Slides
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Banco Sabadell October 29, 2026 1 Q3 · 2026 Results
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01. 3Q26 highlights p.3 02. Financial results p.13 03. Balance sheet p.21 04. Closing remarks p.25 Index 2
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3Q26 highlights 3
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+4.4% YtD Positive jaws continue to expand Core revenues keep growing NII +2.0% QoQ Fees +3.7% QoQ Costs are contained Total recurrent costs -0.1% QoQ Asset quality remains favourable NPL ratio Sustained shareholder remuneration Commercial activity maintains positive momentum Performing loans Recurrent profitability on track to meet year-end target of 14.5% 4 2.40% (-6bps QoQ) Share buyback pending execution €57M out of €331M (23 Oct 2026) New interim dividend €7cts/share Early retirement plan already delivering results Customer funds +2.6% YtD Total CoR 40bps
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Strategic initiatives support the achievement of targets 5 Mutual funds distribution agreement extension Partnership with Amundi renewed to 2035 AI and transformation gaining prominence across the organisation The new agreement supports sustainable growth in AuM, enhanced value proposition and recurring revenues Makes industrial sense for both parties. It provides greater scale and higher product catalogue flexibility The new fee distribution scheme is aligned with prevailing market levels Focus on execution Simpler organisational structure to enhance execution and accountability Stronger focus on relationship banking and high-value customers (affluent, private banking and SME & Corporates) Improvement of the economics with no upfront payment, but with higher run-rate fees Ambition to become the best relationship bank in Spain
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6 Improving trends throughout the year P&L 3Q26 (€M) 9M26 (€M) 3Q26/2Q26 9M26/9M25 NII 920 2,694 +2.0% -0.6% Fees 340 983 +3.7% +2.1% Total recurrent costs -570 -1,709 -0.1% +3.8% Provisions -132 -418 -13.0% +13.8% Recurrent net profit 405 1,0961 +12.9%2 -5.3%3 Net profit (incl. TSB) 405 1,376 -35.0% -1.0% 14.2% Recurrent RoTE4 15.5% Reported RoTE 1 Recurrent net profit 9M26 (€1,096M) = Net profit, incl. TSB (€1,376M) - TSB contribution (€79M) – One-offs (€201M, see details on slide 36). 2 Excludes TSB contribution (€16M) and one-offs (€249M), both in 2Q26. 3 Excludes the TSB contribution (€79M in 9M26 and €242M in 9M25) and one-offs (€201M) in 9M26. 4 Proforma deconsolidating TSB as of June 2025, which entails the distribution of a 50 euro cent dividend per share and the deconsolidation of TSB intangibles. It does not include TSB contribution to the Group. Additionally, it excludes (net of taxes): -€21M related to FX hedge on the proceeds from the sale of TSB, -€64M of non-recurrent costs related to the early retirement plan in Spain in 1H26, +€322M of capital gains from the sale of TSB, and -€45M related to the sale of a legacy equity stake.
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7 Mortgages €M, quarterly new lending in Spain SMEs & Corporates Loans and credit facilities €M, quarterly new lending in Spain SMEs & Corporates Working capital €M, quarterly new lending in Spain Consumer loans €M, quarterly new lending in Spain 0% Var. YoY +5% Var. QoQ +7% Var. YoY +13% Var. QoQ +9% Var. YoY -39% Var. QoQ -4% Var. YoY -2% Var. QoQ New household lending increased, while seasonality affected SME & Corporate performance 768 728 824 3Q25 2Q26 3Q26 1,600 1,516 1,596 3Q25 2Q26 3Q26 3,508 6,288 3,810 3Q25 2Q26 3Q26 8,828 8,644 8,495 3Q25 2Q26 3Q26
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8 Sep-26 QoQ YtD YoY Mortgages 40.7 +1.3% +2.4% +3.5% Consumer loans 5.9 +4.5% +9.0% +12.7% SMEs & Corporates 45.6 -0.1% +3.0% -0.4% Public sector 12.0 -4.4% +6.8% +5.2% Other lending 2.3 -26.1% -15.9% -11.0% Total Spain 106.4 -0.6% +3.0% +2.1% Sep-26 QoQ YtD YoY Mexico Constant FX 5.5 +0.8% +2.8% +10.7% +7.7% +19.0% +14.4% Miami Constant FX 7.9 +1.3% +1.0% +13.9% +10.1% +16.6% +12.7% Foreign branches Constant FX 5.1 +4.0% +3.7% +15.7% +14.8% +14.5% +13.5% Total international Constant FX 18.5 +1.9% +2.3% +13.4% +10.6% +16.7% +13.5% Total Constant FX 124.9 -0.2% -0.2% +4.4% +4.1% +4.0% +3.6% Performing loans by segment €bn Year-to-date growth on track to deliver mid-single-digit growth for the full year
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9 Growing on-balance sheet funds in line with guidance while containing deposit beta Total customer funds €bn Sep-26 QoQ YtD YoY On-balance sheet 133.6 +0.1% +1.2% +4.6% Of which: Spain 126.5 +0.3% +1.7% +4.9% Off-balance sheet 55.9 +2.1% +6.1% +8.1% Total customer funds 189.4 +0.7% +2.6% +5.6% €bn Non-remunerated 83.8 Remunerated 49.7 On-balance sheet funds 133.6 Sep-26 Spain 61bps 67bpsCost of customer funds Quarterly avg. 3M Euribor 2Q26 3Q26 2.25% 2.52% Deposit beta 27% 26% QoQ +6bps +28bps -1pp +7bps YoY 84bps +6bps QoQ Cost of customer funds €126.5bn Sep-26
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3.68% 3.64% 3.63% 3.62% 3.70% 0.77% 0.76% 0.78% 0.78% 0.84% 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26e +8bps QoQ 2.91% 2.88% 2.85% 2.84% 2.86% c.2.90% 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26e 10 Customer margin expansion confirms the inflection point Customer margin bottomed in 2Q26 and will gradually improve in the coming quarters Loan yield & cost of customer funds Customer margin Cost of customer funds Loan yield Customer margin Loan yield expansion expected to outpace deposit cost growth as the variable-rate loan repricing cycle progresses 2.86% +6bps QoQ +2bps QoQ
