Dnb Bank Asa · OSL:DNB

Dnb Bank Asa — Q3 2026 Earnings Presentation

20 slides from Dnb Bank Asa's earnings presentation, Oct 21, 2026

  1. Slide 1: Results DNB Group Third quarter 2026

    Results DNB Group Third quarter 2026 Kjerstin R. Braathen (CEO) Rasmus T. Figenschou (CFO) Q3 21 October 2026

  2. Slide 2: Committed to delivering customer value: selected highlights

    Committed to delivering customer value: selected highlights Implementing AI-driven KYC Another quarter with a record-high processes, enabling better customer overall customer satisfaction score experiences, with fewer interactions, (CSI) for SMEs in Norway higher quality and less manual work DNB Car

  3. Slide 3: Strong third quarter result

    Strong third quarter result Strong performance Return on equity (ROE) of 14.5 per cent in the quarter NOK billion, per cent Adjusted for Luminor sale – ROE of 15.5 per cent. 80.0 20.0 14.9 18.0 70.0 16.0 51.6 60.0 10.8 Net interest income up 2.5 per cent from 2Q26 14.0 Profitable loan growth across

  4. Slide 4: Strong macroeconomic backdrop

    Strong macroeconomic backdrop  Mainland GDP growth expected to remain around 1.5 per cent from 2027 – balanced labour market with low unemployment continues  Core inflation expected to remain above target, but trend downwards – solid household economy supported by continued real wage growth  Key

  5. Slide 5: Strong and diversified product offering

    Strong and diversified product offering  Profitable lending growth in all segments – YoY lending growth 5.0 per cent  Strong DNB Carnegie results – income up 16.8 per cent from 3Q25 reflecting high activity across ECM, DCM and M&A  All-time high income in Wealth Management – up 20.4 per cent from

  6. Slide 6: Profitable lending growth in the quarter

    Profitable lending growth in the quarter  Currency-adjusted lending growth of 1.2 per cent in the quarter (unadjusted 0.2 per cent) ‒ up 0.4 per cent in PC, 0.8 per cent in CCN and 3.4 per cent in LCIC  Currency-adjusted deposits down 1.9 per cent in the quarter (unadjusted down 3.0 per cent) ‒ do

  7. Slide 7: Positive development in net interest margin

    Positive development in net interest margin Net interest margin1 Spreads in customer segments Per cent Per cent 1.72 1.73 1.62 1.65 1.66 1.61 1.52 1.90 1.94 1.90 1.85 1.80 1.81 1.39 1.39 1.36 1.35 1.74 1.35 1.33 1.70 1.71 1.29 1.30 1.24 1.18 1.20 1.07 1.03 1.02 1.03 0.95 0.90 0.87 0.84 0.86 3Q24 4Q2

  8. Slide 8: Net interest income up 2.5 per cent

    Net interest income up 2.5 per cent  Partial impact of customer repricing effective 12 July  Following Norges Bank’s rate hike of 25 basis points in September, DNB announced customer repricing, effective 29 November Net interest income NOK million 1 115 15,504 71 58 173 (45) 15,132 2Q26 Spreads In

  9. Slide 9: Strong contribution from commissions and fees

    Strong contribution from commissions and fees – up 14.6 per cent from corresponding quarter last year Commissions and fees NOK million / Change in per cent from 3Q25 4,569 4,489 -7% Real estate broking Lower market activity. 357 267 3,916 289 Investment banking services +39% Strong results within co

  10. Slide 10: Delivering improved cost efficiency

    Delivering improved cost efficiency – supported by seasonality and market-driven pension effects Operating expenses NOK million 8,989 51 (86) (70) 8,634 (190) (60) 2Q26 IT Fixed salaries Variable salaries Closed Other 3Q26 defined-benefit 1 pension scheme 1. The closed defined-benefit pension scheme

  11. Slide 11: Robust and well-diversified portfolio – 99.4 per cent in stages 1 and 2

    Robust and well-diversified portfolio – 99.4 per cent in stages 1 and 2  Personal customer portfolio – continued strong credit quality  Corporate customer portfolio – increase in stage 3 impairment provisions relating to customer-specific events Impairment of financial instruments by customer segm

  12. Slide 12: Continued strong capital position

    Continued strong capital position  CET1 capital ratio of 17.3 per cent ~100-basis-points headroom to FSA current expectation  Solid profit generation offset by increased risk exposure amount due to volume growth  Announcing new share buy-back programme of 0.75 per cent today – following completio

  13. Slide 13: Robust third quarter results

    Robust third quarter results Return on equity Cost/income ratio Earnings per share Per cent Per cent NOK 15.8 15.51 40.3 39.8 14.6 37.4 14.5 6.98 7.071 6.50 6.57 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 1. Adjusted for sale of Luminor – return on equity: 15.5 per cent, earnings per share: NOK 7.

  14. Slide 14: Capital Markets Day

    Welcome to Capital Markets Day London, 10 November 2026 12:00 GMT

  15. Slide 15: Appendix

    Appendix

  16. Slide 16: Income statement

    Income statement Change Change NOK million 3Q26 2Q26 3Q25 from 2Q26 from 3Q25 Net interest income 15,504 15,132 15,990 372 (486) Other operating income 6,189 7,191 6,700 (1,002) (511) Total income 21,693 22,323 22,691 (630) (998) Operating expenses (8,634) (8,989) (8,483) 355 (151) Pre-tax operating

  17. Slide 17: Other operating income

    Other operating income Change Change NOK million 3Q26 2Q26 3Q25 from 2Q26 from 3Q25 Net commissions and fees 4,489 4,569 3,916 (80) 573 Customer revenues in DNB Carnegie 821 897 700 (76) 121 Trading revenues in DNB Carnegie 82 48 97 35 (14) Hedging of defined-benefit pension scheme 35 155 91 (120) (

  18. Slide 18: Disclaimer

    DISCLAIMER CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The statements contained in this presentation may include forward-looking statements, such as statements of future expectations. These statements are based on the management’s current views and assumptions and involve both known and unk

  19. Slide 19: Q&A

    Q&A

  20. Slide 20: Slide 20

DNB Bank — Q3 2026 Earnings Presentation on 6ix