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Nordea Bank (OTC) (NRDBY)
:NRDBY
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.41Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 5.72%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Nordea's strong financial performance, growth in assets under management, and successful strategic acquisitions, contributing to a positive outlook. However, there were challenges such as a decline in net interest income and specific loan losses in certain segments, which were notable concerns.Company Guidance
In the call, Nordea provided detailed guidance on various metrics for the fourth quarter and full year 2024. The company reported a 3% increase in full-year income, with a return on equity exceeding 16% for the second consecutive year. In the fourth quarter, total income rose by 1% year-on-year, driven by an 8% increase in net fee and commission income and higher net insurance and net fair value results, while net interest income decreased by 5%. Operating profit increased by 4% to EUR 1.5 billion, and the return on equity was 14.3%, up from 14.1% in Q4 2023. Lending and deposit volumes grew, supported by the acquisition of Danske Bank's Norwegian business, with mortgage lending increasing by 6% year-on-year. The cost-to-income ratio improved to 48.9% from 50.6% a year earlier, and net loan losses were EUR 54 million. The CET1 ratio stood at 15.8%, 2.2 percentage points above the regulatory requirement. The Board proposed a dividend of EUR 0.94 per share for 2024, a 2% increase from 2023. For 2025, Nordea expects to maintain a return on equity above 15% and anticipates modest cost growth of about 2% to 2.5%.Strong Financial Performance
Nordea reported a full-year income increase of 3% for 2024, with a return on equity exceeding 16% for the second consecutive year.
Q4 Income Growth
Total income for Q4 increased by 1% year-on-year, driven by an 8% rise in net fee and commission income, and higher net insurance and net fair value results.
Asset Under Management Growth
Assets under management grew by 11% in Q4, supported by robust net flows of EUR8.5 billion.
Improved Cost Efficiency
The cost-to-income ratio improved to 48.9% in Q4 from 50.6% a year earlier.
Stable Credit Quality
Net loan losses were EUR54 million or 6 basis points, reflecting continued solid credit quality.
Successful Acquisition
The acquisition of Danske Bank's Norwegian business boosted Nordea's market share in Norway from 11% to 15%.
Dividend Increase
The Board proposed a dividend of EUR0.94 per share for 2024, up from EUR0.92 in 2023.
Recognition and Awards
Nordea was named Sweden's Bank of the Year by Privata Affarer and recognized as the best private bank in Sweden and the Nordics by Professional Wealth Management.
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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
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NRDBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $12.07 | $12.19 | +0.99% |
| Oct 17, 2024 | $11.30 | $11.96 | +5.84% |
| Jul 15, 2024 | $11.99 | $11.54 | -3.75% |
| Apr 18, 2024 | $11.28 | $11.44 | +1.42% |
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.
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FAQ
When does Nordea Bank (OTC) (NRDBY) report earnings?
Nordea Bank (OTC) (NRDBY) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Nordea Bank (OTC) (NRDBY) earnings time?
Nordea Bank (OTC) (NRDBY) 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 NRDBY EPS forecast?
Currently, no data Available
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