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Delivering attractive shareholder remuneration in 2026 New interim cash dividend of €7cts per share 11 1 CET1 fully-loaded, applying the regulatory output floor timeline. 2026 24 July After AGM 202720262026 29 December Final distribution 2nd interim distribution in cash €7cts/share (€325M) New €331M 1st interim distribution in share buyback (17% pending execution) 29 May Extraordinary cash dividend €50cts/share Recurrent shareholder remuneration (60% pay-out + excess capital >13% CET11) Extraordinary remuneration from sale of TSB
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Entry of BPCE as a strategic shareholder 12 1 Subject to applicable governance procedures and required approvals. BPCE is the 2nd largest banking group in France and the fourth largest in the eurozone by capital Becomes a stable and long-term shareholder in Banco Sabadell BPCE has acquired a stake of 7% of Banco Sabadell’s capital, intending to remain below 9.9% ownership Appointment of a director to Banco Sabadell's board1 Potential business cooperation opportunities in: • Corporate and Investment Banking • Equipment leasing • Consumer credit • Cross-border clients business
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Financial results 13
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14 Profitability on track to meet year-end target of 14.5% 14.2% Recurrent RoTE4 €M 3Q26 9M26 3Q26/2Q26 9M26/9M25 Net interest income 920 2,694 2.0% -0.6% Fees & commissions 340 983 3.7% 2.1% Core banking revenue 1,260 3,677 2.4% 0.1% Trading income & forex 29 46 n.m. n.m. Other income & expenses 26 54 20.2% -33.4% Gross operating income 1,315 3,777 3.7% 1.0% Recurrent costs -570 -1,709 -0.1% 3.8% Restructuring costs 0 -88 n.m. n.m. Pre-provisions income 745 1,981 12.2% -5.3% Total provisions & impairments -132 -418 -13.0% 13.8% Gains on sale of assets and other results -3 277 n.m. n.m. Profit before taxes 610 1,840 -23.0% 7.7% Taxes & minority interest -204 -543 11.2% -3.1% Recurrent net profit 405 1,096 12.9% -5.3% Net profit (incl. TSB) 405 1,376 -35.0% -1.0% 1 2 3 1 Recurrent net profit 9M26 (€1,096M) = Net profit, incl. TSB (€1,376M) - TSB contribution (€79M) – One-offs (€201M, see details on slide 36). 2 Excludes TSB contribution (€16M) and one-offs (€249M), both in 2Q26. 3 Excludes the TSB contribution (€79M in 9M26 and €242M in 9M25) and one-offs (€201M) in 9M26. 4 Proforma deconsolidating TSB as of June 2025, which entails the distribution of a 50 euro cent dividend per share and the deconsolidation of TSB intangibles. It does not include TSB contribution to the Group. Additionally, it excludes (net of taxes): -€21M related to FX hedge on the proceeds from the sale of TSB, -€64M of non-recurrent costs related to the early retirement plan in Spain in 1H26, +€322M of capital gains from the sale of TSB, and -€45M related to the sale of a legacy equity stake.
