2026 Q2 -tulosraportti
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1 päivä sitten
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Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 10.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 13.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 4.11.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·18 t sittenA long-awaited Q2 report for SJF was published today. First impression: The fantastic result from the Q1 report could not quite be followed up. Not a bad result in Q2 – just more average. While net interest income due to increased lending is developing positively, all other financial statement items are trending downwards compared to Q1. Nothing drastic – just a little less uplifting than Q1. However, there is one element that leaves me more positive than at first glance of the report – but it requires a bit of accounting acumen and patience to find. My approach is always to distinguish between one-off income and expenses and recurring income and expenses. While the profit before tax was 235 mio. kr. in Q1, the profit in Q2 was 193 mio. kr. I had hoped for and expected a profit on the good side of 200 mio. kr. in Q2. When this does not materialize, it is due, among other things, to a write-down of 26 mio. kr. on "Investment properties" in H1 (distributed with 9 mio. kr. in Q1 and 17 mio. kr. in Q2). This is a significant write-down on a total portfolio of approx. 300 mio. kr. And it is not mentioned with many words in the report. I strongly assume that a distinction is made between owner-occupied properties, which the bank itself uses, and investment properties, which are likely taken over from distressed customers. With an increase of 80 mio. kr. in H1 and a fair value adjustment of -26 mio. kr., I assume that the loss should have been recognized elsewhere in the financial statements if the properties had not been taken over. A loss just makes less noise when it is included in fair value adjustments than as a recognized loss on a customer relationship… Regardless, it would be reasonable to assume that the negative fair value adjustment on a total portfolio of 300 mio. kr. cannot continue at the same pace. In reality, it should be 0 kr. going forward, if adjustments have been made according to regulations. And then we will again be able to hit a profit before tax of 200+ mio. kr. The most positive element in the report is the increase in lending. This gives hope that top-line growth will continue. With a total profit before tax (despite these negative fair value adjustments) of 428 mio. kr. after H1, we can probably agree that it is not aggressive to maintain full-year expectations at 750-825 mio. kr… An upward adjustment should be expected in Q4. Overall, it is still my opinion that the share price (when not taking into account any sudden geopolitical conditions) should be heading towards 500
Thanks for (yet another) insightful post with your immediate thoughts. I note that personnel and administration expenses appear to have increased by 17.3 million - primarily driven by an increase in "other administrative costs" of 21 million (from 77 in the first quarter to 98 in the second quarter), and a reduction in personnel expenses of 4 million. Do you have any observations regarding this? I find it immediately difficult to discern what this item ("other administrative costs") covers, and why these have increased so (relatively) much from the first to the second quarter.- ·2 päivää sitten · MuokattuJust under 3100 shares traded at 1 PM - here the day before the Q2 report, which is presumed to be entirely reasonable. The bank buys daily around 2000-2200 shares as part of the share buyback program of 125 mio. kr., of which, as of Friday afternoon, shares worth 32,7 mio. kr. had been bought back. I can almost reach a point where I question whether there will daily be the "nødvendige" number of shares available for trading in relation to the buyback program? Well, it runs until 4/2-27 at the latest - but isn't that a relatively large proportion of the daily trading volume that is being bought back? I haven't looked into how large a proportion of the daily trading volume Jyske Bank (I assume that JB must be the big role model when it comes to buybacks) accounts for. Correction: now I actually chose to investigate it, and I can see JB last week daily bought 10300-11300 own shares. At 1:20 PM, just under 20500 shares in Jyske Bank have been traded today. It's so beautiful, it almost makes you want to shed a tear. 😀
As expected, it fell on the earnings report day. But I think something will happen soon regarding consolidation. Either they should acquire to grow or be acquired. - ·2.8.ONLY A FOOL IGNORES A SHARE BUYBACK PROGRAM Before the earnings season for the Danish listed banks truly begins – and before the summer holiday completely runs out – I have spent some time looking more closely at what influence the initiated share buyback programs have had on share prices relative to the general price development for the banks. And before anyone comes after me with accusations of scientific dishonesty, I will lay bare the very simple premises: I have looked at seven banks with buyback programs: AL Sydbank Danske Bank Djurslands Bank Jyske Bank Ringkjøbing Landbobank SJF Bank Skjern Bank I have looked at the share price development for the period 01-03-2026 – 31-07-2026. And yes, I know that SJF Bank and Ringkjøbing Landbobank initiated their programs later – and Djurslands Bank's program dates back to autumn 2025. So it's a short period – and if I had more time, I would have extended my small study to also examine previous years. "The Finance Index" has risen by 8.5% in the period from March 1st until today – and the OMX index has risen by 6.4%. The seven mentioned banks have on average risen by 15.1% over the five months of the period. I.e., a significant outperformance – also when compared to peers. If one instead only looks at the current periods of the share buyback programs and annualizes the returns, the seven banks show an annual return of between 24% and 146% – with an average of 61%. This has been during a period where banks generally have performed well, so this should also be remembered before overanalyzing the simple conclusions. Nevertheless, the results support the assumptions I myself have had. It also appears – not surprisingly – that the effects of the share buybacks are greatest among banks where share turnover is lowest – even when adjusted for the share buyback program's relative size to equity. In the name of simplification, this leaves stakeholders with some considerations: If you are an investor: Then in my analyses, I would consider attributing very high value to share buyback programs If you are part of bank management: I have previously argued that the best defense against takeover attempts is a high share price. If you have been in doubt, I have given you the recipe for a better defense above. Now I just look forward to the upcoming earnings reports.
