Nordea har mod betaling udarbejdet denne analyse af BankNordik:
On Tuesday, 18 April, BankNordik upgraded its 2023 net profit guidance to DKK 210-240m (previously DKK 190-220m), led by solid NII and strong asset quality. We leave our estimate for 2023 net profit at DKK 245m, roughly unchanged, because the operational improvements were already reflected in our numbers. We still believe that BankNordik is on track to reach its 2024 targets and we even see scope for an upgrade down the road, given the current earnings outlook. Also, despite the fact that BankNordik has distributed more than DKK 110 per share in dividends during the past two years, we expect the bank to distribute another DKK 88 per share until the end of 2025.
Guidance upgrade in line with our expectations
On 18 April, BankNordik updated its 2023 net profit guidance to DKK 210-240m (previously DKK 190-220m). The guidance upgrade was led by lower-than-expected impairment levels as well as an improved outlook for core operations due to higher NII from rising policy and market rates. Moreover, the upgrade was announced despite a significant weather event in February that caused lower insurance income during Q1 2023.
Få vores øvrige investeringsnyheder direkte i din indbakke. Tilmeld dig vores gratis daglige nyhedsbrev her:
Få dagens vigtigste
økonominyheder hver dag kl. 12
Bliv opdateret på aktiemarkedets bevægelser, skarpe indsigter
og nyeste tendenser fra Økonomisk Ugebrev – helt gratis.
