Skjern Bank (SKJE) investor relations material

Executive summary

• Result before tax increased to DKK 88.3 million from DKK 85.7 million compared to the same quarter last year, with net profit after tax at DKK 74.4 million, up DKK 16.5 million year-over-year.

• Net interest and fee income rose by 8.3% to DKK 175.2 million, driven by growth across all business areas.

• Investments in future growth include a new branch and increased staff, supporting organic expansion.

Financial highlights

• Net interest income was DKK 100.5 million, up 0.3% year-over-year; net fee income increased by DKK 9.0 million to DKK 70.5 million.

• Dividend income surged to DKK 4.2 million from DKK 68 thousand last year.

• Operating expenses rose by 7.6% to DKK 86.8 million due to higher staff and IT costs.

• Lending grew by 8.6% to DKK 7,594 million and deposits by 16.6% to DKK 10,416 million since Q1 2025.

• Basis result increased by 9.8% to DKK 91.0 million.

Outlook and guidance

• Full-year basis result expected in the range of DKK 315–335 million; pre-tax profit guidance set at DKK 310–335 million.

• Loan growth for the year is expected at 7–10%, supported by new and existing customers.