Ringkjøbing Landbobank reports 23% return on equity in Q3

Ringkjøbing Landbobank, a Danish bank, announced a remarkable 23% return on equity for the first three quarters of 2026, boasting a net profit of DKK 1,811 million. The third quarter itself delivered a DKK 617 million profit, maintaining that impressive 23% return. Earnings per share climbed by 15% and 8% over the first nine months compared to the same periods in 2025.

Core earnings surged to DKK 2,434 million for the first nine months, up from DKK 2,321 million the previous year. During the third quarter, core income grew by 12%, reaching DKK 1,099 million. Operating expenses and depreciation rose by 4% to DKK 262 million, while the cost-to-income ratio remained at 25.4%. Impairment charges, which had been steadily zero for 19 quarters, saw a DKK 2 million reversal in the third quarter.

Credit intermediation expanded by 12% annually, and deposits increased by 14% annually. The bank launched a new DKK 400 million share buyback program in early October. Ringkjøbing Landbobank's ESG rating from MSCI was upgraded to AAA. Management revised the expected annual net profit to fall within the DKK 2.2-2.5 billion range. The interim report received approval from the board of directors and management.