Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025

Ringkjoebing Landbobank A/S

30/04/2025 06:30

Nasdaq Copenhagen
London Stock Exchange
Euronext Dublin
Other stakeholders

30 April 2025

Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025

The bank’s board of directors and general management today approved the quarterly report for the first quarter of 2025.

The bank delivers core earnings of DKK 812 million and net profit of DKK 616 million in the first quarter of the year. The net profit is equivalent to a 22% p.a. return on equity.

Core earnings

(DKK million)
Q1 2025
Q1 2024
2024
2023
2022
2021
Total core income
1,056
1,040
4,068
3,828
2,862
2,433
Total expenses and depreciation
259
247
1,044
963
891
817
Core earnings before impairment charges for loans
797
793
3,024
2,865
1,971
1,616
Impairment charges for loans etc.
+24
0
+3
-1
-2
-68
Core earnings
821
793
3,027
2,864
1,969
1,548
Result for the portfolio etc.
-6
+23
+62
-7
-69
+7
Amortisation and write-downs on intangible assets
5
5
20
20
20
17
Tax
194
195
768
682
385
309
Net profit
616
616
2,301
2,155
1,495
1,229

Highlights of the first quarter of 2025

The net profit of DKK 616 million is unchanged compared to last year and equivalent to a 22% p.a. return on equity

Earnings per share (net profit) increase by 5% to DKK 24.5 in the quarter

Core income increases by 2% to DKK 1,056 million

Costs increase by 5%, and the cost/income ratio is 24.5%

Continued strong credit quality means that impairment charges of DKK 24 million were carried to income in the quarter

Highly satisfactory increase in customer numbers and growth of 10% in loans and 8% in deposits

The Ringkjøbing Landbobank brand remains in first place in the annual Voxmeter image survey

Decision to launch a new share buyback programme for DKK 1 billion

The expectations for net profit for 2025 are maintained unchanged in the range DKK 1.8 - 2.2 billion

Yours sincerely

Ringkjøbing Landbobank

John Fisker
CEO

Attachments

RILBA-2025-03-31-en

RILBA-2025-03-31-en

Forklæde - Q1 2024 EN