Denmark · Delayed Price · Currency is DKK Jyske Bank Earnings Call Transcripts
Fiscal Year 2025
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2025 results exceeded guidance with 18% EPS growth in Q4, strong capital, and record DKK 4.5B capital distribution. 2026 outlook remains positive, with stable credit quality, cost initiatives, and continued market share gains in mortgages.
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Q3 2025 saw record earnings per share, strong net profit, and improved customer satisfaction, prompting an upgraded full-year outlook. Credit quality remains robust, costs are stable, and the Danish economy is resilient, supporting continued momentum.
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Q2 2025 saw robust earnings, record customer satisfaction, and strong capital, with net profit up 2% and CET1 at 16.3%. Guidance was raised to the upper end of the outlook, though NII faces pressure from low rates and margin mitigation options are nearly exhausted.
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Q1 2025 saw strong EPS and fee income growth, cost reductions, and record mortgage lending to individuals, despite lower rates and increased macro uncertainty. CET1 ratio dropped to 15.7% due to Basel IV, with capital and risk buffers managed prudently.
Fiscal Year 2024
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Delivered record-high net fee income and reached the top of profit guidance for 2024, supported by strong AUM growth and resilient credit quality. Announced a historic DKK 3.8 billion capital return, with 2025 guidance reflecting macro and rate uncertainties.
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Q3 saw strong profitability and capital ratios, prompting an upgrade to 2024 net profit guidance. Strategic focus is on cost efficiency, digitalization, and leveraging new market opportunities, with 2028 targets set for double-digit returns and a cost-to-income ratio below 50%.
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Q2 2024 net profit rose 12% year-over-year to DKK 1.3 billion, with strong AUM growth and stable capital ratios. Guidance now targets the upper half of the DKK 4.3–5.1 billion range, but margin pressure and cost inflation persist amid ongoing deposit migration and regulatory uncertainty.