Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — Q3 2025 Earnings Presentation
14 slides from Danske Bank A/s's earnings presentation, Oct 31, 2025
Slide 1: Financial results – Q3 2025
Presentation for Q3 conference call Financial results – Q3 2025 Carsten Egeriis Cecile Hillary Chief Executive Officer Chief Financial Officer
Slide 2: Highlights
Financial results – Q3 2025 Highlights: Consistent financial performance supported by resilient NII and uplift in fee income from healthy activity in solid Nordic economies Commercial highlights ➢ Benign operating environment and economic backdrop, particularly in Denmark, underpin strong asset qual
Slide 3: Personal Customers
Financial results – Q3 2025 Personal Customers: Stable financial performance as deposit growth and customer activity mitigate impact of lower central bank rates Highlights* Financial performance KPIs Y/Y total income decreased 2% when Total income PC NO ROAC (%) Cost/income (%) adjusted for the dive
Slide 4: Business Customers
Financial results – Q3 2025 Business Customers: Increased commercial momentum supported by expanding customer base and strong growth in lending volumes Highlights Financial performance KPIs Y/Y NII resilient and fee income up Total income ROAC (%) Cost/income (%) 16%, underpinning the trend in total
Slide 5: Large Corporates & Institutions
Financial results – Q3 2025 Large Corporates & Institutions: Strong financial performance with sustained uplift in lending and solid appetite for investment products Highlights Financial performance KPIs Total income up 8% Y/Y, driven by NII Total income ROAC (%) Cost/income (%) from strong lending
Slide 6: Solid financial performance on core lines
Financial results – Q3 2025 Solid financial performance on core lines Highlights Income statement (DKK m) 9M 25 9M 24 Index Q3 25 Q2 25 Index Y/Y: Solid total income supported by resilient NII and higher fee Net interest income 27,157 27,452 99 9,074 9,063 100 income. Trading income reflects higher
Slide 7: NII: Resilient NII underpinned by volumes
Financial results – Q3 2025 NII: Resilient NII underpinned by volumes and structural hedge mitigating policy rate impact on deposit margins and lower yield on equity Highlights NII 9M25 vs 9M24 (DKKm) Deposit margin development** (%) PC NO Adj, +0.5% 3.0 NII stability both Y/Y and Q/Q when adjusted
Slide 8: Fee income
Financial results – Q3 2025 Fee income: Higher fee income driven by solid customer activity; all time high AuM drive rebound in investment fees in Q3 Highlights Net fee income (DKK m) +3 (adj.) Everyday banking fees (e.g. transfers, accounts) Y/Y: Solid development due to high activity among 10,568
Slide 9: Trading income
Financial results – Q3 2025 Trading income: Stable customer activity; valuation adjustments affect Group result Highlights Net trading income (DKK m) LC&I +12% Y/Y: Improved development in LC&I supported by 2,362 customer activity and in line with fixed income strategy, offset by adjustments of the
Slide 10: Expenses
Financial results – Q3 2025 Expenses: Cost trajectory in line with full-year guidance Highlights Expenses (DKK m) 0% Y/Y: Stable cost development as higher staff costs, performance-based compensation and 121 -107 79 digitalisation investments were offset by lower resolution fund fees and lower FCRP
Slide 11: Asset quality
Financial results – Q3 2025 Asset quality: Strong credit quality underpinned by few single-name impairments; prudent macro scenarios and PMA buffer in place Highlights Impairment charges by category (DKK bn) Credit quality deterioration PMAs Macro models Strong credit quality and few single-name imp
Slide 12: Capital
Financial results – Q3 2025 Capital: Strong capital generation with CET1 capital ratio at 18.7% Highlights CET1 development (%) Decreases CET1 capital requirement CET1 capital ratio remained strong and was kept stable at 18.7% despite the CET1 buffer temporary impact from calling a Tier 2 instrument
Slide 13: Financial outlook for 2025
Financial results – Q3 2025 Financial outlook for 2025: Guidance range of DKK 21 – 23bn maintained; net profit expected to be in the upper end of range We continue to expect total income to be slightly lower in 2025 than in 2024, driven by lower, albeit resilient, NII. Core banking income to be supp
Slide 14: Q&A Session
Financial results – Q3 2025 Q&A Session Press *11 to ask a question Danske Bank 14