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Danske Bank shares up 7% on earnings beat, dividend

Danske Bank shares up 7% on earnings beat, dividend


Published on 2025-02-07 13:20:49 - Reuters
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  • Danske Bank beat forecasts for fourth-quarter profit on Friday, closing out a record year, and announced a share buyback plan and extraordinary dividends, sending its shares up 7%.

Danske Bank, Denmark's largest lender, reported a fourth-quarter net profit that exceeded expectations, with a net profit of 5.62 billion Danish crowns ($817.5 million), surpassing the 4.05 billion crowns anticipated by analysts. This performance was bolstered by higher interest rates which significantly increased total income by 37% to 14.67 billion crowns. Despite this, the bank set aside 750 million crowns for potential loan losses, reflecting caution due to economic uncertainties. Additionally, Danske Bank announced a share buyback program worth up to 5.5 billion crowns and proposed a final dividend of 7.5 crowns per share, indicating confidence in its financial health and future profitability. The bank also noted that while the economic outlook remains uncertain, it expects a slight increase in net profit for 2024.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/danske-bank-fourth-quarter-net-profit-beats-estimates-2025-02-07/ ]
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