The Danish lender reported 22% annualized return on tangible equity, 13% annualized loan growth and said a new DKK 400 million share buyback program will follow the current one.
Ringkjøbing Landbobank reported net profit of DKK 1,194 million for the first half of 2026, with core earnings of DKK 1,595 million and a 22% p.a. return on tangible equity (ROTE). Core income rose marginally to DKK 2,120 million from DKK 2,090 million a year earlier, while total expenses and depreciation increased 4% to DKK 556 million, leaving the cost/income ratio at 26.2%. The bank said credit quality remained strong, with DKK 31 million of impairment charges for loans carried to income during the half-year. It also highlighted strong commercial momentum, with customer numbers rising and loans growing 13% p.a. and deposits 12% p.a. Earnings per share increased 10% in the second quarter and 5% for the half-year versus 2025. Ringkjøbing Landbobank said its DKK 400 million share buyback program is expected to be completed shortly and that a new program will be launched afterward. Moody’s reaffirmed the bank’s Aa3 long-term bank deposits rating in June 2026, and the bank said it passed the threshold for SIFI designation (systemically important financial institution) for the first time. Management also raised its 2026 net profit guidance to DKK 2.2 billion to DKK 2.5 billion.