Financial Ratios Danske Bank A/S

Equities

DANSKE

DK0010274414

Banks

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Published financial data: DANSKE BANK A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest Income On Loans	23.22B	22.08B	31.7B	60.84B	63.02B
Interest Income On Investments	41.13B	35.6B	47.57B	18.75B	17.5B
Interest Income, Total	64.35B	57.68B	79.27B	79.59B	80.53B
Interest On Deposits	36.23B	30.9B	51.24B	47.32B	43.83B
Interest Expense, Total	36.23B	30.9B	51.24B	47.32B	43.83B
Net Interest Income	28.12B	26.77B	28.03B	32.27B	36.7B
Income From Trading Activities	22.55B	36.6B	-32.98B	6.59B	2.67B
Gain (Loss) on Sale of Assets	-155M	180M	1.42B	-555M	244M
Income (Loss) on Equity Invest. (Income Block)	-93M	-6M	9M	-110M	-257M
Total Other Non Interest Income	-4.19B	-15.98B	49.44B	17.66B	17.05B
Non Interest Income, Total	18.11B	20.8B	17.89B	23.58B	19.71B
Revenues Before Provison For Loan Losses	46.23B	47.57B	45.91B	55.85B	56.4B
Provision For Loan Losses	7.09B	141M	1.5B	262M	-543M
Total Revenues	39.14B	47.43B	44.41B	55.59B	56.95B
Salaries And Other Employee Benefits	16.1B	15.96B	15.96B	15.56B	15.44B
Stock-Based Compensation (IS)	108M	148M	57M	172M	203M
Occupancy Expense	6.44B	5.97B	5.6B	5B	1.74B
Selling General & Admin Expenses, Total	9.8B	8.7B	9.63B	8.16B	8.29B
Total Other Non Interest Expense	-	-	-64M	-	2M
Non Operating (Income) Expenses	-	-	13.8B	-	-
Non Interest Expense, Total	32.44B	30.79B	44.98B	28.88B	25.68B
EBT, Excl. Unusual Items	6.7B	16.64B	-575M	26.71B	31.27B
Impairment of Goodwill	-	-	-1.63B	-	-
Asset Writedown	-393M	-71M	-82M	-26M	-61M
EBT, Incl. Unusual Items	6.3B	16.57B	-2.28B	26.68B	31.21B
Income Tax Expense	1.72B	3.65B	2.78B	5.42B	7.58B
Earnings From Continuing Operations	4.59B	12.92B	-5.07B	21.26B	23.63B
Net Income to Company	4.59B	12.92B	-5.07B	21.26B	23.63B
Net Income - (IS)	4.59B	12.92B	-5.07B	21.26B	23.63B
Preferred Dividend and Other Adjustments	551M	451M	86M	-	-
Net Income to Common Incl Extra Items	4.04B	12.47B	-5.15B	21.26B	23.63B
Net Income to Common Excl. Extra Items	4.04B	12.47B	-5.15B	21.26B	23.63B
Per Share Items
Net EPS - Basic	4.73	14.61	-6.05	24.75	27.86
Basic EPS - Continuing Operations	4.73	14.61	-6.05	24.75	27.86
Basic Weighted Average Shares Outstanding	853M	853M	852M	859M	848M
Net EPS - Diluted	4.7	14.6	-6.05	24.7	27.8
Diluted EPS - Continuing Operations	4.7	14.6	-6.05	24.7	27.8
Diluted Weighted Average Shares Outstanding	853M	854M	852M	860M	850M
Normalized Basic EPS	4.91	12.19	-0.42	19.43	23.05
Normalized Diluted EPS	4.9	12.18	-0.42	19.41	23
Dividend Per Share	2	7.5	-	14.5	16.85
Payout Ratio	-	13.22	-33.64	28.27	54.07
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
Effective Tax Rate - (Ratio)	27.2	22.03	-121.89	20.31	24.3
Current Domestic Taxes	1.03B	2.01B	1.2B	4.85B	4.27B
Current Foreign Taxes	870M	1.78B	1.88B	1.61B	2.76B
Total Current Taxes	1.9B	3.79B	3.07B	6.46B	7.03B
Deferred Domestic Taxes	216M	84M	845M	29M	1.04B
Deferred Foreign Taxes	-450M	414M	400M	455M	4M
