WinstonWınston
Back
DNB Bank ASA logo

DNB Bank ASA

DNBBY
32
Banks - Regional · Financial Services
Price
$34.06
+0.42 (+1.26%)
Market Cap
$48.83B
Exchange
Other OTC
Winston Score
32
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 31, 2026 · filings through Jun 30, 2026
How the score breaks down
Growth
Weak
Valuation
Good
Dividends
Exceptional

Share count falling — buybacks

5.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.55B (2021) → 1.47B (2025)

Winston Score History

The full picture

DNB Bank ASA is a leading financial institution, offering a broad spectrum of services to individual consumers, businesses, and institutional clients, both within Norway and across international markets. For its personal banking customers, the company provides a comprehensive suite of products, including various savings and investment vehicles, alongside diverse lending solutions such as home mortgages, auto loans, and personal consumer credit. Its insurance offerings are extensive, covering everything from pet and travel insurance to policies for homes, properties, personal liability, and vehicles. DNB also assists with retirement savings planning, facilitates foreign exchange and treasury activities, and ensures convenient access through robust internet and mobile banking platforms, complemented by a range of card services. In the realm of business banking, DNB offers sophisticated solutions encompassing specialized savings and investment instruments like savings accounts, fixed-rate deposits, exchange-traded products, bonds, commercial papers, and comprehensive asset and equity management services. Financing options are varied, spanning installment loans, overdraft facilities, bank guarantees, leasing, factoring, and both trade and export finance. Core transaction banking services are also fundamental offerings. Beyond standard banking, DNB maintains a strong presence in investment banking, specializing in advisory services for mergers and acquisitions (M&A) and capital raising through both equity and debt markets. Further capabilities include offerings in foreign exchange, interest rates, equities, commodities, fixed income, comprehensive research, private equity solutions, and various securities services. The bank's digital platforms facilitate online equity and FX trading, e-confirmation, equity execution, and investor and margin account management, in addition to providing pension services. DNB also caters to high-net-worth individuals through its private banking division. The bank serves a diverse array of industries, notably energy, financial institutions, healthcare, manufacturing, packaging and forest products, the seafood industry, shipping, offshore and logistics, and the telecom, media, and technology (TMT) sectors. Established in 1822, DNB Bank ASA has its headquarters situated in Oslo, Norway.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-11.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-4.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

kr 0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

kr 2.9T cash & investments at current burn rate

Revenue declining

DNB Bank ASA's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
+4.0%
Slow sales growth (+4.0% YoY)
Profit growth
EPS YoY
-7.5%
Earnings shrinking (-7.5% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
11.5x
Attractive valuation — P/E 11.5

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+0.1
GROWING
Earnings roughly flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
5.67%
Healthy income — 5.67% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
+61.8%
Dividend growing fast (61.8% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial