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Nordea Bank Abp (NBNKF)
:NBNKF
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.35Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -3.88%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
Nordea delivered strong financial results for 2024, with significant income and asset management growth, supported by strategic acquisitions. However, challenges such as a decline in net interest income and market volatility were noted.Company Guidance
The guidance provided in Nordea's Q4 and full-year 2024 results call highlighted several key financial metrics and strategic directions. Nordea reported a solid performance with a full-year income increase of 3%, and a return on equity exceeding 16% for the second consecutive year, specifically achieving 16.7%. The Q4 total income grew by 1% year-on-year, driven by an 8% rise in net fee and commission income. Operating profit increased by 4% to EUR 1.5 billion, and the return on equity for the quarter was 14.3%. Notably, the cost-to-income ratio improved to 48.9% from 50.6% a year earlier. The bank's credit quality remained robust, with net loan losses at EUR 54 million, or 6 basis points. Nordea's CET1 ratio stood at 15.8%, 2.2 percentage points above regulatory requirements, supporting a proposed dividend of EUR 0.94 per share for 2024, up 2% from 2023. For 2025, Nordea targets a return on equity above 15%, with modest cost growth of 2% to 2.5%. Additionally, Nordea completed the acquisition of Danske Bank's Norwegian business, boosting its market share in Norway from 11% to 15%. The bank is focused on leveraging its Nordic scale and technological investments to drive growth and efficiency, with strategic plans to be detailed in a forthcoming Capital Markets Day.Strong Financial Performance in 2024
Nordea achieved full-year income growth of 3% and a return on equity of 16.7%, exceeding 16% for the second consecutive year.
Solid Q4 Results
Q4 operating profit increased by 4% to EUR 1.5 billion. Return on equity was 14.3%, and the CET1 ratio stood at 15.8%, 2.2 percentage points above the regulatory requirement.
Successful Acquisition in Norway
Completed the acquisition of Danske Bank's Norwegian personal customer and private banking business, increasing mortgage lending by 6% year-on-year.
Asset and Wealth Management Growth
Assets Under Management grew by 11% to EUR 422 billion, with strong net flows of EUR 8.5 billion in Q4.
Dividend Increase
The Board of Directors proposed a dividend of EUR 0.94 per share for 2024, a 2% increase from 2023.
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NBNKF 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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NBNKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $12.10 | $12.18 | +0.66% |
| Oct 17, 2024 | $11.34 | $12.00 | +5.82% |
| Jul 15, 2024 | $11.92 | $11.50 | -3.52% |
| Apr 18, 2024 | $11.35 | $11.40 | +0.44% |
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 Nordea Bank Abp (NBNKF) report earnings?
Nordea Bank Abp (NBNKF) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Nordea Bank Abp (NBNKF) earnings time?
Nordea Bank Abp (NBNKF) earnings time is at Apr 16, 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 NBNKF EPS forecast?
NBNKF EPS forecast for the fiscal quarter 2025 (Q1) is 0.35.
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