Denmark's Ringkjobing Landbobank H1 net profit edges up on loan growth

Ringkjoebing Landbobank A/S

05/08/2026 06:41

Overview
Denmark bank's H1 net profit rose to DKK 1,194 mln
Core income for H1 was DKK 2,120 mln, up slightly from prior year
Company expects to complete DKK 400 mln share buyback, new program to be launched

Outlook
Ringkjobing Landbobank raises 2026 net profit guidance to DKK 2.2-2.5 bln

Result Drivers
LOAN AND DEPOSIT GROWTH - Co said customer numbers grew strongly, with loans up 13% and deposits up 12% yr/yr
COST INCREASES - Costs rose 4% compared to H1 2025, with a cost/income ratio of 26.2%
CREDIT QUALITY - Co said credit quality remained strong, with impairment charges of DKK 31 mln for the half-year

Company press release: ID:nGNE5Fx74F

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Total Core Income
 
DKK 2.12 bln
 
H1 Net Income
 
DKK 1.19 bln
 
H1 Core Earnings Before Impairment
 
DKK 1.56 bln
 
H1 Loan Impairment Charges
 
DKK 31 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 DKK1,960.00, about 10.1% above its August 4 closing price of DKK1,781.00
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

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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.)