Total Deferred Taxes	-234M	498M	1.24B	484M	1.05B
Normalized Net Income	4.19B	10.4B	-359M	16.69B	19.55B
Non-Cash Pension Expense	134M	184M	190M	10M	42M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	108M	148M	57M	172M	203M
Total Stock-Based Compensation	108M	148M	57M	172M	203M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	86.32B	76.38B	64.11B	113B	142B
Investment Securities, Total	505B	520B	514B	461B	592B
Trading Asset Securities, Total	683B	510B	639B	548B	532B
Total investments	1,188B	1,030B	1,153B	1,009B	1,123B
Gross Loans	1,861B	1,856B	1,897B	1,737B	1,728B
Allowance For Loan Losses	-20.6B	-20.38B	-16.97B	-16.96B	-17B
Other Adjustments to Gross Loans	-	-	-74.72B	-49.87B	-36.19B
Net Loans	1,840B	1,836B	1,805B	1,670B	1,675B
Net Property Plant And Equipment	13.37B	12.5B	10.2B	11.43B	10.77B
Goodwill	6.13B	6.13B	4.43B	4.44B	4.44B
Other Intangibles, Total	2.66B	2.69B	2.38B	1.63B	2.3B
Investment in Real Estate	2.26B	2.26B	1.84B	157M	396M
Loans Held For Sale	416M	4.54B	-	110B	-
Accrued Interest Receivable	3.61B	3.45B	4.5B	7.26B	7.35B
Other Receivables	5.69B	5.54B	7.56B	10.38B	13.75B
Restricted Cash	315B	287B	168B	253B	101B
Other Current Assets, Total	14.36B	42.82B	17.4B	11.1B	38.12B
Deferred Tax Assets Long-Term (Collected)	754M	512M	969M	1.25B	1.03B
Other Real Estate Owned And Foreclosed	-	-	-	-	-
Other Long-Term Assets, Total	631B	627B	523B	568B	598B
Total Assets	4,109B	3,936B	3,763B	3,771B	3,716B
Liabilities
Accrued Expenses, Total	3.02B	1.99B	1.8B	1.18B	1.29B
Interest Bearing Deposits	1,278B	1,247B	1,239B	1,180B	1,171B
Total Deposits	1,278B	1,247B	1,239B	1,180B	1,171B
Short-Term Borrowings	613B	461B	582B	568B	513B
Current Portion of Long-Term Debt	229B	190B	193B	224B	219B
Long-Term Debt	1,042B	1,052B	911B	912B	936B
Long-Term Leases	4.76B	3.91B	2.74B	4.1B	3.79B
Current Income Taxes Payable	16M	70M	712M	450M	1.01B
Accrued Interest Payable	6.68B	5.84B	7.63B	12.9B	13.26B
Other Current Liabilities - (Bank / Utility Template)	145B	198B	164B	227B	157B
Pension & Other Post Retirement Benefits	642M	441M	366M	301M	275M
Deferred Tax Liability Non-Current	1.8B	1.79B	1.75B	1.11B	1.22B
Other Non Current Liabilities	616B	598B	499B	464B	524B
Total Liabilities	3,941B	3,759B	3,603B	3,595B	3,540B
Common Stock, Total	8.62B	8.62B	8.62B	8.62B	8.62B
Retained Earnings	152B	163B	156B	170B	170B
Comprehensive Income and Other	-696M	-578M	-4.16B	-2.94B	-3.37B
Total Common Equity	160B	171B	160B	176B	176B
Minority Interest	8.51B	5.5B	-	-	-
Total Equity	169B	177B	160B	176B	176B
Total Liabilities And Equity	4,109B	3,936B	3,763B	3,771B	3,716B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	854M	853M	851M	860M	834M
ECS Total Common Shares Outstanding	854M	853M	851M	860M	834M
Book Value / Share	187.63	200.63	188.4	204.4	210.7
Tangible Book Value	151B	162B	154B	170B	169B
Tangible Book Value Per Share	177.34	190.29	180.41	197.35	202.62
Total Debt	1,890B	1,707B	1,688B	1,708B	1,672B
