Slides
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Presentation for Q3 conference call Financial results – Q3 2025 Carsten Egeriis Chief Executive Officer Cecile Hillary Chief Financial Officer
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Danske Bank 2 Financial results – Q3 2025 Highlights: Consistent financial performance supported by resilient NII and uplift in fee income from healthy activity in solid Nordic economies Strong capital and liquidity CET1 ratio of 18.7% (390bps above req.) LCR ratio of 158% Cost/income 45.6% 2026 target: ~45% Reflecting continued cost discipline (-1% Q/Q) Net profit 9M25 DKK 16.7bn - ROE 12.9% 2026 target: 13% DKK 21 – 23bn FY 2025 net profit now expected to be in the upper end of the range, driven by NII trend and improved outlook for loan impairments Strong credit quality Loan loss ratio of 2bps. Minor revision of macro scenarios and PMA buffer kept unchanged Commercial momentum Strong corporate activity underpinned by growing business volumes Q324 Q225 Q325 1,034 1,074 1,062 +3% Deposits** Q324 Q225 Q325 1,670 1,726 1,743 +4% Lending** Group lending, deposits and AuM (DKK bn) ➢ Benign operating environment and economic backdrop, particularly in Denmark, underpin strong asset quality and FY net profit outlook ➢ Solid financial performance with net profit of DKK 16.7bn supported by core income lines (NII + fee), disciplined cost management and net reversal of impairments in Q3 ➢ Commercial momentum evidenced by solid development in lending and deposit volumes as well as AuM. Growing corporate activity and momentum in gaining market shares* Commercial highlights *Non-financial corporates, Source: Central bank lending market shares, **Adjusted for PC Norway divestment Q324 Q225 Q325 861 903 954 +11% AuM
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Danske Bank 3 Financial results – Q3 2025 50 55 51 Q324 Q225 Q325 Y/Y total income decreased 2% when adjusted for the divestment of PC NO in Q424, as the impact of lower policy rates was mitigated by activity related fee income Q/Q income driven by higher NII due to elevated deposit volumes along with change in hedge allocation framework offsetting impact from lower rates. Fee income increased 8% Q/Q driven by all fee categories Lending volumes stable across personal and private banking, with growth in DK bank home lending offsetting decline in Realkredit Danmark lending volumes Sustained traction in Private Banking, incl. new customer inflow and record AuM Continued delivery on F28 objectives, incl. new digital solutions and customer flow in targeted segments Personal Customers: Stable financial performance as deposit growth and customer activity mitigate impact of lower central bank rates *Highlight figures exclude PC NO which was divested in Q424 Highlights* Financial performance KPIs Nominal lending and deposits* (DKK bn) Q324 Q225 Q325 388 403 398 +2% Deposits 177 4,593 Q324 Q225 Q325 4,193 4,484 Total income PC NO (DKK m) 32 30 33 Q324 Q225 Q325 ROAC (%) 2026 target (~29%) Cost/income (%) 2026 target (<50%) 420 409 403 242 252 261 Q324 Q225 Q325 662 661 664 0% Lending RD