Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — Q1 2025 Earnings Presentation
15 slides from Danske Bank A/s's earnings presentation, May 2025
Slide 1: Financial results – Q1 2025
Presentation for Q1 conference call Financial results – Q1 2025 Carsten Egeriis Cecile Hillary Chief Executive Officer Chief Financial Officer
Slide 2: Q1 2025 Highlights
Financial results – Q1 2025 Highlights: Good start to the year driven by steady development in income from solid customer activity, despite market uncertainty Net profit DKK 5.8bn Core income underpinned by (+2% Y/Y) strong corporate activity 13.3% ROE Resilient NII and improved fee trajectory, cont
Slide 3: Leading market position in strong Nordic economies, focused on supporting customers
Financial results – Q1 2025 With a leading market position in strong Nordic economies, Danske Bank is focused on supporting customers Strong economic backdrop – in Denmark and other Nordic economies Low risk balance sheet - limited direct exposure to tariffs Denmark 2024 Forecast 2025 Forecast 2026
Slide 4: Personal Customers: Stable performance as deposit growth and fee income rise
Financial results – Q1 2025 Personal Customers: Stable performance as deposit growth and rise in fee income from strong customer activity partially offsets pressure from rates Highlights* Financial performance KPIs Y/Y total income decreased 6%, in Total income PC NO ROAC (%) Cost/income (%) part du
Slide 5: Business Customers: Solid growth in lending volumes and expanding customer base
Financial results – Q1 2025 Business Customers: Solid growth in lending volumes and expanding customer base underpin increase across core income lines Highlights Financial performance KPIs Total income up 1% Y/Y and 7% Q/Q, Total income ROAC (%) Cost/income (%) with growth across core income (DKK m)
Slide 6: Large Corporates & Institutions: Strong financial performance from volume growth
Financial results – Q1 2025 Large Corporates & Institutions: Strong financial performance from continued volume growth and solid customer activity Highlights Financial performance KPIs Strong performance with total Total income ROAC (%) Cost/income (%) income up +13% Y/Y, supported by (DKK m) 2026 t
Slide 7: Solid financial performance supported by core banking income
Financial results – Q1 2025 Solid financial performance supported by core banking income. Net profit up 2% Y/Y supported by stable costs and low level of impairments Highlights Income statement (DKK m) Solid total income supported by resilient NII and Q1 25 Q1 24 Index Q4 24 Index encouraging fee tr
Slide 8: NII: Resilient NII underpinned by volumes and deposit hedge
Financial results – Q1 2025 NII: Resilient NII underpinned by volumes and deposit hedge, which mitigate rate impact on deposit margins and lower yield on equity Highlights NII Q125 vs Q124 (DKKm) Deposit margin development** (%) PC NO 3.0 -1% NII stable when adjusting for day effect and 2.68 107 2.5
Slide 9: Fee income: Solid fee income trajectory up 8% Y/Y
Financial results – Q1 2025 Fee income: Solid fee income trajectory up 8% Y/Y; Q/Q trajectory impacted by seasonality from lower investment fees and capital markets activity Highlights Net fee income (DKK m) Everyday banking fees (e.g., transfers, accounts) +8% Strong customer demand for everyday ba
Slide 10: Trading income: Strong trading income Q/Q from increase in customer activity
Financial results – Q1 2025 Trading income: Strong trading income Q/Q from increase in customer activity in volatile market conditions Highlights Net trading income (DKK m) LC&I +15% Y/Y: Higher customer activity offset by 882 adjustments of fair value of the derivatives portfolio (xVA) 769 40 159 Q
Slide 11: Expenses: Cost trajectory in line with full-year 2025 guidance
Financial results – Q1 2025 Expenses: Cost trajectory in line with full-year 2025 guidance Highlights Expenses (DKK m) -1% Costs down 1% Y/Y as inflation, higher 62 -48 performance-based compensation and 64 -71 digitization investments were more than offset by 6,337 lower resolution fund fees and st
Slide 12: Asset quality: Strong credit quality underpin very low single-name impairments
Financial results – Q1 2025 Asset quality: Strong credit quality underpin very low single-name impairments; conservative macro scenarios and prudent PMA buffer remain in place Highlights Impairment charges by category (DKK bn) Credit quality deterioration PMAs Macro models Strong credit quality and
Slide 13: Capital: Strong capital generation with CET1 capital ratio improving to 18.4%
Financial results – Q1 2025 Capital: Strong capital generation with CET1 capital ratio improving to 18.4% Highlights CET1 development (%) CET1 capital ratio remained strong and improved further from 17.8% in Q4 to Increases CET1 buffer CET1 capital requirement 18.4% in Q1, due to lower REA and retai
Slide 14: Financial outlook for 2025 affirmed
Financial results – Q1 2025 Financial outlook for 2025 affirmed Total income is expected to be slightly lower in 2025 than in 2024, driven by lower NII from expected lower market rates. Core banking income will continue to benefit from strong fee income and our continued Income efforts to drive comm
Slide 15: Q&A Session
Financial results – Q1 2025 Q&A Session Press *11 to ask a question Danske Bank 15