Danske Bank Q2 Beats Estimates, Raises Net Income Guidance

Danske Bank's second-quarter results exceeded expectations. Total income came in at DKK 15.16 billion, above the DKK 14.69 billion estimate, while net income of DKK 6.20 billion beat the DKK 5.98 billion consensus.

However, net interest income missed at DKK 9.33 billion versus the expected DKK 9.47 billion. Net fee and commission income reached DKK 4.06 billion, and impairments stood at DKK 291 million. The CET1 ratio of 17.0% came in slightly below the 17.1% estimate.

Looking ahead, the bank expects full-year total income to be somewhat above DKK 59 billion, and raised its net income forecast to DKK 23-25 billion from the previous DKK 22-24 billion. It maintained its cost guidance of DKK 26-26.5 billion and impairment guidance of about DKK 1 billion. Management cited good customer activity, lending growth, and strong credit quality.