Slides
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Presentation 3 rd quarter 2026 1 Webcast 29th October 2026 Trond Lars Nydal CEO Kristian Tafjord CFO
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2 Symbol og bilde - Trine Third quarter in figures and illustrations Status as of the third quarter of 2026
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In NOK: 1,457 million In per cent: 1.76 % Good net interest income Strong lending growth In NOK: 38 million In per cent: 0.05 (loans and guarantees) Increasing profitability Efficient operations C/I: 42.6 % ROE: 11.6 % Key figures as of the third quarter 3 Deposit to loan ratio: 55.5 % LCR: 126 % NSFR: 117 % CET1: 17.7 % Leverage Ratio: 7.2 % Robust liquidity and solidity Low loan losses Lending growth: 6.7 % Deposit growth: 1.0 % (last 12 mnths) 3
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Improved results compared with last year 535 715 835 733 748 As of Q3 2022 As of Q3 2023 As of Q3 2024 As of Q3 2025 As of Q3 2026 10.1 12.5 14.0 11.7 11.6 As of Q3 2022 As of Q3 2023 As of Q3 2024 As of Q3 2025 As of Q3 2026 Profit after tax - NOK million Return on equity - (ROE) Earnings per equity certificate per Q3 2026 is NOK 6.95 (Group) compared with NOK 6.79 (Group) in 2025 4
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Strong customer activity, positive cost- and risk trend 5 733 748 32 33 - 46 -2 -2 As of Q3 2025 Net interest income Other income Expenses Losses Taxes As of Q3 2026 5 Profit after tax as of Q3 2026 compared with Q3 2025 - NOK million
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1,087 1,393 1,548 1,502 1,457 133 223 259 274 306 1,220 1,616 1,807 1,777 1,763 As of Q3 2022 As of Q3 2023 As of Q3 2024 As of Q3 2025 As of Q3 2026 Net interest income Other income A more diversified income base 6 Total income - NOK million
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A strong position in our region, Nordvestlandet • Solid growth in our core region • One in four residents is a customer • One in three limited companies is a customer • Increasing growth outside the region • Attractive and relevant services
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3rd quarter 2026 8 8
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High energy prices and increasing interest rates 9 9 Kilde: Infront Development in 3m Nibor and the FRA-curve - As of 23 October 2026. NOK million. Price per barrel Brent crude - Dollar per barrel. 1 Januar 2025 – 23 October 2026. - 20,00 40,00 60,00 80,00 100,00 120,00 140,00 jan. 25 apr. 25 jul. 25 okt. 25 jan. 26 apr. 26 jul. 26 okt. 26 3,00 3,50 4,00 4,50 5,00 5,50 jan. 25 apr. 25 jul. 25 okt. 25 jan. 26 apr. 26 jul. 26 okt. 26 jan. 27 apr. 27 jul. 27 okt. 27 3m Nibor FRA 23.10.2026
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The activity level is holding up well 10 Source: Norges Bank and SSB Number of bankruptcy proceedings opened - Four-quarter moving average Q1’07 – Q2’26. 0 10 20 30 40 50 60 70 0 200 400 600 800 1000 1200 1400 2007K1 2008K1 2009K1 2010K1 2011K1 2012K1 2013K1 2014K1 2015K1 2016K1 2017K1 2018K1 2019K1 2020K1 2021K1 2022K1 2023K1 2024K1 2025K1 2026K1 Norge (v.akse) M&R (h.akse) Regional indicators - Norges Banks Regional Network 3/26
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Solid house price growth 11 Price Development YTD 2026 - As of September. Increase in per cent + 8.1 % House price growth last 12 months in Ålesund and surrounding areas + 7.4 % House price growth in the last 12 months in Møre og Romsdal 56.040 32.965 40.543 99.156 Norway M&R Ålesund Oslo Price per sqm - Price per sqm sold in September 2026 (NOK) Source: Eiendom Norge -0,7% 0,4% 0,5% 1,1% 1,6% 1,7% 1,7% 2,1% 2,1% 2,2% 3,2% 3,6% 4,1% 4,2% 4,8% 5,1% 5,6% 6,1% 6,2% 7,0% 7,2% 7,4% 8,2% 8,4% 8,6% 8,8% 9,5% 10,6% 12,2% 14,0% 11,0% Oslo Fredrikstad/Sarpsborg Asker/Bærum Follo Østfold Buskerud Drammen and surroundings Akershus Tønsberg w/Færder Vestfold Romerike Inland Hamar w/Stange Norway Telemark Trondheim Kristiansand and surroundings Porsgrunn/Skien Trøndelag Stavanger and surroundings Agder Rogaland Bergen Vestland Bodø w/Fauske Nordland Troms Finnmark Møre og Romsdal Tromsø Ålesund and surroundings
