Djurslands Bank (DJUR) Q1 2026 earnings summary

Executive summary

• Result before tax for Q1 2026 was DKK 74 million, a 3.3% decrease year-over-year, mainly due to lower bond revaluations from rising interest rates.

• Customer base and business volume continued to grow, with strong activity in the housing market and increased lending.

• The bank maintains a robust risk profile and high credit quality, with negligible loan losses.

Financial highlights

• Net interest income rose 5.6% to DKK 96 million; net fee and commission income increased 12.4% to DKK 65 million year-over-year.

• Total lending grew 7.1% to DKK 6.0 billion, and deposits rose 13.0% to DKK 11.2 billion compared to Q1 2025.

• Assets under management reached DKK 24.9 billion, up 14.4% year-over-year.

• Operating expenses were stable at DKK 98 million.

• Return on average equity before tax was 15.4%.

• Earnings per share for Q1 was DKK 20.1.

Outlook and guidance

• Full-year 2026 pre-tax profit is expected in the range of DKK 240–280 million, guidance unchanged.