Sydbank on Wednesday raised its 2025 profit forecast after reporting a jump in third-quarter earnings.
The Danish lender now expects a full-year profit after tax in the range of 2.4 billion to 2.6 billion Danish Kroner, narrowing its previous guidance of 2.2 billion to 2.6 billion Danish Kroner.
The revised outlook followed a third-quarter profit of 710 million Danish Kroner, an increase from 567 million in the prior quarter, according to a company filing.
Sydbank said it has expanded its business and attracted more customers this year despite "macroeconomic uncertainty and a general reluctance to invest."
The strong quarter comes even as profit for the first nine months of 2025, at 1.92 billion Danish Kroner, was lower than the 2.4 billion Danish Kroner earned in the same period last year, as falling interest rates weigh on income.
The results come just days after Sydbank terminated a share buyback program due to a planned merger with Arbejdernes Landsbank and Vestjysk Bank.
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