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27 Apr 2023
Arctic FLASH: DNB - CORRECTION: Q1 ROE of 17.2%, applied for 2.5% in share buybacks
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Arctic FLASH: DNB - CORRECTION: Q1 ROE of 17.2%, applied for 2.5% in share buybacks
Corrected share price currency and front page financials summaryEPS NOK 6.6 vs ARCe/cons NOK 5.9/5.7. ROE 17.2%NII in line, up 4% q/q and with decent underlying growthBeat vs consensus driven by trading and net loan loss reversalsCET 1 ratio 18.6%, has applied FSAfor 2.5% share buybacksOverall a strong report, though not a high quality beat