Djurslands Bank (DJUR) investor relations material

Executive summary

• Achieved record pre-tax profit of DKK 329.2 million, up 0.6% from 2024, driven by strong customer growth, increased lending, and low impairments.

• Customer base expanded with 4% more private customers and 6% more business customers year-over-year.

• Maintained independent, local focus with no plans for mergers or acquisitions, and continued strategic development toward 2030.

Financial highlights

• Net interest income fell to DKK 370.4 million (down DKK 26.2 million) due to lower interest rates and increased competition.

• Net fee and commission income rose 14.1% to DKK 238.1 million, driven by higher activity in housing and investment services.

• Total net interest and fee income increased 6.9% to DKK 676.7 million.

• Operating expenses rose 7.3% to DKK 375.4 million, mainly from higher personnel and IT costs.

• Impairments on loans and receivables resulted in a net income of DKK 16.8 million, reflecting strong credit quality.

• Return on equity before tax was 17.9%.

• Dividend proposed at DKK 20 per share, payout ratio 21.6% of net profit.

Outlook and guidance

• 2026 pre-tax profit expected in the range of DKK 240–280 million, reflecting anticipated lower interest margins and continued high competition.

• Continued focus on customer growth, especially in business banking, and maintaining low impairments.

• Cost base expected to rise 5–6% in 2026 due to staff increases and regulatory requirements.