Danske Bank has reported revenues and earnings that exceeded expectations in the fourth quarter. The board is proposing an extra dividend.
Total revenues amounted to 15,228 million Danish kroner (14,568), surpassing the company’s analyst consensus of 14,702 million Danish kroner.
Net interest income reached 9,453 million Danish kroner (9,244), compared to the expected 9,241 million Danish kroner.
Net fee income was 4,855 million Danish kroner (4,509), while the expectation was 4,404 million Danish kroner.
Net trading income totaled 510 million Danish kroner (559), against a consensus of 712 million Danish kroner.
Operating expenses were 6,858 million Danish kroner (6,690), with analyst consensus at 6,894 million Danish kroner.
Credit losses amounted to 35 million Danish kroner. Last year, credit losses were positive at 107 million Danish kroner. Expected credit losses were 158 million Danish kroner.
Pre-tax profit was 8,334 million Danish kroner (7,986), with expectations at 7,650 million Danish kroner.
Net profit amounted to 6,307 million Danish kroner (5,995).
The board is proposing a dividend of 16.94 Danish kroner per share. Additionally, an extra dividend of 5.78 Danish kroner is proposed. The bank also paid an extra dividend the previous year.
Danske Bank is conducting share buybacks totaling 4.5 billion Danish kroner.
The major bank expects revenues of around 58 billion Danish kroner in 2026, driven by higher core banking income and continued commercial growth. Revenues from trading and insurance are expected to remain affected by market conditions.
Operating expenses are expected to amount to 26–26.5 billion Danish kroner, with a cost/income ratio around 45 percent. Credit losses are estimated to be around 1 billion Danish kroner, and net profit is projected to land between 22–24 billion Danish kroner.
In 2025, revenues were 56.8 billion kroner and net profit 23 billion Danish kroner.