THE LATEST Updates and analysis as Trump's tariffs on Canada, Mexico, and China loom on Tuesday OTC Markets OTCPK - Delayed Quote • USD Jyske Bank A/S (JYSKF) Follow Compare 70.53 +70.53 (0.00%) As of February 28 at 3:00:00 PM EST. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Share repurchase programme: Transactions in week 9 2025 The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares with a value of up to DKK 2.25 billion, cf. Corporate Announcement No. 3/2025 of 26 February 2025. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”, and the Commission Delegated Regulation (EU) 2016/1052 of 8 Notice of Annual General Meeting of Jyske Bank A/S This is to give notice of an Annual General Meeting of Jyske Bank A/S, which will be held on Tuesday 25 March 2025, at 3.00 p.m. at Gl. Skovridergaard, Marienlundsvej 36, DK-8600 Silkeborg AGENDA of general meeting: a.Report of the Supervisory Board on Jyske Bank's operations during the preceding year.b.Presentation of the annual report for adoption or other resolution as well as resolution as to the application of profit or cover of loss according to the financial statements adopted, including Jyske Bank initiates share repurchase programme The Supervisory Board of Jyske Bank A/S (Jyske Bank) has decided to exercise the authority to repurchase shares granted by the Annual General Meeting on 21 March 2024. The share repurchase programme covers shares at a maximum value of DKK 2.25 billion. The programme runs as from 26 February 2025 and up to and including 31 January 2026 at the latest. The share repurchase programme is initiated and structured in compliance with the EU Market Abuse Regulation and EU Commission Regulation No. 596/20 Annual Report 2024 Earnings per share DKK 80.0 (2023: DKK 89.3)Core income DKK 13,693m (2023: DKK 14,356m)Core expenses DKK 6,402m (2023: DKK 6,102m)Loan impairment charges DKK 21m (2023: DKK 127m)Capital ratio of 23.1%, of which common equity tier 1 capital ratio of 17.6% (2023: 21.0% and 16.9%, respectively)The Group Supervisory Board proposes an ordinary dividend of DKK 24.0 per share, or DKK 1,543m for resolution at the coming annual general meetingNew share buy-back programme of up to DKK 2.25bn is expected t Niels Erik Jakobsen, Managing Director, retires After nearly 38 years with Jyske Bank - of these almost 16 years on the Group Executive Board - Niels Erik Jakobsen, Managing Director, has decided to retire in the course of the second quarter of 2025. Niels Erik Jakobsen was employed by Jyske Bank on 1 August 1987. He joined the Group Executive Board on 1 September 2009 and has been in charge of e.g. Capital Markets and most recently Personal Clients and Wealth Management. In addition, Niels Erik Jakobsen is Chairman of the Supervisory Boards Jyske Bank accepts fine Jyske Bank has accepted a fine of just below DKK 24m for during the period from March 2010 to September 2021 not having complied with the requirements of the Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism with respect to customer due diligence procedures and duty of inspection on 35 clients with mortgage loans in Southern Europe. The portfolio in question is a small liquidation portfolio at Jyske Bank’s Keyplan Mortgage unit, and the loans were established before 2 Succession in Jyske Realkredit After 34 years with Jyske Realkredit (former BRFkredit), Carsten Tirsbæk Madsen plans to retire. He will retire in the second quarter of 2025. Carsten Tirsbæk Madsen started his career at BRFkredit in 1990. He was in 2001 appointed a member of the Executive Board and CEO of Jyske Realkredit in 2014. He has been chairman of the Association of Danish Mortgage Banks (2020-2024) and of the interest organisations of the mortgage credit industry in Bruxelles, European Mortgage Federation (2018-2020) a Jyske Bank AS (FRA:JYS1) Q3 2024 Earnings Call Highlights: Record Profits and Strategic Growth ... Jyske Bank AS (FRA:JYS1) reports its highest net profit of 2024, upgrades guidance, and outlines strategies to navigate interest rate pressures. Interim Financial Report Q1-Q3 2024 Updated strategy and new long-term targetsEarnings per share declined by 2% to DKK 60.5 (Q1-Q3 2023: DKK 62.0)The net profit was down by 1% to DKK 4,044m (Q1-Q3 2023: DKK 4,106m)Net interest income rose by 1% to DKK 7,211m (Q1-Q3 2023: DKK 7,155m)Core income was up by 1% to DKK 10,307m (Q1-Q3 2023: DKK 10,244m)Core expenses rose by 6% to DKK 4,768m (Q1-Q3 2023: DKK 4,498m)Loan impairment charges DKK 13m (Q1-Q3 2023: DKK 96m)Capital ratio at 22.6%, of which common equity tier 1 capital ratio of 1 Jyske Bank launches strategy and long-term financial targets ”Earlier in the month, Jyske Bank upgraded its outlook for 2024 due to a continued positive development. We are now launching a strategy to become an even better bank for our customers,” says Lars Mørch, CEO and Managing Director, and continues: “With a strong foundation in the Danish market and a number of positions of strength in servicing both personal and corporate customers, Jyske Bank will over the coming years do more of what we have shown that we are good at and accelerate development in Outlook for earnings per share in 2024 upgraded to DKK 75-80 For 2024, Jyske Bank expects a net profit of DKK 5.0bn-5.3bn, corresponding to earnings per share of DKK 