Møns Bank (MNBA) Q1 2025 earnings summary

Executive summary

• Pre-tax profit of DKK 16.2 million for Q1 2025, down from DKK 21.1 million year-over-year, mainly due to lower interest rates and planned cost increases.

• Net profit for the period was DKK 14.1 million, compared to DKK 16.6 million in Q1 2024.

• Management expresses satisfaction with the result, which aligns with expectations.

Financial highlights

• Net interest and fee income totaled DKK 56.4 million, a decrease of DKK 3.0 million year-over-year.

• Operating expenses rose to DKK 45.8 million, up 11% from Q1 2024, mainly due to higher wages and new hires.

• Loan impairments increased to DKK 3.9 million from DKK 0.6 million year-over-year.

• Gains from securities amounted to DKK 9.5 million, up from DKK 3.5 million in Q1 2024.

Outlook and guidance

• Expected 2025 core operating profit (before loan impairments, securities gains, and tax) in the range of DKK 40–60 million.

• Pre-tax profit for 2025 is expected in the range of DKK 40–70 million, with uncertainty tied to loan impairments and securities gains.

• No changes to previously communicated guidance following Q1 results.