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Føroya Banki

239.00 DKK

+0.84 %

Less than 1K followers

FOBANK

NASDAQ Copenhagen

Banks

Financials

+0.84 %
+2.58 %
+21.94 %
+30.60 %
+47.53 %
+50.31 %
+91.97 %
+83.14 %
+3.91 %

Føroya Banki (formerly BankNordik) is a Faroese bank listed on Nasdaq OMX Copenhagen, and based in Thorshavn. The bank offers financial services to private, public and corporate customers. In the Faroe Islands and Greenland, the offering consists of banking and pension services, while insurance services are also part of the offering in the Faroe Islands. Banking activities in the Faroe Islands are organised under the name Føroya Banki, while insurance and real estate activities are marketed under the Trygd and Skyn brands respectively. Føroya Banki dates back to 1906, when the bank was founded under the name Føroya Banki, which at the time was a subsidiary of Landmandsbanken (today Danske Bank). In 1994, Føroya Banki merged with Sjóvinnubankin, and in 2006 the Faroese parliament chose to privatise the bank with a subsequent listing on the Danish and Icelandic stock exchanges in 2007. After acquiring 12 branches from Sparbank in 2010, the bank changed its name to BankNordik and in 2011 acquired the healthy parts of Amagerbanken. In 2021, the Danish banking activities were divested and the focus is now exclusively on the Faroe Islands and Greenland. Therefore, in 2024, the bank chose to reintroduce the name Føroya Banki. Work continues on an independent name for the Greenlandic banking activities.

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Market cap
2.29B DKK
Turnover
445.9K DKK
Revenue
533M
EBIT %
71.76 %
P/E
7.37
Dividend yield-%
15.26 %
Coverage
Disclaimer
Philip Coombes
Rasmus Køjborg
Rasmus Køjborg, Philip Coombes
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Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
26/2
2026

Annual report '25

26/3
2026

General meeting '26

30/4
2026

Interim report Q1'26

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Third party research

Another guidance upgrade from the North Atlantic - Nordea

On 15 July 2025, Føroya Banki raised its 2025 net profit guidance range to DKK 235-265m (previously DKK 210-240m). The bank highlights that the insurance result and growth in business activity have been strong, while impairment charges have been low....

Føroya Banki
Third party research

Føroya Banki: Fighting lower market rates - Nordea

We estimate Q2 2025 pre-tax profit of DKK 69m, down DKK 36m (34%) y/y. This earnings drop is mainly led by three elements: 1) Q2 2025E net interest income (NII) declining DKK 14m (16%) y/y, driven by lower market rates; 2) Q2 2025E loan losses of DKK...

Føroya Banki
Third party research

Føroya Banki: Solid start to the year - Nordea

Føroya Banki reported a solid Q1, as profit before loan losses landed at DKK 56m, DKK 3m (7%) better than our estimate. This was mainly driven by net insurance income coming in (19% (DKK ~2m) above our estimate due to higher premium income and lower ...

Føroya Banki
Third party research

Føroya Banki: Q1 2025 first impression - Nordea

Q1 profit before loan losses came in at DKK 56m, DKK 3m (6%) above our estimate. This was mainly due to net insurance income being DKK 3m (22%) above our estimate, driven by higher premium income and lower claims in Q1. Net interest income and net commission...

Føroya Banki
Third party research

Føroya Banki: A solid bank in uncertain times - Nordea

Føroya Banki reports its Q1 2025 results on 30 April. We make only minor estimates revisions ahead of the report and raise our full-year net profit estimate by DKK ~1m, to DKK 221m, which is slightly below the midpoint of the bank's guidance range of...

Føroya Banki
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