·24.7.The number of owners has increased by 40% of Nordnet's customers in one year. One must also expect that very many of the shares are lying in dusty depots, mine have at least been lying there for +9 years. The company itself buys 16-25% of the shares daily - there can soon not be more shares to buy 😀
They have given you a good return as well as ongoing dividends over the years. I am myself one of the newcomers and expect to hold them for at least a couple of years anyway :)
·14.7.ATH - and room for much more... If we set profit to top estimate 825 mio and buyback 125 mio at average price 425 and share price at 425, the P/E will be 8.2... If we set buyback to price 450 and share price to 450, the P/E will be 8.7... These are. numbers that speak for themselves...buy aggressively or be bought out...which banks hold shares in SJF?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q2 -tulosraportti
Vain PDF
1 päivä sitten
11,00 DKK/osake
Viimeisin osinko
2,54%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·18 t sittenA long-awaited Q2 report for SJF was published today. First impression: The fantastic result from the Q1 report could not quite be followed up. Not a bad result in Q2 – just more average. While net interest income due to increased lending is developing positively, all other financial statement items are trending downwards compared to Q1. Nothing drastic – just a little less uplifting than Q1. However, there is one element that leaves me more positive than at first glance of the report – but it requires a bit of accounting acumen and patience to find. My approach is always to distinguish between one-off income and expenses and recurring income and expenses. While the profit before tax was 235 mio. kr. in Q1, the profit in Q2 was 193 mio. kr. I had hoped for and expected a profit on the good side of 200 mio. kr. in Q2. When this does not materialize, it is due, among other things, to a write-down of 26 mio. kr. on "Investment properties" in H1 (distributed with 9 mio. kr. in Q1 and 17 mio. kr. in Q2). This is a significant write-down on a total portfolio of approx. 300 mio. kr. And it is not mentioned with many words in the report. I strongly assume that a distinction is made between owner-occupied properties, which the bank itself uses, and investment properties, which are likely taken over from distressed customers. With an increase of 80 mio. kr. in H1 and a fair value adjustment of -26 mio. kr., I assume that the loss should have been recognized elsewhere in the financial statements if the properties had not been taken over. A loss just makes less noise when it is included in fair value adjustments than as a recognized loss on a customer relationship… Regardless, it would be reasonable to assume that the negative fair value adjustment on a total portfolio of 300 mio. kr. cannot continue at the same pace. In reality, it should be 0 kr. going forward, if adjustments have been made according to regulations. And then we will again be able to hit a profit before tax of 200+ mio. kr. The most positive element in the report is the increase in lending. This gives hope that top-line growth will continue. With a total profit before tax (despite these negative fair value adjustments) of 428 mio. kr. after H1, we can probably agree that it is not aggressive to maintain full-year expectations at 750-825 mio. kr… An upward adjustment should be expected in Q4. Overall, it is still my opinion that the share price (when not taking into account any sudden geopolitical conditions) should be heading towards 500Thanks for (yet another) insightful post with your immediate thoughts. I note that personnel and administration expenses appear to have increased by 17.3 million - primarily driven by an increase in "other administrative costs" of 21 million (from 77 in the first quarter to 98 in the second quarter), and a reduction in personnel expenses of 4 million. Do you have any observations regarding this? I find it immediately difficult to discern what this item ("other administrative costs") covers, and why these have increased so (relatively) much from the first to the second quarter.
- ·2 päivää sitten · MuokattuJust under 3100 shares traded at 1 PM - here the day before the Q2 report, which is presumed to be entirely reasonable. The bank buys daily around 2000-2200 shares as part of the share buyback program of 125 mio. kr., of which, as of Friday afternoon, shares worth 32,7 mio. kr. had been bought back. I can almost reach a point where I question whether there will daily be the "nødvendige" number of shares available for trading in relation to the buyback program? Well, it runs until 4/2-27 at the latest - but isn't that a relatively large proportion of the daily trading volume that is being bought back? I haven't looked into how large a proportion of the daily trading volume Jyske Bank (I assume that JB must be the big role model when it comes to buybacks) accounts for. Correction: now I actually chose to investigate it, and I can see JB last week daily bought 10300-11300 own shares. At 1:20 PM, just under 20500 shares in Jyske Bank have been traded today. It's so beautiful, it almost makes you want to shed a tear. 😀As expected, it fell on the earnings report day. But I think something will happen soon regarding consolidation. Either they should acquire to grow or be acquired.
