Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Karsten Madsen was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Ringkjøbing Landbobank A/S (CPSE:RILBA) announces an Equity Buyback for DKK 400 million worth of its shares. Ringkjøbing Landbobank A/S (CPSE:RILBA) announces a share repurchase program. Under the program, the company will repurchase up to DKK 400 million worth of its shares. Announcement • Feb 04
Ringkjøbing Landbobank Announces Updated Distribution Policy Ringkjøbing Landbobank A/S adopted the following updated distribution policy: Effective from the financial year 2026, the bank’s distribution policy is based on the following principles: The board of directors of Ringkjøbing Landbobank aims for an annual base distribution of 40% of the year’s profit. The distribution may take the form of a combination of dividends and share buybacks. The bank seeks to ensure a stable dividend over time. In addition, the bank may carry out extraordinary distributions in the form of share buybacks. Such distributions may take place when the board of directors has conducted an overall assessment of the bank’s capital position and capital objectives, as well as the management’s growth expectations. Announcement • Jan 22
Ringkjøbing Landbobank A/S Provides Earnings Guidance for the Year 2026 Ringkjøbing Landbobank A/S provided earnings guidance for the year 2026. For the year, the company expects net profit in the range of DKK 2.0 billion - DKK 2.4 billion. Announcement • Jan 21
Ringkjøbing Landbobank A/S (CPSE:RILBA) announces an Equity Buyback for DKK 500 million worth of its shares. Ringkjøbing Landbobank A/S (CPSE:RILBA) announces a share repurchase program. Under the program, the company will repurchase up to DKK 500 million worth of its shares. Announcement • Jan 06
Carl Pedersen to Step Down from the General Management of Ringkjøbing Landbobank A/S at the End of December 2026 Carl Pedersen has informed the Ringkjøbing Landbobank A/S's board of directors that to leave the bank at the end of 2026. Carl Pedersen will therefore step down from the general management at the end of December 2026, after which the bank will continue with a three-member general management. Announcement • Sep 26
Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 04, 2026 Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 04, 2026. Announcement • Mar 06
Ringkjøbing Landbobank A/S Announces Board and Committee Changes Ringkjøbing Landbobank A/S in its annual general meeting held on March 5, 2025 announced that Lars Møller and Yvonne Skagen must retire from the shareholders’ committee due to the age requirement in the articles of association. The following new members were elected to the shareholders’ committee: Rasmus Alstrup, farmer, Videbæk, born 1985. Rikke Ahnfeldt Kjær, CFO, Gistrup, born 1980. Pia Stevnhøj Sommer, sales director, Lind, born 1979. Announcement • Jan 23
Ringkjøbing Landbobank A/S Provides Earnings Guidance for the Year 2025 Ringkjøbing Landbobank A/S provided earnings guidance for the year 2025. For the year, the company's expectations for 2025 are a net profit in the range of DKK 1.8 billion to DKK 2.2 billion. Reported Earnings • Oct 24
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr.1.04b (up 5.8% from 3Q 2023). Net income: kr.589.1m (up 5.0% from 3Q 2023). Profit margin: 57% (in line with 3Q 2023). Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.9%. Announcement • Sep 20
Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 05, 2025 Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 05, 2025. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: kr.21.53 (vs kr.18.99 in 2Q 2023) Second quarter 2024 results: EPS: kr.21.53 (up from kr.18.99 in 2Q 2023). Revenue: kr.1.03b (up 9.1% from 2Q 2023). Net income: kr.564.8m (up 7.5% from 2Q 2023). Profit margin: 55% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Banks industry in Europe. Announcement • Aug 07
Ringkjøbing Landbobank Revises Its Earnings Guidance for the Year 2024 Ringkjøbing Landbobank revised its earnings guidance for the year 2024. The company expects for 2024 are a net profit in the range DKK 2,000 million - DKK 2,350 million compared to previous guidance of DKK 1,800 million to 2,000 million. The upwardly adjustment is made due to a continued good credit quality and a loss and impairment level that has developed better than originally budgeted for 2024 and that is expected to continue for the rest of the year. Buy Or Sell Opportunity • Aug 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to €155. The fair value is estimated to be €204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to decline by 0.2% in 2 years. Earnings are forecast to decline by 6.3% in the next 2 years. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr.2,317 (vs kr.1,632 in 1Q 2023) First quarter 2024 results: EPS: kr.2,317 (up from kr.1,632 in 1Q 2023). Revenue: kr.1.06b (up 28% from 1Q 2023). Net income: kr.615.9m (up 35% from 1Q 2023). Profit margin: 58% (up from 55% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Announcement • Mar 15