Deposits at Interest - Cash	80.19B	69.61B	57.48B	106B	135B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.9B	-2.01B	-1.12B	-505M	-633M
Net Debt	913B	905B	775B	870B	676B
Equity Method Investments, Total	209M	206M	536M	612M	396M
Full Time Employees	22.38K	21.75K	21.02K	20.02K	19.92K
Number Of Offices	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	4.59B	12.92B	-5.07B	21.26B	23.63B
Depreciation, Depletion & Amortization	6.3B	4.88B	4.71B	4.24B	1.03B
Total Depreciation, Depletion & Amortization	6.3B	4.88B	4.71B	4.24B	1.03B
Total Asset Writedown	-	-	1.63B	-	-
Provision for Credit Losses	7.09B	141M	1.5B	262M	-544M
(Income) Loss On Equity Investments - (CF)	193M	-175M	-8M	110M	257M
Change in Other Net Operating Assets (Collected)	-21.53B	-14.84B	-95.77B	120B	-60.78B
Other Operating Activities	-3.19B	1.27B	13.39B	4.66B	-2.79B
Cash from Operations	-6.55B	4.19B	-79.62B	151B	-39.2B
Capital Expenditure	-408M	-686M	-826M	-841M	-990M
Sale of Property, Plant, and Equipment	12M	8M	4M	7M	-
Cash Acquisitions	-	-	-	-	-
Divestitures	5M	-	2.03B	45M	26M
Purchase / Sale of Intangible Assets	-872M	-885M	-560M	-540M	-1.27B
Cash from Investing	-1.26B	-1.56B	650M	-1.33B	-2.23B
Long-Term Debt Issued, Total	27.33B	14.45B	20.05B	22.42B	40.45B
Total Debt Issued	27.33B	14.45B	20.05B	22.42B	40.45B
Long-Term Debt Repaid, Total	-2.83B	-10.68B	-31.2B	-24.3B	-47.67B
Total Debt Repaid	-2.83B	-10.68B	-31.2B	-24.3B	-47.67B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-5.6B	-3B	-5.42B	-	-5.25B
Common Dividends Paid	-	-1.71B	-1.7B	-6.01B	-12.78B
Common & Preferred Stock Dividends Paid	-	-1.71B	-1.7B	-6.01B	-12.78B
Net Increase (Decrease) in Deposit Accounts - (CF)	193B	-41.75B	-29.74B	-9.49B	-53.26B
Special Dividend Paid	-	-	-	-	-5.43B
Other Financing Activities, Total	-625M	-466M	-164M	-	-
Cash from Financing	211B	-43.15B	-48.17B	-17.38B	-83.94B
Foreign Exchange Rate Adjustments	-2.24B	2.63B	-3.32B	794M	1.87B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	201B	-37.89B	-130B	133B	-124B
Supplemental Items
Cash Income Tax Paid (Refund)	4.32B	2.46B	3.02B	4.56B	10.34B
Net Debt Issued / Repaid	24.5B	3.77B	-11.15B	-1.88B	-7.22B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.12	0.32	-0.13	0.56	0.63
Return On Equity %	2.71	7.48	-3.01	12.66	13.45
Return on Common Equity	2.55	7.53	-3.11	12.66	13.45
Shareholders Value Added	-14.4B	-6.96B	-24.96B	1.1B	2.54B
Margin Analysis
SG&A Margin	82.61	64.6	70.24	51.65	44.72
Net Interest Income / Total Revenues %	71.84	56.45	63.11	58.05	64.44
EBT Excl. Non-Recurring Items Margin %	17.11	35.09	-1.29	48.04	54.92
Income From Continuing Operations Margin %	11.72	27.24	-11.41	38.25	41.49
Net Income Margin %	11.72	27.24	-11.41	38.25	41.49
Net Avail. For Common Margin %	10.32	26.29	-11.61	38.25	41.49
Normalized Net Income Margin	10.69	21.93	-0.81	30.03	34.32
Asset quality
Nonperforming Loans / Total Loans %	1.77	1.53	1.7	1.88	1.65
Nonperforming Loans / Total Assets %	0.8	0.72	0.86	0.87	0.77
