Last kr105.00 DKK
Change Today +1.50 / 1.45%
Volume 934.0
BNORDIK On Other Exchanges
Symbol
Exchange
Copenhagen
As of 11:02 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

banknordik p/f (BNORDIK) Snapshot

Open
kr105.50
Previous Close
kr103.50
Day High
kr105.50
Day Low
kr103.00
52 Week High
01/9/14 - kr134.50
52 Week Low
11/10/14 - kr96.50
Market Cap
1.1B
Average Volume 10 Days
1.9K
EPS TTM
kr9.86
Shares Outstanding
10.0M
EX-Date
03/24/14
P/E TM
10.6x
Dividend
kr1.50
Dividend Yield
1.43%
Current Stock Chart for BANKNORDIK P/F (BNORDIK)

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banknordik p/f (BNORDIK) Details

BankNordik P/F provides various banking and insurance services for individual, commercial, and corporate customers in Faroe Islands, Denmark, Iceland, and Greenland. The company operates through Banking, Non-life insurance, and Other segments. It offers retail, corporate, and investment banking services, as well as asset management services; non-life insurance products, such as property and casualty products; and real estate agency services. The company was founded in 1906 and is headquartered in Tórshavn, Denmark.

513 Employees
Last Reported Date: 11/6/14
Founded in 1906

banknordik p/f (BNORDIK) Top Compensated Officers

Chief Executive Officer and Member of Executi...
Total Annual Compensation: kr2.8M
Deputy Chief Executive Officer, Managing Dire...
Total Annual Compensation: kr1.9M
Compensation as of Fiscal Year 2013.

banknordik p/f (BNORDIK) Key Developments

BankNordik P/F Announces Consolidated Earnings Results for the Third Quarter and Nine Months of 2014 and Parent Earnings Results for the Nine Months of 2014; Provides Earnings Guidance for 2014; Announces Impairment Charges for the Third Quarter of 2014

BankNordik P/F announced consolidated and parent earnings results for the third quarter and nine months of 2014. For the nine months, on the consolidated basis, the company reported net interest income of DKK 383 million against DKK 441 million a year ago. Operating income was DKK 596 million against DKK 640 million a year ago. Profit before impairment charges was DKK 184 million against DKK 201 million a year ago. Operating profit was DKK 128 million against DKK 93 million a year ago. Profit before tax was DKK 134 million against DKK 124 million a year ago. Net profit was DKK 102,554,000 against DKK 97,656,000 a year ago. EPS diluted for the period were DKK 10.40 against DKK 9.90 a year ago. Cash flow from operations was DKK 450,701,000 against cash outflow from operations of DKK 280,682,000 a year ago. Acquisition of tangible assets was DKK 74,510,000 against DKK 22,550,000 a year ago. Return on equity after tax was 4.7%. Book value per share was DKK 225. For the quarter, on the consolidated basis, the company reported net interest income of DKK 125 million against DKK 143 million a year ago. Operating income was DKK 201 million against DKK 203 million a year ago. Profit before impairment charges was DKK 70 million against DKK 62 million a year ago. Operating profit was DKK 53 million against DKK 30 million a year ago. Profit before tax was DKK 49 million against DKK 47 million a year ago. Net profit was DKK 38,547,000 against DKK 32,175,000 a year ago. EPS diluted for the period were DKK 3.9 against DKK 3.3 a year ago. Return on equity after tax was 1.8% against 1.5% a year ago. For the nine months, on the parent basis, the company reported net interest income of DKK 373,832,000 against DKK 431,344,000 a year ago. Net interest and fee income was DKK 519,265,000 against DKK 566,775,000 a year ago. Profit before tax was DKK 130,093,000 against DKK 117,722,000 a year ago. Net profit was DKK 102,554,000 against DKK 97,656,000 a year ago. For 2014, the company expects pre-tax profit before value adjustments and impairments to the DKK 220 million to DKK 240 million range instead of the DKK 200 million to DKK 240 million range as reported in the annual report of 2013. For the third quarter, the company announced impairment charges of DKK 17 million against DKK 32 million a year ago.

