Norway's DNB Bank Posts Profit Decline, Outlines Share Buyback

By Nina Kienle

Norway's DNB Bank reported slightly lower net profit for the second quarter and outlined a new share buyback program.

The lender on Wednesday posted 9.40 billion kroner ($959.8 million) in net profit for the three-month period, which compares with a 9.435 billion kroner estimate taken from a company-compiled consensus. For the same period last year, the bank made 10.05 billion kroner.

Total income fell to 22.32 billion kroner from 22.49 billion kroner, beating the 22.30 billion kroner analysts had expected according to the same consensus.

Net interest income--the difference between what lenders earn from loans and pay out on deposits, and a key revenue driver--slipped to 15.13 billion kroner from 16.15 billion kroner and missed the 15.40 billion kroner expected by analysts.

DNB's common equity Tier 1 capital ratio--a measure of a bank's financial strength--stood at 17.4%.

DNB Bank also announced a new share buyback program of up to 1% of its own shares to optimize the capital structure by reducing the common equity Tier 1 ratio by around 0.4 percentage points.

"Norway's solid economic fundamentals continued to provide a supportive operating environment for DNB, despite increased global uncertainty," the lender said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

July 14, 2026 02:20 ET (06:20 GMT)