Denmark's Jyske Bank posts higher profit as volumes rise, sets stock buyback plan

Jyske Bank A/S

05/02/2026 06:12

Overview

Denmark bank's EPS rose 7% to DKK 85.5, exceeding company's initial expectations

Company announces DKK 3 bln share buyback program and highest dividend per share

Company anticipates net profit of DKK 4.3bn-5.1bn in 2026

Outlook

Jyske Bank expects 2026 net profit between DKK 4.3bn and DKK 5.1bn

Earnings per share for 2026 expected between DKK 71 and DKK 85

Company notes Danish economy remains robust amid global uncertainty

Result Drivers

HIGHER BUSINESS VOLUMES - Earnings per share rose due to higher business volumes and customer inflow in priority segments, despite lower short-term interest rates

SOLID CREDIT QUALITY - Loan impairment charges decreased significantly, reflecting solid credit quality

STRATEGIC INITIATIVES - Increased competitiveness and customer satisfaction through strategic initiatives and digital solutions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
DKK 85.50
FY CET1 Capital Ratio
16.10%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Jyske Bank A/S is DKK865.00, about 10.3% below its February 4 closing price of DKK964.50

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNE7KDjcj

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)