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Nordea Bank (OTC) (NRDBY)
OTHER OTC:NRDBY
Earnings Data
Report Date
Apr 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.37Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: the bank delivered strong full-year profitability (ROE 15.5%), record AUM (+13% to EUR 478bn) and robust net inflows (EUR 6.5bn), continued cost discipline, very low credit losses (5 bps) and solid capital metrics (CET1 15.7%). Challenges include pressure on net interest income and margins from rate cuts and competition (notably in Norway), some country-specific credit and impaired asset movements, and near-term uncertainty around NII and a yet-to-be-quantified restructuring charge. On balance the achievements and strategic positioning materially outweigh the headwinds, with management maintaining constructive 2026 and 2030 targets.Company Guidance
Strong Full-Year Profitability and ROE Target Delivered
Full-year 2025 return on equity of 15.5%, meeting the multi-year commitment and above the initial target (>13% then lifted to >15%). Q4 ROE was 14.4% (14.3% a year earlier).
Earnings Per Share and Operating Profit Growth
Q4 earnings per share EUR 0.34, up from EUR 0.32 a year earlier. Operating profit for Q4 increased 3% year-on-year to EUR 1.5 billion.
Business Volume and Deposit Momentum
Corporate lending grew 8% year-on-year; mortgage lending increased 1% year-on-year; total deposits up 1% with retail deposits up 6%.
Record Assets Under Management and Net Inflows
Assets under management rose 13% year-on-year to a record EUR 478 billion. Net inflows were EUR 6.5 billion for the quarter (Nordic channels EUR 4.8 billion, international EUR 1.7 billion).
Income Mix Strength and Markets Performance
Net fee and commission income up 3% year-on-year; net fair value result up 28% year-on-year driven by higher customer activity, FX and interest-rate hedging, and stronger treasury/markets performance. Secondary equities income up 26% year-on-year.
Cost Discipline and Efficiency Progress
Costs decreased 3% year-on-year in Q4; full-year operating expenses EUR 5.4 billion in line with guidance. Q4 cost-to-income ratio 46.2% (excluding regulatory fees) and full-year ratio 45%.
Very Strong Credit Quality and Low Losses
Net loan losses of EUR 49 million in Q4 (5 basis points), well below long-term expectation (~10 bps). Management judgment buffer reduced by EUR 17 million in the quarter.
Robust Capital Position and Shareholder Returns
CET1 ratio 15.7%, 1.9 percentage points above regulatory requirements. Board proposed dividend EUR 0.96 per share (up from EUR 0.94). Completed EUR 250 million buyback and launched new EUR 500 million program. Total shareholder return ~322% over the multi-year period (~26% p.a.).
Customer Satisfaction and Digital Achievement
Customer satisfaction scores increased by 4–10 index points across all four business areas. Achieved target for everyday banking to be met digitally by end-2025; digital app users and logins up (3% and 5% respectively).
Forward-Looking Targets and Strategy
Published 2026 outlook and 2030 ambition: target ROE >15% each year to 2030 and cost-to-income (ex regulatory fees) ~40–42% by 2030. Guidance for 2026: ROE >15%, cost-to-income around 45%.
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 |
|---|---|---|---|
Jan 29, 2026 | $20.00 | $19.33 | -3.34% |
Oct 16, 2025 | $16.43 | $17.08 | +3.97% |
Jul 17, 2025 | $14.48 | $14.08 | -2.76% |
Apr 16, 2025 | $12.63 | $12.93 | +2.42% |
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 Apr 22, 2026, Before Open (Confirmed).
What is Nordea Bank (OTC) (NRDBY) earnings time?
Nordea Bank (OTC) (NRDBY) earnings time is at Apr 22, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRDBY EPS forecast?
Currently, no data Available