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Jyske Bank expects a net profit of DKK 4.9bn-5.3bn in 2025, corresponding to earnings per share of DKK 77-84. Previously, expectations were for a net profit at the upper end of DKK 3.8bn-4.6bn, corresponding to earnings per share at the upper end of DKK 60-73.
Net profit amounted to DKK 3,992m in Q1-Q3 2025.
The improved outlook is driven by a broadly based positive development. We have seen the effects of favorable financial markets combined with continued solid credit quality, a high level of activity particularly in asset management, and customer growth in prioritized segments.
Core profit and net profit for the period (DKKm) | Q1-3 | Q1-3 | Index | Q3 | Q2 | Q1 | Q4 | Q3 |
Net interest income | 6,629 | 7,275 | 91 | 2,187 | 2,204 | 2,238 | 2,269 | 2,356 |
Net fee and commission income | 2,073 | 1,836 | 113 | 689 | 658 | 726 | 902 | 627 |
Value adjustments | 956 | 891 | 107 | 511 | 263 | 182 | 172 | 453 |
Other income | 202 | 168 | 120 | 33 | 118 | 51 | 12 | 11 |
Income from operating lease (net) | 82 | 137 | 60 | 19 | 31 | 32 | 31 | 32 |
Core income | 9,942 | 10,307 | 96 | 3,439 | 3,274 | 3,229 | 3,386 | 3,479 |
Core expenses | 4,732 | 4,768 | 99 | 1,537 | 1,662 | 1,533 | 1,634 | 1,608 |
Core profit before loan impairment charges | 5,210 | 5,539 | 94 | 1,902 | 1,612 | 1,696 | 1,752 | 1,871 |
Loan impairment charges | -22 | 13 | - | 25 | -113 | 66 | 8 | -82 |
Core profit | 5,232 | 5,526 | 95 | 1,877 | 1,725 | 1,630 | 1,744 | 1,953 |
Investment portfolio earnings | 127 | 19 | 668 | 52 | 7 | 68 | -33 | 6 |
Pre-tax profit before non-recurring items | 5,359 | 5,545 | 97 | 1,929 | 1,732 | 1,698 | 1,711 | 1,959 |
Non-recurring items, Handelsbanken DK/PFA Bank | 0 | -73 | 0 | 0 | 0 | 0 | -18 | -33 |
Pre-tax profit | 5,359 | 5,472 | 98 | 1,929 | 1,732 | 1,698 | 1,693 | 1,926 |
Tax | 1,367 | 1,428 | 96 | 474 | 451 | 442 | 425 | 505 |
Net profit for the period | 3,992 | 4,044 | 99 | 1,455 | 1,281 | 1,256 | 1,268 | 1,421 |
Interest expense on additional tier 1 capital, recognised on equity | 198 | 195 | 102 | 67 | 66 | 65 | 66 | 66 |
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Summary of balance sheet, end of period (DKKbn) |
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Loans and advances | 572.9 | 557.7 | 103 | 572.9 | 574.3 | 566.9 | 567.2 | 557.7 |
- of which mortgage loans | 375.9 | 361.2 | 104 | 375.9 | 372.2 | 366.7 | 365.8 | 361.2 |
- of which bank loans | 140.4 | 143.6 | 98 | 140.4 | 141.6 | 144.7 | 144.7 | 143.6 |
- of which repo loans | 56.6 | 52.9 | 107 | 56.6 | 60.5 | 55.5 | 56.7 | 52.9 |
Bonds and shares, etc. | 114.7 | 104.3 | 110 | 114.7 | 110.8 | 109.0 | 98.7 | 104.3 |
Total assets | 745.1 | 765.2 | 97 | 745.1 | 766.8 | 782.3 | 750.2 | 765.2 |
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Deposits | 201.3 | 209.4 | 96 | 201.3 | 197.1 | 198.5 | 198.9 | 209.4 |
- of which bank deposits | 190.5 | 196.0 | 97 | 190.5 | 189.7 | 191.1 | 190.2 | 196.0 |
- of which repo and triparty deposits | 10.8 | 13.4 | 81 | 10.8 | 7.4 | 7.4 | 8.7 | 13.4 |
Issued bonds at fair value | 368.9 | 360.9 | 102 | 368.9 | 368.4 | 368.4 | 362.2 | 360.9 |
Issued bonds at amortised cost | 53.2 | 77.4 | 69 | 53.2 | 64.0 | 65.9 | 66.6 | 77.4 |
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Subordinated debt | 11.4 | 7.7 | 148 | 11.4 | 7.7 | 7.7 | 7.6 | 7.7 |
Holders of AT1 capital | 4.9 | 4.9 | 100 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 |
Shareholders' equity | 46.7 | 44.5 | 105 | 46.7 | 46.0 | 45.3 | 45.7 | 44.5 |
Jyske Bank's Interim Financial Report for Q1-Q3 2025 is expected to be published on 29 October 2025.
Yours faithfully,
Jyske Bank
Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.
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