- ·2.8.ONLY A FOOL IGNORES A SHARE BUYBACK PROGRAM Before the earnings season for the Danish listed banks truly begins – and before the summer holiday completely runs out – I have spent some time looking more closely at what influence the initiated share buyback programs have had on share prices relative to the general price development for the banks. And before anyone comes after me with accusations of scientific dishonesty, I will lay bare the very simple premises: I have looked at seven banks with buyback programs: AL Sydbank Danske Bank Djurslands Bank Jyske Bank Ringkjøbing Landbobank SJF Bank Skjern Bank I have looked at the share price development for the period 01-03-2026 – 31-07-2026. And yes, I know that SJF Bank and Ringkjøbing Landbobank initiated their programs later – and Djurslands Bank's program dates back to autumn 2025. So it's a short period – and if I had more time, I would have extended my small study to also examine previous years. "The Finance Index" has risen by 8.5% in the period from March 1st until today – and the OMX index has risen by 6.4%. The seven mentioned banks have on average risen by 15.1% over the five months of the period. I.e., a significant outperformance – also when compared to peers. If one instead only looks at the current periods of the share buyback programs and annualizes the returns, the seven banks show an annual return of between 24% and 146% – with an average of 61%. This has been during a period where banks generally have performed well, so this should also be remembered before overanalyzing the simple conclusions. Nevertheless, the results support the assumptions I myself have had. It also appears – not surprisingly – that the effects of the share buybacks are greatest among banks where share turnover is lowest – even when adjusted for the share buyback program's relative size to equity. In the name of simplification, this leaves stakeholders with some considerations: If you are an investor: Then in my analyses, I would consider attributing very high value to share buyback programs If you are part of bank management: I have previously argued that the best defense against takeover attempts is a high share price. If you have been in doubt, I have given you the recipe for a better defense above. Now I just look forward to the upcoming earnings reports.
- ·24.7.The number of owners has increased by 40% of Nordnet's customers in one year. One must also expect that very many of the shares are lying in dusty depots, mine have at least been lying there for +9 years. The company itself buys 16-25% of the shares daily - there can soon not be more shares to buy 😀They have given you a good return as well as ongoing dividends over the years. I am myself one of the newcomers and expect to hold them for at least a couple of years anyway :)
- ·14.7.ATH - and room for much more... If we set profit to top estimate 825 mio and buyback 125 mio at average price 425 and share price at 425, the P/E will be 8.2... If we set buyback to price 450 and share price to 450, the P/E will be 8.7... These are. numbers that speak for themselves...buy aggressively or be bought out...which banks hold shares in SJF?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 10.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 13.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 4.11.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 |
2026 Q2 -tulosraportti
Vain PDF
1 päivä sitten
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 10.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 13.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 4.11.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 |
11,00 DKK/osake
Viimeisin osinko
2,54%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·18 t sittenA long-awaited Q2 report for SJF was published today. First impression: The fantastic result from the Q1 report could not quite be followed up. Not a bad result in Q2 – just more average. While net interest income due to increased lending is developing positively, all other financial statement items are trending downwards compared to Q1. Nothing drastic – just a little less uplifting than Q1. However, there is one element that leaves me more positive than at first glance of the report – but it requires a bit of accounting acumen and patience to find. My approach is always to distinguish between one-off income and expenses and recurring income and expenses. While the profit before tax was 235 mio. kr. in Q1, the profit in Q2 was 193 mio. kr. I had hoped for and expected a profit on the good side of 200 mio. kr. in Q2. When this does not materialize, it is due, among other things, to a write-down of 26 mio. kr. on "Investment properties" in H1 (distributed with 9 mio. kr. in Q1 and 17 mio. kr. in Q2). This is a significant write-down on a total portfolio of approx. 300 mio. kr. And it is not mentioned with many words in the report. I strongly assume that a distinction is made between owner-occupied properties, which the bank itself uses, and investment properties, which are likely taken over from distressed customers. With an increase of 80 mio. kr. in H1 and a fair value adjustment of -26 mio. kr., I assume that the loss should have been recognized elsewhere in the financial statements if the properties had not been taken over. A loss just makes less noise when it is included in fair value adjustments than as a recognized loss on a customer relationship… Regardless, it would be reasonable to assume that the negative fair value adjustment on a total portfolio of 300 mio. kr. cannot continue at the same pace. In reality, it should be 0 kr. going forward, if adjustments have been made according to regulations. And then we will again be able to hit a profit before tax of 200+ mio. kr. The most positive element in the report is the increase in lending. This gives hope that top-line growth will continue. With a total profit before tax (despite these negative fair value adjustments) of 428 mio. kr. after H1, we can probably agree that it is not aggressive to maintain full-year expectations at 750-825 mio. kr… An upward adjustment should be expected in Q4. Overall, it is still my opinion that the share price (when not taking into account any sudden geopolitical conditions) should be heading towards 500Thanks for (yet another) insightful post with your immediate thoughts. I note that personnel and administration expenses appear to have increased by 17.3 million - primarily driven by an increase in "other administrative costs" of 21 million (from 77 in the first quarter to 98 in the second quarter), and a reduction in personnel expenses of 4 million. Do you have any observations regarding this? I find it immediately difficult to discern what this item ("other administrative costs") covers, and why these have increased so (relatively) much from the first to the second quarter.
