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FINANCIALS: DNB Results; Minor Credit Positive

FINANCIALS

DNB (DNBNO: A2/A) 2Q24 results headlines appear positive with NII and, moreso, non-II beating consensus (trading income) and most of that dropping through to the bottom line. CET1 is inline and loan losses also appear better than consensus. Appear minor credit positive at first glance.

  • “*DNB BANK 2Q NET INTEREST INCOME NOK15.82B, EST. NOK15.65B
    *DNB BANK 2Q TOTAL INCOME NOK21.57B, EST. NOK20.22B
    *DNB BANK 2Q NET INCOME NOK10.27B, EST. NOK9.31B
    *DNB BANK 2Q CET1 RATIO 19%, EST. 19%
    *DNB BANK 2Q EPS NOK6.83, EST. NOK6.10” - BBG

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