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Third quarter 2026 29 October 2026 Trond Søraas CFO Photo: Ørsta/Volda
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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 revenues from real estate brokerage and accounting, as well as lower contributions from ownership interests. • Good cost control Streamlined operations and reduced staffing through attrition. • Solid financial position Low losses and strong capital adequacy provide room for manoeuvre for further growth and attractive dividends. • Close to Central Norway Close to customers, breadth of offering and strong digital solutions. 2
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Strong regional bank with high value creation over time 3
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South Trøndelag Retail Status Outlook Global uncertainty – national and regional resilience 4 SpareBank 1 SMN industry indicator as of H2 2026 Outlook South TrøndelagStatus Outlook Aquaculture South Trøndelag Agriculture Status Outlook Fisheries Status Outlook Status Status Outlook Offshore service South Trøndelag Status Outlook ( ) ( ) ( ) Previous ( ) Previous ( ) Previous ( ) Previous ( ) Previous Previous Previous Commercial propertyConstruction
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The finance centre model is strengthened and expanded – physically and digitally 5 Customer value in practice Finance centre in Lillestrøm The new financial house brings together banking, technology, accounting and consulting under one roof, with the business community as the first focus area. The acquisition of Statera provides 15 new colleagues, strong customer relationships and a solid professional environment that complements our investment in Romerike. AI transformation We accelerate the safe use of AI in customer meetings, advisors' everyday life and streamlining internal processes. Stock Trading Solution New modern digital solution that provides customers better overview and is easier to use. The sale of Kredinor will focus ownership on strategic core business. The transaction is expected to be completed in January 2027. Hires PwC partner to build a new business: “We want the very best people” “With Gry, we have what we need to compete with those we will now be competing against.” Gry Møller will be looking to recruit more people. PHOTO: KIM NYGÅRD / ADRESSEAVISEN
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The finance centre enables targeted efforts at selected customer groups 6
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A broad ecosystem provides multiple sources of profitability 7 Loyal customers More relevant services throughout the customer lifecycle Commission Income Revenue from the distribution of products and services Cost sharing Several companies share the costs of the office network Contribution to earnings Our share of the results of companies we own Value increase and dividends Owner values are built and realised over time Commercial property Insurance and pensions Savings and asset management Payment services Accounting Real estate brokerage Bank Markets
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Valuable meeting places Valuable days 25 events across the region 2100 participants and high engagement Businesses Over 600 registered, 100 on the waiting list and countless good conversations. The business days have become exactly the meeting place we hoped for.
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Third quarter 2026 Financial information Trond Søraas CFO Photo: Munkholmen
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Q3 2026 12.4% Return on equity NOK 954m Profit after tax 17.1 % CET1-ratio Lending growth 1.3% Retail banking 1.3% Corporate banking 2.1% Deposit growth -3.5% Retail banking -2.1% Corporate banking -3.3% Profitability of subsidiaries Regnskapshuset SMN -6.8% Eiendomsmegler 1 Midt-Norge 9.1% SB1 Finans Midt-Norge 11.8% (ROE) 10 YTD Q3 2026 results 13.2% Return on equity NOK 2,982m Profit after tax NOK 152m Losses on loans and guarantees
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Financial targets Return on equity (per cent) Solidity (per cent) Cost/income bank ex. finance (per cent) Cost/income subsidiaries (per cent) 11 15.9%
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Growth and margins in Retail Banking - quarterly Lending volume (NOKbn) Deposit volume (NOKbn) 12 Margins vs NIBOR3M f , ’ f , w hedging instruments related to fixed-rate loans. w w
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Growth and margins in Corporate Banking - quarterly 13 Margins vs NIBOR3MLending volume (NOKbn) Deposit volume (NOKbn) f , ’ f , w hedging instruments related to fixed-rate loans. w w
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Results 14 NOK mill Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 Change from Q2 26 Change from 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 913 889 920 886 854 24 59 Pre-loss result of core business 985 1,042 990 1,084 1,123 -57 -138 Losses on loans and guarantees 17 35 100 61 27 -18 -11 Post-loss result of core business 968 1,007 889 1,024 1,096 -39 -127 Related companies 204 355 212 278 278 -151 -74 Securities, foreign currency and derivatives 12 77 -46 25 75 -66 -63 Result before tax 1,184 1,439 1,055 1,326 1,448 -255 -264 Tax 230 260 206 265 275 -30 -45 Result assets held for sale 1 0 0 0 -2 1 3 Net profit 954 1,179 849 1,061 1,171 -225 -217 Return on equity 12.4 % 16.2 % 11.3 % 13.7 % 15.9 % -3.8 % -3.5 %
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Income Commission incomeNet interest income and other income (NOKm) 15 NOK mill Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 C hange fro m Q2 26 C hange fro m Q3 25 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 Commissions insurance 88 86 84 83 80 2 8 Guarantee commissions 13 14 17 17 16 -1 -3 Estate agency 163 197 148 136 165 -34 -2 Accountancy services 166 232 231 164 152 -65 14 Other commissions 23 19 20 21 22 4 1 Commissions ex. covered bonds 570 655 612 534 546 -84 25 Commissions Boligkreditt (cov. bonds) 33 44 75 83 91 -12 -58 Commissions Næringskred. (cov. bonds) 4 3 3 3 3 1 4 Total commission income 606 702 690 621 640 -95 -34
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Costs Total operating expenses per quarter (NOKm) 16 NOKm Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 C hange fro m Q2 26 C hange fro m Q3 25 Staff costs 558 528 560 515 525 30 33 IT costs 128 134 131 104 104 -6 24 Marketing 40 43 38 30 37 -3 3 Ordinary depreciation 46 46 46 47 47 -1 -1 Op.ex., real estate properties 20 22 18 10 19 -1 2 Wealth tax -8 0 0 37 0 -8 -8 Purchased services 65 62 65 82 63 3 3 Other operating expense 62 54 61 60 59 8 3 Total operating expenses 913 889 920 886 854 24 59 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. Year to date, cost growth in the bank was 0.0 per cent. • In 2026, 57 per cent of employees leaving the bank have been replaced. A reduction of approximately 40 FTEs is expected for the year as a whole.
