Interim report
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Q3 2026 Unaudited
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Table of Contents Financial highlights - Group .............................................................................................................................................................. 4 Interim report from the Board of Directors ................................................................................................................................ 6 Results as of Q3 2026..................................................................................................................................................................... 6 Results for Q3 2026 ......................................................................................................................................................................... 7 Liquidity and funding ........................................................................................................................................................................ 8 Rating .................................................................................................................................................................................................... 9 Capital adequacy ............................................................................................................................................................................. 9 MREL.................................................................................................................................................................................................. 10 Sustainability..................................................................................................................................................................................... 11 Subsidiaries ...................................................................................................................................................................................... 11 Equity certificates ............................................................................................................................................................................ 11 Future prospects............................................................................................................................................................................. 12 Statement of income - Group........................................................................................................................................................ 14 Balance sheet - Group...................................................................................................................................................................... 15 Statement of changes in equity - Group ................................................................................................................................ 16 Statement of cash flow - Group ................................................................................................................................................... 17 Notes to the financial statements................................................................................................................................................ 18 Note 1 Accounting principles .................................................................................................................................................... 18 Note 2 Capital adequacy ............................................................................................................................................................ 19 Note 3 Operating segments ...................................................................................................................................................... 23 Note 4 Loans and deposits broken down according to sectors ................................................................................... 26 Note 5 Losses and impairment on loans and guarantees.............................................................................................. 28 Note 6 Credit-impaired commitments .................................................................................................................................... 33 Note 7 Other income.................................................................................................................................................................... 34 Note 8 Operating expenses....................................................................................................................................................... 36 Note 9 Classification of financial instruments ..................................................................................................................... 37 Note 10 Financial instruments at amortised cost ............................................................................................................. 40 Note 11 Financial instruments at fair value.......................................................................................................................... 41 Note 12 Issued covered bonds ................................................................................................................................................ 43 Note 13 Transactions with related parties............................................................................................................................ 44 Note 14 EC capital........................................................................................................................................................................ 45 Note 15 Events after the reporting date................................................................................................................................ 46 Statement of income - Parent bank........................................................................................................................................... 47 Q3 2026 | Table of Contents Unaudited 2
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Balance sheet - Parent bank......................................................................................................................................................... 48 Profit performance - Group............................................................................................................................................................. 49 Q3 2026 | Table of Contents Unaudited 3
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Financial highlights - Group Income statement Q3 2026 Q3 2025 30.09.2026 30.09.2025 2025 (Amounts in percentage of average assets) NOK million % NOK million % NOK million % NOK million % NOK million % Net interest income 505 1.80 515 1.88 1,457 1.76 1,503 1.88 2,014 1.89 Net commission and other operating income 86 0.31 79 0.29 233 0.28 229 0.29 317 0.29 Net result from financial instruments 13 0.05 17 0.06 73 0.09 45 0.06 59 0.06 Total income 604 2.16 611 2.23 1,763 2.13 1,777 2.23 2,390 2.24 Total operating expenses 250 0.90 249 0.90 751 0.91 749 0.94 993 0.94 Profit before impairment on loans 354 1.26 362 1.33 1,012 1.22 1,028 1.29 1,397 1.30 Impairment on loans, guarantees etc. 11 0.04 24 0.09 38 0.05 71 0.09 47 0.04 Pre-tax profit 343 1.22 338 1.24 974 1.17 957 1.20 1,350 1.26 Taxes 81 0.28 80 0.29 226 0.27 224 0.28 320 0.29 Profit after tax 262 0.94 258 0.95 748 0.90 733 0.92 1,030 0.97 Balance sheet (NOK million) 30.09.2026 YTD-change (%) 31.12.2025 YoY-change (%) 30.09.2025 Total assets 4) 110,663 1.1 109,418 2.5 107,982 Average assets 4) 110,260 3.3 106,730 3.6 106,436 Loans to and receivables from customers 95,455 6.7 89,469 6.7 89,429 Gross loans to retail customers 62,341 4.5 59,675 5.3 59,217 Gross loans to corporate and public entities 33,376 11.1 30,046 9.4 30,502 Deposits from customers 53,095 -0.4 53,335 1.0 52,572 Deposits from retail customers 33,151 5.3 31,496 5.1 31,533 Deposits from corporate and public entities 19,944 -8.7 21,839 -5.2 21,039 Q3 2026 | Financial highlights - Group Unaudited 4
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Key figures and Alternative Performance Measures (APMs) Q3 2026 Q3 2025 30.09.2026 30.09.2025 2025 Return on equity (annualised) 3) 4) 12.0 12.2 11.6 11.7 12.5 Cost/income ratio 4) 41.5 40.7 42.6 42.2 41.6 Losses as a percentage of loans and guarantees (annualised) 4) 0.04 0.11 0.05 0.11 0.05 Gross credit-impaired commitments as a percentage of loans/guarantees 1.15 0.45 1.15 0.45 0.44 Net credit-impaired commitments as a percentage of loans/guarantees 0.97 0.32 0.97 0.32 0.30 Deposit-to-loan ratio 4) 55.5 58.6 55.5 58.6 59.4 Liquidity Coverage Ratio (LCR) 126 174 126 174 177 NSFR (Net Stable Funding Ratio) 117 124 117 124 123 Lending growth (%) 4) 2.6 0.0 6.7 3.7 3.0 Deposit growth (%) 4) -1.1 0.2 1.0 6.8 7.6 Capital adequacy ratio 1) 22.0 22.7 22.0 22.7 21.5 Tier 1 capital ratio 1) 19.5 20.6 19.5 20.6 19.5 Common Equity Tier 1 capital ratio (CET1) 1) 17.7 18.7 17.7 18.7 17.7 Leverage Ratio (LR) 1) 7.2 7.5 7.2 7.5 7.2 Man-years 396 405 396 405 393 Equity Certificates (ECs) 30.09.2026 30.09.2025 2025 2024 2023 2022 Profit per EC (Group) (NOK) 2) 5) 6.95 6.79 9.57 9.95 10.12 7.50 Profit per EC (parent bank) (NOK) 2) 5) 7.81 7.02 9.28 9.55 10.34 8.48 Number of ECs 5) 49,795,520 49,795,520 49,795,520 49,795,520 49,434,770 49,434,770 Nominal value per EC (NOK) 5) 20.00 20.00 20.00 20.00 20.00 20.00 EC fraction 1.1 (%) (parent bank) 49.1 49.1 49.1 49.1 49.7 49.7 EC capital (NOK million) 995.90 995.90 995.90 995.90 988.70 988.70 Price at Oslo Stock Exchange (NOK) 110.5 107.6 117.0 97.0 84.0 84.4 Stock market value (NOK million) 5,503 5,356 5,826 4,830 4,153 4,173 Book value per EC (Group) (NOK) 4) 5) 85.2 82.3 85.1 81.5 80.7 74.8 Dividend per EC (NOK) 5) 7.00 6.25 7.00 6.25 7.50 4.00 Price/Earnings (Group, annualised) 11.9 11.9 12.2 9.8 8.3 11.3 Price/Book value (P/B) (Group) 2) 4) 1.30 1.31 1.38 1.19 1.04 1.13 1) Incl. 50 % of the comprehensive income after tax 2) Calculated using the EC-holders' share of the period's profit to be allocated to equity owners 3) Calculated using the share of the profit to be allocated to equity owners 4) Defined as Alternative Performance Measure (APM), see www.sbm.no/IR 5) Our EC(MORG) was split 1:5 in April 2022 Q3 2026 | Financial highlights - Group Unaudited 5
