Nordea Bank Abp (CPH: NDA.DK)

Nordea Bank Abp Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	19,079	17,303	7,937	5,116	5,536	6,399
Interest Income on Investments	2,555	2,426	879	565	557	1,041
Total Interest Income	21,634	19,729	8,816	5,681	6,093	7,440
Interest Paid on Deposits	13,948	12,278	3,474	1,167	1,779	3,334
Interest Paid on Borrowings	-	-	-322	-411	-201	-212
Total Interest Expense	13,948	12,278	3,152	756	1,578	3,122
Net Interest Income	7,686	7,451	5,664	4,925	4,515	4,318
Net Interest Income Growth (YoY)	7.56%	31.55%	15.01%	9.08%	4.56%	-3.85%
Gain (Loss) on Sale of Assets	29	29	39	34	12	9
Gain (Loss) on Sale of Investments	2,200	1,967	-688	2,300	584	2,443
Gain (Loss) on Sale of Equity Investments	15	-3	-8	-6	-1	50
Other Non-Interest Income	2,164	2,349	4,755	2,169	3,262	1,761
Total Non-Interest Income	4,408	4,342	4,098	4,497	3,857	4,263
Non-Interest Income Growth (YoY)	-4.59%	5.95%	-8.87%	16.59%	-9.52%	-7.81%
Revenues Before Loan Losses	12,094	11,793	9,762	9,422	8,372	8,581
Provision for Loan Losses	237	187	112	118	908	536
Revenue	11,857	11,606	9,650	9,304	7,464	8,045
Revenue Growth (YoY)	2.01%	20.27%	3.72%	24.65%	-7.22%	-10.03%
Salaries and Employee Benefits	3,004	2,888	2,781	2,725	2,752	3,017
Occupancy Expenses	573	609	586	605	553	558
Selling, General & Administrative	1,422	1,226	1,120	1,036	1,286	1,639
Other Non-Interest Expense	119	316	322	224	-	-
Total Non-Interest Expense	5,116	5,019	4,822	4,507	4,543	5,202
EBT Excluding Unusual Items	6,741	6,587	4,828	4,797	2,921	2,843
Asset Writedown	-245	-249	-66	139	42	-730
Pretax Income	6,496	6,338	4,762	4,936	2,963	2,113
Income Tax Expense	1,460	1,404	1,175	1,105	698	571
Earnings From Continuing Operations	5,036	4,934	3,587	3,831	2,265	1,542
Minority Interest in Earnings	-	-	2	-	-	3
Net Income	5,036	4,934	3,589	3,831	2,265	1,545
Preferred Dividends & Other Adjustments	26	26	26	26	27	26
Net Income to Common	5,010	4,908	3,563	3,805	2,238	1,519
Net Income Growth	-1.27%	37.48%	-6.32%	69.14%	46.60%	-49.79%
Basic Shares Outstanding	3,524	3,576	3,779	4,023	4,038	4,035
Diluted Shares Outstanding	3,524	3,579	3,782	4,025	4,039	4,035
Shares Change (YoY)	-2.50%	-5.37%	-6.04%	-0.35%	0.10%	-0.05%
EPS (Basic)	1.42	1.37	0.94	0.95	0.55	0.38
EPS (Diluted)	1.42	1.37	0.94	0.95	0.55	0.38
EPS Growth	0.83%	45.74%	-0.61%	71.97%	46.10%	-50.47%
Dividend Per Share	0.920	0.920	0.800	0.690	0.390	0.400
Dividend Growth	15.00%	15.00%	15.94%	76.92%	-2.50%	-42.03%
Effective Tax Rate	22.48%	22.15%	24.67%	22.39%	23.56%	27.02%

Source: S&P Capital IQ. Banks template. Financial Sources.