Ringkjøbing Landbobank Raises Profit Forecast After Strong Q3 Results

Ringkjøbing Landbobank revised its expected annual net profit to the upper end of the DKK 2.2-2.5 billion range following strong financial performance in the first three quarters of 2026. The bank reported a total net profit of DKK 1,811 million for the period, representing a 23% annual return on tangible equity.

For the third quarter specifically, the bank earned a net profit of DKK 617 million. Core income rose 12% over the same period in 2025 to DKK 1,099 million. This growth was supported by a 14% increase in deposits and a 12% annual rise in credit intermediation.

In early October, the bank initiated a new DKK 400 million share buyback program. Additionally, the institution saw its MSCI ESG rating raised to AAA.