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Interim report from the Board of Directors All figures relate to the Group. Figures in brackets refer to the corresponding period last year. The financial statements have been prepared in accordance with IFRS, and the interim report has been prepared in conformity with IAS 34 Interim Financial Reporting. Results as of Q3 2026 Sparebanken Møre’ s profit before tax for the first three quarters of 2026 was NOK 974 million, compared with NOK 957 million for the same periode in 2025, an increase of 1.8 per cent. Total income was NOK 14 million lower than for the same period in 2025. Net interest income decreased by NOK 46 million and other income increased by NOK 32 million. Capital gains in the bond portfolio amounted to NOK 5 million, compared with capital gains of NOK 22 million for the first three quarters of 2025. Capital gains from equities amounted to NOK 18 million compared with capital gains of NOK 7 million in the first three quarters of 2025. Income from foreign exchange and interest rate trading for customers amounted to NOK 26 million in the first three quarters, NOK 15 million higher than in the same period last year. Income from other financial instruments increased from NOK 5 million in the first three quarters of 2025 to NOK 24 million in the first three quarters of 2026. Profit after tax as of 30.09.2026 748NOK million Return on equity as of 30.09.2026 11.6 %11.7 % as of 30.09.2025 Expenses amounted to NOK 751 million, NOK 2 million higher in the first three quarters of 2026 than in the first three quarters of 2025. Personnel expenses were NOK 2 million higher than last year and other operating expenses were on a par with last year. Losses on loans and guarantees amounted to NOK 38 million and were NOK 33 million lower than in the same period last year. The cost income ratio was 42.6 per cent for the first three quarters of the year, an increase of 0.4 percentage points compared with the first three quarters of 2025. Profit after tax amounted to NOK 748 million, compared with NOK 733 million for the same period last year. The return on equity in the first three quarters of 2026 amounted to 11.6 per cent, compared with 11.7 per cent after the first three quarters of 2025. Earnings per equity certificate were NOK 6.95 (NOK 6.79) for the Group and NOK 7.81 (NOK 7.02) for the parent bank. Q3 2026 | Interim report from the Board of Directors Unaudited 6
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Results for Q3 2026 Profit before tax for the third quarter of 2026 amounted to NOK 343 million, or 1.22 per cent of average assets, compared with NOK 338 million, or 1.24 per cent, for the corresponding quarter last year. Profit after tax for the third quarter of 2026 amounted to NOK 262 million, or 0.94 per cent of average assets, compared with NOK 258 million, or 0.95 per cent, for the corresponding quarter last year. Return on equity was 12.0 per cent in the third quarter of 2026, compared with 12.2 per cent in the third quarter of 2025, and the cost income ratio was 41.5 per cent compared with 40.7 per cent for the third quarter of 2025. Earnings per equity certificate were NOK 2.44 (NOK 2.40) for the Group and NOK 2.08 (NOK 1.84) for the parent bank. Profit after tax for Q3 2026 262NOK million Return on equity Q3 2026 12.0 %12.2 % Q3 2025 Net interest income Net interest income was NOK 505 million for the quarter, which is NOK 10 million, or 1.9 per cent, lower than in the corresponding quarter of last year. This represents 1.80 per cent of total assets, which is 0.1 percentage points lower than for the corresponding quarter last year. In the retail market, the interest margin for lending has contracted compared with the third quarter of 2025, while the deposit margin has widened. In the corporate market, the interest rate margins for lending has contracted slightly, while the deposit margin has widened compared with third quarter of 2025. Other income Other income was NOK 99 million in the quarter, which is NOK 3 million higher than in the third quarter of 2025. Net result from financial instruments for the quarter amounted to NOK 13 million, which is NOK 4 million lower than in the third quarter of 2025. Capital gains from bond holdings were NOK 16 million in the quarter, compared with capital gains of NOK 3 million in the third quarter of 2025. Capital gains from equities amounted to NOK 1 million compared with capital gains of NOK 1 million in the third quarter of 2025. Fixed- rate lending recorded a positiv value change of NOK 11 million, compared with no change in the same quarter last year. Income from foreign exchange and interest rate business for customers amounted to NOK 8 million in the quarter, NOK 1 million higher than in the same quarter last year. Other income excluding financial instruments increased by NOK 7 million compared with the third quarter of 2025. The increase was mainly attributable to income from asset management and money transfer services. Q3 2026 | Interim report from the Board of Directors Unaudited 7
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Expenses Operating expenses amounted to NOK 250 million for the quarter, which is NOK 1 million higher than for the same quarter last year. Personnel expenses were NOK 1 million higher than in the corresponding period last year and totalled NOK 138 million. Other expenses were on a par with the same period last year. Provisions for expected credit losses and credit-impaired commitments Losses on loans and guarantees amounted to NOK 11 million in the quarter (NOK 24 million), corresponding to 0.04 per cent of average assets (0.09 per cent of average assets). Losses in the corporate segment amounted to NOK 9 million in the quarter, while losses in the retail segment amounted to NOK 1 million. At the end of the third quarter of 2026, provisions for expected credit losses totalled NOK 267 million, equivalent to 0.27 per cent of gross lending and guarantee commitments (NOK 303 million and 0.33 per cent). Of the total provision for expected credit losses, NOK 30 million relates to credit-impaired commitments more than 90 days past due (NOK 38 million), which represents 0.03 per cent of gross loans and guarantee commitments (0.04 per cent), while NOK 151 million relates to other credit-impaired commitments (NOK 85 million), corresponding to 0.15 per cent of gross lending and guarantee commitments (0.09 per cent). Net credit-impaired commitments (commitments more than 90 days past due and other credit-impaired commitments) have increased by NOK 652 million in the past 12 months. At end of the third quarter of 2026, the corporate market accounted for NOK 816 million of net credit-impaired commitments and the retail market NOK 131 million. In total, this represents 0.97 per cent of gross lending and guarantee commitments (0.32 per cent). Lending to customers At the end of the third quarter of 2026, net lending to customers amounted to NOK 95,455 million (NOK 89,429 million). In the past 12 months, gross customer lending has increased by a total of NOK 5,998 million, equivalent to 6.7 per cent. Retail lending has increased by 5.3 per cent and corporate lending has increased by 9.4 per cent in the past 12 months. Retail lending accounted for 65.1 per cent of total lending at the end of the third quarter of 2026 (66.0 per cent). Customer deposits Customer deposits have increased NOK 523 million, or 1.0 per cent, in the past 12 months. At the end of the third quarter of 2026, deposits amounted to NOK 53,095 million (NOK 52,572 million). Retail deposits have increased by 5.1 per cent in the past 12 months, while corporate deposits and public sector deposits have decreased by 5.2 per cent. The retail market’s relative share of deposits amounted to 62.4 per cent (60.0 per cent), while deposits from the corporate market and public sector accounted for 37.6 per cent (40.0 per cent). Liquidity and funding Sparebanken Møre’ s liquidity and funding are managed based on frameworks for its Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), deposit-to-loan ratio and others. The regulatory minimum LCR and NSFR requirements are both 100 per cent. The Group has established minimum internal targets that exceed the regulatory requirements for LCR and NSFR as well as an internal target corridor for its deposit-to-loan ratio. Q3 2026 | Interim report from the Board of Directors Unaudited 8
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Sparebanken Møre’ s liquidity coverage ratio (LCR) was 126 per cent (174 per cent) for the Group and 117 per cent (161 per cent) for the parent bank at the end of the quarter. NSFR was 117 per cent (124 per cent) at the end of the third quarter of 2026 (consolidated figure), while the bank’s and Møre Boligkreditt AS’ s NSFRs were 121 per cent (122 per cent) and 105 per cent (118 per cent), respectively. Both LCR and NSFR meet both external and internal requirements by good margin. Deposits from customers represent the bank’s main source of funding. The deposit-to-loan ratio was 55.5 per cent (58.6 per cent) at the end of the third quarter of 2026, and this is within the established target corridor. Total net market funding amounted to NOK 45.4 billion at the end of the quarter. Senior bonds with a remaining term to maturity of more than 1 year have a weighted remaining term to maturity of 2.15 years, while covered bond funding through Møre Boligkreditt AS correspondingly has a weighted remaining term to maturity of 2.91 years – overall for market funding in the Group (inclusive of T2 and T3) the remaining term to maturity is 2.82 years. Møre Boligkreditt AS issues bonds based on the transfer of loans from the parent bank. Gross retail lending transferred to Møre Boligkreditt AS amounted to NOK 38,876 million at the end of the quarter , which corresponds to 40.6 per cent of the bank’s total lending. Rating In a Credit Opinion published on 17 January 2025, the rating agency Moody's confirmed Sparebanken Møre’ s counterparty, deposit and issuer ratings as A1 with a stable outlook. Møre Boligkreditt has the same issuer rating as the parent bank, while the mortgage credit company’ s issuances are rated Aaa. Capital adequacy Capital adequacy is calculated and reported in line with the EU capital requirements for banks and investment firms – CRD /CRR. Sparebanken Møre has authorisation from the Financial Supervisory Authority of Norway to use internal rating methods, the Foundation IRB approach, for credit risk. Market risk calculations are based on the standardised approach and operational risk calculations on the basic indicator approach. The use of IRB involves comprehensive requirements for the bank’s organisation, expertise, risk models and risk management systems. Pursuant to section 17-13 of the Financial Institutions Act, financial institutions participating in cooperating groups must carry out proportional consolidation regardless of the size of their owner interests. Sparebanken Møre carries out proportional consolidation of its owner interests in Kredittbanken ASA. Q3 2026 | Interim report from the Board of Directors Unaudited 9
