SJF Bank Posts DKK 502 Million in Net Profit for First Nine Months of 2026

Key Facts

SJF Bank reported on November 10, 2026, net profit after tax of DKK 502 million for the first nine months, with profit before tax of DKK 649 million. The bank said the period was marked by strong growth in its total business volume and an improvement in core income. Results showed core income rising 19% to DKK 677 million, while total business volume increased 12% to DKK 130 billion. The results were published in the third-quarter report, which the bank had listed on its financial calendar for the same date. The bank had revised its full-year outlook on October 12, before the nine-month results were released, citing growth in its main business areas and better-than-expected core income.

Growth in core income reflected an improvement in banking revenue streams during the period. Net interest income rose 6%, and net fee income increased 9%, according to the bank’s announcement. Meanwhile, total costs fell 3% to DKK 720 million. The combination of revenue growth and lower costs accompanied the rise in core income to DKK 677 million, up 19% from the comparable period, according to the bank. These indicators provide a picture of operating performance for the nine months, alongside the final profit figures before and after tax.

SJF raised its estimate for full-year profit before tax in October, saying the revision followed continued very satisfactory growth in its most important business areas and a greater-than-expected improvement in core income. The outlook update therefore preceded the announcement of the nine-month results by about a month; it was not a decision made by the bank after their release. The subsequent period’s figures provide indicators of the business trajectory the bank cited when explaining its revised outlook. Profit after tax was DKK 502 million, while profit before tax reached DKK 649 million through the end of the first nine months. The results announcement cited here did not provide a new full-year outlook figure.

On capital, the capital adequacy ratio, including current earnings, was 23.1% in the nine-month report. The bank presented the indicator alongside profits and business-volume growth in its account of its financial position during the period. The report also included the bank’s new strategy, “Towards New Horizons,” which sets out its development path through 2030 and includes financial targets. The strategy extends beyond the current annual results, setting a framework for the bank’s direction over the coming years. The results announcement cited here did not provide further numerical details about those targets.

The nine-month performance provides context for the development of core income amid the interest-rate environment. In its 2025 report, the bank said the general decline in interest rates had naturally reduced interest income, but it maintained core income at the same high level recorded the previous year. The bank attributed this to demand for advisory services and financial solutions, as well as growth in assets under management. In the first nine months of 2026, net interest income rose 6%, alongside a 9% increase in fee income. This was reflected in the results the bank announced in its third-quarter report, without changing the timeline of the full-year outlook revision that preceded the report.