Income Statement Danske Andelskassers Bank A/S

Equities

DAB

DK0060299063

Banks

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Feb. 24	Danske Andelskassers Bank fy result before tax dkk 272.9 mln	RE
Feb. 23	Danske Andelskassers Bank A/S announces Annual dividend, payable on April 24, 2026	CI

16c0fd9ccba20900cbebf2add.2Fodbw2GaXYCk6wNBirQhnwZE8jIZ6j4x8NEWipxeHg.7DVzF1XNXAdn6eVEdE207gpwWKSZC_Gul7AqMEQwNwGpDC0Ae9ccWzPrww

Published financial data: DANSKE ANDELSKASSERS BANK A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	271M	294M	549M	625M	548M
Interest Income On Investments	6.26M	10.79M	10.88M	22.91M	57.02M
Interest Income, Total	277M	305M	560M	648M	605M
Interest On Deposits	-32.63M	-13.56M	61.58M	111M	68.3M
Interest Expense, Total	-32.63M	-13.56M	61.58M	111M	68.3M
Net Interest Income	310M	318M	499M	537M	536M
Gain (Loss) on Sale of Assets	116K	34K	-35K	-10K	-9K
Gain (Loss) on Sale of Invest. & Securities - (Rev)	60.98M	-48.05M	87.41M	86.44M	25.14M
Total Other Non Interest Income	292M	314M	280M	271M	292M
Non Interest Income, Total	353M	265M	368M	358M	317M
Revenues Before Provison For Loan Losses	662M	584M	866M	895M	853M
Provision For Loan Losses	-14.57M	-29.64M	70.22M	-21.2M	-10.62M
Total Revenues	677M	614M	796M	916M	864M
Occupancy Expense	10.17M	9.28M	9.49M	21.06M	21.62M
Selling General & Admin Expenses, Total	431M	428M	444M	500M	521M
Total Other Non Interest Expense	34.14M	33.2M	37.48M	39.36M	48.35M
Non Interest Expense, Total	475M	470M	491M	561M	591M
EBT, Excl. Unusual Items	202M	143M	305M	356M	273M
Restructuring Charges	-	-	-	-	-
Asset Writedown	-50K	1.79M	-1M	-956K	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	202M	145M	304M	355M	273M
Income Tax Expense	4.48M	-4.2M	8.23M	68.05M	-779K
Earnings From Continuing Operations	198M	149M	296M	287M	274M
Net Income to Company	198M	149M	296M	287M	274M
Net Income - (IS)	198M	149M	296M	287M	274M
Preferred Dividend and Other Adjustments	19.99M	16.38M	16.38M	16.38M	15.66M
Net Income to Common Incl Extra Items	178M	133M	279M	270M	258M
Net Income to Common Excl. Extra Items	178M	133M	279M	270M	258M
Per Share Items
Net EPS - Basic	0.96	0.72	1.3	1.21	1.16
Basic EPS - Continuing Operations	0.96	0.72	1.3	1.21	1.16
Basic Weighted Average Shares Outstanding	186M	186M	215M	223M	223M
Net EPS - Diluted	0.96	0.7	1.3	1.21	1.16
Diluted EPS - Continuing Operations	0.96	0.7	1.3	1.21	1.16
Diluted Weighted Average Shares Outstanding	186M	186M	215M	223M	223M
Normalized Basic EPS	0.68	0.48	0.89	1	0.76
Normalized Diluted EPS	0.68	0.48	0.89	1	0.76
Dividend Per Share	0.29	0.18	0.37	0.36	0.35
Payout Ratio	10.41	47.05	19.37	34.94	-
Supplemental Items
Effective Tax Rate - (Ratio)	2.22	-2.9	2.71	19.19	-0.29
Total Current Taxes	16M	8.5M	18.1M	23.28M	17.23M
Total Deferred Taxes	4.03M	9.22M	-7.25M	7.96M	-4.36M
Normalized Net Income	126M	89.53M	191M	222M	171M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	16.78M	17.71M	-	-	-
Total Stock-Based Compensation	16.78M	17.71M	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.52B	1.51B	1.32B	1.65B	1.11B
Investment Securities, Total	613M	517M	590M	665M	673M
Trading Asset Securities, Total	176M	29.16M	15.09M	18.29M	31.89M
Mortgage Backed Securities	3.12B	3.02B	3.21B	3.83B	4.34B
Total investments	3.91B	3.56B	3.81B	4.51B	5.04B
Gross Loans	7.24B	7.48B	8.29B	8.1B	9.26B
Allowance For Loan Losses	-444M	-324M	-358M	-326M	-305M
Net Loans	6.79B	7.15B	7.93B	7.78B	8.95B
Gross Property Plant And Equipment	133M	131M	135M	121M	219M
Accumulated Depreciation	-37.2M	-36.41M	-37.38M	-38.82M	-35.33M
Net Property Plant And Equipment	95.46M	94.92M	97.68M	82.32M	184M
Investment in Real Estate	11.01M	8.05M	6.85M	5.3M	5.3M
Accrued Interest Receivable	10.86M	12.36M	47.48M	127M	134M
Other Receivables	-	1.32M	-	1.73M	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	7.62M	-	3.87M	298K	26.37M
Deferred Tax Assets Long-Term (Collected)	68.2M	81.15M	99.34M	62.19M	90.06M
Other Real Estate Owned And Foreclosed	-	-	-	-	-
Other Long-Term Assets, Total	1.1B	1.53B	2.83B	3.11B	3.19B
Total Assets	13.5B	13.95B	16.14B	17.33B	18.74B
Liabilities
Accrued Expenses, Total	3.22M	3.25M	3.41M	2.79M	2.93M
Interest Bearing Deposits	1.89B	2.2B	4.35B	4.64B	4.82B
Non-Interest Bearing Deposits	8.48B	8.5B	8.03B	8.5B	9.58B
Total Deposits	10.36B	10.7B	12.38B	13.14B	14.39B
Short-Term Borrowings	178M	149M	180M	134M	113M
Current Portion of Leases	7.91M	7.83M	8.73M	8.35M	18.67M
Long-Term Debt	204M	304M	299M	449M	548M
Long-Term Leases	33.54M	33.48M	34.78M	29.95M	121M
Current Income Taxes Payable	5.21M	-	8.4M	-	17.62M
Other Current Liabilities - (Bank / Utility Template)	392M	351M	298M	436M	472M
Pension & Other Post Retirement Benefits	41.59M	38.93M	37.07M	24.34M	23.04M
Other Non Current Liabilities	69.3M	79.8M	63.46M	80.48M	86.65M
Total Liabilities	11.3B	11.67B	13.31B	14.3B	15.8B
Common Stock, Total	372M	372M	446M	446M	446M
Additional Paid In Capital	53.99M	53.99M	289M	289M	289M
Retained Earnings	1.08B	1.16B	1.4B	1.59B	1.76B
Comprehensive Income and Other	703M	703M	703M	703M	440M
Total Common Equity	2.21B	2.29B	2.83B	3.03B	2.94B
Total Equity	2.21B	2.29B	2.83B	3.03B	2.94B
Total Liabilities And Equity	13.5B	13.95B	16.14B	17.33B	18.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	186M	186M	223M	223M	223M
ECS Total Common Shares Outstanding	186M	186M	223M	223M	223M
Book Value / Share	10.46	10.88	11.53	12.4	13.19
Tangible Book Value	2.21B	2.29B	2.83B	3.03B	2.94B
Tangible Book Value Per Share	10.46	10.88	11.53	12.4	13.19
Total Debt	424M	494M	523M	621M	800M
Net Debt	-1.27B	-1.04B	-810M	-1.05B	-339M
Full Time Employees	295	307	297	321	334

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	198M	149M	296M	287M	-
Depreciation, Depletion & Amortization	11.28M	12.67M	12.75M	13.73M	-
Total Depreciation, Depletion & Amortization	11.28M	12.67M	12.75M	13.73M	-
Total Asset Writedown	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	304M	-93.58M	-1.12B	-473M	-
Other Operating Activities	5.41M	-31.99M	67.83M	45.65M	-
Cash from Operations	519M	36.36M	-741M	-127M	-
Capital Expenditure	-	-960K	-2.22M	-624K	-
Sale of Property, Plant, and Equipment	1.66M	-	-	-	-
Cash from Investing	1.66M	-960K	-2.22M	-624K	-
Long-Term Debt Issued, Total	-	99.25M	-	-	-
Total Debt Issued	-	99.25M	-	-	-
Long-Term Debt Repaid, Total	-8.13M	-7.91M	-113M	-9.37M	-
Total Debt Repaid	-8.13M	-7.91M	-113M	-9.37M	-
Issuance of Common Stock	111M	823K	409M	150M	-
Repurchase of Common Stock	-262M	-	-1K	-95K	-
Common Dividends Paid	-20.56M	-70.22M	-57.27M	-100M	-
Common & Preferred Stock Dividends Paid	-20.56M	-70.22M	-57.27M	-100M	-
Net Increase (Decrease) in Deposit Accounts - (CF)	71.36M	-67.61M	316M	424M	-
Special Dividend Paid	-25.98M	-	-	-	-
Other Financing Activities, Total	-5.73M	-	-	-	-
Cash from Financing	-140M	-45.66M	555M	465M	-
Net Change in Cash	380M	-10.26M	-189M	337M	-
Supplemental Items
Cash Interest Paid	5.73M	7.79M	12.78M	7.73M	-
Cash Income Tax Paid (Refund)	11.58M	13.99M	16.41M	40.68M	-
Net Debt Issued / Repaid	-8.13M	91.34M	-113M	-9.37M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.47	1.09	1.96	1.71	1.52
Return On Equity %	9.3	6.65	11.55	9.78	9.17
Return on Common Equity	8.36	5.92	10.91	9.22	8.64
Shareholders Value Added	-57.4M	-120M	-11.57M	-65.18M	-
Margin Analysis
SG&A Margin	65.11	71.24	56.99	56.89	62.81
Net Interest Income / Total Revenues %	45.75	51.9	62.65	58.66	62.09
EBT Excl. Non-Recurring Items Margin %	29.85	23.35	38.3	38.81	31.59
Income From Continuing Operations Margin %	29.18	24.33	37.14	31.28	31.68
Net Income Margin %	29.18	24.33	37.14	31.28	31.68
Net Avail. For Common Margin %	26.22	21.66	35.08	29.49	29.87
Normalized Net Income Margin	18.65	14.59	23.94	24.26	19.74
Asset quality
Allowance for Credit Losses / Total Loans %	6.13	4.34	4.32	4.02	3.3
Capital And Funding
Total Average Common Equity / Total Average Assets %	15.85	16.36	17.01	17.51	16.55
Total Average Equity / Total Average Assets %	15.85	16.36	17.01	17.51	16.55
Total Equity + Allowance for Loan Losses / Total Loans %	36.61	34.91	38.52	41.4	35.06
Gross Loans / Total Deposits %	69.84	69.88	66.94	61.69	64.31
Net Loans / Total Deposits %	65.55	66.85	64.05	59.21	62.19
Interbank Ratio	44.22	30.37	24.67	40.22	71.16
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	-5.19	-9.7	5.93	4.2	5
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-1.42	2.8	56.59	7.8	-0.2
Non Interest Income, 1 Yr. Growth %	19.36	-24.73	38.43	-2.71	-11.38
Provision For Loan Losses, 1 Yr. Growth %	-154.57	103.47	-336.89	-130.19	-49.94
Total Revenues, 1 Yr. Growth %	16.13	-9.38	29.72	15.12	-5.72
Earnings From Cont. Operations, 1 Yr. Growth %	74.72	-24.44	98.06	-3.05	-4.5
Net Income, 1 Yr. Growth %	74.72	-24.44	98.06	-3.05	-4.5
Normalized Net Income, 1 Yr. Growth %	61.01	-29.11	112.8	16.65	-23.26
Diluted EPS Before Extra, 1 Yr. Growth %	100.15	-26.85	85.7	-6.81	-4.47
Dividend Per Share, 1 Yr. Growth %	-	-36.79	105.56	-2.7	-2.78
Gross Loans, 1 Yr. Growth %	5.56	3.31	10.8	-2.19	14.23
Allowance For Loan Losses, 1 Yr. Growth %	-17.77	-26.91	10.38	-9.01	-6.3
Net Loans, 1 Yr. Growth %	7.56	5.29	10.82	-1.88	15.09