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899 902 920 3Q25 2Q26 3Q26 15 NII in the quarter underpinned by larger volumes and customer margin expansion Quarterly NII €M 3Q25 2Q26 3Q26 Customer margin 2.91% 2.84% 2.86% Net interest margin 1.79% 1.79% 1.81% +2.0% 3Q26/2Q26 -0.6% 9M26/9M25 NII QoQ evolution €M • Customer NII benefited from larger average volumes and positive asset repricing, partially offset by higher cost of deposits in the quarter • Customer margin marginally improved in the quarter • Non-customer NII impacted by higher wholesale funding costs, partially offset by higher ALCO contribution 902 920 +24 +3 -9 2Q26 Customer NII Day count ALCO, liquidity, wholesale funding and others 3Q26
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€M 16 Customer margin expansion has already started, with higher rates moderating the pace, while the potential remains NII expected quarterly evolution 4Q26 vs 4Q25 Mid-single digit growth • ECB expected to raise deposit facility rate to 2.75% by year-end, 25bps higher than previously anticipated • Loan yield increasing due to positive repricing of variable interest rate loans • Cost of deposits to grow faster than anticipated in a higher interest rate environment • Customer margin expected to reachlevels c.290bps in 4Q26 (previously above 290bps) NII in 4Q26 is expected to keep increasing, with mid-single-digit growth versus 4Q25, driven by: NII expected to grow c.1% YoY, marginally below guidance
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Commissions grew in the quarter by c.4%, despite negative seasonality Fees & commissions €M • Asset management growth supported by higher AuM and positively impacted by €10M related to the new agreement with Amundi • Service fees and credit and contingent riskfees remained broadly stable in the quarter despite usual negative seasonality Positive QoQ variation, driven by asset management and insurance fees • Higher levels of activity • Following the renewed agreement with Amundi, the new run rate in asset management fees will be c.€5M higher per quarter • Success fees in asset management and insurance recorded in Q4 In 4Q26, fees are expected to grow QoQ supported by: +3.7% 3Q26/2Q26 +2.1% 9M26/9M25 Commissions expected to grow c.4% YoYAsset Management and insurance Services Credit and contingent risk 17 82 92 103 166 169 168 65 67 68 314 328 340 3Q25 2Q26 3Q26
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Recurrent costs remained contained in the quarter 1 Excluding -€33 million in 2Q26 of non-recurrent costs related to efficiency initiatives in Spain. 2 Excluding -€88 million of non-recurrent costs related to efficiency initiatives in Spain in 9M26. Total costs €M • Staff expenses were broadly flat, benefitting from savings related to the early retirement plan • Other general expenses remained stable driven bycost containment In the quarter, total recurrent costs remained stable Staff expenses Other general expenses Amortisation & depreciation -0.1% 3Q26/2Q261 +3.8% 9M26/9M252 Recurrent costs expected to grow by c.2% YoY, marginally better than guidance Non-recurrent costs • Usual negative seasonality in Q4 • Savings from the early retirement plan already accruing since 3Q26 • The reclassification of the payment business in 4Q25 will provide a more favourable YoY comparison in 4Q26 Recurrent costs are expected to increase in 4Q26 vs 3Q26 18 301 301 302 169 167 166 91 102 102 33561 603 570 3Q25 2Q26 3Q26
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Jaws expected to widen going forward 19 • NII: +2% QoQ • Fees: +3.7% QoQ • Recurrent costs: -0.1% QoQ Core banking results improved as anticipated Jaws to widen further, supported by revenue growth and cost discipline Quarterly core banking results €M Recurrent costs NII + Fees 2025 2026 Lowest 4Q26e3Q262Q261Q264Q253Q252Q251Q25
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20 CoR remains stable at 40bps, in line with the year-end target Credit provisions €M -8.8% 3Q26/2Q26 +50.2% 9M26/9M25 Total provisions 3Q26 breakdown €M • Credit cost of risk remained contained • Provision write-backs on foreclosed assets were underpinned by gains from real estate disposals • NPA management costs and other provisions in line with the run rate 32bps Credit CoR 40bps Total CoR Total cost of risk to remain at ~40bps for 2026 88 115 105 3Q25 2Q26 3Q26 105 132 -3 23 7 Credit provisions for NPLs Foreclosed asset provisions NPA management costs Other provisions Total provisions
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Balance sheet 21
