DNB Bank Posts Beat as Norwegian Economy Holds Up
By Elena Vardon
Norway's DNB Bank reported third-quarter results that were supported by lending activity and growth in its wealth-management division and beat analysts' expectations.
The lender on Wednesday posted 10.27 billion kroner ($1.02 billion) in profit attributable to shareholders for the three-month period, slightly ahead of a 10.17 billion kroner estimate taken from a company-compiled consensus but below the 11.63 billion kroner it made in the same period last year.
Total income slipped to 22.69 billion kroner from 22.85 billion kroner, on slightly softer fees and commissions, as well as net interest income after central bank interest-rate cuts. Net interest income is the difference between what banks earn on loans and what they pay out on client deposits.
"The Norwegian economy is performing better than expected, and Norwegian companies are continuing to invest while employment remains at a high level," Chief Executive Kjerstin Braathen said. This is also reflected in growth in its assets under management as customers put their savings in mutual funds and in lending, along with growth in income from its financial advisory services arm.
DNB also said it will start a program to buy back up to 1.0% of its own shares.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
October 22, 2025 02:19 ET (06:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States