Total Assets, 1 Yr. Growth %	1.54	3.31	15.71	7.34	8.12
Total Deposits, 1 Yr Growth %	4.27	3.24	15.68	6.13	9.57
Tangible Book Value, 1 Yr. Growth %	7.99	3.62	23.96	6.9	-2.94
Common Equity, 1 Yr. Growth %	7.99	3.62	23.96	6.9	-2.94
Total Equity, 1 Yr. Growth %	7.99	3.62	23.96	6.9	-2.94
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	-5.75	0.67	26.88	29.92	3.72
Non Interest Income, 2 Yr. CAGR %	-13.98	-5.22	2.08	16.05	-7.15
Provision For Loan Losses, 2 Yr. CAGR %	-21.96	5.37	119.55	-15.43	-61.12
Total Revenues, 2 Yr. CAGR %	-8.09	2.59	8.42	22.2	4.18
Earnings From Cont. Operations, 2 Yr. CAGR %	-24.79	14.9	22.33	38.57	-3.78
Net Income, 2 Yr. CAGR %	-24.79	14.9	22.33	38.57	-3.78
Normalized Net Income, 2 Yr. CAGR %	-23.38	6.84	22.82	57.55	-5.38
Diluted EPS Before Extra, 2 Yr. CAGR %	-29.03	21	16.55	31.55	-5.65
Dividend Per Share, 2 Yr. CAGR %	-28.04	-	12.95	41.42	-2.74
Gross Loans, 2 Yr. CAGR %	1.61	4.43	6.99	4.1	5.7
Allowance For Loan Losses, 2 Yr. CAGR %	-14.08	-22.48	-10.18	0.22	-7.67
Net Loans, 2 Yr. CAGR %	2.96	6.42	8.02	4.28	6.26
Total Assets, 2 Yr. CAGR %	3.92	2.42	9.34	11.45	7.73
Total Deposits, 2 Yr CAGR %	5.83	3.76	9.28	10.8	7.84
Tangible Book Value, 2 Yr. CAGR %	5.51	5.78	13.34	15.12	1.86
Common Equity, 2 Yr. CAGR %	5.51	5.78	13.34	15.12	1.86
Total Equity, 2 Yr. CAGR %	5.51	5.78	13.34	15.12	1.86
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	-3.2	-2.98	16.64	20.17	18.99
Non Interest Income, 3 Yr. CAGR %	17.59	-17.72	7.54	0.46	6.07
Provision For Loan Losses, 3 Yr. CAGR %	22.42	7.41	38.04	13.32	-28.99
Total Revenues, 3 Yr. CAGR %	7.14	-8.52	10.93	10.61	12.08
Earnings From Cont. Operations, 3 Yr. CAGR %	15.69	-24.68	37.76	13.21	22.4
Net Income, 3 Yr. CAGR %	15.69	-24.68	37.76	13.21	22.4
Normalized Net Income, 3 Yr. CAGR %	23.46	-25.34	34.42	20.73	23.97
Diluted EPS Before Extra, 3 Yr. CAGR %	10.98	-28.31	39.57	8.18	18.24
Dividend Per Share, 3 Yr. CAGR %	-	-31.08	-	7.47	24.81
Gross Loans, 3 Yr. CAGR %	1.62	2.17	6.52	3.84	7.38
Allowance For Loan Losses, 3 Yr. CAGR %	-11.94	-18.59	-12.78	-9.79	-2.01
Net Loans, 3 Yr. CAGR %	2.83	3.73	7.87	4.61	7.76
Total Assets, 3 Yr. CAGR %	6.76	3.72	6.67	8.67	10.33
Total Deposits, 3 Yr CAGR %	6.41	4.96	7.59	8.22	10.39
Tangible Book Value, 3 Yr. CAGR %	15.64	4.87	11.52	11.15	8.75
Common Equity, 3 Yr. CAGR %	15.64	4.87	11.52	11.15	8.75
Total Equity, 3 Yr. CAGR %	15.64	4.87	11.52	11.15	8.75
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	-2.92	-0.83	7.87	9.04	11.29
Non Interest Income, 5 Yr. CAGR %	10.98	1.29	11.12	-5.59	1.41
Provision For Loan Losses, 5 Yr. CAGR %	-25.75	-6.64	54.64	-2.38	-16.84
Total Revenues, 5 Yr. CAGR %	6.07	2.62	7.65	2.71	8.18
Earnings From Cont. Operations, 5 Yr. CAGR %	39.07	12.06	18.3	-3.88	19.34
Net Income, 5 Yr. CAGR %	39.07	12.06	18.3	-3.88	19.34
Normalized Net Income, 5 Yr. CAGR %	21.54	6	23.21	0.65	16.81
Diluted EPS Before Extra, 5 Yr. CAGR %	57.1	7.61	13.18	-8.61	19.34
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-8.46	-
Gross Loans, 5 Yr. CAGR %	1.22	1.4	3.74	2.94	6.19
Allowance For Loan Losses, 5 Yr. CAGR %	-14.59	-17.4	-11.24	-11.53	-10.77
Net Loans, 5 Yr. CAGR %	3.09	3.13	4.88	3.95	7.22
Total Assets, 5 Yr. CAGR %	4.79	5.26	7.78	6.74	7.09
Total Deposits, 5 Yr CAGR %	4.27	4.75	7.55	7.26	7.69
Tangible Book Value, 5 Yr. CAGR %	12.17	10.05	14.71	8.86	7.55
Common Equity, 5 Yr. CAGR %	12.17	10.05	14.71	8.86	7.55
Total Equity, 5 Yr. CAGR %	12.17	10.05	14.71	8.86	7.55