Djurslands Bank (DJUR) investor relations material

Executive summary

• Achieved the best first-half result in history with pre-tax profit of DKK 172 million, up 24.6% year-over-year, driven by high activity, especially in the housing market, and strong credit quality.

• Significant growth in both private and business customers, with private customers up 3.8% and business customers up 5.0% over 12 months.

• Continued strategic investments in technology, including AI and IT systems, and expansion in key growth areas such as Aarhus.

Financial highlights

• Net interest and fee income totaled DKK 342.3 million, a slight decrease of 0.9% year-over-year due to lower dividend income, but net interest income rose by 8.2% and net fee income by 12.2%.

• Operating expenses increased by 2.5% to DKK 197.9 million.

• Loan impairment reversals contributed DKK 7 million, reflecting strong credit quality.

• Earnings per share rose 25.8% to DKK 47.4.

• Return on average equity before tax reached 17.6%.

• Assets under management increased to DKK 27.4 billion, up 24% year-over-year.

• Loans grew by 12.5% to DKK 6.3 billion, and deposits rose by 16.8% to DKK 12.1 billion.

Outlook and guidance

• Full-year pre-tax profit guidance was raised to DKK 285–325 million from DKK 240–280 million, reflecting higher activity, growth, and strong credit quality.