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22 NPL ratio continued to improve while coverage ratios remained broadly stable NPL and coverage ratios €M / % Exposure and coverage ratio by stage €M Stage 2 Stage 3 Sep-26 YoY Sep-26 YoY Exposure (€M) 5,149 -949 3,298 -336 % of total loan book 3.8% -86bps 2.4% -35bps Coverage 4.7% -10bps 53.5% +21bps Total provisions / stage 3NPL ratioNPLs Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26Sep-25 Jun-26 Sep-26 Key NPA ratios % Sep-25 Jun-26 Sep-26 Gross NPA ratio1 3.3% 2.9% 2.8% Net NPA ratio 1.2% 1.1% 1.0% Net NPAs / total assets 0.8% 0.7% 0.7% 2.75% 2.47% 2.40% 69% 69% 70% 1 NPAs / (gross loans + foreclosed assets).
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32 33 34 18 18 19 50 51 52 Sep-25 Jun-26 Sep-26 €bn % 23 Well-positioned funding and liquidity profile Liquidity metrics Total liquid assets 93% Loan-to-deposit 132% NSFR 185% LCR Long-term ratings High Quality Liquid Assets Other liquid assets Long-term credit rating Outlook Standard & Poor’s A- Positive Moody’s Baa1 Stable Fitch Ratings A- Stable DBRS A (low) Stable Sep-26 YTD new issuances Instrument Size (€bn) Covered bonds 1.3 Senior bonds (Certificados Bursátiles Bancarios, Sabadell Mexico) 0.2 Total 1.5 • AT1: Excess AT1 buffer expected to be normalised in 2027 • Tier 2: Current shortfall offset by excess AT1 buffer • Senior preferred / non-preferred: Maintain MREL management buffer • Covered bonds: Opportunistic EUR issuance • Significant Risk Transfer (SRT): Support capital optimisation 2026 funding plan Lower MREL funding needs following the sale of TSB + 2 securitisations (SRT)
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13.11% 13.12% Jun-26 Organic CET1 generation post AT1 coupons Fair value reserve adjustment RWAs growth Dividend accrual Sep-26 Evolution of CET1 fully-loaded 24 Note: September 2026 capital ratios include 12bps CET1 surplus above 13% (fully-loaded, applying the regulatory output floor timeline), the level at which a commitment to distribute excess capital is triggered. +50bps -13bps +2bps -38bps +39bps of capital generation pre dividend accrual +1bps CET1 ratio remained stable despite fair value adjustments in the quarter Shareholder value creation +12% 2.42 2.13 0.57 Sep-25 Sep-26 TBVpS Cumulative dividends Jun-26 Organic CET1 generation post AT1 coupons Fair value reserve adjustment RWAs growth Dividend accrual Sep-26 Sep-26Sep-25 In €
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Closing remarks 25
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Positive jaws to remain the key driver of profitability improvement through year-end and into 2027 26 Core revenues ~1% YoY (NII) ~4% YoY (Fees) ~2% On track to deliver our RoTE guidance 16% in 2027 Revenue growth set to continue ✓ NII expected to grow in 4Q26 ▪ Loan and deposit volumes on track to meet guidance ▪ Customer margin c.290bps by year-end ✓ Fee growth to continue in 4Q26 Costs Greater visibility for the year-end ✓ More favourable YoY comparison in 4Q26 CoR Benign asset quality outlook ✓ Further improvement in NPL ratio ✓ CoR expected to remain stable in 4Q26 2026 Guidance New interim cash dividend of €7cts/share to be paid on 29th December 14.5% in 2026 ~40bps 26 Recurrent RoTE On track Marginally reduced Recurrent RoTE Marginally improved
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01. NIM and customer margin 02. Debt maturities 03. MREL position 04. ALCO portfolio 05. NPA evolution 06. RWAs breakdown 07. MDA buffer 08. One-offs 09. Artificial intelligence Appendix 27
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Appendix 1 28 Loan yield, cost of customer funds, customer margin and NIM Loan yield & Cost of customer funds In % Customer margin and NIM Cost of customer funds Loan yield Customer margin NIM as % of average total assets In % 3.68% 3.64% 3.63% 3.62% 3.70% 0.77% 0.76% 0.78% 0.78% 0.84% 3Q25 4Q25 1Q26 2Q26 3Q26 2.91% 2.88% 2.85% 2.84% 2.86% 1.79% 1.83% 1.78% 1.79% 1.81% 3Q25 4Q25 1Q26 2Q26 3Q26
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457 1,118 2,235 3,921 2,500 1,450 4,210 2026 2027 2028 2029 2030 2031 >2031 Appendix 2 29 Upcoming debt maturities Debt maturities in euros and excluding AT1 issuances. Strictly includes maturities and not calls. Includes Banco Sabadell Mexico issuances. Covered bonds 390 1,100 985 950 1,250 950 2,000 Senior Preferred Debt 0 0 750 1,471 750 0 0 Senior Non-Preferred Debt 67 18 500 1,500 500 500 1,195 Subordinated debt 0 0 0 0 0 0 1,015 Total 457 1,118 2,235 3,921 2,500 1,450 4,210
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Appendix 2 30 Debt maturities Instrument Date Nominal amount Covered bonds 28/08/2026 €1,000M Total €1,000M Main debt maturities and redemptions in last 6 months Main debt maturities or calls in next 12 months Instrument Date Nominal amount Covered bonds 21/12/2026 €390M Covered bonds 26/04/2027 €1,100M AT1 19/05/2027 (call) €750M Senior non-preferred 16/06/2027 (call) €500M Total €2,740M Note: AT1 instruments are perpetual. Dates shown correspond to the first optional redemption dates and are provided for reference purposes only.
