Sparebank 1 Smn · OSL:MING
Sparebank 1 Smn — Sparebank 1 Smn Prim Cap — Q3 2026 Earnings Presentation
31 slides from Sparebank 1 Smn's earnings presentation, Oct 29, 2026
Slide 1: Third quarter 2026
Third quarter 2026 29 October 2026 Trond Søraas CFO Photo: Ørsta/Volda
Slide 2: Goal-fulfilling and with a high rate of development
Goal-fulfilling and with a high rate of development Third quarter 2026 • Return on equity of 13.2% YTD Above-target return so far this year, with solid growth in both the private and corporate markets. Increased interest income in the quarter. • Seasonal variations in commission income Weaker revenu
Slide 3: Strong regional bank with high value creation over time
Strong regional bank with high value creation over time 3
Slide 4: Global uncertainty – national and regional resilience
Global uncertainty – national and regional resilience SpareBank 1 SMN industry indicator as of H2 2026 Construction Commercial property Retail Offshore service Status South Status Status Status Trøndelag Outlook Outlook Outlook Outlook Previous South Previous Previous Previous ( ) Trøndelag ( ) ( )
Slide 5: The finance centre model is strengthened and expanded – physically and digitally
The finance centre model is strengthened and expanded – physically and digitally Customer value in practice Hires PwC partner to build a Finance centre in Stock Trading Solution new business: “We want the Lillestrøm AI transformation New modern digital very best people” The new financial house We ac
Slide 6: The finance centre enables targeted efforts at selected customer groups
The finance centre enables targeted efforts at selected customer groups 6
Slide 7: A broad ecosystem provides multiple sources of profitability
A broad ecosystem provides multiple sources of profitability Loyal customers More relevant services throughout the customer lifecycle Markets Commission Income Bank Revenue from the distribution of products and services Accounting Insurance Cost sharing and pensions Several companies share the costs
Slide 8: Valuable meeting places
Valuable meeting places Valuable days Businesses Over 600 registered, 100 on the waiting list 25 events across the region and countless good conversations. The 2100 participants and high engagement business days have become exactly the meeting place we hoped for.
Slide 9: Third quarter 2026 Financial information
Third quarter 2026 Financial information Trond Søraas CFO Photo: Munkholmen
Slide 10: Q3 2026 and YTD Q3 2026 results
Q3 2026 YTD Q3 2026 results 12.4% Lending growth Retail banking 1.3% 1.3% 13.2% Return on equity Corporate banking 2.1% Return on equity NOK 954m Deposit growth Retail banking -3.5% -2.1% NOK 2,982m Profit after tax Corporate banking -3.3% Profit after tax 17.1 % Profitability of subsidiaries Regnsk
Slide 11: Financial targets
Financial targets Return on equity (per cent) Solidity (per cent) 15.9% Cost/income bank ex. finance (per cent) Cost/income subsidiaries (per cent) 11
Slide 12: Growth and margins in Retail Banking - quarterly
Growth and margins in Retail Banking - quarterly Lending volume (NOKbn) Deposit volume (NOKbn) Margins vs NIBOR3M w w f , ’ f , w hedging instruments related to fixed-rate loans. 12
Slide 13: Growth and margins in Corporate Banking - quarterly
Growth and margins in Corporate Banking - quarterly Lending volume (NOKbn) Deposit volume (NOKbn) Margins vs NIBOR3M w w f , ’ f , w hedging instruments related to fixed-rate loans. 13
Slide 14: Results
Results Change Change from NOK mill Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 from Q2 26 Q3 25 Net interest income 1,292 1,229 1,220 1,349 1,337 62 -45 Commission income and other income 606 702 690 621 640 -96 -34 Operating Income 1,898 1,931 1,910 1,970 1,977 -33 -79 Total operating expenses 913 889 920 886 8
Slide 15: Income
Income Net interest income and other income (NOKm) Commission income C ha nge C ha nge NOK mill Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 f ro m Q 2 2 6 f ro m Q 3 2 5 Payment transmission income 83 66 86 89 87 17 -4 Credit cards 18 15 13 11 11 3 7 Commissions savings and asset mgmt 16 25 13 14 13 -10 2 Commiss