75-80. Previously, guidance was for a net profit in the upper half of DKK 4.3bn-5.1bn and earnings per share in the upper half of DKK 64-76. Net profit amounted to slightly above DKK 1.4bn in the third quarter and slightly above DKK 4.0bn for Q1-Q3 2024. The upgrade follows favourable financial markets amid declining market rates that led to significant value adjustments in the third quarter. Conclusion of share repurchase programme On 3 June 2024, Jyske Bank initiated a share repurchase programme that was to be concluded on 31 January 2025 at the latest. In this period, Jyske Bank would acquire shares with a value of up to DKK 1.5 billion, cf. Corporate Announcement No. 12/2024 of 7 May 2024. The share repurchase programme was initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”. Following the transactions stated below, own shares wo Share repurchase programme The share repurchase programme runs as from 3 June 2024 and up to and including 31 January 2025. In this period, Jyske Bank will acquire shares with a value of up to DKK 1.5 billion, cf. Corporate Announcement No. 12/2024 of 7 May 2024. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”. The following transactions have been made under the program: Number of shares Averag Notice of Extraordinary General Meeting of Jyske Bank This is to give notice of an Extraordinary General Meeting of Jyske Bank A/S, which will be held on Tuesday, 17 September, at 10.00 a.m. at Vestergade 8-16, DK-8600 Silkeborg (main entrance at Vestergade). AGENDA a. The Supervisory Board proposes new election of two members of the Supervisory Board, CEO Lisbeth Holm, Vejle, and Consultant and Professional Board Member, Glenn Söderholm, Vejbystrand (Sweden), cf. Art. 16(1)(b) of the Articles of Association. b. Authorisation to the Supervisory Boa Interim Financial Report H1 2024 Net interest income rose 5% to DKK 4,877m (H1 2023: DKK 4,639m)Core income rose 4% to DKK 6,828m (H1 2023: DKK 6,573m)Core expenses rose 6% to DKK 3,160m (H1 2023: DKK 2,974m)Loan impairment charges amounted to an expense of DKK 95m (H1 2023: DKK 109m)Net profit was up by 5% to DKK 2,623m (H1 2023: DKK 2,488m)Capital ratio at 21.9%, of this common equity tier 1 capital ratio at 16.6% (H1 2023: 20.3% and 16.1%, respectively)Net profit is expected to be in the upper half of the previously announce New Organisation and Appointment to the Group Executive Board Jyske Bank changes its organisation to obtain stronger customer orientation, higher professionalism in the Group’s control set-up and higher development and implementation efficiency. In future, the Group Executive Board will consist of the CEO and Managing Director, a Managing Director of Corporate Clients and Capital Markets, a Managing Director of Personal Clients and Wealth Management, a Managing Director of Digitization and Operations and a Chief Risk Officer. Consequently, Jyske Bank’s Sup Jyske Bank announces share repurchase programme The Supervisory Board of Jyske Bank A/S (Jyske Bank) has decided to exercise the authority to repurchase shares granted by the Annual General Meeting on 21 March 2024. The share repurchase programme covers shares at a maximum value of DKK 1.5 billion. The programme runs as from 3 June 2024 and up to and including 31 January 2025. The share repurchase programme is initiated and structured in compliance with the EU Market Abuse Regulation and EU Commission Regulation No. 596/2014 of 16 April 2014. Interim Financial Report, Q1 2024 Net interest income rose by 11% to DKK 2,462m (Q1 2023: DKK 2,224m)Core income was up by 4% to DKK 3,430m (Q1 2023: DKK 3,310m)Core expenses rose by 5% to DKK 1,557m (Q1 2023: DKK 1,480m)Loan impairment charges amounted to an expense of DKK 82m (Q1 2023: DKK 96m)Net profit was nearly unchanged at DKK 1,286m (Q1 2023: DKK 1,289m).Capital ratio at 22.0%, of which common equity tier 1 capital ratio at 16.6% (Q1 2023: 19.6% and 15.4%, respectively)Dividend of DKK 500m, corresponding to DKK 7.78 per Annual General Meeting of Jyske Bank A/S on 21 March 2024 At the Annual General Meeting, the annual report was presented and the financial statements for 2023 were adopted. The motions proposed by the Supervisory Board, cf. items c (remuneration report) and d (remuneration to the Shareholders’ Representatives and the Supervisory Board) were both adopted. The Supervisory Board's motion to the effect that the Bank be authorised to acquire own shares (item e of the agenda) was adopted. The motions proposed by the Supervisory Board, cf. items f.1-f.5 of th New member of Jyske Bank’s Executive Board Jyske Bank’s Supervisory Board has employed Jacob Gyntelberg as Managing Director, Chief Risk Officer (CRO) and new member of the Group Executive Board. Jacob Gyntelberg is 56 years old, PhD from Copenhagen University and has since 2021 been Director of Economic and Risk Analysis at the European Banking Authority (EBA). During the period 2019-2021, Jacob Gyntelberg was Deputy Chief Risk Officer at Nordea, and previously he held senior positions at Danske Bank, Bank for International Settlements Performance Overview Trailing total returns as of 3/3/2025, which may include dividends or other distributions. Benchmark is OMX Copenhagen 25 Index Return JYSKF OMX Copenhagen 25 Index YTD -7.80% +4.07% 1-Year -7.80% -3.85% 3-Year +49.08% +7.85%