Møns Bank (MNBA) Q2 2025 earnings summary

Executive summary

• Pre-tax profit for H1 2025 was DKK 35.6m, down from DKK 49.0m year-over-year, mainly due to lower interest rates and planned growth-related costs.

• Net profit after tax was DKK 32.8m, compared to DKK 36.7m in H1 2024.

• Results are in line with expectations, reflecting a robust business model and increased customer activity.

• A new branch in Køge will open in September 2025 as part of the growth strategy.

Financial highlights

• Net interest and fee income was DKK 122.3m, down 4.6% year-over-year.

• Operating expenses rose to DKK 86.6m, up 8.5% from H1 2024, mainly due to higher staff costs.

• Basis earnings were DKK 33.6m, a 27.5% decrease from H1 2024.

• Positive market value adjustments totaled DKK 10.5m, up from DKK 2.7m last year.

• Impairment charges were DKK 8.5m, including a DKK 2.0m reversal of management estimates.

Outlook and guidance

• Full-year 2025 pre-tax profit is expected in the DKK 40–70m range, with basis earnings between DKK 40–60m.

• No change to previously announced guidance following H1 results.