Canlı Haberler • May 19
Ringkjøbing Landbobank Launches DKK 400 Million Share Buyback Through August 2026 Ringkjøbing Landbobank has launched a share buyback programme running from 6 May 2026 to 7 August 2026.
The bank plans to repurchase its own shares for up to DKK 400 million, with a maximum of 500,000 shares.
The buyback will be carried out in line with applicable EU Commission regulations.
A buyback of this size indicates that the bank is allocating a defined pool of capital to reduce its share count. This can increase each remaining share’s claim on future earnings and capital if overall profits stay stable.
As an investor, it is worth tracking the pace of repurchases over the programme period, since actual buyback activity can be lower than the announced maximum if market or regulatory conditions change. Duyuru • 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. Reported Earnings • Apr 30
First quarter 2026 earnings: Revenues in line with analyst expectations First quarter 2026 results: Revenue: kr.1.05b (down 2.4% from 1Q 2025). Net income: kr.585.3m (down 4.9% from 1Q 2025). Profit margin: 56% (down from 57% in 1Q 2025). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 26
Upcoming dividend of kr.12.00 per share Eligible shareholders must have bought the stock before 05 March 2026. Payment date: 09 March 2026. Trailing yield: 0.7%. Lower than top quartile of Danish dividend payers (4.7%). Lower than average of industry peers (5.3%). Declared Dividend • Feb 06
Dividend of kr.12.00 announced Shareholders will receive a dividend of kr.12.00. Ex-date: 5th March 2026 Payment date: 9th March 2026 Dividend yield will be 0.7%, which is lower than the industry average of 5.6%. Payout Ratios Payout ratio: 13%. Forecast payout ratio in 3 years: 13%. Price Target Changed • Feb 05
Price target increased by 7.4% to kr.1,805 Up from kr.1,680, the current price target is an average from 2 analysts. New target price is 8.8% above last closing price of kr.1,659. Stock is up 48% over the past year. The company is forecast to post earnings per share of kr.96.80 for next year compared to kr.92.86 last year. Reported Earnings • Feb 05
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: kr.92.86 (up from kr.88.14 in FY 2024). Revenue: kr.4.16b (flat on FY 2024). Net income: kr.2.31b (flat on FY 2024). Profit margin: 56% (in line with FY 2024). Cost-to-income ratio: 26.4% (up from 25.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Duyuru • 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. Price Target Changed • Jan 30
Price target increased by 8.0% to kr.1,755 Up from kr.1,625, the current price target is an average from 2 analysts. New target price is 10% above last closing price of kr.1,590. Stock is up 35% over the past year. The company is forecast to post earnings per share of kr.91.96 for next year compared to kr.88.14 last year. Duyuru • 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. Duyuru • 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. Duyuru • 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. Reported Earnings • Oct 23
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: kr.23.87. Revenue: kr.1.00b (down 3.8% from 3Q 2024). Net income: kr.561.5m (down 4.7% from 3Q 2024). Profit margin: 56% (in line with 3Q 2024). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Banks industry in Europe. Duyuru • Sep 26
Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 04, 2026 Ringkjøbing Landbobank A/S, Annual General Meeting, Mar 04, 2026. Reported Earnings • Aug 06
Second quarter 2025 earnings: Revenues exceed analyst expectations Second quarter 2025 results: Revenue: kr.1.04b (up 1.1% from 2Q 2024). Net income: kr.575.6m (up 1.9% from 2Q 2024). Profit margin: 56% (in line with 2Q 2024). Revenue exceeded analyst estimates by 4.0%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Europe. Price Target Changed • Jul 15
Price target increased by 13% to kr.1,578 Up from kr.1,390, the current price target is an average from 2 analysts. New target price is 12% above last closing price of kr.1,408. Stock is up 22% over the past year. The company is forecast to post earnings per share of kr.89.12 for next year compared to kr.88.14 last year. Price Target Changed • Jul 10
Price target increased by 13% to kr.1,478 Up from kr.1,310, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr.1,423. Stock is up 22% over the past year. The company is forecast to post earnings per share of kr.88.90 for next year compared to kr.88.14 last year. New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 01
First quarter 2025 earnings: Revenues exceed analyst expectations First quarter 2025 results: Revenue: kr.1.07b (up 1.0% from 1Q 2024). Net income: kr.615.5m (flat on 1Q 2024). Profit margin: 57% (in line with 1Q 2024). Revenue exceeded analyst estimates by 4.7%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr.1,044, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Denmark. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,989 per share. Duyuru • 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. Upcoming Dividend • Feb 27
Upcoming dividend of kr.11.00 per share Eligible shareholders must have bought the stock before 06 March 2025. Payment date: 10 March 2025. Trailing yield: 0.9%. Lower than top quartile of Danish dividend payers (5.0%). Lower than average of industry peers (5.9%). Declared Dividend • Feb 10
Dividend increased to kr.11.00 Dividend of kr.11.00 is 10% higher than last year. Ex-date: 6th March 2025 Payment date: 10th March 2025 Dividend yield will be 1.0%, which is lower than the industry average of 5.6%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (12% forecast payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 06
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr.88.14 (up from kr.78.14 in FY 2023). Revenue: kr.4.13b (up 8.2% from FY 2023). Net income: kr.2.30b (up 6.8% from FY 2023). Profit margin: 56% (in line with FY 2023). Cost-to-income ratio: 25.7% (up from 25.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.4% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • 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 23