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4.76% 1.15% 0.64% 2.15% 1.44% Sep-26 % LRE Reported 13.17% 3.19% 1.76% 5.94% 3.98% Sep-26 % RWA Reported Appendix 3 31 MREL position MREL position % Risk Weighted Assets (RWAs phase-in), % Leverage Ratio Exposure (LRE) CET 1 AT1 Tier 2 Senior non preferred Senior preferred Subordinated Subordinated 25.38% 2026 requirement1 18.33% 2026 subordinated requirement1 6.26% 2026 requirement1 8.71% Subordinated MREL position 6.26% 2026 subordinated requirement1 28.04% 10.15% 1 New requirement applicable as of April 7, 2026, according to the communication received from the Bank of Spain concerning the decision of the Single Resolution Board (SRB) . Note 1: September 2026 capital ratios include 17bps CET1 surplus above 13%, the level at which a commitment to distribute excess capital is triggered. Note 2: Ratios include the Combined Buffer Requirement (at 3.24% from Jun-26 onwards). Sep-26 % RWA Reported Sep-26 % LRE Reported 24.06% Subordinated MREL position
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20.1 5.3 1.6 1.6 4.1 2.7 25.7 29.3 29.7 5.9 5.6 5.731.6 34.8 35.4 Sep-25 Jun-26 Sep-26 Appendix 4 32 ALCO portfolio Evolution of fixed income portfolio €bn Fair Value OCI Held to collect 16.1% 17.5% 17.7% As % of total assets Sep-26 Yield Total duration1 Avg. Maturity FV OCI 3.4% 1.4 years 4.2 years Total 2.9% 3.2 years 5.7 years Note: Fixed income portfolio excludes trading portfolio. 1 Duration includes the impact of hedges. Composition of fixed income portfolio €bn. Sep-26. Spain Italy Euro SSA & Financials Other EU governments Non-EU governments & agencies • The sensitivity of the CET1 ratio to a 100bps interest rate shift is 9bps • The sensitivity of the CET1 ratio to a 100bps credit spread shift by country is as follows: • Spain: 5bps • France: 2bps • Italy: 1bp • c.€0.6bn to mature in 4Q26 and c.€2bn in 2027 • Unrealised capital gains/losses (after tax): • Fair value OCI: -0.2pp of CET1 • Held to collect: -1.2pp of CET1 France
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4,363 4,025 3,886 Sep-25 Jun-26 Sep-26 729 636 588 Sep-25 Jun-26 Sep-26 33 Note: Includes contingent risk. NPA coverage ratio calculated as (total provisions for credit + total provisions for foreclosed assets) / (stage 3 + foreclosed assets). Foreclosed assets €M Non-performing assets exposure and coverage ratio €M 22% Stock sold L12M +10% Average premium 93% Finished properties (stock) -19% YoY -11% YoY Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Coverage ratioForeclosed assets Coverage ratioNon-performing assets Appendix 5 NPA evolution 37% 35% 35% 64% 63% 65%
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Appendix 6 34 RWAs breakdown €70,568M Sep-26 phase-in RWAs €57.0bn Credit risk €0.6bn Market risk €12.7bn Operational risk €0.3bn Others €63.4bn Spain €2.9bn UK €4.3bn Mexico By type: By geography:
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Appendix 7 35 As of Sep-26 Capital requirements Capital position (phase-in) Capital requirements (pro-forma 2027) Pillar 1 CET1 4.50% 4.50% Pillar 2 CET1 Requirement (P2R) 1.18%1 1.13%1 Capital Conservation Buffer 2.50% 2.50% Countercyclical Buffer 0.49% 0.86% Other Systemically Important Institutions 0.25% 0.25% CET1 8.92% 13.17% 9.24% AT1 1.89%1 3.19% 1.88%1 Tier 2 2.53%1 1.76% 2.50%1 Total Capital 13.34% 18.11% 13.61% 424bps MDA buffer 5.9% Leverage ratio phase-in • MDA stands at 424bps above the current requirement and 393bps above the 2027 requirement • Leverage ratio (phase-in) increased +28bps YoY Capital ratios include 17bps CET1 surplus above 13%, the level at which a commitment to distribute excess capital is triggered. 1 Applying Article 104a CRD, which allows excess AT1 and Tier 2 capital to be used to meet the P2R requirement (43.75% of P2R can be met with excess hybrid capital, including 18.75% AT1 and 25% Tier 2). MDA buffer
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Appendix 8 36 One-off items €M Concept P&L line impacted Gross Net Gross Net Gain on sale of assets and other results 331 316 331 316 Trading income & forex 9 6 9 6 FX hedge on the proceeds from the sale of TSB Trading income & forex -17 -12 -30 -21 Total costs -88 -61 -88 -61 Provisions -2 -1 -2 -1 Gain on sale of assets and other results -2 -2 -2 -2 Sale of a legacy equity stake Gain on sale of assets and other results -45 -45 -45 -45 Total 201 191 9M26 Non-recurrent costs due to the early retirement program L12M Sale of TSB
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Appendix 9 37 Artificial intelligence: from proven use cases to selective scale Current focus Maturity phases Successful use cases Key enablers IT Capabilities Building the technology backbone to deploy AI securely and at scale, with the T-Systems agentic platform as a key example New Org. design Dedicated corporate transformation & AI function to drive AI at scale Specific areas of focus Customer relationship Commercial productivity Process industrialisation Employees (Headquarters) Transform Select & Scale Set up & Test AI real-time assistant (for remote customer service agents) >3pp First contact resolution Agentic payments (Mastercard agent pay) 1st payment successfully made Employee productivity (100% employee access to Copilot) >20% of employees using AI agents daily