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Lending growth Lending growth in the corporate market - in NOK billion and YoY growth (%) Lending - in NOK billion and YoY growth (%) 76.1 81.6 86.9 89.5 95.5 8.8 % 7.2 % 6.5 % 3.0 % 6.7 % 0,000 0,050 0,100 0,150 0,200 0,250 0,000 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 2022 2023 2024 2025 As of Q3 2026 Lending growth in the retail market - in NOK billion and YoY growth (%) 50.8 53.8 57.9 59.7 62.3 6.9 % 5.9 % 7.6 % 3.1 % 5.3 % 2022 2023 2024 2025 As of Q3 2026 12.7 % 9.6 % 4.3 % 2.7 % 9.4 % 25.6 28.0 29.3 30.0 33.4 2022 2023 2024 2025 As of Q3 2026 12
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Deposit growth 43.9 47.4 49.6 53.3 53.1 4.8 % 8.0 % 4.5 % 7.6 % 1.0 % 2022 2023 2024 2025 As of Q3 2026 Deposits - in NOK billion and YoY growth (%) 26.3 29.2 30.1 31.5 33.2 6.8 % 10.9 % 3.2 % 4.5 % 5.1 % 2022 2023 2024 2025 As of Q3 2026 17.5 18.2 19.4 21.8 19.9 2.0 % 3.7 % 6.7 % 12.6 % -5.2 % 2022 2023 2024 2025 As of Q3 2026 Deposits - Retail market - in NOK billion and YoY growth (%) Deposits - Corporate market - in NOK billion and YoY growth (%) 13
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Increasing Net interest income 515 511 469 483 505 96 102 84 123 99 611 613 553 606 604 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Net interest income Other income Total Income - in NOK million 14
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Breakdown of Other income 15 Customer-related other income - in NOK million 88 97 79 86 93 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Financial instruments - in NOK million 9 5 5 36 6 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 * Excluding income from customer foreign exchange and interest rate transactions, which is presented in the chart to the left. *
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Stable level of operating expenses Operating expenses - in NOK million and C/I 16 249 244 253 248 250 40.7 39.8 45.7 40.9 41.5 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Operating expenses C/I
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Losses remain low Losses on loans and guarantees - in NOK million 17 Reassuring impairments - in NOK million 161 168 147 136 86 168 72 76 89 151 12 26 40 38 30 341 266 263 263 267 2022 2023 2024 2025 As of Q3 2026 Ind.impairments on commitments in default >90 days Ind.impairments on other credit-impaired commitments ECL on loans and guarantees 6 -37 -42 -3 -6 18 13 67 5 17 24 -24 25 2 11 0.09 -0.09 0.09 0.01 0.04 -50 -30 -10 10 30 50 70 90 110 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Model-based losses Individual losses In % of average assets
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Good profit levels 258 297 211 275 262 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Return on equity (RoE) - quarterly, in per cent Profit after tax - in NOK million 18 12.2 14.2 9.9 12.8 12.0 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
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Well-diversified corporate portfolio Retail 65.1 % (65.9 %) Fisheries 6.0 % (5.8 %) Offshore services 1.8 % (1.3 %) Services 5.8 % (5.7 %) CRE 10.6 % (10.8 %) Other 10.7 % (10.5 %) Distribution of lending volume as a percentage of total lending Other: 10.7% - contains: Financial services 1.5 % (1.4%) Wholesale trade 1.1 % (1.1%) Other industry 3.6% (4.0%) Agriculture 0.9 % (0.9%) Building and construction 1.6% (1.6%) Other 0.3 % (0.4%) Shipyards 1.7% (1.1%) 19 (Comparable figures for Q2 2026 in brackets) ØkReg updatedChanging image – related to the most growth
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Office premises 34 % Trade/ Wholesale 23 % Warehousing /logistics 8 % Hotels 2 % Other 10 % Industrial premises 8 % Housing projects 12 % Housing associations 3 % Oslo 16 % Møre & Romsdal 79 % Norway except M&R 4 % Abroad 1 % 20 High-quality real estate portfolio Geographical distribution - as a percentage of total lending Real estate categories - as a percentage of total lending 66 % 29% 5% PD <0.75% PD 0.75%-3.00% PD > 3% Distribution of risk classes as a percentage of total lending • 79 % within Møre og Romsdal • 95 % in the low and medium risk category • High hedging ratio in the portfolio • Good knowledge of the owner and business
