Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — Q2 2026 Earnings Presentation
12 slides from Danske Bank A/s's earnings presentation, 2026
Slide 1: Financial results - Q2 2026
Financial results - Q2 2026 Presentation for Q2 conference call Carsten Egeriis Cecile Hillary Chief Executive Officer Chief Financial Officer Danske Bank 1
Slide 2: Executive summary: Strong financial performance driven by commercial momentum and strategic execution
Financial results – Q2 2026 Executive summary: Strong financial performance driven by commercial momentum and strategic execution Financial highlights Commercial highlights Q2 26 net profit ➢ Beneficial operating environment and macro backdrop in the Nordics underpin sustained commercial momentum DK
Slide 3: Business units: High customer activity across segments drives volumes and income
Financial results – Q2 2026 Business units: High customer activity across segments drives volumes and income Personal Customers Business Customers Large Corporates & Institutions Highlights ➢ Higher income driven by customer activity leading ➢ Higher income mostly driven by strong fee income ➢ Highe
Slide 4: Strong financial performance in the core income lines and cost management in line with plan
Financial results – Q2 2026 Strong financial performance in the core income lines and cost management in line with plan Income statement (DKK m) Highlights H1 26 H1 25 Index Q2 26 Q1 26 Index ➢ H1 26/H1 25: Total income supported by growing core income with NII and Net interest income 18,672 18,083
Slide 5: NII: Solid NII underpinned by positive trend in volumes, deposit margins and structural hedge
Financial results – Q2 2026 NII: Solid NII underpinned by positive trend in volumes, deposit margins and stability derived from structural hedge Highlights NII H126 vs H125 (DKK m) Deposit margin development*** (%) 3,0 +3% Growing NII trajectory +3% Y/Y from improved 2.68 318 2,5 2.50 2.44 2,21 volu
Slide 6: Fee income: Strong fee income up 13% Y/Y and 4% Q/Q
Financial results – Q2 2026 Fee income: Strong fee income up 13% Y/Y and 4% Q/Q driven by customer activity and continued performance in investments offering Highlights Net fee income (DKK m) Everyday banking fee income (e.g. transfers, +13% accounts) 7,976 Continued demand for our One-Corporate 387
Slide 7: Trading income: Impacted by lower customer activity and valuation effects in Group Treasury
Financial results – Q2 2026 Trading income: Impacted by lower customer activity in secondary markets and valuation effects in Group Treasury Highlights Net trading income (DKK m) LC&I -38% Y/Y: Lower result primarily driven by lower 1,736 customer activity in fixed income market making -349 Q/Q: Imp
Slide 8: Expenses: Q2 cost/income ratio of 43%
Financial results – Q2 2026 Expenses: Q2 cost/income ratio of 43% Highlights Expenses (DKK m) +2% Cost trajectory in line with full-year guidance 263 12,924 Y/Y: Higher staff costs driven by performance- 112 -118 based compensation partially offset by lower FCRP 174 and remediation costs 151 -126 12
Slide 9: Asset quality: Strong credit quality and prudent macro scenarios
Financial results – Q2 2026 Asset quality: Strong credit quality and prudent macro scenarios Highlights Impairment charges by category (DKK m) Credit quality deterioration PMAs Macro models Diversified and low-risk credit portfolio underpins strong credit quality. Below- 217 291 cycle impairments of
Slide 10: Capital: Strong capital generation with CET1 capital ratio of 17.0%
Financial results – Q2 2026 Capital: Strong capital generation with CET1 capital ratio of 17.0% Highlights CET1 development (%) CET1 buffer CET1 capital requirement Capital position remained strong with CET1 ratio of 17.0% reflecting the DKK 5bn payout 17.7 as well as the additional accrual on the b
Slide 11: Financial outlook for 2026 revised upwards to DKK 23 – 25bn
Financial results – Q2 2026 Financial outlook for 2026 revised upwards to DKK 23 – 25bn We now expect total income to be somewhat above DKK 59 billion driven by higher core banking income from higher customer activity, growing volumes, and recent policy rate hikes Income Income from trading and insu
Slide 12: Q&A Session
Q&A Session Press *11 to ask a question Danske Bank 12