Sydbank confirms buyback halt, posts lower nine-month profit amid merger plans
Sydbank on Wednesday reported a profit of 1.92 billion Danish Kroner for the first nine months of 2025, as the Danish lender proceeds with a major merger and confirms the halt of its share buyback program.
The result is down from the 2.4 billion Danish Kroner earned in the same period last year, according to a company filing.
The bank reported a return on equity of 17.4% for the period.
On Oct. 27, Sydbank entered into a merger agreement with Arbejdernes Landsbank and Vestjysk Bank, with the combined entity to be named AL Sydbank A/S.
“By joining forces, we will achieve a long-term position in the Danish banking market and thus safeguard our independence and long-term value creation, which is a crucial part of Sydbank’s strategy,” said Ellen Trane Nørby, Chair of the Board of Directors.
As a result of the merger, the company terminated its 1.35 billion Danish Kroner share buyback program after repurchasing shares worth 1 billion Danish Kroner, the bank said.
Sydbank maintained its full-year profit forecast for 2025, expecting a result between 2.4 billion and 2.6 billion Danish Kroner.
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