- ·2 päivää sitten · MuokattuJust under 3100 shares traded at 1 PM - here the day before the Q2 report, which is presumed to be entirely reasonable. The bank buys daily around 2000-2200 shares as part of the share buyback program of 125 mio. kr., of which, as of Friday afternoon, shares worth 32,7 mio. kr. had been bought back. I can almost reach a point where I question whether there will daily be the "nødvendige" number of shares available for trading in relation to the buyback program? Well, it runs until 4/2-27 at the latest - but isn't that a relatively large proportion of the daily trading volume that is being bought back? I haven't looked into how large a proportion of the daily trading volume Jyske Bank (I assume that JB must be the big role model when it comes to buybacks) accounts for. Correction: now I actually chose to investigate it, and I can see JB last week daily bought 10300-11300 own shares. At 1:20 PM, just under 20500 shares in Jyske Bank have been traded today. It's so beautiful, it almost makes you want to shed a tear. 😀As expected, it fell on the earnings report day. But I think something will happen soon regarding consolidation. Either they should acquire to grow or be acquired.
- ·2.8.ONLY A FOOL IGNORES A SHARE BUYBACK PROGRAM Before the earnings season for the Danish listed banks truly begins – and before the summer holiday completely runs out – I have spent some time looking more closely at what influence the initiated share buyback programs have had on share prices relative to the general price development for the banks. And before anyone comes after me with accusations of scientific dishonesty, I will lay bare the very simple premises: I have looked at seven banks with buyback programs: AL Sydbank Danske Bank Djurslands Bank Jyske Bank Ringkjøbing Landbobank SJF Bank Skjern Bank I have looked at the share price development for the period 01-03-2026 – 31-07-2026. And yes, I know that SJF Bank and Ringkjøbing Landbobank initiated their programs later – and Djurslands Bank's program dates back to autumn 2025. So it's a short period – and if I had more time, I would have extended my small study to also examine previous years. "The Finance Index" has risen by 8.5% in the period from March 1st until today – and the OMX index has risen by 6.4%. The seven mentioned banks have on average risen by 15.1% over the five months of the period. I.e., a significant outperformance – also when compared to peers. If one instead only looks at the current periods of the share buyback programs and annualizes the returns, the seven banks show an annual return of between 24% and 146% – with an average of 61%. This has been during a period where banks generally have performed well, so this should also be remembered before overanalyzing the simple conclusions. Nevertheless, the results support the assumptions I myself have had. It also appears – not surprisingly – that the effects of the share buybacks are greatest among banks where share turnover is lowest – even when adjusted for the share buyback program's relative size to equity. In the name of simplification, this leaves stakeholders with some considerations: If you are an investor: Then in my analyses, I would consider attributing very high value to share buyback programs If you are part of bank management: I have previously argued that the best defense against takeover attempts is a high share price. If you have been in doubt, I have given you the recipe for a better defense above. Now I just look forward to the upcoming earnings reports.
- ·24.7.The number of owners has increased by 40% of Nordnet's customers in one year. One must also expect that very many of the shares are lying in dusty depots, mine have at least been lying there for +9 years. The company itself buys 16-25% of the shares daily - there can soon not be more shares to buy 😀They have given you a good return as well as ongoing dividends over the years. I am myself one of the newcomers and expect to hold them for at least a couple of years anyway :)
- ·14.7.ATH - and room for much more... If we set profit to top estimate 825 mio and buyback 125 mio at average price 425 and share price at 425, the P/E will be 8.2... If we set buyback to price 450 and share price to 450, the P/E will be 8.7... These are. numbers that speak for themselves...buy aggressively or be bought out...which banks hold shares in SJF?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt