profit from every NOK 100 of sales.
NOK 0NOK 100
DNB Bank
NOK 326.40+0.12% today
+18.9% in 1 year
1-year low NOK 274.501-year high NOK 326.70
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay NOK 10.64 for every NOK 1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What DNB Bank sold, what it kept, and what it did with the cash.
Sales went from NOK 65.4 billion in 2022 to NOK 89.4 billion in 2025, with NOK 43.5 billion of profit last year.
SalesProfit
DNB Bank handed back 43% of the cash it generated last year.
NOK 24.8B
Free cash flow 2025NOK 69.9B
Bought back its own sharesNOK 5.5B
Paid as dividendsNOK 24.8B
Cash vs. debtNOK 162.8B vs. NOK 938.4B
DNB Bank vs. similar companies
DNB Bank grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| DNB Bank | 10.6× · Cheap | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.5× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads DNB Bank's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 65,387 | 81,251 | 84,820 | 89,445 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 33,356 | 39,478 | 45,771 | 43,547 | |
| 21.02 | 24.83 | 29.34 | 28.45 | |
| – | – | – | – | |
| – | – | – | – | |
| 51.0% | 48.6% | 54.0% | 48.7% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 3,233,405 | 3,439,724 | 3,614,125 | 3,695,290 |
| Cash | 309,988 | 331,408 | 147,944 | 162,780 |
| Total debt | 838,674 | 952,367 | 1,014,425 | 938,409 |
| Total liabilities | 2,983,565 | 3,170,428 | 3,330,800 | 3,399,435 |
| 249,613 | 269,128 | 283,107 | 295,150 | |
| 1,550 | 1,537 | 1,495 | 1,474 | |
| – | – | – | – | |
| 13.4% | 14.7% | 16.2% | 14.8% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 8,952 | 4,124 | -156,444 | 72,590 | |
| 3,513 | 4,081 | 2,677 | 2,662 | |
| 5,439 | 43 | -159,121 | 69,928 | |
| Dividends paid | 15,116 | 19,316 | 24,153 | 24,835 |
| 15 | 6,916 | 7,101 | 5,527 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 10.6×
- –
- 1.00
- 1.5×
- 5.2×
- 9.4%
- 5.4%
Profitability
- 48.7%
- –
- –
- –
- –
Growth
- +11.0%
- +10.6%
- –
- −1.7%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 31%of 876
Top 39%of 879
Top 16%of 926
5.4%of the share price, paid each year
On $1,000 invested$54a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
57.0% of its profit
Room to growStretchedMore than it earns: 35.5%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about DNB Bank
Is DNB Bank a good stock to buy?
A strong, very profitable business, and the price looks low. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the DNB Bank AI analysis
What does DNB Bank do?
DNB Bank ASA provides financial services to individuals and businesses in Norway and internationally. It is in Banks - Regional, based in Oslo, Norway, with 11,182 employees.
Does DNB Bank pay a dividend?
Yes. At today's price the dividend is 5.4% a year, about 57% of its yearly profit. In 2025 it paid out NOK 24.8 billion in dividends.
Is DNB Bank stock halal?
No. DNB Bank does not pass our halal screen: its main business, banking, is not permitted. How we check
How has DNB Bank stock done over the past year?
Up 18.9% over the past twelve months, to NOK 326.40. It traded between NOK 274.50 and NOK 326.70, close to its high.
Who are DNB Bank's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with DNB Bank's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.