Denmark's Ringkjobing Landbobank 9M core income rises

Ringkjoebing Landbobank A/S

21/10/2026 06:41

Overview
Denmark bank's core income for first three quarters rose 5% yr/yr
Net profit for first three quarters up 3% yr/yr
Bank launched new DKK 400 mln share buyback programme in October

Outlook
Company now expects 2026 net profit at upper end of DKK 2.2-2.5 bln range

Result Drivers
CUSTOMER GROWTH - Co said credit intermediation rose 12% p.a. and deposits increased 14% p.a., supporting results
LOW IMPAIRMENT CHARGES - Co reported DKK 2 mln impairment reversal in Q3, marking 19 consecutive quarters of near-zero charges or reversals
COST INCREASE - Co said costs in the quarter rose 4% yr/yr, with cost/income ratio at 25.4%

Company press release: ID:nGNE6XxMrD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Total Core Income
 
DKK 3.22 bln
 
9M Net Income
 
DKK 1.81 bln
 
9M Core Earnings Before Impairment
 
DKK 2.40 bln
 
9M Loan Impairment Charges
 
DKK 33 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "hold."
Wall Street's median 12-month price target for Ringkjoebing Landbobank A/S is DKK2,012.50, about 12.5% above its October 20 closing price of DKK1,789.00
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

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Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality

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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.)