Nonperforming Assets / Total Assets %	0.8	0.72	0.86	0.87	0.77
NPAs / Loans and OREO	1.78	1.53	1.7	1.88	1.65
NPAs / Equity	19.6	16.1	20.1	18.61	16.24
Allowance for Credit Losses / Net Charge-offs %	439.59	999.56	351.15	27.36K	-11.56K
Allowance for Credit Losses / Nonperforming Loans %	62.38	71.64	52.66	51.9	59.58
Allowance for Credit Losses / Total Loans %	1.11	1.1	0.89	0.98	0.98
Provision for Loan Losses / Net Charge-offs %	151.28	6.92	31.08	422.58	369.39
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.02	4.12	4.31	4.44	4.72
Total Average Equity / Total Average Assets %	4.31	4.29	4.38	4.44	4.72
Total Equity + Allowance for Loan Losses / Total Loans %	9.72	10.32	9.35	11.09	11.15
Gross Loans / Total Deposits %	145.56	148.86	153.11	147.18	147.52
Net Loans / Total Deposits %	143.95	147.23	145.71	141.52	142.98
Tier 1 Capital Ratio %	20.5	20	19.6	20.5	19.1
Total Capital Ratio %	23	22.4	22.1	23.1	22.4
Core Tier 1 Capital Ratio	18.3	17.7	17.8	18.8	17.8
Tier 2 Capital Ratio	2.44	2.43	2.48	2.51	3.26
Coverage Ratio	42.12	43.52	52.66	51.9	59.58
Interbank Ratio	82.75	97.36	118.45	108.82	158.96
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.17	1.54	0.96	1.56	1.71
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	0.81	-4.78	4.68	27.29	4.93
Non Interest Income, 1 Yr. Growth %	-10.43	14.81	-13.99	17.14	12.94
Provision For Loan Losses, 1 Yr. Growth %	310.01	-98.01	965.25	-82.56	-307.25
Total Revenues, 1 Yr. Growth %	-15.62	21.17	-6.36	26.4	9.18
Earnings From Cont. Operations, 1 Yr. Growth %	-69.55	181.54	-139.23	-564.24	11.13
Net Income, 1 Yr. Growth %	-69.55	181.54	-139.23	-564.24	11.13
Normalized Net Income, 1 Yr. Growth %	-57.55	148.5	-103.46	-92.2K	17.09
Diluted EPS Before Extra, 1 Yr. Growth %	-71.86	210.64	-141.45	-554.37	12.55
Dividend Per Share, 1 Yr. Growth %	-	275	-	-	16.21
Gross Loans, 1 Yr. Growth %	0.78	-0.24	2.2	-8.43	-0.69
Allowance For Loan Losses, 1 Yr. Growth %	6.95	-1.06	-16.73	-0.04	0.18
Net Loans, 1 Yr. Growth %	0.71	-0.24	-1.66	-7.48	0.09
Non Performing Loans, 1 Yr. Growth %	-7.82	-13.84	-31.2	1.43	-2.2
Non Performing Assets, 1 Yr. Growth %	-7.75	-13.92	-31.21	1.47	-2.21
Total Assets, 1 Yr. Growth %	9.26	-4.22	-4.39	-0.52	-0.36
Total Deposits, 1 Yr Growth %	22.33	-2.46	-0.64	-4.73	1.46
Tangible Book Value, 1 Yr. Growth %	2.91	7.27	-5.46	10.01	-0.43
Common Equity, 1 Yr. Growth %	2.5	6.89	-6.36	9.65	-0.03
Total Equity, 1 Yr. Growth %	-1.07	4.76	-9.27	9.65	-0.03
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	-1.57	-2.02	-0.16	9.78	20.31
Non Interest Income, 2 Yr. CAGR %	0.52	1.41	-0.63	6.49	-1.06
Provision For Loan Losses, 2 Yr. CAGR %	327.99	-71.44	-53.97	36.31	-39.87
Total Revenues, 2 Yr. CAGR %	-9.06	1.12	6.52	8.26	13.79
Earnings From Cont. Operations, 2 Yr. CAGR %	-44.43	-7.41	5.09	28.28	127.14
Net Income, 2 Yr. CAGR %	-44.43	-7.41	5.09	28.28	127.14
Normalized Net Income, 2 Yr. CAGR %	-41.14	2.7	-70.7	26.68	3.18K
Diluted EPS Before Extra, 2 Yr. CAGR %	-46.07	-6.5	13.48	30.07	126.14
