The Danish lender Jyske Bank reported lower net profit for the first nine months of 2026 and said weaker value adjustments were the main reason core income fell 3%.
Net profit was DKK 3.68 billion, compared with DKK 3.992 billion in the same period of 2025. Earnings per share came to DKK 61, down from DKK 63, according to the bank’s Oct. 28 interim report.
Core income totaled DKK 9.666 billion, versus DKK 9.942 billion a year earlier. The value-adjustments-and-dividends item was DKK 701 million, compared with DKK 1.091 billion. Net fee and commission income increased to DKK 2.231 billion from DKK 2.073 billion, while core expenses were nearly unchanged at DKK 4.733 billion, against DKK 4.732 billion. Jyske Bank said higher business volumes and fee revenue, particularly in wealth management, helped cushion the lower contribution from value adjustments.
Loan impairment charges amounted to income of DKK 10 million for the nine-month period. Separately, post-model adjustments increased by DKK 246 million to DKK 1.9 billion amid heightened geopolitical uncertainty. At the end of September, the bank’s common equity tier 1 ratio was 15.7%, and its total capital ratio was 20.9%.
On Oct. 12, Jyske Bank raised its 2026 net profit forecast to DKK 4.7 billion to DKK 5.2 billion, from DKK 4.3 billion to DKK 5.1 billion. The corresponding earnings-per-share range is DKK 78 to DKK 87. The bank said customer activity and credit quality supported the revised outlook.
Jyske Bank described employment in Denmark as high and household and business finances as robust. It also reported continued customer activity amid geopolitical uncertainty and market volatility.
The Danish Competition and Consumer Authority approved the Formuepleje acquisition on Oct. 19. Formuepleje has about 14,000 investors and roughly DKK 40 billion under management. Jyske Bank says the purchase would expand its wealth-management business and help it reach more affluent clients. The bank expects the transaction to take effect Nov. 2.
