Skjern Bank (SKJE) investor relations material

Executive summary

• 9M 2026 pretax profit was DKK 257.6m, up 0.6% YoY; after-tax return on opening equity was 13.8% p.a.

• Net profit rose to DKK 199.3m from DKK 183.4m; net interest and fee income increased 5.1% to DKK 514.1m.

• Lending grew 14.3% and deposits 9.8%; the capital ratio was 24.1%, with a 2.9-point buffer over the total capital requirement.

Financial highlights

• Net interest income rose 4.5% to DKK 314.6m; net fee income increased to DKK 185.8m from DKK 163.5m.

• Net interest and fee income reached DKK 514.1m, up DKK 24.7m; basis income was DKK 528.0m.

• Basis result was DKK 254.2m vs DKK 252.8m; positive fair-value adjustments were DKK 28.8m vs DKK 20.7m.

• Pretax profit was DKK 257.6m vs DKK 256.1m; net profit was DKK 199.3m vs DKK 183.4m.

• Staff and administration costs rose 10.2% to DKK 267.3m; impairment charges were DKK 8.7m vs DKK 7.3m.

Outlook and guidance

• On 2 September, full-year basis-result guidance was raised to DKK 330–350m from DKK 315–335m.

• Full-year pretax profit guidance was raised to DKK 330–355m from DKK 310–335m; lending growth was expected at 14–16%.

• Further policy-rate increases were expected, but timing remained uncertain; higher rates could ease lending-rate pressure while competition may weigh on margins.