Ringkjøbing Landbobank A/S Announces Board Appointments The board of directors of Ringkjøbing Landbobank elected its officers as follows: Jacob Møller and Morten Jensen will each take up the position of deputy chair. Board Change • Mar 05
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Karsten Madsen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 29
Ringkjøbing Landbobank A/S Announces Board Changes Ringkjøbing Landbobank A/S at the annual general meeting held on 28 February 2024, Mads Hvolby and Jens Møller Nielsen must retire from the shareholders’ committee due to the age rule in the articles of association. Since publication of the notice of the annual general meeting, Marianne Oksbjerre had advised that she wished to retire from the shareholders’ committee. The following new members were elected to the shareholders’ committee: Mattias Manstrup, managing partner and commercial estate agent, Aabybro, born 1978; Tommy Rahbek Nielsen, executive vice president and COO, Tarm, born 1970; Birgitte Rom, sales manager, Herning, born 1972. Announcement • Feb 01
Ringkjøbing Landbobank A/S Announces Board Changes Meeting on January 31, 2024, the shareholders' committee of Ringkjøbing Landbobank A/S elected shareholders' committee member, attorney-at-law Karsten Madsen, as a new member of the board of directors, to take effect immediately after the annual general meeting to be held on 28 February 2024. On this date, the two deputy chairpersons of the board, Mads Hvolby and Jens Møller Nielsen, must retire from the bank’s board of directors and shareholders' committee due to the provision on age in the articles of association. Karsten Madsen was born in 1961 and lives in Sæby. He is managing partner (CEO) and co-owner of the law firm HjulmandKaptain. Reported Earnings • Feb 01
Full year 2023 earnings released Full year 2023 results: Revenue: kr.3.82b (up 37% from FY 2022). Net income: kr.2.16b (up 44% from FY 2022). Profit margin: 56% (up from 54% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Banks industry in Europe. Announcement • Jan 18
Ringkjøbing Landbobank Provides Earnings Guidance for the Year 2024 Ringkjøbing Landbobank provided earnings guidance for the year 2024. The company expects for 2024 are a net profit in the range DKK 1.8 billion - DKK 2.2 billion. Recent Insider Transactions • Oct 27
Independent Chairman recently bought €255k worth of stock On the 25th of October, Martin Pedersen bought around 2k shares on-market at roughly €128 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of €514k worth in shares. Reported Earnings • Oct 26
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr.980.0m (up 53% from 3Q 2022). Net income: kr.561.0m (up 70% from 3Q 2022). Profit margin: 57% (up from 51% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Announcement • Oct 10
Ringkjøbing Landbobank A/S Revises Earnings Guidance for the Year 2023 Ringkjøbing Landbobank A/S revised earnings guidance for the year 2023. The company is upwardly adjusting its expectations for core earnings and net profit for 2023. The expectations for core earnings are upwardly adjusted from the DKK 2,300 - 2,650 million range to the DKK 2,600 - 2,900 million range and the expectations for net profit for the year are upwardly adjusted from the DKK 1,700 - 2,000 million range to the DKK 1,900 - 2,200 million range. The background to the upward adjustment is primarily a strong credit quality and thus a more positive development in the need for impairment charges than expected. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: kr.18.99 (vs kr.12.38 in 2Q 2022) Second quarter 2023 results: EPS: kr.18.99 (up from kr.12.38 in 2Q 2022). Revenue: kr.939.6m (up 40% from 2Q 2022). Net income: kr.525.5m (up 51% from 2Q 2022). Profit margin: 56% (up from 52% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Announcement • Jun 12
Ringkjøbing Landbobank Revises Earnings Guidance for the Year 2023 Ringkjøbing Landbobank revised earnings guidance for the year 2023. The company is upwardly adjusting its expectations for core earnings and net profit for 2023. The expectations for core earnings are upwardly adjusted from the DKK 2,000 million - DKK 2,400 million range to the DKK 2,300 million - DKK 2,650 million range and the expectations for net profit for the year are upwardly adjusted from the DKK 1,400 million - DKK 1,800 million range to the DKK 1,700 million - DKK 2,000 million range. The background to the upward adjustment is a continued satisfactory inflow of customers and a more positive development in the need for impairment charges than expected. Reported Earnings • Apr 27
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr.827.3m (up 25% from 1Q 2022). Net income: kr.454.8m (up 27% from 1Q 2022). Profit margin: 55% (up from 54% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Banks industry in Europe. Recent Insider Transactions • Mar 18
