Skjern Bank (SKJE) Q3 2025 earnings summary

Executive summary

• Result before tax reached DKK 256.1 million, down from DKK 284.3 million as of September 30, 2024, attributed to lower interest rates but offset by strong business growth and low impairments.

• Business volume increased across all segments, with loan growth of 4.2% and significant expansion in mortgage credit mediation.

• Net fee and commission income rose by 17.4 million to DKK 163.5 million, driven by higher activity in housing and investment.

• Operating costs increased due to investments in new branches, staff, and IT, supporting future growth.

Financial highlights

• Net interest and fee income increased by 2.0% to DKK 489.4 million compared to the same period last year.

• Result before tax was DKK 256.1 million, a decrease from DKK 284.3 million year-over-year.

• Net profit after tax was DKK 183.4 million, down from DKK 211.5 million.

• Basis result was DKK 252.8 million, compared to DKK 275.1 million in 2024.

• Loan impairments were DKK 7.3 million, lower than DKK 9.4 million last year.

Outlook and guidance

• Full-year guidance for basis result was raised to DKK 300–320 million, and result before tax to DKK 315–335 million, reflecting strong business momentum and low impairments.

• Loan growth for the year is expected at 4–6%, supported by new and existing customer activity.