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Nordea Bank Abp (NBNKF)
OTHER OTC:NBNKF
Earnings Data
Report Date
Jul 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.38Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 16, 2025
|% Change Since: 5.08%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Nordea's consistent return on equity and growth in mortgage lending, retail deposits, and assets under management. Despite a decrease in total income and net interest income due to lower rates, the cost-to-income ratio remained within the target range, and credit quality was strong. However, there were concerns about the impact of global trade tensions and tariffs on the Nordic markets. Overall, the highlights slightly outweigh the lowlights, indicating a steady performance with some challenges.Company Guidance
In the first quarter of 2025, Nordea demonstrated strong financial resilience amidst global economic uncertainty. The bank maintained a return on equity of 15.7%, aligning with its financial targets, despite a 4% year-on-year decline in total income due to lower interest rates. Net interest income showed resilience, decreasing by 6% year-on-year, supported by a 50 million EUR deposit hedge contribution. Operating profit stood at 1.6 billion EUR, down 9% from the previous year but up 10% quarter-on-quarter. Mortgage lending volumes increased by 6%, and retail deposits rose by 7%, bolstered by the acquisition of Danske Bank's Norwegian personal customer and private banking business. Corporate deposits grew by 11%, and assets under management increased by 9% year-on-year to 425 billion EUR. The cost-to-income ratio, with amortized resolution fees, was 44.6%, within the target range of 44% to 46%. Moreover, Nordea's CET1 ratio remained robust at 15.7%, surpassing the regulatory requirement by 2 percentage points. The bank reaffirmed its guidance for 2025, aiming to deliver a return on equity above 15% for the full year, while maintaining modest cost growth expectations of about 2% to 2.5%, assuming constant FX rates.Return on Equity Consistency
Return on equity was 15.7%, consistent with Nordea's financial target set three years ago.
Mortgage Lending and Retail Deposits Growth
Mortgage lending volumes increased by 6% and retail deposits were up 7%, supported by the acquisition of Danske Bank's Norwegian personal customer and private banking business.
Assets Under Management Increase
Assets under management grew by 9% year-on-year to EUR425 billion.
Strong Net Fee and Commission Income
Net fee and commission income grew by 4% year-on-year, driven by higher net income from savings, payments and cards, and brokerage and advisory.
Cost-to-Income Ratio Within Target
The cost-to-income ratio with amortized resolution fees was 44.6%, within the target range of 44% to 46%.
Solid Credit and Asset Quality
Net loan losses and similar net result amounted to EUR13 million or 1 basis point, well below Nordea's long-term expectation.
CET1 Ratio Above Requirement
CET1 ratio stood at 15.7%, which is 2 percentage points above the current regulatory requirement.
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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 |
|---|---|---|---|
| Apr 16, 2025 | $12.80 | $13.00 | +1.56% |
| Jan 30, 2025 | $11.21 | $11.30 | +0.80% |
| Oct 17, 2024 | $10.51 | $11.12 | +5.80% |
| Jul 15, 2024 | $11.05 | $10.66 | -3.53% |
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 Jul 17, 2025, TBA Not Confirmed.
What is Nordea Bank Abp (NBNKF) earnings time?
Nordea Bank Abp (NBNKF) earnings time is at Jul 17, 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 (Q2) is 0.38.
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