DNB Bank ASA (OSL: DNB)

DNB Bank ASA Income Statement

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

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	178,331	153,550	75,241	43,997	50,660	60,225
Interest Income on Investments	7,199	7,095	4,751	2,890	4,636	5,123
Total Interest Income	185,530	160,645	79,992	46,887	55,296	65,348
Interest Paid on Deposits	123,985	101,757	29,080	4,693	11,511	23,661
Interest Paid on Borrowings	-1,514	-2,658	2,619	3,504	5,161	2,486
Total Interest Expense	122,471	99,099	31,699	8,197	16,672	26,147
Net Interest Income	63,059	61,546	48,293	38,690	38,624	39,201
Net Interest Income Growth (YoY)	12.30%	27.44%	24.82%	0.17%	-1.47%	6.46%
Gain (Loss) on Sale of Assets	33	54	-31	9	706	1,795
Gain (Loss) on Sale of Investments	-3	-3	-1,409	-1,282	622	-635
Gain (Loss) on Sale of Equity Investments	654	449	746	524	402	410
Other Non-Interest Income	19,174	19,659	18,509	17,893	16,812	15,789
Total Non-Interest Income	19,858	20,159	17,815	17,144	18,542	17,359
Non-Interest Income Growth (YoY)	3.15%	13.16%	3.91%	-7.54%	6.81%	23.34%
Revenues Before Loan Losses	82,917	81,705	66,108	55,834	57,166	56,560
Provision for Loan Losses	2,739	2,649	-272	-868	9,918	2,191
Revenue	80,178	79,056	66,380	56,702	47,248	54,369
Revenue Growth (YoY)	8.22%	19.10%	17.07%	20.01%	-13.10%	6.53%
Salaries and Employee Benefits	16,893	16,278	14,672	13,684	12,792	12,534
Occupancy Expenses	3,503	3,613	3,455	3,360	3,327	2,851
Selling, General & Administrative	1,739	1,739	1,585	1,448	1,477	1,674
Other Non-Interest Expense	7,009	6,764	6,061	5,398	5,731	5,799
Total Non-Interest Expense	29,144	28,394	25,773	23,890	23,327	22,858
EBT Excluding Unusual Items	51,034	50,662	40,607	32,812	23,921	31,511
Asset Writedown	-149	-181	-10	4	17	-207
Pretax Income	50,830	50,439	40,579	32,667	23,847	31,235
Income Tax Expense	10,112	10,811	7,411	7,462	4,229	5,465
Earnings From Continuing Operations	40,718	39,628	33,168	25,205	19,618	25,770
Earnings From Discontinued Operations	-204	-149	270	150	221	-49
Minority Interest in Earnings	3	-2	-82	-26	15	5
Net Income	40,517	39,477	33,356	25,329	19,854	25,726
Preferred Dividends & Other Adjustments	1,632	1,311	769	922	1,143	1,123
Net Income to Common	38,885	38,166	32,587	24,407	18,711	24,603
Net Income Growth	7.36%	18.35%	31.69%	27.58%	-22.83%	5.95%
Basic Shares Outstanding	1,517	1,537	1,550	1,550	1,555	1,583
Diluted Shares Outstanding	1,517	1,537	1,550	1,550	1,555	1,583
Shares Change (YoY)	-2.00%	-0.87%	0.00%	-0.27%	-1.80%	-1.18%
EPS (Basic)	25.63	24.83	21.02	15.74	12.04	15.54
EPS (Diluted)	25.63	24.83	21.02	15.74	12.03	15.54
EPS Growth	7.95%	18.14%	33.51%	30.85%	-22.57%	6.72%
Dividend Per Share	16.000	16.000	12.500	9.750	9.000	8.400
Dividend Growth	28.00%	28.00%	28.21%	8.33%	7.14%	1.82%
Effective Tax Rate	19.89%	21.43%	18.26%	22.84%	17.73%	17.50%

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