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Robust retail lending portfolio 65.1 % 55 16 8 13 5 2 1 0-60 60-70 70-75 75-85 85-90 90-100 >100 Retail lending - as a percentage of total lending Loan-to-value (LTV) - percentage distribution of Retail lending 21
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M Good market access Strong rating and long-term financing Deposits 53.1 Covered Bonds 33.6 Covered Bonds - Green 8.1 Senior loans 6.4 SNP 4.1 SNP Green 2.9 Subordinated loans 1.4 Banks 0.5 A1 Rating from Moody's Stable outlook Aaa Covered Bonds Møre Boligkreditt AS 11.0 NOK bn. Green funding 2.46 yrs Average remaining time to maturity (ATM) for Covered Bonds 56.5 NOK bn. Net market financing 55.5 % Deposit-to-loan ratio 22 Nominal values - NOK billion
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Robust capital levels 23 18.2 17.2 17.7 17.7 2023 2024 2025 As of Q3 2026 CET1 Requirement as of 31.12.2023 16.15 Common Equity Tier 1 (CET1) - including 50 per cent of the profit. 4.5 2.5 4.5 2.5 0.9 1.25 Effective from 31.12.2023 P2G P2R Countercyclical buffer System risk buffer Conservation buffer Minimum requirements Decomposition of CET1 capital requirements - in per cent 7.3 7.4 7.2 7.2 2023 2024 2025 As of Q3 2026 Leverage ratio - in per cent 16.15
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MORG development 24 Source: Macrobond Development in MORG YTD - Total return in per cent. As of October 27, 2026. Price and Price/Book (P/B) - Price (NOK), Equity per MORG (NOK), Price/Book (Ratio) 74.8 80.7 81.5 85.1 85.284.4 84.0 97.0 117.0 110.5 1.13 1.04 1.19 1.38 1.30 2022 2023 2024 2025 As of Q3 2026 Equity per MORG Price MORG P/B
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Positive outlook for the bank 25 Solid bank with historically good results Market leader in an active region Attractive brand and good reputation Good cost control Low losses and good portfolio quality Committed and adaptable
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Dividend policy Sparebanken Møre aims to achieve financial results providing a good and stable return on the bank's equity capital Sparebanken Møre’s profit allocation must ensure that all equity owners are guaranteed equal treatment Unless the solvency ratio indicates otherwise, the aim is that about 50 per cent of the annual profit overall can be distributed as dividends 2626
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Norwegian Savings Bank Conference 2026 - in Ålesund 27 We look forward to welcoming over 350 participants from the savings bank sector on 16 and 17 November
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sbm.no facebook.com/sbm.no @sbmno engasjert.sbm.no Disclaimer This presentation has been prepared solely for promotion purposes of Sparebanken Møre. The presentation is intended as general information and should not be construed as an offer to sell or issue financial instruments. The presentation shall not be reproduced, redistributed, in whole or in part, without the consent and Sparebanken Møre. Sparebanken Møre assumes no liability for any direct or indirect losses or expenses arising from an understanding of and/or use of the presentation. Contact CEO Trond Lars Nydal 95 17 99 77 trond.nydal@sbm.no CFO Kristian Tafjord 40 85 10 95 kristian.tafjord@sbm.no Disclaimer This presentation has been prepared solely for promotion purposes of Sparebanken Møre. The presentation is intended as general information and should not be construed as an offer to sell or issue financial instruments. The presentation shall not be reproduced, redistributed, in whole or in part, without the consent of Sparebanken Møre. Sparebanken Møre assumes no liability for any direct or indirect losses or expenses arising from an understanding of and/or use of the presentation.
