Nordea Bank (OTC) (NRDBY)
OTHER OTC:NRDBY
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Earnings Data
Report Date
Jul 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.42Last Year’s EPS
0.41Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial picture: Nordea reported strong profitability (ROE 15.4%), healthy capital (CET1 15.7%), robust lending and AUM growth, resilient fee income and strong credit quality. Management maintained full‑year guidance and outlined a credible cost‑reduction program supported by AI and scale initiatives. Offsetting these positives were significant but described as isolated market‑making losses in March that reduced net fair value results and raised the Q1 cost-to-income slightly, continued pressure on net interest income from lower policy rates and short‑term geopolitical-driven market volatility. On balance, the strengths (growth, capital, fees, credit quality and strategic cost roadmap) materially outweigh the near‑term episodic challenges.Company Guidance
Strong profitability and capital position
Return on equity of 15.4% in Q1 2026; earnings per share EUR 0.36 (up from EUR 0.35). CET1 ratio of 15.7%, 1.9 percentage points above current regulatory requirements, supporting lending growth and shareholder distribution.
Robust lending and deposit growth
Corporate lending increased 11% year‑on‑year with contributions from all countries; corporate deposits up 2%. Mortgage lending up 2% and retail deposits increased 5% year‑on‑year, indicating higher household savings and gradual housing market pickup.
Assets under management and flows
Group assets under management up 9% to EUR 464 billion. Private Banking net flows of EUR 1 billion; Life & Pension net flows of EUR 1.7 billion; gross written premiums EUR 4.0 billion (up from EUR 3.7 billion). Life & Pension AUM up 10% year‑on‑year to EUR 185 billion.
Fee income resilience
Net fee and commission income increased 6% year‑on‑year, driven by higher savings fee income, brokerage/advisory growth, stronger debt capital markets activity and 11% growth in secondary equities income.
Deposit hedge and NII momentum
Deposit hedge contributed positively, improving net interest income by EUR 55 million in Q1. Net interest margin was 1.57%, unchanged from Q4, and management reported moving beyond the daily NII trough with NII returning to growth during Q1.
Exceptional credit quality and provisioning actions
Strong credit quality: net loan losses and similar net result was a reversal of EUR 99 million (including release). Management fully deployed remaining COVID-era management buffer: EUR 116 million reallocated to modeled provisions and EUR 160 million released as surplus. Excluding the release, net loan losses were EUR 61 million (6 basis points).
Cost discipline and strategic cost program
Operating expenses flat year‑on‑year before FX (up 2% including FX). Underlying cost-to-income ratio was below 45%. Announced restructuring to affect ~1,500 employees (2026–27) expected to deliver at least EUR 150 million annual savings from 2028; EUR 190 million of restructuring costs were booked in Q1 (reported as an item affecting comparability).
Guidance maintained
Full‑year 2026 outlook unchanged: expect return on equity greater than 15% and a cost-to-income ratio of around 45% despite elevated short‑term market uncertainty.
NRDBY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NRDBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $18.69 | $18.70 | +0.09% |
Jan 29, 2026 | $19.37 | $18.73 | -3.34% |
Oct 16, 2025 | $15.91 | $16.55 | +3.98% |
Jul 17, 2025 | $14.02 | $13.64 | -2.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nordea Bank (OTC) (NRDBY) report earnings?
Nordea Bank (OTC) (NRDBY) is schdueled to report earning on Jul 20, 2026, Before Open (Confirmed).
What is Nordea Bank (OTC) (NRDBY) earnings time?
Nordea Bank (OTC) (NRDBY) earnings time is at Jul 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is NRDBY EPS forecast?
NRDBY EPS forecast for the fiscal quarter 2026 (Q2) is 0.42.