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Nordea

Nordea's net profit fell 146% yoy to EUR -332 mil in 3Q2019

By Helgi Library - November 18, 2019

Nordea made a net profit of EUR -332 mil under revenues of EUR 2,292 mil in the third quarter of 2019, down 146% and up ...

Nordea's net profit fell 146% yoy to EUR -332 mil in 3Q2019

By Helgi Library - November 18, 2019

Nordea made a net profit of EUR -332 mil under revenues of EUR 2,292 mil in the third quarter of 2019, down 146% and up ...

Nordea's price/earnings (P/E) fell 251% yoy to -19.8 in 3Q2019

By Helgi Library - November 18, 2019

Nordea stock traded at EUR 6.51 per share at the end third quarter of 2019 implying a market capitalization of USD 28,624 mil. Since th...

Profit Statement Mar 2019 Jun 2019 Sep 2019
Net Interest Income EUR mil 1,056 1,071 1,083
Net Fee Income EUR mil 737 743 756
Other Income EUR mil 621 534 453
Total Revenues EUR mil 2,414 2,348 2,292
Operating Profit EUR mil 962 1,168 1,131
Provisions EUR mil 42.0 61.0 331
Net Profit EUR mil 443 681 -332
Balance Sheet Mar 2019 Jun 2019 Sep 2019
Interbank Loans EUR mil 59,444 56,476 63,012
Customer Loans EUR mil 300,577 299,783 299,568
Total Assets EUR mil 590,173 582,875 585,855
Shareholders' Equity EUR mil 30,495 31,054 30,537
Interbank Borrowing EUR mil 61,334 53,153 45,308
Customer Deposits EUR mil 166,585 166,943 168,326
Issued Debt Securities EUR mil 204,801 199,665 200,766
Ratios Mar 2019 Jun 2019 Sep 2019
ROE % 5.59 8.85 -4.31
ROA % 0.310 0.464 -0.227
Costs (As % Of Assets) % 1.02 0.805 0.795
Costs (As % Of Income) % 60.1 50.3 50.7
Capital Adequacy Ratio % 19.5 19.8 20.0
Net Interest Margin % 0.740 0.730 0.741
Loans (As % Of Deposits) % 180 180 178
NPLs (As % Of Loans) % 1.51 1.49 1.55
Provisions (As % Of NPLs) % 44.8 43.5 46.7
Valuation Mar 2019 Jun 2019 Sep 2019
Price/Earnings (P/E) 15.4 9.45 -19.8
Price/Book Value (P/BV) 0.897 0.829 0.861
Dividend Yield % 0 0 0
Earnings Per Share (EPS) 0.439 0.676 -0.329
Book Value Per Share 7.56 7.70 7.57
Dividend Per Share 0 0 0

Get all company financials in excel:

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income statement Unit Nov 2024 Sep 2019
income statement    
Interest Income EUR mil ...  
Interest Cost EUR mil ...  
Net Interest Income EUR mil ...  
Net Fee Income EUR mil ...  
Other Income EUR mil ...  
Total Revenues EUR mil ...  
Operating Cost EUR mil ...  
Operating Profit EUR mil ...  
Provisions EUR mil ...  
Extra and Other Cost EUR mil ...  
Pre-Tax Profit EUR mil ...  
Tax EUR mil ...  
Minorities EUR mil ...  
Net Profit EUR mil ...  
growth rates    
Net Interest Income Growth % ...  
Net Fee Income Growth % ...  
Total Revenue Growth % ...  
Operating Cost Growth % ...  
Operating Profit Growth % ...  
Pre-Tax Profit Growth % ...  
Net Profit Growth % ...  
balance sheet Unit Nov 2024 Sep 2019
balance sheet    
Cash EUR mil ...  
Interbank Loans EUR mil ...  
Customer Loans EUR mil ...  
Mortgage Loans EUR mil ...  
Consumer Loans EUR mil ...  
Corporate Loans EUR mil ...  
Debt Securities EUR mil ...  
Fixed Assets EUR mil ...  
Total Assets EUR mil ...  
Shareholders' Equity EUR mil ...  
Of Which Minority Interest EUR mil ...  
Liabilities EUR mil ...  
Interbank Borrowing EUR mil ...  
Customer Deposits EUR mil ...  
Issued Debt Securities EUR mil ...  
Other Liabilities EUR mil ...  
asset quality    
Non-Performing Loans EUR mil ...  
Gross Loans EUR mil ...  
Provisions EUR mil ...  
growth rates    
Customer Loan Growth % ...  
Retail Loan Growth % ...  
Mortgage Loan Growth % ...  
Consumer Loan Growth % ...  
Corporate Loan Growth % ...  
Total Asset Growth % ...  
Shareholders' Equity Growth % ...  
Customer Deposit Growth % ...  
other data Unit Nov 2024 Sep 2019
other data    
Employees ...  

