Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — Q3 2026 Earnings Presentation
12 slides from Danske Bank A/s's earnings presentation, Oct 29, 2026
Slide 1: Financial results – Q3 2026
Financial results – Q3 2026 Presentation for Q3 conference call Carsten Egeriis Cecile Hillary Chief Executive Officer Chief Financial Officer Danske Bank 1
Slide 2: Executive summary: Solid financial performance driven by good commercial activity and strategic execution
Financial results – Q3 2026 Executive summary: Solid financial performance driven by good commercial activity and strategic execution Financial highlights for Q3 Commercial highlights Q3 26 net profit ➢ Good operating environment and macro backdrop in the Nordic countries underpin commercial activit
Slide 3: Business units: Customer activity across segments drives resilient income and profitability
Financial results – Q3 2026 Business units: Customer activity across segments drives resilient income and profitability Personal Customers Business Customers Large Corporates & Institutions Highlights ➢ Higher income vs. Q3 25 driven by customer ➢ Income growth driven by higher customer activity ➢ T
Slide 4: Strong financial performance in the core income lines and cost management in line with plan
Financial results – Q3 2026 Strong financial performance in the core income lines and cost management in line with plan Income statement (DKK m) Highlights 9M 26 9M 25 Index Q3 26 Q2 26 Index ➢ 9M 26/9M 25: Total income supported by growing core income with NII and fee Net interest income 28,280 27,
Slide 5: NII: Solid NII underpinned by positive trend in volumes, deposit margins and structural hedge
Financial results – Q3 2026 NII: Solid NII underpinned by positive trend in volumes, deposit margins and stability derived from structural hedge Highlights NII 9M26 vs 9M25 (DKK m) Net deposit yield*** (%) +4% 3.0 Growing NII trajectory +4% Y/Y from improved 239 2.68 2.5 2.50 2.44 2.32 volumes and s
Slide 6: Fee income: Strong fee income up 14% Y/Y driven by all fee categories
Financial results – Q3 2026 Fee income: Strong fee income up 14% Y/Y driven by all fee categories and solid customer activity; stable performance Q/Q despite seasonal slowdown Highlights Net fee income (DKK m) Everyday banking fee income (e.g. transfers, +14% accounts) 12,048 Customer demand for FX
Slide 7: Trading income: Lower customer activity in secondary fixed income markets
Financial results – Q3 2026 Trading income: Lower customer activity in secondary fixed income markets and negative fair value effects in Group Treasury Highlights Net trading income (DKK m) LC&I -37% Y/Y: Result primarily driven by lower customer 2,362 activity in fixed income market making Q/Q: Bet
Slide 8: Expenses: In line with FY guidance of DKK 26 – 26.5bn; continued strategic investments
Financial results – Q3 2026 Expenses: In line with FY guidance of DKK 26 – 26.5bn; continued strategic investments following the F’28 strategy plan Highlights Expenses (DKK m) +2% Cost/income ratio for Q3 2026 at 43.9% and for 19,386 9M 2026 at [44.2%] 291 Cost trajectory in line with full-year guid
Slide 9: Asset quality: Strong credit quality and prudent macro scenarios
Financial results – Q3 2026 Asset quality: Strong credit quality and prudent macro scenarios Highlights Impairment charges by category (DKK m) Credit quality deterioration PMAs Macro models Diversified and low-risk credit portfolio underpins strong credit quality and drove 217 291 35 net reversals o
Slide 10: Capital: Strong capital generation with CET1 capital ratio of 17.2%
Financial results – Q3 2026 Capital: Strong capital generation with CET1 capital ratio of 17.2% Highlights CET1 development (%) CET1 buffer CET1 capital requirement Capital position remained strong with CET1 capital ratio increasing to 17.2% driven by retained earnings post the accrual of dividend 1
Slide 11: Financial outlook for 2026: Net profit guidance range narrowed to DKK 24 – 25bn
Financial results – Q3 2026 Financial outlook for 2026: Net profit guidance range narrowed from DKK 23 – 25bn to DKK 24 –25bn We expect total income to be somewhat above DKK 59 billion driven by higher core banking income from higher customer activity, growing volumes, and recent policy rate hikes I
Slide 12: Q&A Session
Q&A Session Press *11 to ask a question Danske Bank 12