Independent Chairman recently bought €258k worth of stock On the 14th of March, Martin Pedersen bought around 2k shares on-market at roughly €129 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months. Upcoming Dividend • Feb 23
Upcoming dividend of kr.7.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 06 March 2023. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%). Reported Earnings • Feb 02
Full year 2022 earnings released Full year 2022 results: Revenue: kr.2.79b (up 18% from FY 2021). Net income: kr.1.49b (up 22% from FY 2021). Profit margin: 54% (up from 52% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Announcement • Feb 02
Ringkjøbing Landbobank Appoints Lene Weldum as A New Member of the Board of Directors, Effective 1 March 2023 The shareholders’ committee of Ringkjøbing Landbobank elected Lene Weldum as a new member of the board of directors, to take effect immediately after the annual general meeting on 1 March 2023. It is a condition of the election that the annual general meeting approves the proposed amendment of the articles of association which permits an increase in the number of board members. Lene Weldum was born in 1960 and lives in Strib, Denmark. From 1990 to 2022 she held various positions at Bankdata in Fredericia and served as a member of Bankdata’s executive management from 2002 until she retired in 2022. Announcement • Jan 19
Ringkjøbing Landbobank A/S Provides Earnings Guidance for the Year 2023 Ringkjøbing Landbobank A/S provided earnings guidance for the year 2023. For the period, the company expects core earnings in the range DKK 1,700-2,100 million and net profit in the range DKK 1,200-1,600 million. Announcement • Jan 07
Ringkjøbing Landbobank A/S Announces Changes in Employee Representatives to its Board of Directors, Effective 1 March 2023 Ringkjøbing Landbobank A/S announced an election of employee representatives for the bank's board of directors has been completed on January 6, 2023 with the below result. The following will resign from the bank’s board of directors on 1 March 2023: Dan Junker Astrup, credit manager; Arne Ugilt, credit consultant; and Gitte E. S. Vigsø, compliance officer. The following will continue/join as board members for a four-year term of office commencing 1 March 2023: Nanna Gammeljord Snogdal, team leader credit – new member; Lisa Munkholm, personal customer adviser – new member; Finn Aaen, business customer adviser – re-elected; Martin Wilche, personal customer adviser – new member. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Director Anne Kaptain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr.642.7m (up 8.9% from 3Q 2021). Net income: kr.329.3m (up 9.1% from 3Q 2021). Profit margin: 51% (in line with 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Announcement • Sep 07
Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 01, 2023 Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 01, 2023. Reported Earnings • Aug 04
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr.672.6m (up 19% from 2Q 2021). Net income: kr.348.2m (up 20% from 2Q 2021). Profit margin: 52% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in Germany. Announcement • Aug 04
Ringkjøbing Landbobank A/S Provides Earnings Guidance for 2022 Ringkjøbing Landbobank A/S provided earnings guidance for 2022. The bank expects core earnings in the range DKK 1,350-1,650 million and profit before tax in the range DKK 1,300-1,650 million. On 3 June 2022, the bank upwardly adjusted its expectations for 2022 to core earnings in the range DKK 1,600-1,850 million and profit before tax in the range DKK 1,550-1,800 million. Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr.664.5m (up 19% from 1Q 2021). Net income: kr.358.9m (up 27% from 1Q 2021). Profit margin: 54% (up from 50% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 9.0% growth forecast for the industry in Germany. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Director Anne Kaptain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 03
Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 02, 2022 Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 02, 2022, at 14:00 Central European Standard Time. Location: ROFI Centre Ringkøbing Denmark Agenda: To consider election of Chairperson; to consider the board's report on the bank's activities in the previous year; to consider the presentation of the annual report for approval; to consider the decision on allocation of profit or covering of loss under the approved annual report; to consider the consultative vote on the remuneration report; to consider consultative vote on the remuneration report; and to discuss other matters. Board Change • Jan 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Employee Elected Director Arne Ugilt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