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The Group’s capital adequacy ratio as at 30 September 2026 was calculated in line with the capital adequacy regulations (CRR III/CRD VI) as enacted in Norwegian law. On 9 May 2025, Sparebanken Møre applied for authorisation to make changes to its PD and LGD models for the retail market. The Financial Supervisory Authority of Norway issued preliminary comments on 26 June 2026, with a deadline for a response of 1 October 2026. The bank submitted its response to the comments to the Financial Supervisory Authority by the deadline. On 19 October 2026, the Financial Supervisory Authority granted the bank permission to redeem a subordinated loan early (NOK 350 million).The bank issued a replacement subordinated loan (NOK 550 million) in August 2026. Authorisation was granted on the condition that both subordinated loans would not be included in the bank's primary capital at the same time. The bank therefore excluded the NOK 350 million loan from its capital calculation as at 30 September 2026. On 9 February 2026, a new application was submitted for the acquisition of equity certificates. A response to the application was received on 20 March 2026. The authorisation was granted on the condition that the buybacks do not reduce CET1 capital by more than NOK 64.7 million. Sparebanken Møre has deducted NOK 64.7 million from CET1 capital since authorisation was granted and will do so until the authorisation expires on 30 November 2026. In 2025, the buyback limit was NOK 42 million from February to June, and then NOK 59.8 million from October to the end of December. Deductions were made from CET1 capital equivalent to the applicable limits for the periods. At the end of the third quarter of 2026, the CET1 capital ratio was 17.7 per cent (18.7 per cent), including 50 per cent of the result for the year to date. This is 1.6 percentage points higher than the total minimum requirement and the Financial Supervisory Authority of Norway’s expected capital adequacy margin (P2G) totalling 16.15 per cent. The primary capital ratio, including 50 per cent of the result for the year to date, was 22.0 per cent (22.7 per cent) and the Tier 1 capital ratio was 19.5 per cent (20.6 per cent). Sparebanken Møre’ s total internal minimum CET1 capital ratio requirement is 16.15 per cent. The requirement consists of a minimum requirement of 4.5 per cent, a capital conservation buffer of 2.5 per cent, a systemic risk buffer of 4.5 per cent and a countercyclical buffer of 2.5 per cent. The Financial Supervisory Authority conducted a SREP in 2025. The individual Pillar 2 requirement for Sparebanken Møre has been set at 1.6 per cent, and the expected capital adequacy margin has been set at 1.25 per cent. At least 56.25 per cent of the Pillar 2 requirement (P2R) that resulted from the aforementioned SREP must be met with CET1 capital (0.9 per cent), while a minimum of 75 per cent must be met with Tier 1 capital. The capital requirement (P2R) margin must be met with CET1 capital. The leverage ratio (LR) was 7.2 per cent at the end of the third quarter of 2026 (7.5 per cent), including 50 per cent of year-to-date earnings. The regulatory minimum requirement (3 per cent) was met by a good margin. MREL The Financial Supervisory Authority has set Sparebanken Møre’ s effective MREL requirement at 35.7 per cent and the minimum requirement for subordination at 28.7 per cent, effective from 1 January 2026. At the Q3 2026 | Interim report from the Board of Directors Unaudited 10
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end of the quarter, Sparebanken Møre’ s actual MREL level was 46.2 per cent, while the level of subordination was 33.3 per cent of the risk-weighted assets. Sparebanken Møre had issued NOK 3,646 million in MREL-eligible Senior Non-Preferred (SNP) debt at the end of third quarter of 2026. Sustainability In line with the bank’s sustainability strategy and long-term goals, our ESG work will be continued and strengthened through a greater focus on ESG-related risk management, stress tests and scenario analyses. We are developing further our green financing framework with the goal of strengthening our role as a driver of sustainable transition and innovation in the market. Subsidiaries The aggregate profit of the bank's subsidiaries amounted to NOK 107 million after tax after the first three quarters (NOK 147 million). Møre Boligkreditt AS was established as part of the Group's long-term funding strategy . The mortgage company’s main purpose is to issue covered bonds for sale to Norwegian and international investors. At the end of the third quarter of the year, the company had nominal outstanding covered bonds of NOK 33.0 billion in the market. Around 44 per cent was issued in a currency other than NOK. At the end of the quarter, the parent bank held no bonds issued by Møre Boligkreditt AS. Møre Boligkreditt AS contributed NOK 104 million to the Group’s result so far in 2026 (NOK 140 million). Møre Eiendomsmegling AS provides real estate brokerage services to both retail and corporate customers. The company has made a profit contribution of NOK -2.0 million so far in 2026 (NOK 0 million). At the end of the quarter, the company employed 21 FTEs. The purpose of Sparebankeiendom AS and Storgata 41-45 Molde AS is to own and manage the bank’s own commercial properties. The companies contributed NOK 5.0 million to the result so far in 2026 (NOK 6.6 million). The companies have no staff. Equity certificates At the end of the third quarter of 2026, there were 7,834 holders of Sparebanken Møre's equity certificates (EC). The proportion of ECs owned by foreign nationals and enterprises amounted to 4.8 per cent at the end of the quarter. 49,795,520 equity certificates have been issued. Note 14 includes a list of the 20 largest holders of the bank’s ECs. As at 30 September 2026, the bank owned 216,117 equity certificates (including 50,000 equity certificates lent to Arctic in accordance with the market making agreement). These were purchased on the Oslo Børs at market price. Q3 2026 | Interim report from the Board of Directors Unaudited 11
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At the end of the third quarter of 2026, equity certificate capital accounted for 49.1 per cent of the bank’s total equity. Future prospects Uncertainty in the global economy remains high, and developments were marked throughout the third quarter by rising market interest rates. The conflict in the Middle East continues to contribute to the uncertainty surrounding energy and commodity prices, and thus also to inflation and interest rate trends. The European Central Bank, the US Federal Reserve, and Norges Bank all raised their key policy rates in September. Long- term market interest rates have also risen significantly, and the yield on 10-year US Treasury bonds is at its highest level since 2002. In Norway, inflation remains significantly above target. A stronger Norwegian krone is helping to curb imported inflation, while high cost growth among Norwegian businesses continues to keep domestic inflation elevated. The key policy rate was raised to 4.50 per cent in September, and indications are that the central bank is prepared to raise the rate further if necessary to bring inflation back towards target. So far, the Norwegian economy has proven resilient in the face of higher interest rates and greater international uncertainty. At the same time, capacity utilisation has declined somewhat, and high interest rates are curbing both household and business demand. Greater household purchasing power is pulling in the opposite direction and is expected to help sustain consumption. Statistics Norway expects the mainland economy to grow by 1.4 per cent this year, before growth picks up to 2.1 per cent in 2027. Activity levels remain high in our region, Nordvestlandet, although the trends nonetheless vary considerably across industries. Activity remains strong in parts of the manufacturing sector and in the maritime industry, while the construction sector and other interest rate sensitive industries are facing challenges. Despite the continued international uncertainty, the overall level of economic activity in Nordvestlandet is expected to remain strong going forward. In 2026, the bank has been preparing for the implementation of IFRS 18, which is effective from 1 January 2027. The standard is expected primarily to affect the presentation of the statement of profit or loss and the related disclosures. Reference is made to Note 1 for further information. Sparebanken Møre will continue to contribute to the development of society and the business community in Nordvestlandet. As part of this, we will deliver strong and sustainable returns for our investors. To do so successfully, we will continue to focus on operating an efficient, profitable and responsible bank. At the end of the third quarter, the return on equity was 11.6 per cent, while the cost income ratio was 42.6 per cent. Sparebanken Møre’ s long-term financial performance targets are a return on equity of above 13 per cent and a cost income ratio of less than 40 per cent. Q3 2026 | Interim report from the Board of Directors Unaudited 12
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Ålesund, 30. September 2026 28. October 2026 THE BOARD OF DIRECTORS OF SPAREBANKEN MØRE ROY REITE, Chair of the Board KÅRE ØYVIND V ASSDAL, Deputy Chair JILL AASEN TERJE BØE BIRGIT MIDTBUST ANNE JORUNN VATNE MARIE REKDAL HIDE SVERRE NJÅL BERSÅS TROND LARS NYDAL, CEO Q3 2026 | Interim report from the Board of Directors Unaudited 13
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Statement of income - Group STATEMENT OF INCOME - GROUP (COMPRESSED) (NOK million) Note Q3 2026 Q3 2025 30.09.2026 30.09.2025 2025 Interest income from assets at amortised cost 1,353 1,298 3,810 3,850 5,103 Interest income from assets at fair value 232 260 682 725 952 Interest expenses 1,080 1,043 3,035 3,072 4,041 Net interest income 3 505 515 1,457 1,503 2,014 Commission income and revenues from banking services 89 76 240 218 305 Commission expenses and charges from banking services 12 8 37 24 34 Other operating income 9 11 30 35 46 Net commission and other operating income 7 86 79 233 229 317 Dividends 3 0 5 0 6 Net change in value of financial instruments 10 17 68 45 53 Net result from financial instruments 7 13 17 73 45 59 Total other income 7 99 96 306 274 376 Total income 604 611 1,763 1,777 2,390 Salaries, wages etc. 138 137 411 409 538 Depreciation and impairment of non-financial assets 16 16 48 46 62 Other operating expenses 96 96 292 294 393 Total operating expenses 8 250 249 751 749 993 Profit before impairment on loans 354 362 1,012 1,028 1,397 Impairment on loans, guarantees etc. 5 11 24 38 71 47 Pre-tax profit 343 338 974 957 1,350 Taxes 81 80 226 224 320 Profit after tax 262 258 748 733 1,030 Allocated to equity owners 247 243 705 688 970 Allocated to owners of Additional Tier 1 capital 15 15 43 45 60 Profit per EC (NOK) 1) 2.44 2.40 6.95 6.79 9.57 Diluted earnings per EC (NOK) 1) 2.44 2.40 6.95 6.79 9.57 Distributed dividend per EC (NOK) 0,00 0,00 7.00 6.25 6.25 STATEMENT OF COMPREHENSIVE INCOME - GROUP (COMPRESSED) (NOK million) Note Q3 2026 Q3 2025 30.09.2026 30.09.2025 2025 Profit after tax 262 258 748 733 1,030 Items that may be reclassified to the income statement: Basisswap spreads - changes in value 12 5 11 19 22 Tax effect of changes in value on basisswap spreads -2 -1 -2 -4 -5 Items that will not be reclassified to the income statement: Pension estimate deviations 0 0 0 0 -1 Tax effect of pension estimate deviations 0 0 0 0 0 Total comprehensive income after tax 272 262 757 748 1,046 Allocated to equity owners 257 247 714 703 986 Allocated to owners of Additional Tier 1 capital 15 15 43 45 60 1) Calculated using the EC-holders' share (49.1 %) of the period's profit to be allocated to equity owners Q3 2026 | Statement of income - Group Unaudited 14