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Glossary 38 ALCO Asset and Liability Committee AuM Assets under Management AI Artificial intelligence bps Basis points CET1 FL Common Equity Tier 1 Fully-Loaded CoR Cost of Risk CRD Capital requirements directive ECB European Central Bank FV OCI Fair Value through Other Comprehensive Income HQLA High Quality Liquid Asset LCR Liquidity Coverage Ratio LRE Leverage Ratio Exposure LTV Loan to Value MDA Maximum Distributable Amount MREL Minimum Requirement of Eligible Liabilities NII Net Interest Income NIM Net Interest Margin NPA Non-Performing Asset NPL Non-Performing Loan NSFR Net Stable Funding Ratio P2R Pillar 2 Requirement RoTE Return on Tangible Equity RWA Risk Weighted Assets SREP Supervisory Review and Evaluation Process SRT Significant Risk Transfer SSAs Sovereigns, Supranationals, and Agencies TBVpS Tangible Book Value per share YtD Year-to-Date
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Disclaimer 39 This presentation (the "Presentation") has been prepared and is issued by, and is the sole responsibility of, Banco de Sabadell, S.A. ("Banco Sabadell" or "the Company"). For the purposes hereof, the Presentation shall mean and include the slides comprised in this document, any prospective oral presentations of such slides by the Company or its Representatives (as defined below), as well as any question-and-answer session that may follow such oral presentation and any document or informative materials distributed at, or in connection with, any of the above. The information contained in the Presentation does not purport to be comprehensive and has not been independently verified and some of the information is in summary form. No representation or warranty, express or implied, is made by Banco Sabadell or any of its affiliates (Banco Sabadell Group), nor by their directors, officers, employees, representatives or agents (the “Representatives”) as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions expressed herein. None of Banco Sabadell nor any of its affiliates, nor their respective Representatives shall have any liability whatsoever (in negligence or otherwise) for any direct or indirect loss, damages, costs or prejudices whatsoever (including, but not limited to, consequential, reputational, loss of profits, punitive or moral) arising from the use of the Presentation or its contents or otherwise arising in connection with the Presentation, save with respect to any liability for fraud, and expressly disclaim any and all liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in connection with the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or inaccuracies that may be contained in the Presentation. Banco Sabadell cautions that this Presentation may contain forward-looking statements and estimates, forecasts, targets or projections with respect to the business, financial condition, results of operations, strategy, plans and objectives of the Banco Sabadell Group. While these forward - looking statements and estimates, forecasts, targets or projections represent Banco Sabadell Group’s current judgment on future expectations concerning the development of its business, a certain number of risks, uncertainties and other important factors could cause actual results to differ materially from Banco Sabadell Group expectations. These factors include, but are not limited to, (1) market situation, macroeconomic factors, governmental, political and regulatory trends; (2) movements in local and international securities markets, currency exchange rates and interest rates; (3) competitive pressures; (4) technical developments; (5) changes in the financial position or credit worthiness of Banco Sabadell Group’s customers, obligors and counterparts; and (6) developments related to the military conflict between Russia and Ukraine. These and other risk factors published in Banco Sabadell Group past and future reports and documents, including those filed with the Spanish Securities and Exchange Commission (“CNMV”) and available to the public both in Banco Sabadell´s website (www.grupbancsabadell.com) and in the CNMV’s website (www.cnmv.es), as well as other risk factors currently unknown or not foreseeable, which may be beyond Banco Sabadell's control, could adversely affect our business and financial performance and cause actual results to differ materially from those underlying the forward -looking statements and estimates, forecasts, targets or projections. Accordingly, undue reliance should not be placed on any forward-looking statement contained in this Presentation. The information contained in the Presentation, including but not limited to forward -looking statements and estimates or