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Føroya Banki has a long track record of adapting to market changes.
Føroya Banki reported a Q3 2024 net profit of DKK 96m, DKK 7m (8%) above our estimate.
Q3 2024 profit before loan losses came in at DKK 66m, DKK 7m (10%) below our estimate.
On Friday 18 October, Føroya Banki lifted its net profit guidance to DKK 275-300m (DKK 250-280m previously).
On 30 August 2024, Føroya Banki announced its 2026 strategy and financial targets.
On 19 August 2024, Føroya Banki raised its 2024 net profit guidance range to DKK 250-280m (previously DKK 225-255m).
Føroya Banki delivered a solid Q2 2024 result with net profit of DKK 87m, DKK 19m above our estimate.
Q2 2024 profit before loan losses came in at DKK 63m, DKK 7m (10%) below our estimate.
Føroya Banki reports its Q2 2024 results on 1 August 2024.
The Danish Systemic Risk Council recommends that the Faroe systemic risk buffer is hiked to 3% (currently 2%) from 1 July 2025.
Føroya Banki (formerly BankNordik) reported Q1 2024 pre-tax profit DKK 15m (19%) below our estimate, as loan losses were DKK 23m, DKK 16m hi...
Q1 2024 profit before loan losses came in at DKK 70m, DKK 4m (6%) ahead of our estimate.
Føroya Banki (previously BankNordik) will publish its Q1 2024 report on 2 May.
Following the publication of BankNordik's 2023 annual report, we make only minor changes to our P&L estimates.
Q4 NII came in strong, 3% ahead of our estimate while NCI came in slightly weaker, at DKK 17m versus our estimate at DKK 21m.
This afternoon after market close, BankNordik issued its 2024 net profit guidance of DKK 225-255m, suggesting 2024 ROE of 12-14%.
On Friday afternoon, 19 January, BankNordik raised its 2023 net profit guidance for the fourth time due to lower-than-expected impairment le...
In light of BankNordik's Q3 report, we raise 2023E-24E adjusted EPS by ~5%.
Q3 NII came in very strong 8% ahead of our estimate while NCI came in roughly in line with our estimate at DKK 19m.
11% CAGR in net profit for 2022-25e... ...and 10-11% dividend yield p.
BankNordik will publish its Q3 2023 report on 2 November.
Today, BankNordik upgraded its FY 2023E net profit guidance from DKK 235-265m to DKK 260-290m, corresponding to a ~10% guidance upgrade at t...
Net profit in Q2 13% above ABGSCe driven by... ...loan loss reversals, NII, insurance and other operating income We lift 2023e adjusted EPS ...
Following BankNordik's Q2 2023 report, we leave 2023E-25E adjusted EPS roughly unchanged.
Q2 NII came in 2% above our estimate at DKK 86m while NCI came in at DKK 19m versus our estimate at DKK 22m.
BankNordik will publish its Q2 2023 report on 3 August.
This morning, BankNordik upgraded its FY 2023E net profit guidance from DKK 210-240m to DKK 235-265m, corresponding to a ~10% upgrade.
The BankNordik share is up by ~8% over the past week and ~24% YTD adjusted for the dividend payout in April.
Net profit in Q1 18% above ABGSCe driven by... ...loan loss reversals and investment portfolio earnings We lift 2023e adjusted EPS by 6% St...
Following BankNordik's Q1 report, we lift 2023E adjusted EPS by ~3% to reflect the continued solid asset quality after yet another quarter w...
Pre-tax profit 18% above our expectations driven by.
Q1 NII came in 1% above our estimate at DKK 78m while NCI came in at DKK 21m versus our estimate at DKK 23m.
On Tuesday, 18 April, BankNordik upgraded its 2023 net profit guidance to DKK 210-240m (previously DKK 190-220m), led by solid NII and stron...
11% CAGR in net profit for 2022-'25e... ...and 12% dividend yield p.
FY net profit guidance lifted 9-11% to DKK 210-240m (190-220m) Strong NII and asset quality offset headwind on insurance inc.
In conjunction with its Q4 report, BankNordik announced a total dividend of DKK 250m to be paid out after the annual general meeting in Marc...
