DNB Bank Full Year 2024 Earnings: EPS Beats Expectations

DNB Bank (OB:DNB) Full Year 2024 Results

Key Financial Results

• Revenue: kr85.3b (up 7.9% from FY 2023).
• Net income: kr43.9b (up 14% from FY 2023).
• Profit margin: 51% (up from 49% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: kr29.34 (up from kr24.93 in FY 2023).

DNB Banking Performance Indicators

• Cost-to-income ratio: 35.2% (up from 35.0% in FY 2023).
• Non-performing loans: 1.05% (down from 1.31% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DNB Bank EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%.

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Banks industry in Norway.

Performance of the Norwegian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for DNB Bank that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.