Brief: Jyske Bank Q2 Net Profit At DKK 1.4 Billion, Above Consensus
BRIEF-Jyske Bank Q2 Net Profit At DKK 1.4 Billion, Above Consensus Aug 19 (Reuters) - Jyske Bank A/S JYSK.CO:
Q2 EPS DKK 22
Q2 NET INTEREST INCOME DKK 2,177 MILLION VS. DKK 2,185 MILLION SEEN IN COMPANY-PROVIDED CONSENSUS
Q2 CORE INCOME DKK 3,407 MILLION VS. DKK 3,294 MILLION SEEN IN COMPANY-PROVIDED CONSENSUS
Q2 NET PROFIT DKK 1,353 MILLION VS. DKK 1,235 MILLION SEEN IN COMPANY-PROVIDED CONSENSUS
Q2 PROFIT BEFORE TAX DKK 1,831 MILLION VS. DKK 1,661 MILLION SEEN IN COMPANY-PROVIDED CONSENSUS
FOR 2026, JYSKE BANK ESTIMATES NET PROFIT IN RANGE OF DKK 4.3BN-5.1BN, EQUIVALENT TO EARNINGS PER SHARE IN RANGE OF DKK 71-85
EXPECTATIONS ARE IN LINE WITH ASSUMPTIONS FOR THE FINANCIAL TARGETS FOR 2028
CORE INCOME IS EXPECTED TO DECLINE IN 2026, IN PARTICULAR AS A RESULT OF LOWER VALUE ADJUSTMENTS
CORE EXPENSES ARE EXPECTED TO BE SLIGHTLY LOWER IN 2026 DUE TO LOWER ONE‑OFF COSTS AND COST‑SAVING INITIATIVES
TREND IN CORE INCOME AND EXPENSES IS EXPECTED TO RESULT IN A SLIGHTLY HIGHER COST/INCOME RATIO IN 2026 THAN THE 48 RECORDED IN 2025
IT IS PRESUMED THAT LOAN IMPAIRMENT CHARGES WILL ALSO BE LOW IN 2026, ALTHOUGH HIGHER THAN IN 2025
EXPECTATIONS INVOLVE UNCERTAINTY AND DEPEND, FOR INSTANCE, ON MACROECONOMIC CIRCUMSTANCES AND DEVELOPMENTS IN THE FINANCIAL MARKETS
Source text: ID:nGNE3PL2zh
Further company coverage: JYSK.CO
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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