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EarningsQ2 2026 Earnings Report
DNKEY Q2 2026 EPS Results
Actual EPS$0.58
Consensus EPS$0.56
Beat/MissBeat by +$0.02
One Year Ago EPS$0.52
DNKEY Q2 2026 Revenue Results
Actual Revenue$10.79B
Expected Revenue$2.24B
Beat/MissBeat by +$8.55B
YoY Revenue Growth+76.30%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
DNKEY Upcoming Earnings
Danske Bank's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DNKEY Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a clearly positive operational and financial momentum: management upgraded full-year profit guidance, delivered a strong quarter with high ROE, robust fee income, significant AUM inflows, continued commercial lending growth, disciplined cost control, and a strong CET1 ratio. Headwinds flagged were mainly execution and market-volatility related (trading income volatility, hedge and funding dynamics, higher staff and resolution fees, and sizable prudential overlays), but these were presented as manageable and covered by capital and earnings strength. Overall, the highlights substantially outweigh the lowlights, with remaining risks framed as monitored and mitigated.Company Guidance
Upgraded Full-Year Profit Guidance
Net profit guidance raised from DKK 22–24bn to DKK 23–25bn for 2026, implying an expected return on equity of around 14% and reflecting stronger income outlook.
Strong Quarterly Profitability and ROE
Q2 net profit of DKK 6.2bn and quarterly return on equity of 14.8%, described as the strongest quarterly ROE for Danske Bank in 20 years and above the 2026 target level.
Core Income and NII Growth
Core income up 7% year-on-year; net interest income up 3% year-on-year with guidance for NII to be slightly above DKK 38bn for full-year 2026. Management cites resilient NII trajectory supported by volume growth.
Fee Income Momentum
Net fee income rose 13% year-on-year and 4% quarter-on-quarter, driven by investment offerings, AUM growth and corporate fee lines; fee income described as broad-based across the franchise.
Asset Management Inflows and AUM Growth
Asset management (AUM) increased by 24% year-on-year, supported by net inflows of almost DKK 15bn in Q2, contributing materially to fee income strength.
Commercial Momentum and Lending Growth
Corporate lending grew 6% year-on-year, with management noting market share gains across the Nordics and broad-based customer activity across business units.
Cost Discipline and Improved Efficiency
Q2 cost-to-income ratio of 43% (H1 ratio 44.4%); management reaffirms full-year operating expense guidance of DKK 26–26.5bn and now expects cost-to-income to be below 45% for 2026.
Strong Capital Position
CET1 ratio of 17% at end-Q2 with CET1 headroom around 240 basis points; RWA management consistent with growth strategy and expected CET1 target trajectory (around 17% end-2026, ~16% by 2028).
Asset Quality and Low Credit Costs
Impairment charges of DKK 0.3bn in Q2 (below-cycle) and full-year loan impairment charges guidance around DKK 1bn (~5 bps cost of risk); post-model prudency maintained via overlays.
Structural Hedge and Balance-Sheet Tools
Structural hedge notional around DKK 190bn (bonds + derivatives) and loan hedge just above DKK 200bn; rate sensitivity disclosed: a 25 bp parallel increase implies approx. +DKK 450m year-one impact on NII.
Strategic Investment Execution
Management continues to invest in Forward 2028 priorities, including technology and AI, while maintaining cost discipline and commercial momentum.
DNKEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed