Spar Nord Bank A/S reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the group reported that net interest income was DKK 478.5 million compared to DKK 457.4 million a year ago. Core income was DKK 782.2 million compared to DKK 664.1 million a year ago. Core earnings before impairment was DKK 394.4 million compared to DKK 283.6 million a year ago. Core earnings were DKK 266.4 million compared to DKK 177.1 million a year ago. Profit on ordinary operations was DKK 274.5 million compared to DKK 188.1 million a year ago. Profit before tax was DKK 249.1 million compared to DKK 159.3 million a year ago. Profit was DKK 194.9 million compared to DKK 123.6 million a year ago. Diluted earnings per share were DKK 1.6 compared to DKK 1.0 a year ago. Return on equity after tax was 3.7% compared to 2.6% a year ago.

For the nine months, the group reported that was net interest income was DKK 1,322.3 million compared to DKK 1,391.9 million a year ago. Core income was DKK 2,419.8 million compared to DKK 2,177.2 million a year ago. Core earnings before impairment was DKK 1,107.2 million compared to DKK 886.8 million a year ago. Core earnings were DKK 818.9 million compared to DKK 575.6 million a year ago. Profit on ordinary operations was DKK 837.9 million compared to DKK 616.9 million a year ago. Profit before tax was DKK 761.0 million compared to DKK 491.2 million a year ago. Profit was DKK 635.3 million compared to DKK 383.4 million a year ago. Cash generated from operations, total was DKK 3,121.9 million compared to cash used in operations of DKK 1,958.9 million a year ago. Return on equity after tax was 11.2% compared to 8.0% a year ago.

The Group's full-year of 2014 core earnings before impairment are now expected to hover around DKK 1,200 million ­ corresponding to an upward adjustment of the forecast earnings from operations of DKK 100 million compared with the forecast at the beginning of the year.