Ringkjøbing Landbobank (RILBA) Q3 2025 earnings summary

Executive summary

• Net profit after tax for Q1–Q3 2025 was DKK 1,753 million, with EPS up 4% to DKK 71.2 and a 21% annualized return on equity.

• Total core income reached DKK 3,073 million, slightly above the same period in 2024, with a cost/income ratio of 25.6%.

• Loans increased by 7.5% and deposits by 9.5% year-over-year, reflecting strong customer growth.

Financial highlights

• Net interest income for Q1–Q3 2025 was DKK 1,899 million, with net fee and commission income up 9% to DKK 829 million.

• Value adjustments contributed DKK 208 million, and total fee, commission, and FX income rose 12% to DKK 924 million.

• Core earnings before impairment charges were DKK 2,286 million; after impairment charges, DKK 2,321 million.

• Total expenses for Q1–Q3 2025 increased by 3.5%–4% year-over-year to DKK 787–776 million.

• Profit before tax was DKK 2,311 million, with an effective tax rate of 24.2%.

Outlook and guidance

• Full-year 2025 net profit is expected in the DKK 2.0–2.35 billion range, maintaining the upwardly revised guidance.

• Total income for 2025 is expected to be on par with 2024, with cost growth around 4%.

• The bank expects its current funding and capital position to cover needs for 2025 and 2026.