Jyske Bank A/S Q3 2026 Earnings Recap

Jyske Bank reported higher year-on-year EPS excluding value adjustments and growth in interest and fee income, while Q3 EPS was slightly below the unusually high level a year earlier. Shares rose 2.7%, a roughly flat reaction.

Key Takeaways

• EPS excluding value adjustments increased 14% year-on-year; Q3 EPS was DKK 21, slightly below Q3 2025, which benefited from high trading income.
• Net interest income grew 4% quarter-on-quarter, driven by higher volumes and deposit margins. Management said the June and September rate hikes should add to NII in Q4 and into 2027.
• Fee and commission income rose 12% year-on-year in Q3, supported by higher AUM and mortgage refinancing; core expenses increased 1% over the quarter.
• AUM was up 12% year-on-year, while personal mortgage loans grew 9% year-on-year. Deposits were flat after several quarters of strong growth.
• The bank raised its 2026 net profit guidance on 12 October to DKK 4.7–5.2 billion (DKK 78–87 per share). CET1 was 15.7%, stable quarter-on-quarter.