Get all company financials in excel:

Download Sample   $19.99

Nordea's price/earnings (P/E) fell 251% yoy to -19.8 in 3Q2019

By Helgi Library - November 18, 2019

Nordea stock traded at EUR 6.51 per share at the end third quarter of 2019 implying a market capitalization of USD 28,624 mil. Since the end of 3Q2014, the stock has depreciated by -36.8 % implying an annual average growth of -8.78 %. In absolute terms, the value of t...

Nordea's npls (as % of loans) fell 4.14% yoy to 1.55% in 3Q2019

By Helgi Library - November 18, 2019

Nordea's non-performing loans reached 1.55% of total loans at the end of 2019-09-30, down from 1.62% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.16% in 2013-06-30 and an all time low of 1.46% in 2011-06-30. Provision...

Nordea's npls (as % of loans) fell 4.14% yoy to 1.55% in 3Q2019

By Helgi Library - November 18, 2019

Nordea's non-performing loans reached 1.55% of total loans at the end of 2019-09-30, down from 1.62% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.16% in 2013-06-30 and an all time low of 1.46% in 2011-06-30. Provision...

Nordea's market capitalisation (end of period) fell 2.30% to USD 28,624 mil in 3Q2019

By Helgi Library - November 18, 2019

Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by 36.8 implying an annual average growth of -8.78% In absolute terms, th...

Nordea's market capitalisation (end of period) fell 2.30% to USD 28,624 mil in 3Q2019

By Helgi Library - November 18, 2019

Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by 36.8 implying an annual average growth of -8.78% In absolute terms, th...

Nordea's share price (end of period) fell 30.6% yoy to EUR 6.51 in 3Q2019

By Helgi Library - November 18, 2019

Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by -36.8 % implying an annual average growth of -8.78 %. In absolute terms, the value ...

Nordea's share price (end of period) fell 30.6% yoy to EUR 6.51 in 3Q2019

By Helgi Library - November 18, 2019

Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by -36.8 % implying an annual average growth of -8.78 %. In absolute terms, the value ...

Nordea's net interest margin fell 5.70% yoy to 0.741% in 3Q2019

By Helgi Library - November 18, 2019

Nordea's net interest margin amounted to 0.741% in the third quarter of 2019, up from 0.730% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 0.924% in 4Q2010 and an all time low of 0.696% i...

Nordea's net interest margin fell 5.70% yoy to 0.741% in 3Q2019

By Helgi Library - November 18, 2019

Nordea's net interest margin amounted to 0.741% in the third quarter of 2019, up from 0.730% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 0.924% in 4Q2010 and an all time low of 0.696% i...

Nordea's net interest income fell 3.56% yoy to EUR 1,083 mil in 3Q2019

By Helgi Library - November 18, 2019

Nordea generated total banking revenues of EUR 2,292 mil in the third quarter of 2019, up 1.78% when compared to the same period of last year and down 2.39% when compared to the previous quarter. Historically, the bank’s revenues containing of int...

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Finance

Nordea has been growing its revenues and asset by 0.747% and 1.52% a year on average in the last 10 years. Its loans and deposits have grown by 1.39% and 0.852% a year during that time and loans to deposits ratio reached 182% at the end of 2018. The company achieved an average return on equity of 10.5% in the last decade with net profit growing 1.43% a year on average. In terms of operating efficiency, its cost to income ratio reached 48.4% in 2018, compared to 47.0% average in the last decade.

Equity represented 5.97% of total assets or 11.3% of loans at the end of 2018. Nordea's non-performing loans were 1.56% of total loans while provisions covered some 44.2% of NPLs at the end of 2018.

Valuation

Nordea stock traded at EUR 7.27 per share at the end of 2018 resulting in a market capitalization of USD 33,582 mil. Over the previous five years, stock price fell by 25.9% or 5.83% a year on average. That’s compared to an average ROE of 10.5% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 9.53x and price to book value (PBV) of 0.891x in 2018.