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Appendix 30
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Q3 results Key figures in Q3 2026 and 2025 Q3 2026 Q3 2025 YoY change Results NOK mill. % NOK mill. % NOK mill. p.p. % Net interest income 505 1.8 515 1.88 -10 -0.08 -1.9 Gain/Loss liquidity portfolio -16 -0.06 3 0.01 -19 -0.07 -633.3 Gain/loss shares 0 0 0 0 0 0 i.a. Net income financial instruments 29 0.11 14 0.05 15 0.06 107.1 Other income 86 0.31 79 0.29 7 0.02 8.9 Total other income 99 0.36 96 0.35 3 0.01 3.1 Total income 604 2.16 611 2.23 -7 -0.07 -1.1 Salary, etc. 138 0.49 137 0.49 1 0 0.7 Other expenses 112 0.41 112 0.41 0 0 0 Total operating expenses 250 0.9 249 0.9 1 0 0.4 Profit before losses 354 1.26 362 1.33 -8 -0.07 -2.2 Losses on loans and guarantees 11 0.04 24 0.09 -13 -0.05 -54.2 Pre-tax profit 343 1.22 338 1.24 5 -0.02 1.5 Taxes 81 0.28 80 0.29 1 -0.01 1.3 Profit after tax 262 0.94 258 0.95 4 -0.01 1.6 Return on Equity (ROE) % 12.0 12.2 -0.2 Cost/income ratio 41.5 40.7 0.8 Profit per EC (NOK) 2.44 2.40 0.04 31
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Q3 results Key figures as of Q3 2026 and 2025 As of Q3 2026 As of Q3 2025 YoY change Results NOK mill. % NOK mill. % NOK mill. p.p. % Net interest income 1,457 1.76 1,503 1.88 -46 -0.12 -3.1 Gain/Loss liquidity portfolio 5 0.01 22 0.03 -17 -0.02 -77.3 Gain/loss shares 18 0.02 7 0.01 11 0.01 157.1 Net income financial instruments 50 0.06 16 0.02 34 0.04 212.5 Other income 233 0.28 229 0.29 4 -0.01 1.7 Total other income 306 0.37 274 0.35 32 0.02 11.7 Total income 1,763 2.13 1,777 2.23 -14 -0.1 -0.8 Salaries and wages 411 0.50 409 0.51 2 -0.01 0.5 Other expenses 340 0.41 340 0.43 0 -0.02 0.0 Total operating expenses 751 0.91 749 0.94 2 -0.03 0.3 Profit before losses 1,012 1.22 1,028 1.29 -16 -0.07 -1.6 Losses on loans and guarantees 38 0.05 71 0.09 -33 -0.04 -46.5 Pre-tax profit 974 1.17 957 1.20 17 -0.03 1.8 Taxes 226 0.27 224 0.28 2 -0.01 0.9 Profit after tax 748 0.90 733 0.92 15 -0.02 2.0 Return on Equity (ROE) % 11.6 11.7 -0.1 Cost/income ratio 42.6 42.2 0.4 Profit per EC (NOK) 6.95 6.79 0.16 32
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30.09.26 30.09.25 YoY change Balance sheet NOK mill. % Total assets 110,663 107,982 2,681 2.5 Lending to customers 95,455 89,429 6,026 6.7 Deposits from customers 53,095 52,572 523 1.0 Net equity and subordinated loans 8,922 8,849 73 0.8 Key figures YoY change p.p.30.09.26 30.09.25 Return on Equity (%) 11.6 11.7 -0.1 Cost/income ratio 42.6 42.2 0.4 Capital adequacy ratio 22.0 22.7 -0.7 Tier 1 capital (%) 19.5 20.6 -1.1 Common Equity Tier 1 (%) 17.7 18.7 -1.0 Leverage Ratio, LR 7.2 7.5 -0.3 Profit per EC (NOK, Group) 6.95 6.79 0.16 Profit per EC (NOK, parent bank) 7.81 7.02 0.79 Balance sheet and key figures Key figures as of Q3 2026 and 2025 33
