Reported Earnings • May 11
First quarter 2026 earnings released: EPS: kr.24.60 (vs kr.25.70 in 1Q 2025) First quarter 2026 results: EPS: kr.24.60 (down from kr.25.70 in 1Q 2025). Revenue: kr.384.6m (up 3.4% from 1Q 2025). Net income: kr.85.0m (down 4.6% from 1Q 2025). Profit margin: 22% (down from 24% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 25
Dividend of kr.20.00 announced Dividend of kr.20.00 is the same as last year. Ex-date: 10th March 2026 Payment date: 12th March 2026 Dividend yield will be 1.6%, which is lower than the industry average of 5.6%. Sustainability & Growth The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공고 • Feb 24
Lån & Spar Bank A/S announces Annual dividend, payable on March 12, 2026 Lån & Spar Bank A/S announced Annual dividend of DKK 20.0000 per share payable on March 12, 2026, ex-date on March 10, 2026 and record date on March 11, 2026. New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Danish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr.1,280, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Banks industry in Denmark. Total returns to shareholders of 110% over the past three years. Reported Earnings • Feb 07
Full year 2025 earnings released: EPS: kr.119 (vs kr.134 in FY 2024) Full year 2025 results: EPS: kr.119 (down from kr.134 in FY 2024). Revenue: kr.1.58b (up 1.0% from FY 2024). Net income: kr.411.3m (down 11% from FY 2024). Profit margin: 26% (down from 30% in FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.1,440, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the Banks industry in Denmark. Total returns to shareholders of 140% over the past three years. New Risk • Dec 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to kr.1,410, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 10x in the Banks industry in Denmark. Total returns to shareholders of 135% over the past three years. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: kr.37.50 (vs kr.44.30 in 3Q 2024) Third quarter 2025 results: EPS: kr.37.50 (down from kr.44.30 in 3Q 2024). Revenue: kr.416.6m (down 3.2% from 3Q 2024). Net income: kr.129.8m (down 16% from 3Q 2024). Profit margin: 31% (down from 36% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr.1,190, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 10x in the Banks industry in Denmark. Total returns to shareholders of 95% over the past three years. 공고 • Oct 13
Lån & Spar Bank A/S, Annual General Meeting, Mar 09, 2026 Lån & Spar Bank A/S, Annual General Meeting, Mar 09, 2026. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: kr.33.60 (vs kr.33.80 in 2Q 2024) Second quarter 2025 results: EPS: kr.33.60 (down from kr.33.80 in 2Q 2024). Revenue: kr.417.2m (up 5.3% from 2Q 2024). Net income: kr.116.2m (flat on 2Q 2024). Profit margin: 28% (down from 30% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 05
Upcoming dividend of kr.20.00 per share Eligible shareholders must have bought the stock before 12 March 2025. Payment date: 14 March 2025. Payout ratio is a comfortable 15% and the cash payout ratio is 82%. Trailing yield: 2.5%. Lower than top quartile of Danish dividend payers (5.5%). Lower than average of industry peers (6.4%). Reported Earnings • Feb 09
Full year 2024 earnings released: EPS: kr.134 (vs kr.137 in FY 2023) Full year 2024 results: EPS: kr.134 (down from kr.137 in FY 2023). Revenue: kr.1.56b (up 5.7% from FY 2023). Net income: kr.462.6m (down 2.2% from FY 2023). Profit margin: 30% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: kr.44.30 (vs kr.34.10 in 3Q 2023) Third quarter 2024 results: EPS: kr.44.30 (up from kr.34.10 in 3Q 2023). Revenue: kr.430.6m (up 19% from 3Q 2023). Net income: kr.153.6m (up 30% from 3Q 2023). Profit margin: 36% (up from 33% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 공고 • Oct 21
