Sydbank’s Interim Report – Q1-Q3 2025

Core Insights - Sydbank has reported strong financial performance with a profit of DKK 1,922 million, achieving a return on equity of 17.4% for the first three quarters of the year [2] - The bank has seen growth in customer satisfaction across all segments, particularly in retail banking, which has led to an increase in credit intermediation of DKK 3.6 billion [1][2] - A merger agreement has been reached between Sydbank, Arbejdernes Landsbank, and Vestjysk Bank, aiming to enhance competitiveness and long-term value creation in the Danish banking market [1] Financial Performance - Profit for the period stands at DKK 1,922 million, equating to a return on equity of 17.4% after tax [2] - Core income is reported at DKK 4,986 million, a decrease from DKK 5,447 million in the same period of 2024 [2] - Trading income has decreased to DKK 204 million from DKK 223 million in Q1-Q3 2024 [2] - Costs related to core earnings have increased to DKK 2,576 million from DKK 2,453 million in the previous year [2] - Loans and advances have risen to DKK 83.3 billion, up from DKK 82.5 billion at year-end 2024 [2] - Deposits have increased to DKK 119.1 billion from DKK 116.7 billion at year-end 2024 [2] - Impairment charges for loans and advances have risen to DKK 115 million from DKK 87 million in Q1-Q3 2024 [2] - The CET1 ratio is reported at 17.3%, slightly down from 17.8% at year-end 2024 [2] Customer Satisfaction - The annual Aalund Business Research poll indicates a record high level of customer satisfaction among corporate clients, scoring 8.4, the highest among banks [2] Future Outlook - The company expects profit after tax for 2025 to be in the range of DKK 2,400 million to DKK 2,600 million, subject to uncertainties in financial markets and macroeconomic factors [3]