Ahead of Q4 we’ve made some minor adjustments to our NII estimates for 2026/2027 (slightly positive), though we still expect growth to be offset by margin pressure due to rate cuts and tough competition in the coming quarters. Our FY26-27 EPS estimates are lifted 1% to NOK 26.5/27.3 while we model a DPS of NOK 17.5/18.0/18.5 for FY25/26/27. For Q4 we model an EPS of NOK 7.0 vs cons 6.8 – with the deviation mainly 1% higher NII and expectations of a good trading line. While it’s difficult to argu ....
