DNB Bank: Earnings Normalization Creates Attractive Entry Point

DNB Bank reported robust Q1 results, with net profit down 10% to 9.9 billion NOK due to compressed net interest margins. Despite a 7–16 bps drop in net interest margin, DNB's strong CET1 ratio of 18.1% highlights balance sheet resilience. The board approved a share buyback program for 3.5% of shares, supporting EPS and dividend growth.