REG-Ringkjøbing Landbobank’s quarterly report for the first quarter of 2026

Ringkjoebing Landbobank A/SAnnouncement

Yesterday 06:30

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Nasdaq Copenhagen
Euronext Dublin
London Stock Exchange
Other stakeholders

29 April 2026



Ringkjøbing Landbobank’s quarterly report for the first quarter of 2026

The bank’s board of directors and general management today approved the
quarterly report for the first quarter of 2026.

The bank delivers core earnings of DKK 798 million and net profit of DKK 585
million in the first quarter of the year. The net profit is equivalent to a
22% p.a. return on tangible equity.



Core earnings

 (DKK million)                                      Q1 2026  Q1 2025  2025   2024   2023   2022   
 Total core income                                  1,049    1,056    4,089  4,068  3,828  2,862  
 Total expenses and depreciation                    267      259      1,080  1,044  963    891    
 Core earnings before impairment charges for loans  782      797      3,009  3,024  2,865  1,971  
 Impairment charges for loans etc.                  +16      +24      +41    +3     -1     -2     
 Core earnings                                      798      821      3,050  3,027  2,864  1,969  
 Result for the portfolio etc.                      -18      -6       +26    +62    -7     -69    
 Amortisation & write-downs on intan. assets        5        5        20     20     20     20     
 Tax                                                190      194      743    768    682    385    
 Net profit                                         585      616      2,313  2,301  2,155  1,495  



Highlights of the first quarter of 2026
* The net profit is DKK 585 million, equivalent to a 22% p.a. return on
tangible equity (ROTE)
* Earnings per share increase by 6% compared to the fourth quarter of 2025 to
DKK 24.3 for the first quarter of 2026
* Core income is DKK 1,049 million, marginally lower than in the same period
in 2025 but a 3% increase compared to the fourth quarter of 2025
* Costs increase by 3% compared to the first quarter of 2025, and the
cost/income ratio is 25.5%
* Continued strong credit quality means that impairment charges of DKK 16
million were carried to income in the quarter
* Highly satisfactory increase in customer numbers and growth of 14% p.a. in
loans and 10% p.a. in deposits
* The ongoing DKK 500 million share buyback programme is expected to be
completed in early May, after which it has been decided to initiate a new DKK
400 million programme
* The expectations for net profit for 2026 are maintained in the range DKK 2.0
- 2.4 billion


Yours sincerely

Ringkjøbing Landbobank

John Fisker
CEO

Attachments
*     Quarterly report Q1 2026 EN
(https://ml-eu.globenewswire.com/Resource/Download/ccfc935f-03e8-4510-a8d6-ec9119effc9c)
  
*     Front page for the company announcement Q1-2026 EN
(https://ml-eu.globenewswire.com/Resource/Download/e004919e-e14e-4e47-9252-1bc4e05f3aba)
  
*     RILBA-2025-03-31-en
(https://ml-eu.globenewswire.com/Resource/Download/b5f8a13e-f26f-4618-b697-b98ecc29e858)