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Dnb Asa (UK) (GB:0O84)
:0O84
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
6.51Last Year’s EPS
6.02Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2021
|% Change Since: 6.56%
|Next Earnings Date:Feb 10, 2021
Earnings Call Sentiment|Neutral
The earnings call reflects a strong financial performance with notable growth in net interest income and return on equity. However, challenges remain, particularly related to deposit volume reduction and cost management. The Norwegian economy shows resilience, supporting a positive outlook despite potential capital headwinds.Company Guidance
During the DNB Quarter Three Conference Call, guidance highlighted several key metrics reflecting the robust performance and economic conditions in Norway. Norwegian Mainland GDP grew by 0.1% in the second quarter, with full-year growth projected at 0.6% and expected to rise to 1.1% in 2025. Unemployment remained low at 2%, and wage growth was projected at 5.2% for 2024, gradually decreasing to 3.3% by 2027. The policy rate was maintained at 4.5%, with expectations to reduce to 2.75% by the end of 2027. DNB reported a return on equity of 18.9% for the quarter, or 18% when adjusted for a one-off gain from the Fremtind-Eika merger. Net interest income increased by 2% quarter-over-quarter, driven by lending growth and strong activity in the personal customer segment. Loan growth was recorded across all segments, with personal customers up by 0.8%, corporate banking in Norway by 0.3%, and large corporates by 4.7%. However, deposit volumes decreased by 4.1%, attributed to seasonal effects and shifts in low-margin deposits. Net commission and fees rose by 11.1% compared to the same quarter last year, with a strong performance from assets under management and investment banking. The bank maintained a solid asset quality with impairment provisions totaling NOK 170 million, a strong core Tier 1 capital ratio of 19%, and an earnings per share increase of 22.5% from Q3 2023.Strong Financial Performance
Return on equity at 18.9% in the quarter, with an 18% adjusted for a one-off gain from the Fremtind-Eika merger. Net interest income up 2% from the last quarter driven by lending growth. Net commission and fees are up 11.1% from the corresponding quarter last year. Earnings per share increased by 22.5% from the third quarter of 2023.
Lending and Deposit Dynamics
Loan growth observed in all customer segments: personal customers up by 0.8%, corporate banking in Norway up by 0.3%, and large corporate growth of 4.7%. Although deposit volumes were reduced by 4.1%, this was attributed to seasonal effects and low-margin deposits.
Norwegian Economy Resilience
Norwegian Mainland GDP rose by 0.1% in the second quarter, with full-year projected growth at 0.6%. Unemployment remains low at 2%, and inflation levels have gradually come down.
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GB:0O84 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
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GB:0O84 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | kr223.59 | kr236.19 | +5.64% |
| Jul 11, 2024 | kr205.18 | kr215.60 | +5.08% |
| Apr 23, 2024 | kr195.77 | kr188.25 | -3.84% |
| Jan 31, 2024 | kr193.97 | kr190.25 | -1.92% |
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.
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FAQ
When does Dnb Asa (UK) (GB:0O84) report earnings?
Dnb Asa (UK) (GB:0O84) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Dnb Asa (UK) (GB:0O84) earnings time?
Dnb Asa (UK) (GB:0O84) earnings time is at Feb 05, 2025, TBA Not 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 the P/E ratio of Dnb Asa (UK) stock?
The P/E ratio of DNB ASA is N/A.
What is GB:0O84 EPS forecast?
GB:0O84 EPS forecast for the fiscal quarter 2024 (Q4) is 6.51.
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