DNB Bank ASA (LON:0O84)

DNB Bank ASA Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	186,742	153,550	75,241	43,997	50,660
Interest Income on Investments	6,812	7,095	4,751	2,890	4,636
Total Interest Income	193,554	160,645	79,992	46,887	55,296
Interest Paid on Deposits	129,643	101,757	29,080	4,693	11,511
Interest Paid on Borrowings	-279	-2,658	2,619	3,504	5,161
Total Interest Expense	129,364	99,099	31,699	8,197	16,672
Net Interest Income	64,190	61,546	48,293	38,690	38,624
Net Interest Income Growth (YoY)	4.30%	27.44%	24.82%	0.17%	-1.47%
Gain (Loss) on Sale of Assets	101	54	-31	9	706
Gain (Loss) on Sale of Investments	-	-3	-1,409	-1,282	622
Gain (Loss) on Sale of Equity Investments	1,719	449	746	524	402
Other Non-Interest Income	20,525	19,659	18,509	17,893	16,812
Total Non-Interest Income	22,345	20,159	17,815	17,144	18,542
Non-Interest Income Growth (YoY)	10.84%	13.16%	3.91%	-7.54%	6.81%
Revenues Before Loan Losses	86,535	81,705	66,108	55,834	57,166
Provision for Loan Losses	1,209	2,649	-272	-868	9,918
Revenue	85,326	79,056	66,380	56,702	47,248
Revenue Growth (YoY)	7.93%	19.10%	17.07%	20.01%	-13.10%
Salaries and Employee Benefits	17,521	16,278	14,672	13,684	12,792
Occupancy Expenses	3,619	3,613	3,455	3,360	3,327
Selling, General & Administrative	-	1,739	1,585	1,448	1,477
Other Non-Interest Expense	8,893	6,764	6,061	5,398	5,731
Total Non-Interest Expense	30,033	28,394	25,773	23,890	23,327
EBT Excluding Unusual Items	55,293	50,662	40,607	32,812	23,921
Asset Writedown	25	-181	-10	4	17
Pretax Income	54,878	50,439	40,579	32,667	23,847
Income Tax Expense	9,074	10,811	7,411	7,462	4,229
Earnings From Continuing Operations	45,804	39,628	33,168	25,205	19,618
Earnings From Discontinued Operations	-	-149	270	150	221
Minority Interest in Earnings	-33	-2	-82	-26	15
Net Income	45,771	39,477	33,356	25,329	19,854
Preferred Dividends & Other Adjustments	1,901	1,311	769	922	1,143
Net Income to Common	43,870	38,166	32,587	24,407	18,711
Net Income Growth	15.94%	18.35%	31.69%	27.58%	-22.83%
Basic Shares Outstanding	1,495	1,537	1,550	1,550	1,555
Diluted Shares Outstanding	1,495	1,537	1,550	1,550	1,555
Shares Change (YoY)	-2.71%	-0.87%	0.00%	-0.27%	-1.80%
EPS (Basic)	29.34	24.83	21.02	15.74	12.04
EPS (Diluted)	29.34	24.83	21.02	15.74	12.03
EPS Growth	18.15%	18.14%	33.51%	30.85%	-22.57%
Dividend Per Share	16.750	16.000	12.500	9.750	9.000
Dividend Growth	4.69%	28.00%	28.21%	8.33%	7.14%
Effective Tax Rate	16.53%	21.43%	18.26%	22.84%	17.73%

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