Skjern Bank (SKJE) Q4 2024 earnings summary

Executive summary

• Achieved the best year in history with a 6.0% increase in pre-tax profit to DKK 364.6 million compared to 2023.

• Return on equity before tax reached 22.0%.

• Net profit after tax rose to DKK 274.1 million from DKK 258.0 million year-over-year.

Financial highlights

• Net interest and fee income increased by 7.0% to DKK 635.0 million.

• Core earnings rose by 6.5% to DKK 357.6 million.

• Loan portfolio grew by 3.5% to DKK 6,963 million; deposits up 7.4% to DKK 8,893 million.

• Cost base for personnel and administration increased to DKK 280.5 million.

Outlook and guidance

• Pre-tax profit for 2025 is expected in the range of DKK 280–310 million.