Corporate announcement 20261012
Earnings per share outlook for 2026 raised to DKK 78-87
Jyske Bank expects a net profit of DKK 4.7bn-5.2bn in 2026, corresponding to earnings per share of DKK 78-87. Previously, expectations were for a net profit of DKK 4.3bn-5.1bn, corresponding to earnings per share of DKK 71-85.
The upgraded guidance reflects a broad-based positive development driven by strong customer activity and continued solid credit quality, resulting in a net profit of DKK 3,680 million for the first nine months of 2026.
| Core profit and net profit for the period (DKKm) | ||||||||
| Q1-Q3 2026 | Q1-Q3 2025 | Index 26/25 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | |
| Net interest income | 6,586 | 6,629 | 99 | 2,270 | 2,177 | 2,139 | 2,213 | 2,187 |
| Net fee and commission income | 2,231 | 2,073 | 108 | 773 | 697 | 761 | 966 | 689 |
| Value adjustments and dividends | 701 | 1,091 | 64 | 177 | 499 | 25 | 480 | 512 |
| Other income | 62 | 67 | 93 | 21 | 16 | 25 | 38 | 32 |
| Income from operating lease (net) | 86 | 82 | 105 | 35 | 18 | 33 | 15 | 19 |
| Core income | 9,666 | 9,942 | 97 | 3,276 | 3,407 | 2,983 | 3,712 | 3,439 |
| Core expenses* | 4,733 | 4,732 | 100 | 1,605 | 1,593 | 1,535 | 1,859 | 1,537 |
| Core profit before loan impairment charges | 4,933 | 5,210 | 95 | 1,671 | 1,814 | 1,448 | 1,853 | 1,902 |
| Loan impairment charges | -10 | -22 | - | -50 | 11 | 29 | 24 | 25 |
| Core profit | 4,943 | 5,232 | 94 | 1,721 | 1,803 | 1,419 | 1,829 | 1,877 |
| Investment portfolio earnings | 34 | 127 | 27 | 6 | 28 | 0 | 69 | 52 |
| Pre-tax profit | 4,977 | 5,359 | 93 | 1,727 | 1,831 | 1,419 | 1,898 | 1,929 |
| Tax | 1,297 | 1,367 | 95 | 449 | 478 | 370 | 476 | 474 |
| Net profit for the period | 3,680 | 3,992 | 92 | 1,278 | 1,353 | 1,049 | 1,422 | 1,455 |
| Interest expense on additional tier 1 capital, recognised on equity | 198 | 198 | 100 | 67 | 66 | 65 | 66 | 67 |
| Summary of balance sheet, end of period (DKKbn) | ||||||||
| Loans and advances | 578.5 | 572.9 | 101 | 578.5 | 582.2 | 575 | 577.2 | 572.9 |
| - of which mortgage loans** | 382.8 | 375.9 | 102 | 382.8 | 384.3 | 378.7 | 377.3 | 375.9 |
| - of which bank loans | 143.1 | 140.4 | 102 | 143.1 | 141.8 | 140.1 | 141 | 140.4 |
| - of which repo loans | 52.6 | 56.6 | 93 | 52.6 | 56.1 | 56.2 | 58.9 | 56.6 |
| Bonds and shares, etc. | 110.6 | 114.7 | 96 | 110.6 | 109.4 | 114.1 | 114.7 | 114.7 |
| Total assets | 760.3 | 745.1 | 102 | 760.3 | 755.4 | 754.6 | 777.1 | 745.1 |
| Deposits | 211.7 | 201.3 | 105 | 211.7 | 207.7 | 210 | 208.1 | 201.3 |
| - of which bank deposits | 202.4 | 190.5 | 106 | 202.4 | 202.1 | 199.8 | 196.5 | 190.5 |
| - of which repo and triparty deposits | 9.3 | 10.8 | 86 | 9.3 | 5.6 | 10.2 | 11.6 | 10.8 |
| Issued bonds at fair value | 366.8 | 368.9 | 99 | 366.8 | 365.7 | 367.8 | 374.9 | 368.9 |
| Issued bonds at amortised cost | 63.9 | 53.2 | 120 | 63.9 | 57.8 | 53.3 | 65.4 | 53.2 |
| Subordinated debt | 8.2 | 11.4 | 72 | 8.2 | 8.5 | 8.4 | 11.4 | 11.4 |
| Holders of AT1 capital | 4.9 | 4.9 | 100 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 |
| Shareholders' equity | 47.2 | 46.7 | 101 | 47.2 | 46.8 | 46.2 | 47.4 | 46.7 |
* Includes one-off costs of DKK 16m recognised in Q3 2026.
** Nominal mortgage loans increased to DKK 406.8bn at the end of Q3 2026 from DKK 402.2bn at the end of Q2 2026.
Jyske Bank's Interim Financial Report for Q1-Q3 2026 is expected to be published on 28 October 2026.
Yours faithfully,
Jyske Bank
Contact:
Lars Mørch, CEO, tel. +45 89 89 23 63
Birger Krøgh Nielsen, CFO, tel. +45 25 26 92 42