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Danske Bank A/S (DNKEY)
OTHER OTC:DNKEY
Earnings Data
Report Date
Apr 30, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.57Last Year’s EPS
0.53Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: record fee income, strong asset management performance, robust commercial momentum across corporate and institutional segments, stable NII despite rate cuts, low impairments and disciplined costs in line with guidance. Challenges were noted but largely manageable: a small YoY net profit dip, some one-off Q4 effects (tax and insurance model recalibration), seasonal cost pressures and remaining PMA buffers. Management provided constructive 2026 guidance and clear capital and capital distribution plans, while emphasizing continued investments in digital and GenAI for productivity gains.Company Guidance
Record Profit Before Impairments and Strong Full-Year Net Profit
Profit before impairment charges was the best ever for Danske Bank in 2025. Net profit for the year was DKK 23.0 billion (down from DKK 23.6 billion in 2024), delivering a robust return on equity of 13.3%.
Full Distribution of 2025 Earnings and Shareholder Returns
Management proposed to distribute the full 2025 net profit: ordinary dividend equal to 60% of earnings, an extraordinary dividend equal to 20%, total dividend per share of DKK 22.7, plus a new DKK 4.5 billion share buyback program (total payout ratio of 100%).
Net Interest Income (NII) Stability and Quarter-on-Quarter Improvement
NII for the full year was unchanged versus 2024 (mitigated lower rates via higher volumes, improved lending margins and structural hedge). Relative to the prior quarter, NII increased more than 4% (driven in part by a DKK 200 million tax-related effect; excluding that effect NII was up ~2% QoQ).
Record Fee Income and Asset Management Outperformance
Fee income reached a record high of over DKK 15 billion in 2025, up 3% year-on-year. Q4 fee income rose 39% quarter-on-quarter, led by record-high performance fees. Performance fees were DKK 0.9 billion (up 27% year-on-year) and performance fees in Q4 were ~40% higher than Q4 2024.
Assets Under Management and Investment Momentum
AUM ended the year at an all-time high of over DKK 1 trillion. In LC&I, assets under management grew 16% year-on-year, supported by strong net inflows and new institutional mandates.
Commercial Momentum and Lending Growth Across Segments
Large Corporate & Institutions (LC&I) corporate lending grew ~14% year-on-year (supporting a 15% increase in NII in that business). Business customers saw lending and deposit volumes up 5% year-on-year and total income up 8% YoY. Personal customers saw lending up 1% and deposits up 5% YoY; Danske Bolig Fri lending grew 44% YoY to >DKK 70 billion.
Controlled Costs in Line With Guidance
Operating expenses for 2025 were in line with guidance at DKK 25.85 billion (within the guidance of up to DKK 26 billion). Cost/income ratio improved slightly to 45.5% and management expects expenses of DKK 26.0–26.5 billion for 2026 with a target cost/income ratio around 45%.
Strong Asset Quality and Low Impairments
Full-year loan impairment charges were DKK 294 million (around 2 basis points of the loan portfolio). Q4 impairment charges were very low at DKK 35 million, and Q4 included net releases from post-model adjustments of DKK 300 million reflecting improved visibility in certain sectors.
Clear 2026 Financial Outlook
Management expects 2026 net profit between DKK 22 billion and DKK 24 billion, total income around DKK 58 billion (driven by growing core banking income), expenses DKK 26–26.5 billion, cost/income ratio ~45% and loan impairment charges around DKK 1 billion (below normalized level).
DNKEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DNKEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $26.25 | $26.11 | -0.54% |
Oct 31, 2025 | $21.74 | $22.36 | +2.86% |
Jul 18, 2025 | $19.73 | $19.89 | +0.83% |
May 02, 2025 | $17.35 | $18.54 | +6.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Danske Bank A/S (DNKEY) report earnings?
Danske Bank A/S (DNKEY) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).
What is Danske Bank A/S (DNKEY) earnings time?
Danske Bank A/S (DNKEY) earnings time is at Apr 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DNKEY EPS forecast?
DNKEY EPS forecast for the fiscal quarter 2026 (Q1) is 0.57.