Ringkjøbing Landbobank (RILBA) investor relations material

Executive summary

• Net profit after tax reached DKK 585 million in Q1 2026, up from DKK 560 million in Q4 2025, with EPS rising 6% sequentially to DKK 24.3.

• Total core income increased 3% quarter-over-quarter to DKK 1,049 million, slightly below Q1 2025; core earnings before impairment charges were DKK 782 million.

• Loans grew by 3.2% in Q1 and 14.4% year-over-year to DKK 64.6 billion, while deposits rose 2.4% in Q1 and 10.3% year-over-year to DKK 62.8 billion.

• Credit quality remains strong, with DKK 16 million in impairment reversals and low net losses.

• Ongoing DKK 500 million share buyback to complete in May, with a new DKK 400 million program to follow.

Financial highlights

• Return on tangible equity stood at 22.3% for Q1 2026.

• Cost/income ratio was 25.5%, maintaining the lowest level in Denmark.

• Net interest income was DKK 632 million, with net fee and commission income at DKK 313 million, up 7% year-over-year.

• Total expenses increased 3.4% year-over-year to DKK 267 million; staff and administration expenses rose 3.5% to DKK 264 million.

• CET1 capital ratio at 16.0%, total capital ratio at 21.0%, and LCR at 183%.

Outlook and guidance

• Net profit guidance for 2026 maintained at DKK 2.0–2.4 billion.

• Full-year cost growth projected at approximately 4% over 2025.