Slide 16: Costs
Costs Total operating expenses per quarter (NOKm) Operating expenses per category • Group costs increased by NOK 24 million compared with the second quarter. Year to date, cost growth for the Group was 2.2 per cent. • In the bank, costs increased by NOK 12 million compared with the second quarter. Y
Slide 17: Broad product range and a diversified income platform
Broad product range and a diversified income platform Ownership interests Profit after tax (NOKm) 17
Slide 18: Losses
Losses Loan losses (NOKm) Distribution of losses in the quarter (NOKm) f 18
Slide 19: Solidity
Solidity CET 1 Leverage ratio ff ff 19
Slide 20: Disclaimer
Disclaimer This presentation contains certain forward-looking statements relating to the business, financial performance and results of SpareBank 1 SMN and/or the industry in which it operates. Forward- looking statements concern future circumstances and results and other statements that are not his
Slide 21: Appendix
SpareBank Oo SMN Bank Realtor Accounting Appendix Photo: Munkholmen
Slide 22: Profitable and solid
Profitable and solid Return on equity CET1 ratio Result per ECC Loan losses in per cent of total lending 22
Slide 23: Subsidiaries
Subsidiaries Change from Change from NOK mill, SMN's share in parentheses Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 Q2 26 Q3 25 EiendomsMegler 1 Midt-Norge (92.4%) 15 48 9 6 21 -33 -6 SpareBank 1 Regnskapshuset SMN (93.3%) -13 59 46 4 -7 -72 -6 SpareBank 1 Finans Midt-Norge (64.8%) 65 79 52 85 66 -15 -1 SpareBa
Slide 24: Return on financial investments
Return on financial investments Change from Change from NOK mill Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 Q2 26 Q3 25 Net gain/(loss) on stocks 60 49 -32 19 42 10 18 Net gain/(loss) on interest rate instruments and derivatives -50 12 -6 -30 26 -62 -76 Net gain/(loss) on forex 0 12 -10 22 6 -12 -5 Net return on
Slide 25: Balance sheet
Balance sheet NOKbn 30.9.26 31.12.25 31.12.24 31.12.23 Cash and receivables from central banks 0.9 0.1 0.7 1.2 Deposits with and loans to credit institutions 1.6 2.2 9.2 8.7 Net loans to and receivables from customers 184.5 183.5 179.3 169.0 Fixed-income CDs and bonds 36.6 35.2 36.7 34.2 Derivatives
Slide 26: Equity certificate, key figures
Equity certificate, key figures Key figures Q3 26 2025 2024 2023 2022 ECC ratio 66.8 % 66.8 % 66.8 % 66.8 % 64.0 % Total issued ECCs (mill) 144.21 144.19 144.21 144.20 129.29 ECC price 218.25 206.05 171.32 141.80 127.40 Market value (NOKm) 31,474 29,711 24,706 20,448 16,471 Booked equity capital per
Slide 27: Problem loans
Problem loans [Hl Lending to customers in stage 3. — per cent of gross lending 0.99% 0.98% 2311 2294 2294 2,291 2,289 2,260 2231 oe 2204 2276 2254 227 2,085 | | 223 93.23 2423 Qi24 Q224 Q3.24 Q4 24 25 225 93.25 2425 126 Q126 Q226 Q3.26 SpareBank @) peattor 27 sMN Accounting
Slide 28: Maturity structure
Maturity structure SP, SNP. Final maturity NOKbn 28
Slide 29: Diversified deposit portfolio
Diversified deposit portfolio Deposits by sector (NOKbn) Deposits covered by the deposit Liquidity Coverage Ratio guarantee scheme as at 30.9.26 (LCR) (NOKbn) ff Public sector deposits are not covered by the guarantee scheme, but are mostly bound by contractual obligations 29
Slide 30: Well diversified lending portfolio dominated by mortgages
Well diversified lending portfolio dominated by mortgages Loans per sector As at 30th of September 2026 and change last 12 months (NOKbn) f f f , , ff 30
Slide 31: Commercial property, construction, building
Commercial property, construction, building Share of commercial real estate exposure Rental properties make up 73 per cent of the banks CRE in the corporate lending book* exposure, mainly to retail trade, industry/storage and offices Distribution of property per Distribution of area Q3 2026 per Q4 2
Sparebank 1 Smn Prim Cap — Q3 2026 Earnings Presentation on 6ix