projections, is provided as of the date hereof (unless they are referred to a specific date) and does not claim to give any assurance as to future results. No person is under any obligation to update, complete, revise or keep current the information contained in the Presentation, whether as a result of new information, future events or results or otherwise. The information contained in the Presentation may be subject to change without notice and must not be relied upon for any purpose. This Presentation contains financial information derived from Banco Sabadell Group’s unaudited financial statements for the third quarter of 2026. Financial information by business areas is presented according to International Financial Reporting Standards (IFRS) as well as internal Banco Sabadell Group´s criteria as a result of which each division reflects the true nature of its business. These criteria do not follow any particular regulation and may include estimates and subjective valuations which could represent substantial differences in the information presented, should a different methodology be applied. In addition to the financial information prepared in accordance with the IFRS, this Presentation includes certain Alternative Performance Measures (“APMs”) as defined in the Commission Delegated Regulation (EU) 2019/979 of March 14, 2019 and in the Guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority on 5 October 2015 (ESMA/2015/1415es). The APMs are performance measures that have been calculated using the financial information from Banco Sabadell Group but that are not defined or detailed in the applicable financial information framework and therefore have neither been audited nor are capable of being completely audited. These APMs are used to allow for a better understanding of the financial performance of the Banco Sabadell Group but should be considered only as additional information and in no case as a replacement of the financial information prepared under IFRS. Moreover, the way the Banco Sabadell Group defines and calculates these APMs may differ from the way these are calculated by other companies that use similar measures, and therefore they may not be comparable. Please refer to the quarterly financial Report (https://www.grupbancsabadell.com/corp/en/shareholders-and-investors/economic-and-financial- information.html) for further details of the APMs used, including its definition or a reconciliation between any applicable management indicators and the financial data presented in the consolidated financial statements prepared under IFRS. Market and competitive position data in the Presentation have generally been obtained from industry publications and surveys or studies conducted by third-party sources. Peer firm information presented herein has been taken from peer firm public reports. There are limitations with respect to the availability, accuracy, completeness and comparability of such data. Banco Sabadell has not independently verified such data and can provide no assurance of its accuracy or completeness. Certain statements in the Presentation regarding the market and competitive position data of Banco Sabadell are based on the internal analyses of Banco Sabadell, which involve certain assumptions and estimates. These internal analyses have not been verified by any independent source and there can be no assurance that the assumptions or estimates are accurate. Accordingly, undue reliance should not be placed on any of the industry, market or Banco Sabadell’s competitive position data contained in the Presentation. The distribution of this Presentation in certain jurisdictions may be restricted by law. Recipients of this Presentation should inform themselves about and observe such restrictions. Banco Sabadell Group and their Representatives disclaim any liability for the distribution of this Presentation by any of its recipients. Banco Sabadell Group and their Representatives are not nor can they be held responsible for the use, valuations, opinions, expectations or decisions which might be adopted by third parties pursuant to the publication of this Presentation. No one should acquire or subscribe for any securities or financial instruments in the Company on the basis of this Presentation. This Presentation does not constitute or form part of, and should not be construed as, (i) an offer, solicitation or invitation to subscribe for, acquire, sell, issue, underwrite or otherwise acquire any securities or financial instruments, nor shall it, or the fact of its communication, form the basis of, or be relied upon in connection with, or act as any inducement to enter into any contract or commitment whatsoever with respect to any securities; or financial instruments or (ii) any form of financial opinion, recommendation or investment or financial advice with respect to any securities or financial instruments. By receiving or accessing to this Presentation you accept and agree to be bound by the foregoing terms, conditions and restrictions.