Nordea Bank Abp

CPSE:NDADK

Finland / Financials / Banks

Overview

Dividends

10Y Bank Historical Financials

Stock Price

87.90 DKK

Model Summary
-	-
Key Metrics	Latest
Total Revenue	11.817 B
Net Profit Margin	42.5%
Total Assets	623.4 B
Total Equity	32.436 B

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months

Net Revenue	9,515	9,262	9,061	8,942	8,045	7,464	9,304	9,650	11,606	11,817	11,817
% Growth		-2.7%	-2.2%	-1.3%	-10.0%	-7.2%	24.7%	3.7%	20.3%	1.8%

Adjusted Net Income	3,569	3,651	3,023	3,168	2,082	2,234	3,728	3,636	5,118	5,019	5,019
% Margin	37.5%	39.4%	33.4%	35.4%	25.9%	29.9%	40.1%	37.7%	44.1%	42.5%	42.5%

Adjusted Basic EPS	0.89	0.90	0.75	0.79	0.52	0.55	0.93	0.96	1.43	1.43	1.43

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Original
EUR	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Net Revenue	9,515	9,262	9,061	8,942	8,045	7,464	9,304	9,650	11,606	11,817	11,817
% Growth	NA	-2.7%	-2.2%	-1.3%	-10.0%	-7.2%	24.7%	3.7%	20.3%	1.8%

Research and Development	0	0	0	0	0	0	0	0	0	0	0
Selling and Marketing	(84)	(79)	(66)	(60)	(59)	(46)	(44)	0	(66)	(80)	(80)
General and Admin	(4,853)	(4,714)	(5,031)	(4,811)	(5,155)	(4,545)	(4,322)	(4,487)	(4,657)	(5,118)	(5,118)
Other Exp / (Inc)	126	156	34	(118)	(718)	90	(2)	(401)	(545)	(71)	(71)
Total Operating Exp	(4,811)	(4,637)	(5,063)	(4,989)	(5,932)	(4,501)	(4,368)	(4,888)	(5,268)	(5,269)	(5,269)

Operating Income	4,704	4,625	3,998	3,953	2,113	2,963	4,936	4,762	6,338	6,548	6,548
% Revenue	49.4%	49.9%	44.1%	44.2%	26.3%	39.7%	53.1%	49.3%	54.6%	55.4%	55.4%

Interest Expense	0	0	0	0	0	0	0	0	0	0	0
Pre-tax Income	4,704	4,625	3,998	3,953	2,113	2,963	4,936	4,762	6,338	6,548	6,548
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0	0	0	0
Provision for Taxes	(1,042)	(859)	(950)	(872)	(571)	(698)	(1,105)	(1,175)	(1,404)	(1,489)	(1,489)
Net Income to Company	3,662	3,766	3,048	3,081	1,542	2,265	3,831	3,587	4,934	5,059	5,059
% Margin	38.5%	40.7%	33.6%	34.5%	19.2%	30.3%	41.2%	37.2%	42.5%	42.8%	42.8%

Minority Interest in Earnings			(17)	(4)	3			2
Net Income to Stockholders	3,662	3,766	3,031	3,077	1,545	2,265	3,831	3,589	4,934	5,059	5,059

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	(7)	(26)	(27)	(26)	(26)	(26)	(26)	(26)

Net Income to Common	3,662	3,766	3,031	3,070	1,519	2,238	3,805	3,563	4,908	5,033	5,033
% Margin	38.5%	40.7%	33.5%	34.3%	18.9%	30.0%	40.9%	36.9%	42.3%	42.6%	42.6%

As Reported
Basic EPS (Continuing Ops)	0.91	0.93	0.75	0.76	0.38	0.55	0.95	0.94	1.37	1.44	1.44
Diluted EPS (Continuing Ops)	0.91	0.93	0.75	0.76	0.38	0.55	0.95	0.94	1.37	1.44	1.44

WA Basic Shares Out.	4,029	4,035	4,038	4,036	4,035	4,038	4,023	3,779	3,576	3,501	3,501
WA Diluted Shares Out.	4,031	4,037	4,039	4,037	4,035	4,039	4,025	3,782	3,579	3,505	3,505

Unusual Items Reconciliation
Addback: Other Non Operating Expenses, Total	0	0	0	0	(12)	(48)	(83)	13	(20)	8	8
Addback: Restructuring Charges	0	0	0	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	(76)	0	141	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0	0	0	0
Addback: Asset Writedown	(126)	(80)	(34)	(23)	730	(42)	(139)	66	249	(54)	(54)
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0	0	0	0
Total Unusual Items	(126)	(156)	(34)	118	718	(90)	(222)	79	229	(46)	(46)
% Margin	-1.3%	-1.7%	-0.4%	1.3%	8.9%	-1.2%	-2.4%	0.8%	2.0%	-0.4%	-0.4%

Adjusted Net Income Reconciliation
Net Income to Company	3,662	3,766	3,048	3,081	1,542	2,265	3,831	3,587	4,934	5,059	5,059
Addback: Unusual Items	(126)	(156)	(34)	118	730	(42)	(139)	66	249	(54)	(54)
Less: Tax Benefit of Unusual Items (26%)	33	41	9	(31)	(190)	11	36	(17)	(65)	14	14
Adjusted Net Income	3,569	3,651	3,023	3,168	2,082	2,234	3,728	3,636	5,118	5,019	5,019
% Margin	37.5%	39.4%	33.4%	35.4%	25.9%	29.9%	40.1%	37.7%	44.1%	42.5%	42.5%

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Nordea Bank Abp

CPSE:NDADK

Finland / Financials / Banks

10Y Bank Historical Financials