BankNordik P/F Reports Earnings Results for the Second Quarter and Half Year of 2014; Provides Earnings Guidance for the Full Year of 2014; Reports Impairment Charges for the Second Quarter of 2014

BankNordik P/F reported earnings results for the second quarter and half year of 2014. For the second quarter, the company reported net interest income of DKK 126 million compared to DKK 151 million a year ago. Operating income was DKK 205 million compared to DKK 231 million a year ago. Profit before tax was DKK 54 million compared to DKK 63 million a year ago. Operating profit was DKK 44 million compared to DKK 62 million a year ago. Return on equity after tax was 1.8% compared to 2.5% a year ago. For the half year, the company reported net interest income of DKK 258 million compared to DKK 298 million a year ago. Operating income was DKK 395 million compared to DKK 436 million a year ago. Profit before tax was DKK 85 million compared to DKK 77 million a year ago. Operating profit was DKK 75 million compared to DKK 62 million a year ago. Profit before tax and after impairment charges, non-recurring items and value adjustments was DKK 85 million, as against DKK 77 million in the first half of 2013. Return on equity after tax was 3.0%. Cash flow from operations was DKK 699,754,000 compared to negative cash flow of DKK 272,207,000 a year ago. Acquisition of tangible assets was DKK 57,406,000 compared to DKK 4,904,000 a year ago. The company provided earnings Guidance for the full year of 2014. For the period, the company expects to generate profit before impairment charges, non-recurring items, value adjustments and tax of DKK 200 million to DKK 240 million. The company reported impairment charges for the second quarter of 2014. For the period, the company reported impairment charges, net, amounted to DKK 19 million compared to DKK 21 million in first quarter of 2014.

BankNordik P/F Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year of 2014; Announces Impairment Charges for the First Quarter of 2014

BankNordik P/F reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2014. For the quarter, on consolidated basis, the company's interest income was DKK 164,823,000 against DKK 189,037,000 a year ago. Net interest income was DKK 132,877,000 against DKK 146,780,000 a year ago. Net interest and fee income was DKK 179,124,000 against DKK 191,264,000 a year ago. Profit before tax was DKK 30,702,000 against DKK 13,370,000 a year ago. Net profit was DKK 24,124,000 against DKK 13,200,000 a year ago. Portion attributable to shareholders of the company were DKK 24,124,000 or DKK 2.45 diluted per share against DKK 13,200,000 or DKK 1.34 diluted per share a year ago. Cash flow from operations was DKK 599,172,000 against DKK 106,703,000 a year ago. Acquisition of intangible assets was DKK 30,897,000 against DKK 519,000 a year ago. Book value was DKK 217 per share against DKK 209 per share a year ago. Return on equity after tax was 1.1% against 0.6% a year ago. For the quarter, on parent basis, the company’s interest income was DKK 161,737,000 against DKK 186,048,000 a year ago. Net interest income was DKK 129,646,000 against DKK 143,584,000 a year ago. Net interest and fee income was DKK 176,590,000 against DKK 188,458,000 a year ago. Profit before tax was DKK 32,197,000 against DKK 12,151,000 a year ago. Net profit was DKK 24,124,000 against DKK 13,200,000 a year ago. The management of the bank maintains the expectations for the full year of 2014 as reported in the annual report 2013 of a pre-tax profit before value adjustments and impairments in the DKK 200 million to DKK 240 million range. The company announced net impairment charges amounted to DKK 21 million in first quarter of 2014.

 

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Valuation BNORDIK Industry Range
Price/Earnings 10.3x
Price/Sales 1.4x
Price/Book 0.5x
Price/Cash Flow 10.4x
TEV/Sales NM Not Meaningful
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