On 15 July 2025, Føroya Banki raised its 2025 net profit guidance range to DKK 235-265m (previously DKK 210-240m). The bank highlights that the insurance result and growth in business activity have been strong, while impairment charges have been low. On top of this comes a few non-recurring items such as extraordinary income from its sector shares and the sale of one of its branch offices. Mainly led by the non-recurring items, we raise our 2025E net profit by DKK 25m (11%) to DKK 245m. We also raise 2026E-27E net profit by ~1% amid slightly raised lending volumes and insurance income estimates. Our new Gordon growth-based fair value range is DKK 175-214 (173-211).
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