By Helgi Library - November 19, 2019
Danske Bank's net interest margin amounted to 0.706% in the third quarter of 2019, down from 0.745% when compared to the previou...
By Helgi Library - November 19, 2019
Danske Bank's net interest margin amounted to 0.706% in the third quarter of 2019, down from 0.745% when compared to the previou...
By Helgi Library - November 19, 2019
Danske Bank's non-performing loans reached 1.75% of total loans at the end of 2019-09-30, up from 1.75% compared to the previous ...
Profit Statement | 2016 | 2017 | 2018 | |
Net Interest Income | DKK mil | 32,330 | 29,864 | 29,021 |
Net Fee Income | DKK mil | 10,147 | 10,824 | 10,380 |
Other Income | DKK mil | 12,755 | 16,078 | 14,486 |
Total Revenues | DKK mil | 55,232 | 56,766 | 53,887 |
Operating Profit | DKK mil | 27,650 | 30,576 | 27,411 |
Provisions | DKK mil | -168 | -1,582 | -387 |
Net Profit | DKK mil | 19,858 | 20,900 | 14,862 |
Balance Sheet | 2016 | 2017 | 2018 | |
Interbank Loans | DKK mil | 445,033 | 506,175 | 487,039 |
Customer Loans | DKK mil | 1,708,020 | 1,727,780 | 1,782,140 |
Total Assets | DKK mil | 3,483,670 | 3,539,530 | 3,578,470 |
Shareholders' Equity | DKK mil | 166,615 | 168,256 | 163,276 |
Interbank Borrowing | DKK mil | 580,214 | 776,564 | 560,060 |
Customer Deposits | DKK mil | 861,801 | 913,777 | 896,894 |
Issued Debt Securities | DKK mil | 1,082,030 | 1,192,580 | 1,094,660 |
Ratios | 2016 | 2017 | 2018 | |
ROE | % | 12.1 | 12.5 | 8.97 |
ROA | % | 0.586 | 0.595 | 0.418 |
Costs (As % Of Assets) | % | 0.814 | 0.746 | 0.744 |
Costs (As % Of Income) | % | 49.9 | 46.1 | 49.1 |
Capital Adequacy Ratio | % | 21.8 | 22.6 | 21.3 |
Net Interest Margin | % | 0.954 | 0.850 | 0.815 |
Loans (As % Of Deposits) | % | 198 | 189 | 199 |
NPLs (As % Of Loans) | % | 2.66 | 1.98 | 1.74 |
Provisions (As % Of NPLs) | % | 47.1 | 48.5 | 64.8 |
Valuation | 2016 | 2017 | 2018 | |
Price/Earnings (P/E) | 10.1 | 10.3 | 7.41 | |
Price/Book Value (P/BV) | 1.20 | 1.28 | 0.675 | |
Dividend Yield | % | 4.42 | 4.14 | 6.59 |
Earnings Per Share (EPS) | 20.7 | 22.8 | 17.0 | |
Book Value Per Share | 174 | 184 | 187 | |
Dividend Per Share | 9.24 | 9.76 | 8.33 |
Get all company financials in excel:
summary | Unit | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | ||||||||||||||||||||||||||||||
Net Interest Income | DKK mil | 34,954 | 33,432 | 34,607 | 33,333 | 32,330 | ||||||||||||||||||||||||
Total Revenues | DKK mil | 53,606 | 46,469 | 51,093 | 51,483 | 55,232 | ||||||||||||||||||||||||
Operating Profit | DKK mil | 26,138 | 19,750 | 25,520 | 25,746 | 27,650 | ||||||||||||||||||||||||
Net Profit | DKK mil | 4,721 | 7,115 | 3,948 | 13,123 | 19,858 | ||||||||||||||||||||||||
balance sheet | ||||||||||||||||||||||||||||||
Interbank Loans | DKK mil | 420,834 | 369,793 | 353,933 | 291,548 | 445,033 | ||||||||||||||||||||||||
Customer Loans | DKK mil | 1,674,390 | 1,578,400 | 1,593,340 | 1,633,230 | 1,708,020 | ||||||||||||||||||||||||
Debt Securities | DKK mil | 515,792 | 611,304 | 664,065 | 559,308 | 531,519 | ||||||||||||||||||||||||
Total Assets | DKK mil | 3,484,950 | 3,227,060 | 3,453,020 | 3,292,880 | 3,483,670 | ||||||||||||||||||||||||
Shareholders' Equity | DKK mil | 138,004 | 145,657 | 152,383 | 160,830 | 166,615 | ||||||||||||||||||||||||
