Skjern Bank A/S reported earnings results for the year ended December 31, 2017. For the year, the company's interest receivable was DKK 198,977,000 against DKK 200,058,000 for the last year. Net income from interest was DKK 171,972,000 against DKK 163,745,000 for the last year. Result before tax was DKK 144,627,000 against DKK 104,653,000 for the last year. Net-result for the financial year was DKK 123,823,000 against DKK 82,110,000 for the last year. Earnings per share was DKK 61.5 against DKK 39.2 for the last year. Book value per share was DKK 390 compared to DKK 330 a year ago. Return on equity after tax was 17.1% against 12.6% for the last year. Return on assets was 1.9% against 1.4% a year ago.

For year 2018, the bank expects a core earnings in 2018 in the range of DKK 135 to 145 million and a profit before tax in the range of DKK 125 - 135 million, assuming positive exchange rate adjust-ments in the range of DKK 10 million and impairment in the range of DKK 15 to 20 million.