Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025
Wednesday, 30 April 2025 ()
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 +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
*Attachments*
· RILBA-2025-03-31-en
· RILBA-2025-03-31-en
· Forklæde - Q1 2024 EN
|
||||
|
|
||||
You Might LikeRelated news from verified sources
|
||||