Interbank Borrowing | DKK mil | 743,681 | 669,586 | 688,356 | 526,265 | 580,214 | ||||||||||||||||||||||||
Customer Deposits | DKK mil | 788,507 | 793,154 | 767,772 | 820,497 | 861,801 | ||||||||||||||||||||||||
Issued Debt Securities | DKK mil | 1,022,120 | 990,592 | 1,027,200 | 1,037,600 | 1,082,030 | ||||||||||||||||||||||||
ratios | ||||||||||||||||||||||||||||||
ROE | % | 3.58 | 5.02 | 2.65 | 8.38 | 12.1 | ||||||||||||||||||||||||
ROA | % | 0.137 | 0.212 | 0.118 | 0.389 | 0.586 | ||||||||||||||||||||||||
Costs (As % Of Assets) | % | 0.795 | 0.796 | 0.766 | 0.763 | 0.814 | ||||||||||||||||||||||||
Costs (As % Of Income) | % | 51.2 | 57.5 | 50.1 | 50.0 | 49.9 | ||||||||||||||||||||||||
Capital Adequacy Ratio | % | ... | 21.3 | 21.4 | 19.3 | 21.0 | 21.8 | |||||||||||||||||||||||
Net Interest Margin | % | 1.01 | 0.996 | 1.04 | 0.988 | 0.954 | ||||||||||||||||||||||||
Interest Income (As % Of Revenues) | % | 65.2 | 71.9 | 67.7 | 64.7 | 58.5 | ||||||||||||||||||||||||
Fee Income (As % Of Revenues) | % | 15.4 | 18.9 | 19.2 | 20.7 | 18.4 | ||||||||||||||||||||||||
Equity (As % Of Assets) | % | 3.96 | 4.51 | 4.41 | 4.88 | 4.78 | ||||||||||||||||||||||||
Loans (As % Of Deposits) | % | 212 | 199 | 208 | 199 | 198 | ||||||||||||||||||||||||
Loans (As % Assets) | % | 48.0 | 48.9 | 46.1 | 49.6 | 49.0 | ||||||||||||||||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 5.38 | 5.25 | 4.42 | 3.39 | 2.66 | ||||||||||||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 46.1 | 48.9 | 49.5 | 46.9 | 47.1 | ||||||||||||||||
valuation | ||||||||||||||||||||||||||||||
Market Capitalisation (End Of Period) | USD mil | 16,948 | 23,004 | 27,189 | 26,466 | 28,405 | ||||||||||||||||||||||||
Number Of Shares (Average) | mil | 939 | 1,001 | 1,001 | 989 | 958 | ||||||||||||||||||||||||
Share Price (End Of Period) | 102 | 124 | 167 | 183 | 209 | |||||||||||||||||||||||||
Earnings Per Share (EPS) | 5.03 | 7.11 | 3.95 | 13.3 | 20.7 | |||||||||||||||||||||||||
Book Value Per Share | 147 | 146 | 152 | 163 | 174 | |||||||||||||||||||||||||
Dividend Per Share | 0 | 2.02 | 5.54 | 8.16 | 9.24 | |||||||||||||||||||||||||
Price/Earnings (P/E) | ... | ... | 20.3 | 17.5 | 42.4 | 13.8 | 10.1 | |||||||||||||||||||||||
Price/Book Value (P/BV) | 0.694 | 0.854 | 1.10 | 1.12 | 1.20 | |||||||||||||||||||||||||
Dividend Yield | % | 0 | 1.62 | 3.32 | 4.46 | 4.42 | ||||||||||||||||||||||||
Earnings Per Share Growth | % | ... | 158 | 41.3 | -44.5 | 236 | 56.3 | |||||||||||||||||||||||
Book Value Per Share Growth | % | ... | 2.69 | -1.01 | 4.66 | 6.75 | 7.01 |
income statement | Unit | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | ||||||||||||||||||||||||||||||
Interest Income | DKK mil | 77,939 | 71,632 | 66,951 | 59,666 | 56,121 | ||||||||||||||||||||||||
Interest Cost | DKK mil | 42,985 | 38,200 | 32,344 | 26,333 | 23,791 | ||||||||||||||||||||||||
Net Interest Income | DKK mil | 34,954 | 33,432 | 34,607 | 33,333 | 32,330 | ||||||||||||||||||||||||
Net Fee Income | DKK mil | 8,233 | 8,790 | 9,815 | 10,679 | 10,147 | ||||||||||||||||||||||||
Other Income | DKK mil | 10,419 | 4,247 | 6,671 | 7,471 | 12,755 | ||||||||||||||||||||||||
Total Revenues | DKK mil | 53,606 | 46,469 | 51,093 | 51,483 | 55,232 | ||||||||||||||||||||||||
