Skjern Bank (SKJE) Q3 2025 earnings summary

Executive summary

• Pre-tax profit reached DKK 256.1 million, down from DKK 284.3 million, attributed to lower interest rates but offset by strong business growth and low impairments.

• Net interest and fee income increased by 2.0% to DKK 489.4 million year-over-year.

• Return on equity after tax was 14.0% p.a.

• Business volume increased across all segments, with loan growth of 4.2% and significant expansion in mortgage credit mediation.

• Operating costs increased due to investments in new branches, staff, and IT, supporting future growth.

Financial highlights

• Net profit after tax was DKK 183.4 million, compared to DKK 211.5 million last year.

• Basis result fell by 8.1% to DKK 252.8 million.

• Loan growth was 4.2% to DKK 7,253 million; deposit growth was 16.6% to DKK 9,807 million since 30/9 2024.

• Capital ratio stood at 24.8% and core capital ratio at 23.8%.

• Loan impairments were DKK 7.3 million, lower than DKK 9.4 million last year.

Outlook and guidance

• Full-year basis result expected in the range of DKK 300–320 million.

• Full-year pre-tax profit guidance is DKK 315–335 million.

• Loan growth for the year is expected at 4–6%, supported by new and existing customer activity.