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Balance sheet - Group ASSETS (COMPRESSED) (NOK million) Note 30.09.2026 30.09.2025 31.12.2025 Cash and receivables from Norges Bank 9 10 13 40 403 968 Loans to and receivables from credit institutions 9 10 13 606 1,008 1,312 Loans to and receivables from customers 4 5 6 9 11 13 95,455 89,429 89,469 Certificates, bonds and other interest-bearing securities 9 11 13 12,627 14,803 15,479 Financial derivatives 9 11 833 1,522 1,361 Shares and other securities 9 11 241 155 149 Intangible assets 71 60 71 Fixed assets 483 297 330 Overfunded pension liability 88 83 85 Other assets 219 222 194 Total assets 110,663 107,982 109,418 LIABILITIES AND EQUITY (COMPRESSED) (NOK million) Note 30.09.2026 30.09.2025 31.12.2025 Loans and deposits from credit institutions 9 10 13 1,693 2,275 2,202 Deposits from customers 4 9 10 13 53,095 52,572 53,335 Debt securities issued 9 10 12 42,739 41,396 41,968 Financial derivatives 9 11 1,157 467 480 Pension liabilities 24 23 24 Tax payable 243 230 333 Deferred tax liabilities 138 147 138 Other liabilities 785 919 707 Subordinated loan capital 9 10 1,409 857 857 Total liabilities 101,283 98,886 100,044 EC capital 14 996 996 996 ECs owned by the bank -5 -3 -5 Share premium 382 380 380 Additional Tier 1 capital 750 750 750 Paid-in equity 2,123 2,123 2,121 Primary capital fund 3,805 3,690 3,805 Gift fund 125 125 125 Dividend equalisation fund 2,421 2,310 2,421 Liability credit reserve -26 -43 -26 Other equity 175 143 928 Comprehensive income for the period 757 748 - Retained earnings 7,257 6,973 7,253 Total equity 9,380 9,096 9,374 Total liabilities and equity 110,663 107,982 109,418 Q3 2026 | Balance sheet - Group Unaudited 15
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Statement of changes in equity - Group 30.09.2026 Total equity EC capital Share premium Additional Tier 1 capital Primary capital fund Gift fund Dividend equalisation fund Liability credit reserve Other equity Equity as of 31.12.2025 9,374 991 380 750 3,805 125 2,421 -26 928 Changes in own equity certificates 2 2 Distributed dividends to the EC holders -349 -349 Distributed dividends to the local community -361 -361 Interests on issued Additional Tier 1 capital -43 -43 Comprehensive income for the period 757 757 Equity as at 30.09.2026 9,380 991 382 750 3,805 125 2,421 -26 932 30.09.2025 Total equity EC capital Share premium Additional Tier 1 capital Primary capital fund Gift fund Dividend equalisation fund Liability credit reserve Other equity Equity as of 31.12.2024 9,026 991 379 750 3,687 125 2,306 -43 831 Changes in own equity certificates 10 2 1 3 4 Distributed dividends to the EC holders -311 -311 Distributed dividends to the local community -332 -332 Interests on issued Additional Tier 1 capital -45 -45 Comprehensive income for the period 748 748 Equity as at 30.09.2025 9,096 993 380 750 3,690 125 2,310 -43 891 31.12.2025 Total equity EC capital Share premium Additional Tier 1 capital Primary capital fund Gift fund Dividend equalisation fund Liability credit reserve Other equity Equity as of 31.12.2024 9,026 991 379 750 3,687 125 2,306 -43 831 Changes in own equity certificates 5 1 2 2 Distributed dividends to the EC holders -311 -311 Distributed dividends to the local community -332 -332 Issued Additional Tier 1 capital -60 -60 Equity before allocation of profit for the year 8,328 991 380 750 3,689 125 2,308 -43 128 Allocated to the primary capital fund 117 117 Allocated to the dividend equalisation fund 113 113 Allocated to owners of Additional Tier 1 capital 60 60 Allocated to other equity 30 30 Proposed dividend allocated for the EC holders 349 349 Proposed dividend allocated for the local community 361 361 Profit for the year 1,030 0 0 0 117 0 113 0 800 Changes in value - basis swaps 22 22 Tax effect of changes in value - basis swaps -5 -5 Pension estimate deviations -1 -1 Tax effect of pension estimate deviations 0 Total other income and costs from comprehensive income 16 0 0 0 -1 0 0 17 0 Total profit for the year 1,046 0 0 0 116 0 113 17 800 Equity as at 31.12.2025 9,374 991 380 750 3,805 125 2,421 -26 928 Q3 2026 | Statement of changes in equity - Group Unaudited 16
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Statement of cash flow - Group (NOK million) 30.09.2026 30.09.2025 31.12.2025 Cash flow from operating activities Interest, commission and fees received 4,269 4,345 5,767 Interest, commission and fees paid -1,515 -1,546 -1,978 Interest received on certificates, bonds and other securities 498 488 649 Interest paid on debt securities and subordinated loan capital -1,624 -1,621 -2,131 Dividend and group contribution received 5 0 6 Operating expenses paid -604 -626 -832 Income taxes paid -333 -348 -348 Receipts/payments(-) on loans to and receivables from other financial institutions 771 -335 -637 Receipts/payments(-) on loans/leasing to customers -4,031 -2,608 -3,015 Receipts/payments(-) on customers utilised credit facilities -1,965 16 415 Receipts/payments(-) on deposits from customers -240 3,022 3,785 Proceeds from the sale of certificates, bonds and other securities 16,499 17,715 20,390 Purchase of certificates, bonds and other securities -14,301 -21,238 -24,581 Receipts of other assets 1 0 0 Payments of other assets 0 -10 9 Receipts/payments(-) of other debt 399 -118 -231 Net cash flow from operating activities -2,171 -2,861 -2,732 Cash flow from investing activities Proceeds from the sale of fixed assets and intangible assets 8 0 0 Purchase of fixed assets and intangible assets -209 -122 -180 Receipts/payments(-) on investment i subsidiaries 0 0 0 Net cash flow from investing activities -201 -122 -180 Cash flow from financing activities Receipts/payments(-) on deposits from Norges Bank and other financial institutions -509 281 208 Redemption of debt securities -5,016 -4,814 -6,391 Proceeds from bonds issued 7,661 7,992 10,259 Redemption of Additional Tier 1 capital 0 0 0 Proceeds from Additional Tier 1 capital issued 0 0 0 Interest (dividends) paid on issued Additional Tier 1 capital -44 -45 -60 Payment of cash dividends to EC owners -348 -311 -311 Payment of dividend funds -238 -203 -310 Payment upon sale of own equity certificates 9 10 10 Payment upon purchase of own equity certificates -6 0 0 Net cash flow from financing activities 1,509 2,910 3,406 Net change in cash and cash equivalents -863 -72 493 Cash balance, OB 1,056 563 563 Cash balance, CB 193 491 1,056 Q3 2026 | Statement of cash flow - Group Unaudited 17
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Notes to the financial statements Note 1 Accounting principles The Group`s interim accounts have been prepared in accordance with adopted International Financial Reporting Standards (IFRS), approved by the EU as at 30 September 2026. The interim report has been prepared in compliance with IAS 34 Interim Reporting and in accordance with accounting principles and methods applied in the 2025 Financial statements. The accounts are presented in Norwegian kroner (NOK), which is also the parent bank`s and subsidiaries` functional currency. All amounts are stated in NOK million unless stated otherwise. In case of any discrepancies between the English and Norwegian versions of this report, the Norwegian version shall prevail. Sparebanken Møre is in the process of implementing IFRS 18 Presentation and Disclosure in Financial Statements, which is effective for annual reporting periods beginning on or after 1 January 2027. The implementation includes changes to the statement of profit or loss, classification and presentation, requirements relating to management-defined performance measures (MPMs), as well as necessary system and reporting adjustments. The bank expects IFRS 18 primarily to affect the presentation and disclosures in the consolidated financial statements, rather than the recognition or measurement of items in the financial statements. The bank will continue to assess and further determine the effects of the implementation. Q3 2026 | Notes to the financial statements Unaudited 18
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Note 2 Capital adequacy Sparebanken Møre calculates and reports capital adequacy in compliance with the EU’ s capital requirements regulation and directive (CRD/CRR). Sparebanken Møre has authorisation from the Financial Supervisory Authority of Norway (FSA) to use internal rating methods, the foundation IRB (Internal Rating Based Approach) approach for credit risk. Calculations regarding market risk are performed using the standardised approach (SA) and for operational risk the basic indicator approach is used. The use of IRB involves comprehensive requirements for the bank’s organisation, expertise, risk models and risk management systems. Pursuant to section 17-13 of the Financial Institutions Act, financial institutions participating in cooperating groups must carry out proportional consolidation regardless of the size of their owner interests. Sparebanken Møre carries out proportional consolidation of its owner interests in Kredittbanken ASA. The Group’s capital adequacy ratio as at 30 September 2026 was calculated in line with the capital adequacy regulations (CRR III/CRD VI) as enacted in Norwegian law. At the end of the third quarter of 2026, the Group had a Common Equity Tier 1 capital ratio, including 50 per cent of profit year to date, of 17.7 per cent, a Tier 1 capital ratio of 19.5 per cent and a total capital ratio of 22.0 per cent, compared with 17.7 per cent, 19.5 per cent and 21.5 per cent, respectively, at year-end 2025. The Group meets the applicable minimum requirements, buffer requirements, Pillar 2 requirements and MREL requirements by a comfortable margin. On 9 May 2025, Sparebanken Møre applied for authorisation to make changes to its PD and LGD models for the retail market. The Financial Supervisory Authority of Norway issued preliminary comments on 26 June 2026, with a deadline for a response of 1 October 2026. The bank submitted its response to the comments to the Financial Supervisory Authority by the deadline. On 19 October 2026, the Financial Supervisory Authority granted the bank permission to redeem a subordinated loan early (NOK 350 million). The bank issued a replacement subordinated loan (NOK 550 million) in August 2026. Authorisation was granted on the condition that both subordinated loans would not be included in the bank's primary capital at the same time. The bank therefore excluded the NOK 350 million loan from its capital calculation as at 30 September 2026. A new application for the acquisition of own equity certificates (ECs) was submitted on 9 February 2026, and an answer to the application was received on 20 March 2026. The authorisation was granted on the condition that the buybacks did not reduce the Common Equity Tier 1 capital by more than NOK 64.7 million. Sparebanken Møre has made deductions in the Common Equity T ier 1 capital of NOK 64.7 million from the date the authorisation was granted and for the duration of the authorisation until 30 November 2026. In 2025, the buyback limit was NOK 42 million from February to June, and then NOK 59.8 million from October through December. A deduction was made in Common Equity Tier 1 capital corresponding to the applicable limit for the periods. Q3 2026 | Notes to the financial statements Unaudited 19