Dividend Per Share, 2 Yr. CAGR %	-51.49	-	-	39.04	-
Gross Loans, 2 Yr. CAGR %	1.64	0.27	0.97	-3.26	-4.56
Allowance For Loan Losses, 2 Yr. CAGR %	3.86	2.87	-9.23	-8.77	0.07
Net Loans, 2 Yr. CAGR %	1.61	0.24	-0.95	-4.62	-3.68
Non Performing Loans, 2 Yr. CAGR %	2.57	-10.88	-1.21	-16.47	-5.92
Non Performing Assets, 2 Yr. CAGR %	2.59	-10.89	-1.26	-16.45	-5.9
Total Assets, 2 Yr. CAGR %	7.16	2.3	-4.31	-2.12	-0.99
Total Deposits, 2 Yr CAGR %	13.36	9.24	-1.55	-2.71	-2.76
Tangible Book Value, 2 Yr. CAGR %	4.83	5.07	0.7	2.22	4.66
Common Equity, 2 Yr. CAGR %	3.69	4.67	0.05	1.31	4.7
Total Equity, 2 Yr. CAGR %	1.64	1.8	-2.51	-0.27	4.7
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	-1.99	-2.65	0.16	4.7	11.08
Non Interest Income, 3 Yr. CAGR %	-4.14	5.08	-4.01	9.2	-1.77
Provision For Loan Losses, 3 Yr. CAGR %	64.86	-28.58	-4.58	-66.69	56.74
Total Revenues, 3 Yr. CAGR %	-9.04	0.07	-1.44	12.41	6.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-39.67	-4.56	-30.46	66.71	22.29
Net Income, 3 Yr. CAGR %	-39.67	-4.56	-30.46	66.71	22.29
Normalized Net Income, 3 Yr. CAGR %	-36.48	-4.87	-66.85	58.58	23.4
Diluted EPS Before Extra, 3 Yr. CAGR %	-40.19	-3.33	-28.7	73.86	23.95
Dividend Per Share, 3 Yr. CAGR %	-41.52	-4.09	-	93.54	30.97
Gross Loans, 3 Yr. CAGR %	2.11	1	0.9	-2.27	-2.36
Allowance For Loan Losses, 3 Yr. CAGR %	0.89	2.19	-4.13	-6.27	-5.88
Net Loans, 3 Yr. CAGR %	2.12	0.99	-0.4	-3.18	-3.01
Non Performing Loans, 3 Yr. CAGR %	-1.43	-3.22	-3.47	-0.34	-15.24
Non Performing Assets, 3 Yr. CAGR %	-1.47	-3.24	-3.48	-0.36	-15.23
Total Assets, 3 Yr. CAGR %	5.1	3.22	0.02	-2.82	-1.9
Total Deposits, 3 Yr CAGR %	7.33	7.82	5.84	-2.63	-2.06
Tangible Book Value, 3 Yr. CAGR %	1.04	5.64	1.43	3.87	1.33
Common Equity, 3 Yr. CAGR %	1.34	4.75	0.86	3.14	0.86
Total Equity, 3 Yr. CAGR %	0.08	2.67	-2.03	1.38	-0.19
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	-3.35	-3.7	-1.26	2.14	5.64
Non Interest Income, 5 Yr. CAGR %	5.78	3.71	-2.75	5.64	-0.51
Provision For Loan Losses, 5 Yr. CAGR %	158.85	-3.44	-1.03	-7.51	-20.68
Total Revenues, 5 Yr. CAGR %	-3.62	-0.98	-3.11	3.27	4.19
Earnings From Cont. Operations, 5 Yr. CAGR %	-18.95	-8.24	-24.68	7.42	9.41
Net Income, 5 Yr. CAGR %	-18.95	-8.24	-24.68	7.42	9.41
Normalized Net Income, 5 Yr. CAGR %	-21.29	-7.95	-53.39	6.68	14.66
Diluted EPS Before Extra, 5 Yr. CAGR %	-17.97	-6.15	-22.73	8.85	10.73
Dividend Per Share, 5 Yr. CAGR %	-24.21	-3.58	-	11.27	-
Gross Loans, 5 Yr. CAGR %	2.26	1.38	1.65	-0.72	-1.32
Allowance For Loan Losses, 5 Yr. CAGR %	-7.69	-4.35	-3.29	-2.34	-2.47
Net Loans, 5 Yr. CAGR %	2.41	1.45	0.88	-1.29	-1.73
Non Performing Loans, 5 Yr. CAGR %	-10.08	-9.14	-1.34	0.81	-4.46
Non Performing Assets, 5 Yr. CAGR %	-10.21	-9.2	-1.39	0.81	-4.45
Total Assets, 5 Yr. CAGR %	4.53	2.47	1.23	1.05	-0.24
Total Deposits, 5 Yr CAGR %	6.86	5.19	3.69	3.48	2.31
Tangible Book Value, 5 Yr. CAGR %	1.15	2.22	0.91	4.26	2.81
Common Equity, 5 Yr. CAGR %	1.39	2.37	0.82	3.36	2.37
Total Equity, 5 Yr. CAGR %	0.96	1.18	-0.96	1.48	0.6