Ringkjoebing Landbobank profit reaches 617 million kroner, annualised return on equity 23%
Key Facts
Ringkjoebing Landbobank's net profit rose to 617 million Danish kroner in the third quarter of 2026 from 562 million kroner in the same period of 2025, according to its earnings statement published on 21 October, as it guided full-year profit expectations towards the upper end of its announced range. Return on equity for the quarter was an annualised 23%, according to the bank's earnings disclosure. Quarterly earnings per share rose 15% compared with the third quarter of the previous year, alongside the increase in reported net profit. For January to September, the bank's net profit totalled 1,811 million Danish kroner. Earnings per share for this cumulative period grew 8% year on year, compared with the faster growth recorded in the third quarter alone.
In its operating performance, the bank's core income totalled 1,099 million Danish kroner in the third quarter of 2026, according to the earnings statement it published via GlobeNewswire. This represented a 12% year-on-year increase in core income compared with the corresponding period of the previous year. Quarterly costs, meanwhile, rose 4% year on year, more slowly than core income over the same comparison period. The bank reported a cost-to-income ratio of 25.4% in its earnings disclosure, alongside the quarterly income and cost growth figures. Core earnings for January to September totalled 2,434 million Danish kroner, according to the bank's figures for the nine months.
Business growth extended to credit intermediation, which rose 12% year on year, according to the disclosure accompanying the third-quarter results. The bank cited an increase in customer numbers alongside the expansion of this activity among the business developments it reported for the period. Deposits also rose 14% from a year earlier, growing faster than credit intermediation in the annual comparison presented in the statement. On credit, the bank recorded an impairment reversal of 2 million Danish kroner during the third quarter, alongside growth in activity and deposits. This extended the period of near-zero impairment charges or reversals to 19 consecutive quarters through the third quarter of 2026, according to the bank's results.
The quarterly results follow net profit of about 1,194 million Danish kroner in the first half of 2026, according to Investing's coverage of that period's results. First-half profit equated to an annualised return on tangible equity of 22%, according to the same coverage of the bank's performance. In an earlier reaction to the first-half results, the website reported that Ringkjoebing Landbobank shares fell during trading, in coverage dated 5 August 2026. The decline cited in that coverage was 1.6%, following the announcement of results for the financial period ending in the first half of the year. The share price reached 1,752 Danish kroner at the time, according to the price cited by the website in its coverage of that day's trading.
For the 2026 financial year, the bank guided net profit expectations towards the upper end of its announced range, according to its nine-month earnings statement. The annual guidance range starts at 2.2 billion Danish kroner, with an upper limit of 2.5 billion Danish kroner. In another development for shareholders in October, the bank announced a share buyback programme worth 400 million Danish kroner, according to Investing. The programme allows the bank to buy up to 500,000 shares, within the announced buyback limits. The website said the shares targeted for repurchase were intended "for cancellation at a subsequent general meeting", under the terms of the programme the bank announced during the month.
The share buyback programme began on 12 October 2026, according to the timetable cited by Investing in its coverage of the announcement. The programme is scheduled to run until 8 January 2027, according to the end date specified in the announcement. The announced execution period therefore runs from October through the remainder of the 2026 financial year. The buyback's end date falls in January of the following year, according to the same timetable announced with the programme. Cancellation of the shares the bank intends to repurchase will be put to a subsequent general meeting, according to the stated purpose of the buyback.