Lån & Spar Bank A/S, Annual General Meeting, Mar 11, 2025 Lån & Spar Bank A/S, Annual General Meeting, Mar 11, 2025. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: kr.33.80 (vs kr.31.90 in 2Q 2023) Second quarter 2024 results: EPS: kr.33.80 (up from kr.31.90 in 2Q 2023). Revenue: kr.396.2m (up 12% from 2Q 2023). Net income: kr.116.7m (up 5.7% from 2Q 2023). Profit margin: 30% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: kr.33.00 (vs kr.34.40 in 1Q 2023) First quarter 2024 results: EPS: kr.33.00 (down from kr.34.40 in 1Q 2023). Revenue: kr.380.6m (up 8.5% from 1Q 2023). Net income: kr.114.0m (down 3.9% from 1Q 2023). Profit margin: 30% (down from 34% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 05
Upcoming dividend of kr.20.00 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 14 March 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Danish dividend payers (5.1%). Lower than average of industry peers (6.2%). Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: kr.137 (vs kr.58.73 in FY 2022) Full year 2023 results: EPS: kr.137 (up from kr.58.73 in FY 2022). Revenue: kr.1.48b (up 45% from FY 2022). Net income: kr.473.0m (up 133% from FY 2022). Profit margin: 32% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: kr.31.90 (vs kr.12.70 in 2Q 2022) Second quarter 2023 results: EPS: kr.31.90 (up from kr.12.70 in 2Q 2022). Revenue: kr.353.5m (up 46% from 2Q 2022). Net income: kr.110.4m (up 151% from 2Q 2022). Profit margin: 31% (up from 18% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: kr.34.40 (vs kr.10.90 in 1Q 2022) First quarter 2023 results: EPS: kr.34.40 (up from kr.10.90 in 1Q 2022). Revenue: kr.350.9m (up 52% from 1Q 2022). Net income: kr.118.7m (up 216% from 1Q 2022). Profit margin: 34% (up from 16% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Mar 14
Upcoming dividend of kr.10.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 21 March 2023. Payment date: 23 March 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Danish dividend payers (5.3%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr.58.70 (vs kr.58.57 in FY 2021) Full year 2022 results: EPS: kr.58.70 (up from kr.58.57 in FY 2021). Revenue: kr.1.02b (up 3.6% from FY 2021). Net income: kr.203.0m (flat on FY 2021). Profit margin: 20% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 11 non-independent directors. Director Preben Pedersen was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: kr.12.70 (vs kr.17.40 in 2Q 2021) Second quarter 2022 results: EPS: kr.12.70 (down from kr.17.40 in 2Q 2021). Revenue: kr.242.7m (down 1.9% from 2Q 2021). Net income: kr.44.0m (down 27% from 2Q 2021). Profit margin: 18% (down from 24% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 08
Upcoming dividend of kr.10.00 per share Eligible shareholders must have bought the stock before 15 March 2022. Payment date: 17 March 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Danish dividend payers (4.8%). Lower than average of industry peers (6.1%). Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS kr.17.40 (vs kr.13.97 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.247.4m (up 1.0% from 2Q 2020). Net income: kr.60.1m (up 24% from 2Q 2020). Profit margin: 24% (up from 20% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 02
Upcoming Dividend of kr.8.00 Per Share Will be paid on the 11th of March to those who are registered shareholders by the 9th of March. The trailing yield of 2.0% is below the top quartile of Danish dividend payers (3.9%), but is in line with industry peers (1.9%). Is New 90 Day High Low • Feb 23
New 90-day high: kr.515 The company is up 7.0% from its price of kr.480 on 25 November 2020. The Danish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: kr.482 The company is up 5.0% from its price of kr.458 on 28 September 2020. The Danish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 19% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS kr.14.10 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr.225.6m (down 4.0% from 3Q 2019). Net income: kr.48.4m (down 26% from 3Q 2019). Profit margin: 22% (down from 28% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 14
New 90-day high: kr.480 The company is up 9.0% from its price of kr.442 on 16 July 2020. The Danish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: kr.458 The company is up 4.0% from its price of kr.440 on 30 June 2020. The Danish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 4.0% over the same period.