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Sparebanken Møre has an internal minimum CET1 capital ratio requirement of 16.15 per cent. The requirement consists of a minimum requirement of 4.5 per cent, a capital conservation buffer of 2.5 per cent, a systemic risk buffer of 4.5 per cent and a countercyclical buffer of 2.5 per cent. The Financial Supervisory Authority conducted a SREP in 2025. The individual Pillar 2 requirement for Sparebanken Møre has been set at 1.6 per cent, and the expected capital adequacy margin (P2G) has been set at 1.25 per cent. At least 56.25 per cent of the new Pillar 2 requirement that resulted from the aforementioned SREP must be met with Common Equity Tier 1 capital (0.9 per cent), and minimum 75 per cent must be met with Tier 1 capital. Sparebanken Møre has an internal target for the CET1 ratio to minimum equal the sum of Pillar 1, Pillar 2 and the Pillar 2 Guidance. MREL One key element of the BRRD II (Bank Recovery and Resolution Directive) is that capital instruments and debt can be written down and/or converted to equity (bail-in). The Financial Institutions Act, therefore, requires the bank to meet a minimum requirement regarding the sum of its own funds and convertible debt at all times (MREL – minimum requirement for own funds and eligible liabilities) such that the bank has sufficient primary capital and convertible debt to cope with a crisis without the use of public funds. The MREL requirement, applicable from 1 January 2026, must be covered by own funds or debt instruments with a lower priority than ordinary, unsecured, non-prioritised debt (senior debt).In its letter dated 19 December 2025, the FSA set Sparebanken Møre’ s effective MREL-requirement as of 1 January 2026 at 35.7 per cent and the minimum subordination requirement at 28.7 per cent. Equity 30.09.2026 30.09.2025 31.12.2025 EC capital 996 996 996 - ECs owned by the bank -5 -3 -5 Proportionately consolidated share capital 14 - - Share premium 382 380 380 Proportionately consolidated share premium 34 - - Additional Tier 1 capital (AT1) 750 750 750 Primary capital fund 3,805 3,690 3,805 Gift fund 125 125 125 Dividend equalisation fund 2,421 2,310 2,421 Proposed dividend for EC holders 0 0 349 Proposed dividend for the local community 0 0 361 Liability credit reserve -26 -43 -26 Other equity 175 143 218 Proportionately consolidated other equity 3 - - Comprehensive income for the period 757 748 - Total equity 9,431 9,096 9,374 Q3 2026 | Notes to the financial statements Unaudited 20
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Tier 1 capital (T1) 30.09.2026 30.09.2025 31.12.2025 Goodwill, intangible assets and other deductions -190 -60 -176 Value adjustments of financial instruments at fair value -18 -21 -21 Deduction of overfunded pension liability -66 -62 -64 Deduction of remaining permission for the acquisition of own equity certificates -60 0 -55 Additional Tier 1 capital (AT1) -750 -750 -750 Expected IRB-losses exceeding ECL calculated according to IFRS 9 -472 -213 -260 Deduction for proposed dividend 0 0 -349 Deduction for proposed dividend for the local community 0 0 -361 Deduction of comprehensive income for the period -757 -748 - Total Common Equity Tier 1 capital (CET1) 7,118 7,242 7,338 Additional Tier 1 capital - classified as equity 750 750 750 Additional Tier 1 capital - classified as debt 0 0 0 Total Tier 1 capital (T1) 7,868 7,992 8,088 Tier 2 capital (T2) 30.09.2026 30.09.2025 31.12.2025 Subordinated loan capital of limited duration 1,054 857 857 Total Tier 2 capital (T2) 1,054 857 857 Net equity and subordinated loan capital 8,922 8,849 8,945 Risk weighted assets (RWA) by exposure classes Credit risk - standardised approach 30.09.2026 30.09.2025 31.12.2025 Central governments or central banks 0 0 0 Local and regional authorities 111 738 728 Public sector companies 0 0 25 Institutions 189 346 430 Covered bonds 667 625 683 Equity 480 650 377 Other items 673 497 505 Retail market 145 - - Fund units 1 - - Past-due commitments 10 - - Total credit risk - standardised approach 2,276 2,855 2,748 Credit risk - IRB Foundation 30.09.2026 30.09.2025 31.12.2025 Retail - Secured by real estate 17,115 16,595 16,522 Retail - Other 205 268 214 Corporate lending 19,088 17,025 18,412 Total credit risk - IRB-Foundation 36,408 33,888 35,148 Market risk (standardised approach) 41 125 113 Operational risk (basic indicator approach) 3,586 3,661 3,546 Risk weighted assets (RWA) 42,311 40,530 41,555 Minimum requirement Common Equity Tier 1 capital (4.5 %) 1,904 1,824 1,870 Buffer requirements 30.09.2026 30.09.2025 31.12.2025 Capital conservation buffer , 2.5 % 1,058 1,013 1,039 Systemic risk buffer, 4.5 % 1,904 1,824 1,870 Countercyclical buffer, 2.5 % 1,058 1,013 1,039 Total buffer requirements for Common Equity Tier 1 capital 4,020 3,850 3,948 Available Common Equity Tier 1 capital after buffer requirements 1,194 1,568 1,520 Q3 2026 | Notes to the financial statements Unaudited 21
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Capital adequacy as a percentage of risk weighted assets (RWA) 30.09.2026 30.09.2025 31.12.2025 Capital adequacy ratio 21.1 21.8 21.5 Capital adequacy ratio incl. 50 % of the profit 22.0 22.7 - Tier 1 capital ratio 18.6 19.7 19.5 Tier 1 capital ratio incl. 50 % of the profit 19.5 20.6 - Common Equity Tier 1 capital ratio 16.8 17.9 17.7 Common Equity Tier 1 capital ratio incl. 50 % of the profit 17.7 18.7 - Leverage Ratio (LR) 30.09.2026 30.09.2025 31.12.2025 Basis for calculation of leverage ratio 114,646 111,421 112,990 Leverage Ratio (LR) 6.9 7.2 7.2 Leverage Ratio (LR) incl. 50 % of the profit 7.2 7.5 - Proportionate consolidation, for the calculation of capital adequacy, is applied for the owner interests in Kredittbanken ASA from Q1 2026. Q3 2026 | Notes to the financial statements Unaudited 22
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Note 3 Operating segments Result - Q3 2026 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Interest income 1,585 -70 771 372 512 0 Interest expenses 1,080 -70 668 174 308 0 Net interest income 505 0 103 198 204 0 Total other income 99 -17 28 30 49 9 Total income 604 -17 131 228 253 9 Depreciations 16 -1 9 1 7 0 Other operating expenses 234 -16 36 51 153 10 Total operating expenses 250 -17 45 52 160 10 Profit before impairments on loans 354 0 86 176 93 -1 Impairment on loans, guarantees etc. 11 0 1 9 1 0 Pre-tax profit 343 0 85 167 92 -1 Taxes 81 Profit after tax 262 Result - 30.09.2026 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Interest income 4,492 -202 2,147 1,065 1,482 0 Interest expenses 3,035 -202 1,858 508 871 0 Net interest income 1,457 0 289 557 611 0 Total other income 306 -51 111 91 125 30 Total income 1,763 -51 400 648 736 30 Depreciations 48 -3 28 3 20 0 Other operating expenses 703 -47 137 141 440 32 Total operating expenses 751 -50 165 144 460 32 Profit before impairments on loans 1,012 -1 235 504 276 -2 Impairment on loans, guarantees etc. 38 0 1 23 14 0 Pre-tax profit 974 -1 234 481 262 -2 Taxes 226 Profit after tax 748 Key figures - 30.09.2026 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Gross loans to customers 1) 95,717 0 1,306 31,567 62,844 0 Expected credit loss on loans -262 0 -1 -191 -70 0 Net loans to customers 95,455 0 1,305 31,376 62,774 0 Deposits from customers 1) 53,095 -163 614 16,786 35,858 0 Guarantee liabilities 2,016 0 0 2,015 1 0 Expected credit loss on guarantee liabilities 5 0 0 5 0 0 The deposit-to-loan ratio 55.5 0,0 47.0 53.2 57.1 0,0 Man-years 396 0 148 58 169 21 Result - Q3 2025 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Interest income 3) 1,558 -52 707 372 530 1 Interest expenses 1,043 -40 618 165 300 0 Net interest income 515 -12 89 207 230 1 Total other income 96 -16 32 31 38 11 Total income 611 -28 121 238 268 12 Depreciations 16 -2 11 1 6 0 Other operating expenses 233 2 26 47 146 12 Total operating expenses 249 0 37 48 152 12 Profit before impairments on loans 362 -28 84 190 116 0 Impairment on loans, guarantees etc. 24 0 0 21 3 0 Pre-tax profit 338 -28 84 169 113 0 Taxes 80 Profit after tax 258 Q3 2026 | Notes to the financial statements Unaudited 23
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Result - 30.09.2025 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Interest income 3) 4,575 -182 2,084 1,106 1,566 1 Interest expenses 3,072 -171 1,834 509 900 0 Net interest income 1,503 -11 250 597 666 1 Total other income 274 -56 105 86 104 35 Total income 1,777 -67 355 683 770 36 Depreciations 46 -8 32 3 19 0 Other operating expenses 703 -2 118 134 417 36 Total operating expenses 749 -10 150 137 436 36 Profit before impairments on loans 1,028 -57 205 546 334 0 Impairment on loans, guarantees etc. 71 1 0 53 17 0 Pre-tax profit 957 -58 205 493 317 0 Taxes 224 Profit after tax 733 Key figures - 30.09.2025 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Gross loans to customers 1) 89,719 0 1,499 28,531 59,689 0 Expected credit loss on loans -290 -1 0 -206 -83 0 Net loans to customers 89,429 -1 1,499 28,325 59,606 0 Deposits from customers 1) 52,572 -443 1,601 17,458 33,956 0 Guarantee liabilities 2,525 0 0 2,524 1 0 Expected credit loss on guarantee liabilities 13 0 0 13 0 0 The deposit-to-loan ratio 58.6 0,0 106.8 61.2 56.9 0,0 Man-years 405 0 157 55 166 27 Result - 31.12.2025 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Interest income 3) 6,055 -239 2,812 1,406 2,075 1 Interest expenses 4,041 -239 2,427 674 1,179 0 Net interest income 2,014 0 385 732 896 1 Total other income 376 -71 130 124 149 44 Total income 2,390 -71 515 856 1,045 45 Depreciations 62 -9 42 3 26 0 Other operating expenses 931 -62 199 182 564 48 Total operating expenses 993 -71 241 185 590 48 Profit before impairments on loans 1,397 0 274 671 455 -3 Impairment on loans, guarantees etc. 47 0 0 51 -4 0 Pre-tax profit 1,350 0 274 620 459 -3 Taxes 320 Profit after tax 1,030 Key figures - 31.12.2025 Group Eliminations Other 2) Corporate Retail 1) Real estate brokerage Gross loans to customers 1) 89,721 0 1,466 28,128 60,127 0 Expected credit loss on loans -252 0 -1 -191 -60 0 Net loans to customers 89,469 0 1,465 27,937 60,067 0 Deposits from customers 1) 53,335 -317 1,422 18,215 34,015 0 Guarantee liabilities 2,430 0 0 2,429 1 0 Expected credit loss on guarantee liabilities 11 0 0 11 0 0 The deposit-to-loan ratio 59.4 0,0 97.0 64.8 56.6 0,0 Man-years 393 0 152 55 165 21 1) The subsidiary, Møre Boligkreditt AS, is part of the bank’ s retail segment. The mortgage company's main objective is to issue covered bonds for both national and international investors, and the company is part of Sparebanken Møre's long-term financing strategy . Key figures for Møre Boligkreditt AS are displayed in a separate table. 2) Consists of head office activities not allocated to reporting segments, customer commitments towards employees as well as the subsidiaries Sparebankeiendom AS and Storgata 41-45 Molde AS, managing the buildings owned by the Group. 3) In 2025, the Group implemented a change in the methodology for allocating selected income elements between two of the Group’s reporting Q3 2026 | Notes to the financial statements Unaudited 24
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segments. The change represents an adjustment to the internal allocation model and has no impact on the Group’s total revenues. In accordance with the requirements of IFRS 8 Operating Segments, the comparative figures for Q3 2025 have been restated to reflect the updated allocation methodology. MØRE B OLIGKREDITT AS Statement of income Q3 2026 Q3 2025 30.09.2026 30.09.2025 31.12.2025 Net interest income 54 87 182 245 330 Other operating income 9 0 8 -10 -14 Total income 63 87 190 235 316 Operating expenses 17 16 52 50 65 Profit before impairment on loans 46 71 138 185 251 Impairment on loans, guarantees etc. -1 1 4 5 1 Pre-tax profit 47 70 134 180 250 Taxes 11 16 30 40 55 Profit after tax 36 54 104 140 195 MØRE B OLIGKREDITT AS Balance sheet 30.09.2026 30.09.2025 31.12.2025 Loans to and receivables from customers 38,866 36,301 37,584 Total equity 2,237 2,262 2,319 Q3 2026 | Notes to the financial statements Unaudited 25
