Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025

Core Viewpoint - Ringkjøbing Landbobank reported stable net profit of DKK 616 million for Q1 2025, maintaining a 22% annual return on equity [1][3] Financial Performance - Core earnings reached DKK 812 million, with total core income increasing by 2% to DKK 1,056 million compared to Q1 2024 [1][3] - Total expenses rose by 5% to DKK 259 million, resulting in a cost/income ratio of 24.5% [3] - Earnings per share increased by 5% to DKK 24.5 [3] Loan and Deposit Growth - The bank experienced a 10% growth in loans and an 8% increase in deposits, alongside a satisfactory rise in customer numbers [3] Impairment and Credit Quality - Impairment charges for loans were recorded at DKK 24 million, reflecting continued strong credit quality [3] Shareholder Returns - The bank announced a new share buyback program valued at DKK 1 billion [3] Future Outlook - Expectations for net profit in 2025 remain unchanged, projected in the range of DKK 1.8 billion to DKK 2.2 billion [3]