Jyske Bank A/S Ord (JYSKF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Thank you for joining us on Jyske Bank's conference call for the financial results for the first quarter of 2026. This is Simon Hauwaert from Investor Relations speaking. With me, I have Jyske Bank CEO Blaise Mert and CFO Bjorn Nielsen. Lars and Bjorn will walk you through our prepared remarks. Afterwards, we'll open up for questions. I'll now hand over to Lars. Thank you, Simon. And I would also like to welcome you to our conference call for the first quarter of 2026. We made a solid start to 2026, delivering earnings per share 17. Danish results were impacted by challenging financial markets, but our underlying performance continued to show good progress, supported by high activity, disciplined cost management, and strong credit quality, while we maintained a clear focus on customers, customer relationships, and strategy execution. Credit quality remained very solid in the quarter. Loan impairment charges were at a low level, while we prudently built significant post-model adjustment buffers in response to elevated geopolitical uncertainty. The Danish economy remains fundamentally sound, and our customers' financial situation is generally robust, although geopolitical uncertainty is elevated. Our capital position also remains robust. At the end of the quarter, our CET1 ratio stood at 15.9%, adjusted for expected payouts. This is well above our target level of 15%. Finally, we continue to make progress on our strategic priorities, including AI. Over the recent years, we've established a solid foundation and in 2026, our focus is on scaling solutions that have already demonstrated value across advisory services, customer interaction, and internal processes. Overall, we've ended the 2026 in a healthy position well equipped to navigate the current environ...