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Note 4 Loans and deposits broken down according to sectors The loan portfolio with agreed floating interest is measured at amortised cost, while the loan portfolio with fixed interest rates is measured at fair value. 30.09.2026 GROUP Sector/industry Gross loans at amortised cost ECL Stage 1 ECL Stage 2 ECL Stage 3 Loans at fair value Net loans Agriculture and forestry 869 0 -1 -13 43 898 Fisheries 5,700 -3 -7 -75 1 5,616 Manufacturing 5,026 -2 -6 -11 2 5,009 Building and construction 1,585 0 -1 -7 4 1,581 Wholesale and retail trade, hotels 1,018 -1 -1 -6 23 1,033 Supply/Oil services 1,720 -1 -1 0 0 1,718 Property management 10,168 -7 -2 -2 5 10,162 Professional/financial services 1,383 0 -4 0 23 1,402 Transport and private/public services/abroad 5,679 -5 -3 -4 127 5,794 Total corporate/public entities 33,148 -19 -26 -118 228 33,213 Retail customers 59,197 -5 -31 -63 3,144 62,242 Total loans to and receivables from customers 92,345 -24 -57 -181 3,372 95,455 30.09.2025 GROUP Sector/industry Gross loans at amortised cost ECL Stage 1 ECL Stage 2 ECL Stage 3 Loans at fair value Net loans Agriculture and forestry 808 0 0 -16 37 829 Fisheries 5,777 -5 -52 0 1 5,721 Manufacturing 4,183 -4 -12 -10 4 4,161 Building and construction 1,304 -1 -1 -8 3 1,297 Wholesale and retail trade, hotels 1,116 -1 -6 0 16 1,125 Supply/Oil services 1,008 0 0 0 0 1,008 Property management 9,384 -9 -9 -12 18 9,372 Professional/financial services 1,458 -1 -9 -3 24 1,469 Transport and private/public services/abroad 5,213 -9 -6 -12 148 5,334 Total corporate/public entities 30,251 -30 -95 -61 251 30,316 Retail customers 55,459 -8 -32 -64 3,758 59,113 Total loans to and receivables from customers 85,710 -38 -127 -125 4,009 89,429 31.12.2025 GROUP Sector/industry Gross loans at amortised cost ECL Stage 1 ECL Stage 2 ECL Stage 3 Loans at fair value Net loans Agriculture and forestry 827 0 0 -13 37 851 Fisheries 5,394 -3 -63 -4 1 5,325 Manufacturing 4,085 -3 -9 -21 4 4,056 Building and construction 1,242 0 -1 -3 3 1,241 Wholesale and retail trade, hotels 1,095 0 -2 0 16 1,109 Supply/Oil services 1,041 0 0 0 0 1,041 Property management 9,473 -5 -4 -16 18 9,466 Professional/financial services 1,391 0 -4 0 24 1,411 Transport and private/public services/abroad 5,267 -5 -2 -11 128 5,377 Total corporate/public entities 29,815 -16 -85 -68 231 29,877 Retail customers 56,080 -4 -20 -59 3,595 59,592 Total loans to and receivables from customers 85,895 -20 -105 -127 3,826 89,469 Q3 2026 | Notes to the financial statements Unaudited 26
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Deposits with agreed floating interest rates are measured at amortised cost, fixed-interest rate deposits with maturities less than one year are measured at amortised cost and fixed-interest rate deposits with maturities in excess of one year are classified at fair value and secured by interest rate swaps. DEPOSITS FROM CUSTOMERS GROUP Sector/industry 30.09.2026 30.09.2025 31.12.2025 Agriculture and forestry 368 382 336 Fisheries 1,414 1,784 2,013 Manufacturing 3,371 3,789 3,992 Building and construction 1,011 1,102 1,120 Wholesale and retail trade, hotels 1,475 1,518 1,336 Property management 3,091 3,385 4,748 Transport and private/public services 5,735 5,777 5,051 Public administration 281 239 227 Others 3,198 3,063 3,016 Total corporate/public entities 19,944 21,039 21,839 Retail customers 33,151 31,533 31,496 Total 53,095 52,572 53,335 Q3 2026 | Notes to the financial statements Unaudited 27
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Note 5 Losses and impairment on loans and guarantees Methodology for measuring expected credit losses (ECL) according to IFRS 9 For a detailed description of the bank’s loss model, please see note 9 in the annual report for 2025. Sparebanken Møre has developed an ECL model based on the Group’ s IRB parameters and applies a three- stage approach when assessing ECL on loans to customers and financial guarantees in accordance with IFRS 9. Stage 1: At initial recognition and if there’s no significant increase in credit risk, the commitment is classified in stage 1 with 12-months ECL. Stage 2: If a significant increase in credit risk since initial recognition is identified, but without evidence of loss, the commitment is transferred to stage 2 with lifetime ECL measurement. Stage 3: If the credit risk increases further, including evidence of loss, the commitment is transferred to stage 3 with lifetime ECL measurement. The commitment is considered to be credit-impaired. As opposed to stage 1 and 2, the effective interest rate in stage 3 is calculated on net impaired commitment (total commitment less expected credit loss) instead of gross commitment. Staging is performed at account level and implies that two or more accounts held by the same customer can be placed in different stages. If a customer has one account in stage 3 (risk classes K, M or N), all of the customer’s accounts will migrate to stage 3. Customers in risk class N have been subject to individual loss assessment with impairment. In connection with individual loss assessment, 3 scenarios based on calculation of the weighted present value of future cash flow after realisation of collateral are prepared. If the weighted present value of cash flow after realisation of collateral is positive, model-based loss provisions according to the ECL model is used. An increase in credit risk reflects both customer-specific circumstances and development in relevant macro factors for the particular customer segment. The assessment of what is considered to be a significant increase in credit risk is based on a combination of quantitative and qualitative indicators. Significant increase in credit risk The assessment of whether a significant increase in credit risk has occured is based on a combination of quantitative and qualitative indicators. A significant increase in credit risk has occured when one or more of the critearia below are present: Quantitative criteria A significant increase in credit risk is determined by comparing the PD at the reporting date with PD at initial recognition. If the actual PD is higher than initial PD, an assessment is made of whether the increase is significant. Significant increase in credit risk since initial recognition is considered to have occurred when either Q3 2026 | Notes to the financial statements Unaudited 28
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• PD has increased by 100 per cent or more and the increase in PD is more than 0.5 percentage points, or • PD has increased by more than 2,0 percentage points • The customer’s agreed payments are overdue by more than 30 days The weighted, macro adjusted PD in year 1 is used for comparison with PD on initial recognition to determine whether the credit risk has increased significantly. Qualitative criteria In addition to the quantitative assessment of changes in the PD, a qualitative assessment is made to determine whether there has been a significant increase in credit risk, for example, if the commitment is subject to special monitoring. Credit risk is always considered to have increased significantly if the customer has been granted forbearance measures, though it is not severe enough to be individually assessed in stage 3. Positive migration in credit risk A customer migrates from stage 2 to stage 1 if: • The criteria for migration from stage 1 to stage 2 is no longer present, and • this is satisfied for at least one subsequent month (total two months) A customer migrates from stage 3 to stage 1 or stage 2 if the customer no longer meets the conditions for migration to stage 3. Accounts that are not subject to the migration rules above are not expected to have significant change in credit risk and retain the stage from the previous month. Scenarios Three scenarios are developed: Best, Basis and Worst. For each of the scenarios, expected values of different parameters are given, for each of the next five years. The possibility for each of the scenarios to occur is also estimated. After five years, the scenarios are expected to converge to a long-term stable level. Changes to PD as a result of scenarios, may also affect the staging. Definition of default, credit-impaired and forbearance The definition of default is similar to that used in the capital adequacy regulation. A commitment is defined to be subject to forbearance (payment relief due to payment difficulties) if the bank agrees to changes in the terms and conditions as a result of the debtor having problems meeting payment obligations and the revised terms would not have been granted had the debtor not been experiencing such financial difficulties. Performing forbearance (not in default) is placed in stage 2 whereas non-performing (defaulted) forbearance is placed in stage 3. Q3 2026 | Notes to the financial statements Unaudited 29
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Management override Quarterly review meetings evaluate the basis for the accounting of ECL losses. If there are significant events that will affect an estimated loss which the model has not taken into account, relevant factors in the ECL model will be overridden. An assessment is made of the level of long-term PD and LGD in stage 2 and stage 3 under different scenarios, as well as an assessment of macro factors and weighting of scenarios. Consequences of increased macroeconomic uncertainty and measurement of expected credit loss (ECL) for loans and guarantees The bank’s loss provisions reflect expected credit loss (ECL) pursuant to IFRS 9. When assessing ECL, the relevant conditions at the time of reporting and expected economic developments are taken into account. The scenarios are weighted on the basis of our best estimate of the probability of the various outcomes represented. In light of the war between Ukraine and Russia and the uncertainty this entails, the weighting of the best-case scenario was reduced from 20 per cent to 10 per cent, and the worst-case scenario increased from 10 per cent to 20 per cent, effective from the first quarter of 2022. Since then, these weightings have been maintained because the security and geopolitical situation is still characterised by considerable uncertainty. Additionally, uncertainty surrounding international trade policy, the risk of increased protectionism and more fragmented trade patterns are contributing to an asymmetric risk balance with greater downside risk than upside potential. The Norwegian economy is showing signs of a moderate upturn, supported by greater household purchasing power and a labour market that remains robust. At the same time, economic growth remains modest, and high interest rates continue to curb demand in parts of the business sector and among households. The level of economic activity in Nordvestlandet is considered strong, with activity remaining high in several export- oriented industries. However, the region is exposed to developments in the international markets and is therefore being impacted by the global geopolitical and economic uncertainty. To sum up, there is still considerable uncertainty about future economic developments, both internationally and in Norway, and the weighting from Q2-2026 will be maintained. Climate-related risk and calculating ECL The bank uses the ECL model to simulate expected losses resulting from climate-related risk in various scenarios. The ECL model has been used to simulate the financial consequences of climate-related risk for commercial property. Stress testing has been carried out on commitments in excess of a certain size related to the rental of commercial property. In the stress tests, PD (capacity to service debt) and LGD (collateral) were stressed in different scenarios. The bank has continued to identify and map climate-related risk in the loan portfolio and various industries. In 2025, the first version of a transition plan was established to ensure that the bank’s loan portfolios become emission free by 2050. Climate-related risk has been integrated into the Sustainability Report/CSRD reporting, the annual ICAAP report, and quarterly internal reporting. Climate risk indicators are monitored quarterly for both the retail and corporate loan portfolios. Q3 2026 | Notes to the financial statements Unaudited 30
