SJF Bank (SJF) Q2 2026 earnings summary

Executive summary

• Net profit after tax reached 326 million DKK, with a return on equity of 12.7% p.a. and pre-tax profit of 428 million DKK.

• Business volume increased 12% to 127.5 billion DKK, driven by strong growth in lending, deposits, and wealth management.

• Cost discipline improved, with total costs down 1% and a cost/income ratio of 52.1%.

• Full-year pre-tax profit guidance was raised to 750–825 million DKK.

Financial highlights

• Net interest income rose 4% to 481 million DKK; net fee and commission income increased 10% to 355 million DKK.

• Operating profit (basisindtjening/core earnings) grew 15% to 445 million DKK.

• Lending increased 13% to 15.6 billion DKK; deposits rose 12% to 26.0 billion DKK.

• Total credit intermediation reached 73.8 billion DKK, up 11% year-over-year.

• Earnings per share at 19.0 DKK.

Outlook and guidance

• Full-year pre-tax profit guidance raised to 750–825 million DKK, reflecting strong first-half performance and business momentum.

• Continued growth in business volume and robust earnings are expected in coming quarters.

• A new strategy towards 2030 will be announced in Q4 2026.