04 Feb 2026

Arctic FLASH: DNB - A bit messy, but underlying results look 2-3% above expected

- Roy Tilley | Christoffer Bergum Brørs
- 11 pages

EPS NOK 7.65 vs ARCe/Cons 6.96/6.79. Reported ROE 16.6%A bit messy report with one-offs on NII and opex. Adj. PTP ~3% above consensusStronger quarter for non-interest income mostly offset by higher costsDPS NOK 18.0 vs ARCe/Cons 17.5/17.3, proposes 0.5% buybacks for Q1A bit messy, but underlying results look a tad stronger than expected

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Arctic FLASH: DNB - A bit messy, but underlying results look 2-3% above expected

DNB (DNB:STO) | 0 0 0.0%

Published: 04 Feb 2026
Author: Roy Tilley | Christoffer Bergum Brørs
Pages: 11

EPS NOK 7.65 vs ARCe/Cons 6.96/6.79. Reported ROE 16.6%A bit messy report with one-offs on NII and opex. Adj. PTP ~3% above consensusStronger quarter for non-interest income mostly offset by higher costsDPS NOK 18.0 vs ARCe/Cons 17.5/17.3, proposes 0.5% buybacks for Q1A bit messy, but underlying results look a tad stronger than expected