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The ECL model must be expectation-oriented, and the bank is of the opinion that qualitative climate-related risk analyses currently involve a high degree of uncertainty, and these are thus not taken account of when assessing ECL, although the model is used for stress testing climate-related risk. The bank will strive to find good methods for implementing climate-related risk in the ECL model for the corporate portfolio. Specification of credit loss in the income statement GROUP Q3 2026 Q3 2025 30.09.2026 30.09.2025 2025 Changes in ECL - stage 1 (model-based) -2 0 3 6 -13 Changes in ECL - stage 2 (model-based) -10 3 -53 15 -8 Changes in ECL - stage 3 (model-based) 6 3 -1 1 6 Changes in individually assessed losses 11 -10 62 18 13 Confirmed losses covered by previous individual impairment 8 26 33 37 47 Confirmed losses, not previously impaired 1 3 2 6 17 Recoveries -3 -1 -8 -12 -15 Total impairments on loans and guarantees 11 24 38 71 47 Changes in the loss provisions/ECL recognised in the balance sheet in the period GROUP - 30.09.2026 Stage 1 Stage 2 Stage 3 Total ECL 31.12.2025 21 115 127 263 New commitments 9 14 6 29 Disposal of commitments and transfer to stage 3 (individually assessed) -3 -63 -7 -73 Changes in ECL in the period for commitments which have not migrated -3 -12 -1 -16 Migration to stage 1 2 -11 0 -9 Migration to stage 2 -2 20 -18 0 Migration to stage 3 0 -1 19 18 Changes stage 3 (individually assessed) - - 55 55 ECL 30.09.2026 24 62 181 267 - of which expected losses on loans to retail customers 5 31 63 99 - of which expected losses on loans to corporate customers 19 26 118 163 - of which expected losses on guarantee liabilities 0 5 0 5 GROUP - 30.09.2025 Stage 1 Stage 2 Stage 3 Total ECL 31.12.2024 34 123 106 263 New commitments 9 44 1 54 Disposal of commitments and transfer to stage 3 (individually assessed) -4 -25 -7 -36 Changes in ECL in the period for commitments which have not migrated 1 -1 1 1 Migration to stage 1 4 -24 -5 -25 Migration to stage 2 -4 22 -2 16 Migration to stage 3 0 -1 15 14 Changes stage 3 (individually assessed) - - 16 16 ECL 30.09.2025 40 138 125 303 - of which expected losses on loans to retail customers 8 32 64 104 - of which expected losses on loans to corporate customers 30 95 61 186 - of which expected losses on guarantee liabilities 2 11 0 13 Q3 2026 | Notes to the financial statements Unaudited 31
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GROUP - 31.12.2025 Stage 1 Stage 2 Stage 3 Total ECL 31.12.2024 34 123 106 263 New commitments 8 48 2 58 Disposal of commitments and transfer to stage 3 (individually assessed) -8 -28 -11 -47 Changes in ECL in the period for commitments which have not migrated -12 -16 10 -18 Migration to stage 1 2 -26 -2 -26 Migration to stage 2 -3 15 -4 8 Migration to stage 3 0 -1 12 11 Changes stage 3 (individually assessed) - - 14 14 ECL 31.12.2025 21 115 127 263 - of which expected losses on loans to retail customers 4 20 59 83 - of which expected losses on loans to corporate customers 16 85 68 169 - of which expected losses on guarantee liabilities 1 10 0 11 Commitments (exposure) divided into risk groups based on probability of default GROUP - 30.09.2026 Stage 1 Stage 2 Stage 3 Total Low risk (0 % - < 0.5 %) 73,481 3,536 - 77,017 Medium risk (0.5 % - < 3 %) 14,080 8,551 - 22,631 High risk (3 % - <100 %) 2,119 2,428 - 4,547 PD = 100 % - - 1,090 1,090 Total commitments before ECL 89,680 14,515 1,090 105,285 - ECL -24 -62 -181 -267 Total net commitments *) 89,656 14,453 909 105,018 Gross commitments with overridden migration 310 -310 0 0 GROUP - 30.09.2025 Stage 1 Stage 2 Stage 3 Total Low risk (0 % - < 0.5 %) 69,959 718 - 70,677 Medium risk (0.5 % - < 3 %) 12,562 6,490 - 19,052 High risk (3 % - <100 %) 1,530 3,433 - 4,963 PD = 100 % - - 404 404 Total commitments before ECL 84,051 10,641 404 95,096 - ECL -40 -138 -125 -303 Total net commitments *) 84,011 10,503 279 94,793 Gross commitments with overridden migration 278 -278 0 0 GROUP - 31.12.2025 Stage 1 Stage 2 Stage 3 Total Low risk (0 % - < 0.5 %) 68,566 2,535 - 71,101 Medium risk (0.5 % - < 3 %) 11,645 6,974 - 18,619 High risk (3 % - <100 %) 1,583 2,644 - 4,227 PD = 100 % - - 396 396 Total commitments before ECL 81,794 12,153 396 94,343 - ECL -21 -115 -127 -263 Total net commitments *) 81,773 12,038 269 94,080 Gross commitments with overridden migration 337 -337 0 0 *) The tables above are based on exposure (incl. undrawn credit facilities and guarantee liabilities) and are not including fixed rate loans assessed at fair value. The figures are thus not reconcilable against the balance sheet nor with note 6. Q3 2026 | Notes to the financial statements Unaudited 32
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Note 6 Credit-impaired commitments The table shows total commitments in default for more than 90 days and other credit-impaired commitments (less than 90 days). Customers who have been in default must go through a probation period with 100 per cent PD for at least three months before they are scored as non-defaulted. These customers are included in gross credit-impaired commitments 30.09.2026 30.09.2025 31.12.2025 GROUP Total Retail Corporate Total Retail Corporate Total Retail Corporate Gross commitments in default for more than 90 days 150 107 43 163 106 57 168 113 55 Gross other credit-impaired commitments 978 87 891 255 131 124 238 105 133 Gross credit-impaired commitments 1,128 194 934 418 237 181 406 218 188 ECL on commitments in default for more than 90 days 30 23 7 38 22 16 38 20 18 ECL on other credit-impaired commitments 151 40 111 85 41 44 89 38 51 ECL on credit-impaired commitments 181 63 118 123 63 60 127 58 69 Net commitments in default for more than 90 days 120 84 36 125 84 41 130 93 37 Net other credit-impaired commitments 827 47 780 170 90 80 149 67 82 Net credit-impaired commitments 947 131 816 295 174 121 279 160 119 Total gross loans to customers - Group 95,717 62,341 33,376 89,719 59,217 30,502 89,721 59,675 30,046 Guarantees - Group 2,016 1 2,015 2,525 1 2,524 2,430 1 2,429 Gross credit-impaired commitments in % of loans/guarantee liabilities 1.15 % 0.31 % 2.64 % 0.45 % 0.40 % 0.55 % 0.44 % 0.37 % 0.58 % Net credit-impaired commitments in % loans/guarantee liabilities 0.97 % 0.21 % 2.31 % 0.32 % 0.29 % 0.37 % 0.30 % 0.27 % 0.37 % Commitments with probation period 30.09.2026 30.09.2025 31.12.2025 GROUP Total Retail Corporate Total Retail Corporate Total Retail Corporate Gross commitments with probation period 60 18 42 95 56 39 70 29 41 Gross commitments with probation period in % of gross credit-impaired commitments 5.3 % 9.3 % 4.5 % 23 % 24 % 22 % 17 % 13 % 22 % Q3 2026 | Notes to the financial statements Unaudited 33
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Note 7 Other income (NOK million) 30.09.2026 30.09.2025 2025 Guarantee commission 24 25 34 Income from the sale of insurance services (non-life/personal) 28 25 36 Income from the sale of fund saving products 13 13 18 Income from Discretionary Portfolio Management 62 48 67 Income from money-transfer services 85 80 108 Other fees and commission income 28 27 42 Commission income and income from banking services 240 218 305 Commission expenses and expenses from banking services -37 -24 -34 Income from real estate brokerage 29 34 42 Other operating income 1 1 4 Total other operating income 30 35 46 Net commission and other operating income 233 229 317 Interest hedging (for customers) 3 2 1 Currency hedging (for customers) 23 9 20 Dividend received 5 0 6 Net gains/losses on shares 18 7 1 Net gains/losses on bonds 5 22 25 Change in value of fixed-rate loans -14 31 39 Derivates related to fixed-rate lending 30 -38 -46 Change in value of issued bonds 1,603 11 -74 Derivates related to issued bonds -1,599 2 88 Net gains/losses related to buy back of outstanding bonds -1 -1 -1 Net result from financial instruments 73 45 59 Total other income 306 274 376 The following table lists commission income and expenses covered by IFRS 15 broken down by the largest main items and allocated per segment. Net commission and other operating income - 30.09.2026 Group Other Corporate Retail Real estate brokerage Guarantee commission 24 0 24 0 0 Income from the sale of insurance services (non-life/personal) 28 -1 4 25 0 Income from the sale of fund saving products 13 0 1 12 0 Income from Discretionary Portfolio Management 62 2 32 28 0 Income from money-transfer services 85 7 22 56 0 Other fees and commission income 28 2 8 18 0 Commission income and income from banking services 240 10 91 139 0 Commission expenses and expenses from banking services -37 -20 -2 -15 0 Income from real estate brokerage 29 0 0 0 29 Other operating income 1 1 0 0 0 Total other operating income 30 1 0 0 29 Net commision and other operating income 233 -9 89 124 29 Q3 2026 | Notes to the financial statements Unaudited 34
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Net commission and other operating income - 30.09.2025 Group Other Corporate Retail Real estate brokerage Guarantee commission 25 -1 26 0 0 Income from the sale of insurance services (non-life/personal) 25 -2 3 24 0 Income from the sale of fund saving products 13 1 1 11 0 Income from Discretionary Portfolio Management 48 2 24 22 0 Income from money-transfer services 80 8 21 51 0 Other fees and commission income 27 6 9 12 0 Commission income and income from banking services 218 14 84 120 0 Commission expenses and expenses from banking services -24 -5 -2 -17 0 Income from real estate brokerage 34 0 0 0 34 Other operating income 1 1 0 0 0 Total other operating income 35 1 0 0 34 Net commision and other operating income 229 10 82 103 34 Net commission and other operating income - 2025 Group Other Corporate Retail Real estate brokerage Guarantee commission 34 -1 35 0 0 Income from the sale of insurance services (non-life/personal) 36 2 3 31 0 Income from the sale of fund saving products 18 2 1 15 0 Income from Discretionary Portfolio Management 67 3 34 30 0 Income from money-transfer services 108 9 28 71 0 Other fees and commission income 42 1 19 22 0 Commission income and income from banking services 305 16 120 169 0 Commission expenses and expenses from banking services -34 -11 -2 -21 0 Income from real estate brokerage 42 0 0 0 42 Other operating income 4 4 0 0 0 Total other operating income 46 4 0 0 42 Net commision and other operating income 317 9 118 148 42 Q3 2026 | Notes to the financial statements Unaudited 35