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Ownership interests Profit after tax (NOKm) Broad product range and a diversified income platform 17
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Losses Loan losses (NOKm) Distribution of losses in the quarter (NOKm) 18 f
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Solidity Leverage ratioCET 1 19 ff ff
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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 historical facts, sometimes identified by the words “believes”, "expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. The forward-looking statements contained in this presentation, including assumptions, opinions and views of SpareBank 1 SMN, or cited from third party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. Important factors that may cause such a difference for SpareBank 1 SMN are but not limited to: (i) the macroeconomic development, (ii) change in the competitive climate, (iii) change in the regulatory environment and other government actions and (iv) change in interest rate and foreign exchange rate levels. SpareBank 1 SMN do not provide any assurance that the assumptions underlying such forward-looking statements are free from errors and do not accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecasted developments. SpareBank 1 SMN assumes no obligation, except as required by law, to update any forward-looking statements or to conform these forward-looking statements to our actual results. 20
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Appendix Photo: Munkholmen
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Profitable and solid CET1 ratio Loan losses in per cent of total lendingResult per ECC Return on equity 22
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Subsidiaries 23 NOK mill, SMN's share in parentheses Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 Change from Q2 26 Change from 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 SpareBank 1 SMN Invest (100%) 22 14 -25 19 - 8 22 Other companies 5 4 5 4 3 1 2 Sum subsidiaries 94 205 87 118 83 -111 11
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Return on financial investments 24 NOK mill Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 Change from Q2 26 Change from 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 financial instruments 10 74 -48 11 74 -63 -63
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Balance sheet 25 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 6.1 5.6 7.2 6.7 Shares, units and other equity interests 1.2 1.3 1.0 1.1 Investment in related companies 11.4 11.2 10.1 8.7 Investment held for sale 0.1 0.2 0.2 0.1 Intangible assets 1.4 1.3 1.2 1.2 Other assets 1.9 2.3 2.2 1.8 Total assets 245.6 242.9 247.7 232.7 Deposits from credit institutions 6.8 9.6 13.9 13.2 Deposits from and debt to customers 150.3 146.2 140.9 132.9 Debt created by issue of securities 26.5 29.1 36.6 33.4 Subordinated debt (SNP) 15.8 15.4 13.4 12.4 Derivatives 5.9 4.5 6.2 7.0 Other debt 5.3 3.5 3.5 3.0 Investment held for sale 0.0 0.0 0.0 0.0 Subordinated loan capital 3.4 2.8 2.7 2.2 Total equity ex Tier 1 Capital 29.9 29.9 28.5 26.7 Additional Tier 1 Capital 1.9 2.0 2.0 1.9 Total liabilities and equity 245.6 242.9 247.7 232.7
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Equity certificate, key figures 26 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 ECC 135.18 135.06 128.09 120.48 109.86 Post-tax earnings per ECC, in NOK 13.03 19.08 20.10 16.88 12.82 Dividend per ECC - 13.50 12.50 12.00 6.50 P/E 12.52 10.80 8.52 8.40 9.94 Price / Booked equity capital 1.61 1.49 1.34 1.18 1.16
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Problem loans 27 , , , , , , , f
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Maturity structure SP, SNP. Final maturity NOKbn 28
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Diversified deposit portfolio Liquidity Coverage Ratio (LCR) Deposits by sector (NOKbn) 29 Deposits covered by the deposit guarantee scheme as at 30.9.26 (NOKbn) Public sector deposits are not covered by the guarantee scheme, but are mostly bound by contractual obligations ff
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Well diversified lending portfolio dominated by mortgages Loans per sector As at 30th of September 2026 and change last 12 months (NOKbn) 30 f f f , , ff
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Commercial property, construction, building Share of commercial real estate exposure in the corporate lending book* *Gross lending to commercial real estate as a share of corporate lending. National data from SSB. Data for individual banks are based on reported numbers as at Q2 2026 Rental properties make up 73 per cent of the banks CRE exposure, mainly to retail trade, industry/storage and offices Distribution of property per Distribution of area Q3 2026 per Q4 2025 31 w , ff