Ringkjøbing Landbobank (RILBA) Q2 2025 earnings summary

Executive summary

• Net profit after tax reached DKK 1,191 million for H1 2025, up slightly from H1 2024, with EPS up 6% to DKK 47.9.

• Return on equity stood at 21.4%, and the cost/income ratio improved to 25.6%.

• Credit quality remained strong, with DKK 24 million in reversals in Q1 and zero impairments in Q2.

• Loans increased by 1.5% sequentially and 9% year-over-year; deposits rose 2.5% sequentially and 8% year-over-year.

• Awarded Financial Institution of the Year for the 10th consecutive year.

Financial highlights

• Net interest income for H1 2025 was DKK 1,274 million, down from DKK 1,363 million in H1 2024.

• Net fee and commission income increased to DKK 565 million, up 11% year-over-year.

• Total core income reached DKK 2,090 million, up 2% year-over-year.

• Total expenses rose 5.2% year-over-year to DKK 534 million.

• Balance sheet total reached DKK 81,065 million, up from DKK 75,616 million a year earlier.

Outlook and guidance

• Net profit guidance for 2025 was raised to DKK 2,000–2,350 million, reflecting strong credit quality and low impairments.

• Full-year income is expected to match 2024 levels, with cost growth forecast at 4%.

• Guidance remains subject to financial market and macroeconomic developments.