Accounts
CEO John Fisker presents the quarterly report for Q1 2025:
Quarterly report for Q1 2025
The bank’s board of directors and general management today approved the quarterly report for the first quarter of 2025.
The bank delivers core earnings of DKK 812 million and net profit of DKK 616 million in the first quarter of the year. The net profit is equivalent to a 22% p.a. return on equity.
Core earnings
| (DKK million) | Q1 2025 | Q1 2024 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Total core income | 1.056 | 1.040 | 4.068 | 3.828 | 2.862 | 2.433 |
| Total expenses and depreciation | 259 | 247 | 1.044 | 963 | 891 | 817 |
| Core earnings before ompairment charges for loans | 797 | 793 | 3.024 | 2.865 | 1.971 | 1.616 |
| Impairment charges for loans etc. | +24 | 0 | +3 | -1 | -2 | -68 |
| Core earnings | 821 | 793 | 3.027 | 2.864 | 1.969 | 1.548 |
| Result for the portfolio etc. | -6 | +23 | +62 | -7 | -69 | +7 |
| Amortisation and write-downs on intangible assets | 5 | 5 | 20 | 20 | 20 | 17 |
| Tax | 194 | 195 | 768 | 682 | 385 | 309 |
| Net profit | 616 | 616 | 2.301 | 2.155 | 1.495 | 1.229 |
Highlights of the first quarter of 2025
- The net profit of DKK 616 million is unchanged compared to last year and equivalent to a 22% p.a. return on equity
- Earnings per share (net profit) increase by 5% to DKK 24.5 in the quarter
- Core income increases by 2% to DKK 1,056 million
- Costs increase by 5%, and the cost/income ratio is 24.5%
- Continued strong credit quality means that impairment charges of DKK 24 million were carried to income in the quarter
- Highly satisfactory increase in customer numbers and growth of 10% in loans and 8% in deposits
- The Ringkjøbing Landbobank brand remains in first place in the annual Voxmeter image survey
- Decision to launch a new share buyback programme for DKK 1 billion
- The expectations for net profit for 2025 are maintained unchanged in the range DKK 1.8 - 2.2 billion
Quarterly report Q1 2025 (pdf) Quarterly report Q1 2025 (xhtml)
Accounts
Here are the accounts of Ringkjøbing Landbobank
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