Q1 2026 Danske Bank A/S Earnings Call Transcript

Apr 30, 2026 / 06:30AM GMT

Release Date Price: €43.91 (+0.60%)

Transcript

Key Points

Positve

Danske Bank AS (DNKEY) reported a solid start to 2026 with a net profit of DKK5.7 billion and a return on equity of 13.1%.
The bank announced an extraordinary dividend payment of DKK5 billion, reflecting its strong capital position.
Danske Bank AS (DNKEY) is raising its financial ambitions for 2028, targeting a return on equity above 14.5% and a cost/income ratio no greater than 43%.
The bank experienced strong customer activity across segments, leading to higher loan and deposit volumes.
Danske Bank AS (DNKEY) is making significant investments in technology and AI, aiming for DKK2 billion in annual productivity benefits by 2028.

Negative

Total income declined quarter-on-quarter due to seasonality and volatile financial markets impacting trading income.
Operating expenses increased slightly year-on-year, driven by inflation and investments.
The bank's lending margins were impacted by competitive pricing pressure.
Income from large corporates and institutions was affected by seasonality and performance fees, leading to a slight decline in ROAC.
The bank's growth assumptions for lending and deposit growth are considered cautious, potentially underestimating future market conditions.

Claus Jensen;S;Head of Investor Relations

Danske Bank A

/-

Good morning, everyone. Welcome to the conference call for Danske Bank's financial results for the first quarter of 2026. My name is Claus Ingar Jensen, and I'm Head of Danske Bank's Investor Relations. With me today, I have CEO Carsten Egeriis; and our CFO, Cecile Hillary.

The presentation today will be extended as it will include an update on our Forward '28 strategy. We aim to keep this presentation at around 35 minutes. After the presentation, we will open up for a Q&A session as usual. And afterwards, feel free to contact the IR department if you have any more questions.

I will now hand over to Carsten. Slide 2, please.

Carsten Rasch Egeriis;S;Chief Executive Officer

Danske Bank A

/-

Yes. Thank you, Claus. And I would also like to welcome you to our conference call where I am pleased to share the highlights of Danske Bank's financial results for Q1 and present an update on our Forward '28 strategy. Let me start

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.