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Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025

News Provided by GlobeNewswire2025-04-30

Nasdaq Copenhagen
London Stock Exchange
Euronext Dublin
Other stakeholders

30 April 2025

Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025

The bank’s board of directors and general management today approved the quarterly report for the first quarter of 2025.

The bank delivers core earnings of DKK 812 million and net profit of DKK 616 million in the first quarter of the year. The net profit is equivalent to a 22% p.a. return on equity.

Core earnings

(DKK million)	Q1 2025	Q1 2024	2024	2023	2022	2021
Total core income	1,056	1,040	4,068	3,828	2,862	2,433
Total expenses and depreciation	259	247	1,044	963	891	817
Core earnings before impairment charges for loans	797	793	3,024	2,865	1,971	1,616
Impairment charges for loans etc.	+24	0	+3	-1	-2	-68
Core earnings	821	793	3,027	2,864	1,969	1,548
Result for the portfolio etc.	-6	+23	+62	-7	-69	+7
Amortisation and write-downs on intangible assets	5	5	20	20	20	17
Tax	194	195	768	682	385	309
Net profit	616	616	2,301	2,155	1,495	1,229

Highlights of the first quarter of 2025

The net profit of DKK 616 million is unchanged compared to last year and equivalent to a 22% p.a. return on equity
Earnings per share (net profit) increase by 5% to DKK 24.5 in the quarter
Core income increases by 2% to DKK 1,056 million
Costs increase by 5%, and the cost/income ratio is 24.5%
Continued strong credit quality means that impairment charges of DKK 24 million were carried to income in the quarter
Highly satisfactory increase in customer numbers and growth of 10% in loans and 8% in deposits
The Ringkjøbing Landbobank brand remains in first place in the annual Voxmeter image survey
Decision to launch a new share buyback programme for DKK 1 billion
The expectations for net profit for 2025 are maintained unchanged in the range DKK 1.8 - 2.2 billion

Yours sincerely

Ringkjøbing Landbobank

John Fisker
CEO

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