Operating Cost | DKK mil | 27,468 | 26,719 | 25,573 | 25,737 | 27,582 | ||||||||||||||||||||||||
Operating Profit | DKK mil | 26,138 | 19,750 | 25,520 | 25,746 | 27,650 | ||||||||||||||||||||||||
Provisions | DKK mil | 12,529 | 5,420 | 3,718 | -61.0 | -168 | ||||||||||||||||||||||||
Extra and Other Cost | DKK mil | 5,070 | 4,271 | 13,833 | 8,045 | 2,461 | ||||||||||||||||||||||||
Pre-Tax Profit | DKK mil | 8,539 | 10,059 | 7,969 | 17,762 | 25,357 | ||||||||||||||||||||||||
Tax | DKK mil | 3,814 | 2,944 | 4,019 | 4,639 | 5,499 | ||||||||||||||||||||||||
Minorities | DKK mil | 4.00 | 0 | 2.00 | 0 | 0 | ||||||||||||||||||||||||
Net Profit | DKK mil | 4,721 | 7,115 | 3,948 | 13,123 | 19,858 | ||||||||||||||||||||||||
Dividends | DKK mil | 0 | 2,017 | 5,547 | 8,069 | 8,853 | ||||||||||||||||||||||||
growth rates | ||||||||||||||||||||||||||||||
Net Interest Income Growth | % | ... | 4.84 | -4.35 | 3.51 | -3.68 | -3.01 | |||||||||||||||||||||||
Net Fee Income Growth | % | ... | 6.56 | 6.77 | 11.7 | 8.80 | -4.98 | |||||||||||||||||||||||
Total Revenue Growth | % | ... | 9.83 | -13.3 | 9.95 | 0.763 | 7.28 | |||||||||||||||||||||||
Operating Cost Growth | % | ... | 3.41 | -2.73 | -4.29 | 0.641 | 7.17 | |||||||||||||||||||||||
Operating Profit Growth | % | ... | 17.5 | -24.4 | 29.2 | 0.886 | 7.40 | |||||||||||||||||||||||
Pre-Tax Profit Growth | % | ... | 103 | 17.8 | -20.8 | 123 | 42.8 | |||||||||||||||||||||||
Net Profit Growth | % | ... | 176 | 50.7 | -44.5 | 232 | 51.3 |
balance sheet | Unit | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
balance sheet | ||||||||||||||||||||||||||||||
Cash | DKK mil | 97,267 | 43,721 | 33,876 | 76,837 | 53,211 | ||||||||||||||||||||||||
Interbank Loans | DKK mil | 420,834 | 369,793 | 353,933 | 291,548 | 445,033 | ||||||||||||||||||||||||
Customer Loans | DKK mil | 1,674,390 | 1,578,400 | 1,593,340 | 1,633,230 | 1,708,020 | ||||||||||||||||||||||||
Debt Securities | DKK mil | 515,792 | 611,304 | 664,065 | 559,308 | 531,519 | ||||||||||||||||||||||||
Fixed Assets | DKK mil | ... | 27,725 | 26,747 | 17,878 | 11,586 | 12,640 | |||||||||||||||||||||||
Total Assets | DKK mil | 3,484,950 | 3,227,060 | 3,453,020 | 3,292,880 | 3,483,670 | ||||||||||||||||||||||||
Shareholders' Equity | DKK mil | 138,004 | 145,657 | 152,383 | 160,830 | 166,615 | ||||||||||||||||||||||||
Of Which Minority Interest | DKK mil | 4.00 | 0 | 2.00 | 0 | 0 | ||||||||||||||||||||||||
Liabilities | DKK mil | 3,346,940 | 3,081,400 | 3,300,630 | 3,132,050 | 3,317,060 | ||||||||||||||||||||||||
Interbank Borrowing | DKK mil | 743,681 | 669,586 | 688,356 | 526,265 | 580,214 | ||||||||||||||||||||||||
Customer Deposits | DKK mil | 788,507 | 793,154 | 767,772 | 820,497 | 861,801 | ||||||||||||||||||||||||
Sight Deposits | DKK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||||
Term Deposits | DKK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||||
Issued Debt Securities | DKK mil | 1,022,120 | 990,592 | 1,027,200 | 1,037,600 | 1,082,030 | ||||||||||||||||||||||||
Other Liabilities | DKK mil | 792,642 | 628,068 | 817,304 | 747,684 | 793,011 | ||||||||||||||||||||||||
asset quality | ||||||||||||||||||||||||||||||