Q4'22: Pre-tax profit in line with expectations Jumbo dividend of DKK 26 offers a yield of 14.
On January 26th 2023, BankNordik published a statement in which the bank narrowed its 2022E net profit guidance to DKK 160-170m and announce...
Q4'22 pre-tax profit in line with ABGSC Just soft on NII but strong in the subsegments Delivering the 15% dividend yield Q4'22: Pre-tax pro...
Strong end to the year from NII and market value adjustments Another jumbo dividend yield of 15% for '22e.
BankNordik has announced 2023 net profit guidance of DKK 190-220m, alongside a revision of its 2024 targets.
Yesterday, BankNordik adjusted its 2022 net profit guidance upwards, from DKK 140-170m to DKK 160-190m.
On Monday morning BankNordik upgraded its net profit guidance for 2022 back to DKK 160-190m which was also its guidance range before its dow...
BankNordik just upgraded its net profit guidance for 2022 from DKK 140-170m to DKK 160-190m.
Investment portfolio earnings the only disturbance… …in another solid quarter from BankNordik Mid-range net profit expected despite investme...
Following BankNordik's Q3 report, we lift 2023E-24E adjusted EPS by ~11-15% to reflect a positive impact on both NII and investment income f...
Both NII and NCI came in slightly better than expected in Q3.
Losses on bond portfolio behind net profit… … as indicated in net profit downgrade in October Core operations remain solid despite low NII e...
New net profit guidance DKK 140m-170m (160m-190m) Our expected rate path implies ‘23e income of DKK 509m ‘24e adj.
With a ~70% payout yield up to 2024E, capital repatriation remains key for the BankNordik share.
Incoming CEO presented at today’s Copenhagen seminar Gas independence strengthens asset quality Positive outlook for continued growth in G...
Profit before tax at DKK 54m, 8% above ABGSCe Growth in Greenland on track Strong quarter on insurance despite investment losses PTP 8% o...
Following BankNordik's Q2 2022 report, we lift 2022E-24E adjusted EPS by ~1%, primarily due to improved loan loss estimates but partly offse...
Profit before tax came in 8% above ABGSC Strong quarter in the insurance business Guidance for ’22 net profit at DKK 160-190m reconfirmed...
Q2 NII, NCI and insurance income came in as expected.
BankNordik is set to distribute ~65% of its market cap to shareholders by 2024 in order to reach its 2024 capitalisation target.
BankNordik set to report a solid Q2 on 4 August Fee income under pressure but insurance looks strong Valuation at 5.
BankNordik raised its 2022 net profit guidance by ~20%, up to DKK 160-190m, from DKK 130-160m previously.
BankNordik just raised its 2022 net profit guidance by 21% to DKK 160-190m from previously DKK 130-160m.
BankNordik reported solid Q1 2022 figures across all income lines, and underlying profitability came in 9% ahead of our estimate.
Q1 2022 PBLL came in at a solid DKK 49m, DKK 4m (9%) above our estimate, led by strong numbers across all income lines.
BankNordik has now fully distributed excess capital from the sale of its Danish business – one year ahead of schedule.
BankNordik reported solid Q4 figures across most quality lines, manifesting its renewed focus on operational profitability which continues t...
BankNordik’s 2021 result was pre-announced and hence all focus on underlying profitability and the ongoing capital optimisation efforts.
On Friday, 28 January, BankNordik lifted its 2021 net profit guidance to DKK 270m (previously DKK 230-250m), led by a positive asset quality...
Today (Jan 28) BankNordik has adjusted its net profit guidance for 2021 and provided an initial outlook for 2022.
On Tuesday the Danish Systemic Risk Council announced an increase to the Faroese counter-cyclical buffer to 1% (0%).
BankNordik's Q3 pre-tax profit was DKK 54m, DKK 8m (15%) below our estimate led by a DKK 7m (35%) miss on loan losses.
Q3 profit before loan losses was DKK 41m against our estimate of DKK 45m.
On Friday, 15 October, BankNordik upgraded its net profit guidance to DKK 230-250m (from DKK 190-220m), with asset quality being a key profi...