Third quarter 2024 earnings: Revenues in line with analyst expectations 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 was in line with analyst estimates. Revenue is expected to fall by 1.0% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Banks industry in Denmark. Duyuru • 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: EPS exceeds analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to stay flat during the next 3 years compared to a 1.5% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • 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 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to kr.1,159. The fair value is estimated to be kr.1,474, 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 0.08% in 2 years. Earnings are forecast to decline by 6.1% in the next 2 years. Reported Earnings • Apr 25
First quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 24% per year. Price Target Changed • Apr 22
Price target increased by 14% to kr.1,350 Up from kr.1,180, the current price target is provided by 1 analyst. New target price is 11% above last closing price of kr.1,220. Stock is up 22% over the past year. The company is forecast to post earnings per share of kr.89.14 for next year compared to kr.78.14 last year. Duyuru • 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. Duyuru • 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. 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, while revenues in the Banks industry in Denmark are expected to remain flat. Duyuru • 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. Duyuru • 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 kr.1.9m worth of stock On the 25th of October, Martin Pedersen bought around 2k shares on-market at roughly kr.952 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 kr.3.8m 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 1.7% growth forecast for the Banks industry in Denmark. Duyuru • 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: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 28% per year. Price Target Changed • Jul 03
Price target increased by 8.7% to kr.1,160 Up from kr.1,067, the current price target is an average from 3 analysts. New target price is 18% above last closing price of kr.985. Stock is up 27% over the past year. The company is forecast to post earnings per share of kr.72.84 for next year compared to kr.53.40 last year. Duyuru • 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: Revenues miss analyst expectations 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 missed analyst estimates by 3.4%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Banks industry in Denmark. Recent Insider Transactions • Mar 17
Independent Chairman recently bought kr.1.9m worth of stock On the 14th of March, Martin Pedersen bought around 2k shares on-market at roughly kr.962 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 Danish dividend payers (5.2%). Lower than average of industry peers (2.7%). Reported Earnings • Feb 02
Full year 2022 earnings: Revenues in line with analyst expectations 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 was in line with analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Banks industry in Denmark. Duyuru • 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. Duyuru • 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. Recent Insider Transactions • Dec 08
Employee Representative Director recently sold kr.71k worth of stock On the 1st of December, Finn Aaen sold around 79.0 shares on-market at roughly kr.900 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr.13k more than they bought in the last 12 months. 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 26
Third quarter 2022 earnings: Revenues miss analyst expectations 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 missed analyst estimates by 3.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in Denmark. Duyuru • 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: Revenues exceed analyst expectations 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). Revenue exceeded analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 14% compared to a 3.8% decline forecast for the industry in Denmark. Reported Earnings • May 01
First quarter 2022 earnings: Revenues exceed analyst expectations 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. Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 13% compared to a 4.9% decline forecast for the industry in Denmark. 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. Upcoming Dividend • Feb 24
Upcoming dividend of kr.7.00 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 07 March 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Danish dividend payers (4.3%). Lower than average of industry peers (4.7%). Price Target Changed • Jan 20
Price target increased to kr.958 Up from kr.845, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of kr.932. Stock is up 60% over the past year. The company is forecast to post earnings per share of kr.41.68 for next year compared to kr.31.56 last year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS kr.10.49 (vs kr.9.33 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: kr.590.3m (up 13% from 3Q 2020). Net income: kr.301.8m (up 11% from 3Q 2020). Profit margin: 51% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 25
Price target increased to kr.842 Up from kr.733, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of kr.843. Stock is up 72% over the past year. The company is forecast to post earnings per share of kr.41.04 for next year compared to kr.31.56 last year. Price Target Changed • Aug 31
Price target increased to kr.723 Up from kr.673, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of kr.746. Stock is up 61% over the past year. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS kr.10.08 (vs kr.7.82 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.567.3m (up 17% from 2Q 2020). Net income: kr.290.7m (up 28% from 2Q 2020). Profit margin: 51% (up from 47% in 2Q 2020). 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 but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. 