Non-Performing Loans | DKK mil | ... | ... | ... | ... | ... | ... | ... | ... | 92,345 | 85,129 | 72,003 | 56,181 | 45,954 | ||||||||||||||||
Gross Loans | DKK mil | 1,716,970 | 1,620,050 | 1,628,980 | 1,659,590 | 1,729,650 | ||||||||||||||||||||||||
Provisions | DKK mil | 12,529 | 5,420 | 3,718 | -61.0 | -168 | ||||||||||||||||||||||||
growth rates | ||||||||||||||||||||||||||||||
Customer Loan Growth | % | ... | -1.39 | -5.73 | 0.947 | 2.50 | 4.58 | |||||||||||||||||||||||
Total Asset Growth | % | ... | 1.77 | -7.40 | 7.00 | -4.64 | 5.79 | |||||||||||||||||||||||
Shareholders' Equity Growth | % | ... | 9.65 | 5.55 | 4.62 | 5.54 | 3.60 | |||||||||||||||||||||||
Customer Deposit Growth | % | ... | -0.851 | 0.589 | -3.20 | 6.87 | 5.03 |
ratios | Unit | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
ratios | ||||||||||||||||||||||||||||||
ROE | % | 3.58 | 5.02 | 2.65 | 8.38 | 12.1 | ||||||||||||||||||||||||
ROA | % | 0.137 | 0.212 | 0.118 | 0.389 | 0.586 | ||||||||||||||||||||||||
Costs (As % Of Assets) | % | 0.795 | 0.796 | 0.766 | 0.763 | 0.814 | ||||||||||||||||||||||||
Costs (As % Of Income) | % | 51.2 | 57.5 | 50.1 | 50.0 | 49.9 | ||||||||||||||||||||||||
Capital Adequacy Ratio | % | ... | 21.3 | 21.4 | 19.3 | 21.0 | 21.8 | |||||||||||||||||||||||
Tier 1 Ratio | % | ... | ... | ... | ... | ... | 18.9 | 19.0 | 16.7 | 18.5 | 19.1 | |||||||||||||||||||
Net Interest Margin | % | 1.01 | 0.996 | 1.04 | 0.988 | 0.954 | ||||||||||||||||||||||||
Interest Spread | % | ... | 0.962 | 0.946 | 0.991 | 0.950 | 0.919 | |||||||||||||||||||||||
Asset Yield | % | 2.26 | 2.13 | 2.00 | 1.77 | 1.66 | ||||||||||||||||||||||||
Cost Of Liabilities | % | ... | 1.29 | 1.19 | 1.01 | 0.819 | 0.738 | |||||||||||||||||||||||
Payout Ratio | % | 0 | 28.3 | 141 | 61.5 | 44.6 | ||||||||||||||||||||||||
Interest Income (As % Of Revenues) | % | 65.2 | 71.9 | 67.7 | 64.7 | 58.5 | ||||||||||||||||||||||||
Fee Income (As % Of Revenues) | % | 15.4 | 18.9 | 19.2 | 20.7 | 18.4 | ||||||||||||||||||||||||
Other Income (As % Of Revenues) | % | 19.4 | 9.14 | 13.1 | 14.5 | 23.1 | ||||||||||||||||||||||||
Equity (As % Of Assets) | % | 3.96 | 4.51 | 4.41 | 4.88 | 4.78 | ||||||||||||||||||||||||
Loans (As % Of Deposits) | % | 212 | 199 | 208 | 199 | 198 | ||||||||||||||||||||||||
Loans (As % Assets) | % | 48.0 | 48.9 | 46.1 | 49.6 | 49.0 | ||||||||||||||||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 5.38 | 5.25 | 4.42 | 3.39 | 2.66 | ||||||||||||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 46.1 | 48.9 | 49.5 | 46.9 | 47.1 | ||||||||||||||||
Provisions (As % Of Loans) | % | ... | ... | ... | ... | 2.54 | 2.64 | 2.24 | 1.61 | 1.27 | ||||||||||||||||||||
Cost of Provisions (As % Of Loans) | % | 0.743 | 0.333 | 0.234 | -0.004 | -0.010 |
other data | Unit | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
other data | ||||||||||||||||||||||||||||||
Employees | 20,308 | 19,122 | 18,478 | 19,049 | 19,303 | |||||||||||||||||||||||||
Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - November 19, 2019
Danske Bank's non-performing loans reached 1.75% of total loans at the end of 2019-09-30, up from 1.75% compared to the previous year. Historically, the NPL ratio hit an all time high of 12.7% in 2012-06-30 and an all time low of 1.70% in 2018-03-31. Provis...
