Ringkjøbing Landbobank reported a nearly flat net profit for the first nine months of 2025 but boosted its earnings per share, supported by an ongoing share buyback program.
The Danish lender on Wednesday posted a net profit of 1.75 billion Danish kroner, down slightly from 1.77 billion kroner in the same period a year earlier.
Despite the stable profit, earnings per share increased by 4% to 71.2 kroner, according to the company.
The bank has been repurchasing its own shares, which reduces the number of shares outstanding and lifts the per-share earnings figure.
Recent filings show the company has bought back shares corresponding to 3.32% of its share capital under its current programs.
The bank's core income was marginally higher at 3.07 billion kroner, while costs rose by 4%.
The company also noted strong credit quality, allowing it to reverse 35 million kroner in provisions previously set aside for potential loan losses.
The bank said loans grew by 7% annually, while deposits increased by 9%.
Ringkjøbing Landbobank also issued a correction on Wednesday, stating that an earlier announcement had incorrectly included figures from its half-year report.
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Ringkjøbing Landbobank reported a nearly flat net profit for the first nine months of 2025 but boosted its earnings per share through an ongoing share buyback program.
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