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Breakdown of Other income As of Q3 2026 and 2025 (NOK mill.) As of Q3 2026 As of Q3 2025 YoY change MNOK Guarantee commissions 24 25 -1 Income from insurance sales (non-life/personal) 28 25 3 Income from fund sales/securities 13 13 0 Income from Discretionary Portfolio Management 62 48 14 Income from money-transfer services 85 80 5 Other fees and commission income 28 27 1 Commission income and income from banking services 240 218 22 Commission expenses and expenses of banking services -37 -24 -13 Income real estate brokerage 29 34 -5 Other operating income 1 1 0 Total other operating income 30 35 -5 Net commission and other operating income 233 229 4 Interest rate hedging (for customers) 3 2 1 Currency hedging (for customers) 23 9 14 Dividends received 5 0 5 Net gains/losses on shares 18 7 11 Net gains/losses on bonds 5 22 -17 Change in value of fixed-rate lending 16 -7 23 Change in value of bonds issued 4 13 -9 Effect on earnings from buy-backs of issued bonds -1 -1 0 Net result from financial instruments 73 45 28 Total other income 306 274 32 34
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Breakdown of expenses As of Q3 2026 and 2025 (NOK mill.) As of Q3 2026 As of Q3 2025 YoY change MNOK Wages 292 291 1 Pension expenses 28 28 0 Employer’s social security contributions and financial activity tax 65 64 1 Other personnel expenses 26 26 0 Wages, salaries, etc. 411 409 2 Depreciation 48 46 2 Operating expenses own and rented premises 12 17 -5 Maintainance of fixed assets 5 5 0 IT expenses 185 173 12 Marketing expenses 30 28 2 Purchase of external services 22 27 -5 Postage, telephone, newspapers, etc. 6 7 -1 Travel expenses 5 3 2 Capital tax 11 13 -2 Other operating expenses 16 21 -5 Total other operating expenses 292 294 -2 Total operating expenses 751 749 2 35
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EC capital in Sparebanken Møre The largest owners (1-10) of equity certificates Owner Number of ECs 30.09.26 30.06.26 Sparebankstiftelsen Tingvoll 4,882,209 4,859,464 Verdipapirfondet Eika egenkapital 4,202,821 4,108,727 Spesialfondet Borea Utbytte 2,206,782 2,341,782 Wenaasgruppen 2,200,000 2,200,000 Kommunal Landspensjonskasse 1,672,928 1,672,928 MP Pensjon 1,659,485 1,659,485 Pareto Aksje Norge 1,518,572 1,510,342 Beka Holding AS 750,500 750,500 J.P. Morgan SE (nominee) 659,187 659,187 Wenaas EFTF AS 650,000 800,000 Total 10 largest 20,402,484 20,562,415 Of which Møre og Romsdal 7,732,209 7,859,464 Of which Møre og Romsdal in % 37.9 38.2 36
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EC capital in Sparebanken Møre The largest owners (11-20) of equity certificates Owner Number of ECs 30.09.26 30.06.26 Lapas AS 637,136 639,378 BKK Pensjonskasse 532,600 532,600 BNP Paribas (nominee) 485,695 235,905 Forsvarets personellservice 467,000 461,000 Sparebankstiftelsen Sparebanken Møre 360,750 360,750 Hjellegjerde Invest AS 300,000 300,000 U Aandahls EFT AS 250,000 250,000 Sparebanken Møre* 216,117 216,117 Borghild Hanna Møller 200,990 201,221 Borea Nordisk Utbytte Verdipapirfond 186,484 206,484 Total 20 largest 24,039,256 23,965,870 Of which Møre og Romsdal 9,967,202 9,826,930 Of which Møre og Romsdal in % 40.3 41.0 37 * of which 50,000 ECs lent to Arctic in accordance with market making agreement