By Helgi Library - November 19, 2019
Danske Bank stock traded at 95.3 per share at the end of third quarter of 2019 implying a market capitalization of USD 11,877 mil. Over the last five years, the stock has depreciated by 40.5 implying an annual average growth of -9.86% In absolute terms, th...
By Helgi Library - November 19, 2019
Danske Bank stock traded at 95.3 per share at the end of third quarter of 2019 implying a market capitalization of USD 11,877 mil. Over the last five years, the stock has depreciated by 40.5 implying an annual average growth of -9.86% In absolute terms, th...
By Helgi Library - November 19, 2019
Danske Bank stock traded at 95.3 per share at the end of third quarter of 2019 implying a market capitalization of USD 11,877 mil. Over the last five years, the stock has depreciated by -40.5 % implying an annual average growth of -9.86 %. In absolute terms, the value...
By Helgi Library - November 19, 2019
Danske Bank generated total banking revenues of DKK 12,886 mil in the third quarter of 2019, down 5.76% when compared to the same period of last year and 5.51% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...
By Helgi Library - November 19, 2019
Danske Bank made a net profit of DKK 3,011 mil under revenues of DKK 12,886 mil in the third quarter of 2019, up 20.9% and down 5.76% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...
By Helgi Library - November 19, 2019
Danske Bank stock traded at 95.3 per share at the end of third quarter of 2019 implying a market capitalization of USD 11,877 mil. Over the last five years, the stock has depreciated by -40.5 % implying an annual average growth of -9.86 %. In absolute terms, the value...
By Helgi Library - November 19, 2019
Danske Bank generated total banking revenues of DKK 12,886 mil in the third quarter of 2019, down 5.76% when compared to the same period of last year and 5.51% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...
By Helgi Library - November 19, 2019
Danske Bank made a net profit of DKK 3,011 mil under revenues of DKK 12,886 mil in the third quarter of 2019, up 20.9% and down 5.76% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...
By Helgi Library - November 19, 2019
Danske Bank stock traded at 95.3 per share at the end third quarter of 2019 implying a market capitalization of USD 11,877 mil. Since the end of 3Q2014, the stock has depreciated by -40.5 % implying an annual average growth of -9.86 %. In absolute terms, the value of ...
Danske Bank has been growing its revenues and asset by 1.32% and 0.097% a year on average in the last 10 years. Its loans and deposits have grown by -0.018% and 1.15% a year during that time and loans to deposits ratio reached 199% at the end of 2018. The company achieved an average return on equity of 6.00% in the last decade with net profit growing 30.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 49.1% in 2018, compared to 50.3% average in the last decade.
Equity represented 4.56% of total assets or 9.16% of loans at the end of 2018. Danske Bank's non-performing loans were 1.74% of total loans while provisions covered some 64.8% of NPLs at the end of 2018.
Danske Bank stock traded at 126 per share at the end of 2018 resulting in a market capitalization of USD 16,901 mil. Over the previous five years, stock price rose by 1.66% or 0.329% a year on average. That’s compared to an average ROE of 8.92% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 7.41x and price to book value (PBV) of 0.675x in 2018.