DNB ASA (GB:0O84)
LSE:0O84
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
6.33Last Year’s EPS
7.04Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance driven by robust fee and wealth management growth, solid lending expansion, high profitability (ROE 16.6%) and a resilient capital position (CET1 17.9% with 160 bps headroom). Key positives include successful Carnegie integration, higher customer satisfaction and notable operational improvements. Offsetting factors include increased operating costs and integration-related one-offs, specific quarter impairments (NOK 793m), margin pressure from rate cuts and competition, and a regulatory change likely to reduce NII by ~NOK 300m annually. On balance, the positive earnings drivers, strong capital coverage and generous shareholder returns outweigh the temporary and identified headwinds.Company Guidance
Strong Profitability and Capital Position
Return on equity of 16.6% in the quarter (above the 14% target); quarterly EPS NOK 7.65 (nearly +10% quarter-over-quarter) and full-year EPS NOK 28.45. CET1 ratio of 17.9% after dividend and announced 0.5% buyback, with 160 bps headroom versus expected regulatory requirement; leverage ratio 6.6% (well above 3% requirement).
Exceptional Fee and Investment Banking Performance
Net commission and fees up 40.3% year-over-year in Q4 (NOK +1.3 billion), driven by a very strong quarter in investment banking (investment banking services up ~101%) and asset management/custody (up 68%).
Wealth Management and AUM Growth
Wealth management income up 41.7% year-over-year. Assets under management showed strong growth with positive net flows of NOK 47 billion for the year (40% retail) and quarter AUM increase reported (Rasmus noted NOK 88 billion increase in the quarter), strengthening DNB's position as Norway's largest asset manager.
Lending and Deposit Growth — Profitable Expansion
Group lending growth of 4.9% for 2025 and deposits up 2.8% for the year. Personal customer lending growth 2.2% (year) and corporate lending growth 7.7% (year), with corporate Norway showing strong lending growth (5.2% in the quarter). Deposit-to-loan ratio maintained at 72.2%.
Customer Experience and Operational Improvements
Mortgage application implementation time reduced by 24%. Registration time for new businesses reduced by 37%. Montrose (Sweden) awarded 'best bank' in 2025 after one year of operation. Highest customer satisfaction seen in Sbanken post-integration.
Successful Carnegie Integration and Revenue Diversification
Clear revenue uplift from Carnegie integration: other income / customer income across Carnegie up (customer income in Carnegie +27% in 2025). Cross-selling benefits highlighted by financing 32% of real estate sales brokered (≈10 pp above market share).
Prudent Credit Quality Metrics
Portfolio remains well diversified with 99.4% of exposure in Stage 1 and 2; no negative migration observed and positive development in credit quality for large corporates. Reported cost of risk at 15 basis points (quarter).
Shareholder Returns
Board proposes a cash dividend of NOK 18 per share (up 7.5% YoY) and completing a 2% buyback with an additional announced 0.5% buyback (totaling 2.5% planned), resulting in total payout for 2025 of 86.3%.
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
GB:0O84 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | kr283.00 | kr289.11 | +2.16% |
Oct 22, 2025 | kr272.82 | kr260.88 | -4.38% |
Jul 11, 2025 | kr283.90 | kr260.67 | -8.18% |
May 07, 2025 | kr261.49 | kr267.56 | +2.32% |
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 DNB ASA (GB:0O84) report earnings?
DNB ASA (GB:0O84) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is DNB ASA (GB:0O84) earnings time?
DNB ASA (GB:0O84) earnings time is at Apr 23, 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 the P/E ratio of DNB ASA 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 2026 (Q1) is 6.33.