EarningsQ2 2026 Earnings Report
DNBBF Q2 2026 EPS Results
Actual EPS$0.67
Consensus EPS$0.67
Beat/MissBeat by +<$0.01
One Year Ago EPS$0.70
DNBBF Q2 2026 Revenue Results
Actual Revenue$5.11B
Expected Revenue$2.31B
Beat/MissBeat by +$2.80B
YoY Revenue Growth-10.87%
Earnings Announcement Details
QuarterQ2 2026
Date07/14/2026
TimeBefore Open
Conference CallTuesday, July 14, 2026
DNBBF Upcoming Earnings
DNB ASA's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial picture: strong profitability (ROE 14.6%), record asset management inflows (NOK 46.3bn), robust fee growth (net commissions +4.6% YoY) and a very strong capital position (CET1 17.4%). Growth across loans and deposits, high customer satisfaction, and successful integration/efficiency efforts are clear positives. Headwinds include margin pressure (NIM down 4 bps; NII down), higher activity-related operating costs, a few impairment/legacy charges (including NOK 124m in Poland), and a marked reduction in money transfer contribution (down 29%) driven by costs. Management expects NII improvement from repricing in Q3 and highlights the resilience of asset quality and capital buffers, suggesting current challenges are manageable within a fundamentally strong performance.Company Guidance
Strong Profitability and Capital
Return on equity of 14.6% for the quarter; earnings per share NOK 6.5 this quarter (NOK 13.01 year-to-date). Core equity Tier 1 (CET1) ratio of 17.4% with c.100 basis points of headroom; leverage ratio 6.3% — supporting dividend policy and buybacks.
Record Asset Management Inflows and AUM Growth
Record net inflow to Asset Management of NOK 46.3 billion in the quarter (including NOK 10.1 billion from retail). Assets under management just below NOK 1,800 billion; AUM reported up ~11.5% in the quarter and more than doubled over the past four years.
Fee and Wealth Management Momentum
Net commission and fees up 4.6% year-over-year. Wealth Management income up 10.1% and Asset Management/custodial services up 13%; DNB Carnegie total income up 5.3% with customer income up 12.1%. Investment banking activity strong (Investment Banking Services +7%, Corporate Finance +20%).
Loan and Deposit Growth
FX-adjusted loan growth +1.4% quarter-on-quarter and +4.3% year-on-year. Segment growth: personal customers +0.6% q/q, corporate Norway +1.5% q/q, large corporates & international +3% q/q. Currency-adjusted deposits +1.5% q/q (personal +3.4%). Deposit-to-loan ratio 73.9%.
High Customer Satisfaction and Retail Savings
Record-high customer satisfaction for SME and large corporate customers in Norway. Monthly recurring retail savings surpassed NOK 1 billion per month into mutual funds/savings products.
Portfolio Quality and Risk Indicators
Portfolio remains robust: 99.4% of exposures in Stages 1 and 2. Reported cost of risk ~6 basis points (NOK ~338 million) for the quarter with most impairments customer-specific.
Operational Efficiency and Integration
Successfully absorbed Carnegie headcount increase; reported a 9% reduction in headcount since CMD Autumn 2024. Continued focus on efficiency while scaling wealth and investment banking activities.
Strategic Capital Actions
Announced and executed share buybacks totaling 2% of outstanding shares (completed 1% and announced another 1%); buybacks recognized as deducted from CET1 (c.80 basis points impact reported).
DNBBF 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