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Note 8 Operating expenses (NOK million) 30.09.2026 30.09.2025 2025 Wages 292 291 384 Pension expenses 28 28 35 Employers' social security contribution and Financial activity tax 65 64 86 Other personnel expenses 26 26 33 Wages, salaries, etc. 411 409 538 Depreciations 48 46 62 Operating expenses own and rented premises 12 17 20 Maintenance of fixed assets 5 5 7 IT-expenses 185 173 233 Marketing expenses 30 28 37 Purchase of external services 22 27 35 Expenses related to postage, telephone and newspapers etc. 6 7 10 Travel expenses 5 3 6 Capital tax 11 13 17 Other operating expenses 16 21 28 Total other operating expenses 292 294 393 Total operating expenses 751 749 993 Q3 2026 | Notes to the financial statements Unaudited 36
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Note 9 Classification of financial instruments Financial assets and financial liabilities are recognised in the balance sheet at the date when the Group becomes a party to the contractual provisions of the instrument. A financial asset is derecognised when the contractual rights to the cash flows from the financial asset expire, or the company transfers the financial asset in such a way that risk and profit potential of the financial asset is substantially transferred. Financial liabilities are derecognised from the date when the rights to the contractual provisions have been extinguished, cancelled or expired. Classification and measurement The Group’s portfolio of financial instruments is at initial recognition classified in accordance with IFRS 9. Financial assets are classified in one of the following categories: • Amortised cost • Fair value with value changes through the income statement The classification of the financial assets depends on two factors: • The purpose of the acquisition of the financial instrument • The contractual cash flows from the financial assets Financial assets measured at amortised cost The classification of the financial assets assumes that the following requirements are met: • The asset is acquired to receive contractual cash flows • The contractual cash flows consist solely of principal and interest All lending and receivables, except fixed interest rate loans, are recorded in the group accounts at amortised cost, based on expected cash flows. The difference between the issue cost and the settlement amount at maturity, is amortised over the lifetime of the loan. Financial liabilities measured at amortised cost Debt securities, including debt securities included in fair value hedging, loans and deposits from credit institutions and deposits from customers, are valued at amortised cost based on expected cash flows. The portfolio of own bonds is shown in the accounts as a reduction of the debt. Financial instruments measured at fair value, any changes in value recognised through the income statement The Group's portfolio of bonds in the liquidity portfolio is classified at fair value through the income statement. The portfolio is held solely for liquidity management and is traded to optimize returns within current quality requirements for the liquidity portfolio. Q3 2026 | Notes to the financial statements Unaudited 37
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The Group’s portfolio of fixed interest rate loans is measured at fair value to avoid accounting mismatch in relation to the underlying interest rate swaps. Fixed interest rate deposits from customers with maturities in excess of one year are classified at fair value and secured by interest rate swaps. Financial derivatives are contracts signed to mitigate an existing interest rate or currency risk incurred by the Group. Financial derivatives are recognised at fair value through the income statement and recognised gross per contract as an asset or a liability. The Group’s portfolio of shares is measured at fair value with any value changes through the income statement. Losses and gains as a result of value changes on assets and liabilities measured at fair value, with any value changes being recognised in the income statement, are included in the accounts during the period in which they occur. Levels in the valuation hierarchy Financial instruments are classified into different levels based on the quality of market data for each type of instrument. Level 1 – Valuation based on prices in an active market Level 1 comprises financial instruments valued by using quoted prices in active markets for identical assets or liabilities. This category includes listed shares and mutual funds, as well as bonds and certificates. Level 2 – Valuation based on observable market data Level 2 comprises financial instruments valued by using information which is not quoted prices, but where prices are directly or indirectly observable for assets or liabilities, including quoted prices in inactive markets for identical assets or liabilities. This category mainly includes debt securities issued, derivatives and bonds. Level 3 – Valuation based on other than observable market data Level 3 comprises financial instruments which cannot be valued based on directly or indirectly observable prices. This category includes loans to customers, as well as shares. Q3 2026 | Notes to the financial statements Unaudited 38
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GROUP - 30.09.2026 Financial instruments at fair value through profit and loss Financial instruments measured at amortised cost Total book value Cash and receivables from Norges Bank 40 40 Loans to and receivables from credit institutions 606 606 Loans to and receivables from customers 3,372 92,083 95,455 Certificates and bonds 12,627 12,627 Shares and other securities 241 241 Financial derivatives 833 833 Total financial assets 17,073 92,729 109,802 Loans and deposits from credit institutions 1,693 1,693 Deposits from and liabilities to customers 146 52,949 53,095 Financial derivatives 1,157 1,157 Debt securities 42,739 42,739 Subordinated loan capital 1,409 1,409 Total financial liabilities 1,303 98,790 100,093 GROUP - 30.09.2025 Financial instruments at fair value through profit and loss Financial instruments measured at amortised cost Total book value Cash and receivables from Norges Bank 403 403 Loans to and receivables from credit institutions 1,008 1,008 Loans to and receivables from customers 4,009 85,420 89,429 Certificates and bonds 14,803 14,803 Shares and other securities 155 155 Financial derivatives 1,522 1,522 Total financial assets 20,489 86,831 107,320 Loans and deposits from credit institutions 2,275 2,275 Deposits from and liabilities to customers 126 52,446 52,572 Financial derivatives 467 467 Debt securities 41,396 41,396 Subordinated loan capital 857 857 Total financial liabilities 593 96,974 97,567 GROUP - 31.12.2025 Financial instruments at fair value through profit and loss Financial instruments measured at amortised cost Total book value Cash and receivables from Norges Bank 968 968 Loans to and receivables from credit institutions 1,312 1,312 Loans to and receivables from customers 3,826 85,643 89,469 Certificates and bonds 15,479 15,479 Shares and other securities 149 149 Financial derivatives 1,361 1,361 Total financial assets 20,815 87,923 108,738 Loans and deposits from credit institutions 2,202 2,202 Deposits from and liabilities to customers 133 53,202 53,335 Financial derivatives 480 480 Debt securities 41,968 41,968 Subordinated loan capital 857 857 Total financial liabilities 613 98,229 98,842 Q3 2026 | Notes to the financial statements Unaudited 39
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Note 10 Financial instruments at amortised cost GROUP 30.09.2026 30.09.2025 31.12.2025 Fair value Book value Fair value Book value Fair value Book value Cash and receivebles from Norges Bank 40 40 403 403 968 968 Loans to and receivables from credit institutions 606 606 348 348 1,312 1,312 Loans to and receivables from customers 92,083 92,083 85,393 85,393 85,643 85,643 Total financial assets 92,729 92,729 86,144 86,144 87,923 87,923 Loans and deposits from credit institutions 1,693 1,693 2,774 2,774 2,202 2,202 Deposits from and liabilities to customers 52,949 52,949 52,426 52,426 53,202 53,202 Debt securities issued 42,918 42,739 41,544 41,396 42,135 41,968 Subordinated loan capital 1,418 1,409 871 857 870 857 Total financial liabilities 98,978 98,790 97,615 97,453 98,409 98,229 Q3 2026 | Notes to the financial statements Unaudited 40
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Note 11 Financial instruments at fair value A change in the discount rate of 10 basis points will have an impact of approximately NOK 5 million on loans with fixed interest rate. GROUP - 30.09.2026 Based on prices in an active market Observable market information Other than observable market information Level 1 Level 2 Level 3 Total Cash and receivables from Norges Bank - Loans to and receivables from credit institutions - Loans to and receivables from customers 3,372 3,372 Certificates and bonds 1,130 11,497 12,627 Shares and other securities 7 234 241 Financial derivatives 833 833 Total financial assets 1,137 12,330 3,606 17,073 Loans and deposits from credit institutions - Deposits from and liabilities to customers 146 146 Debt securities - Subordinated loan capital - Financial derivatives 1,157 1,157 Total financial liabilities - 1,157 146 1,303 GROUP - 30.09.2025 Based on prices in an active market Observable market information Other than observable market information Level 1 Level 2 Level 3 Total Cash and receivables from Norges Bank - Loans to and receivables from credit institutions - Loans to and receivables from customers 4,009 4,009 Certificates and bonds 1,183 13,620 14,803 Shares and other securities 6 149 155 Financial derivatives 1,521 1,521 Total financial assets 1,189 15,141 4,158 20,488 Loans and deposits from credit institutions - Deposits from and liabilities to customers 126 126 Debt securities - Subordinated loan capital - Financial derivatives 389 389 Total financial liabilities - 389 126 515 Q3 2026 | Notes to the financial statements Unaudited 41
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GROUP - 31.12.2025 Based on prices in an active market Observable market information Other than observable market information Level 1 Level 2 Level 3 Total Cash and receivables from Norges Bank - Loans to and receivables from credit institutions - Loans to and receivables from customers 3,826 3,826 Certificates and bonds 1,434 14,045 15,479 Shares and other securities 7 142 149 Financial derivatives 1,361 1,361 Total financial assets 1,441 15,406 3,968 20,815 Loans and deposits from credit institutions - Deposits from and liabilities to customers 133 133 Debt securities - Subordinated loan capital - Financial derivatives 480 480 Total financial liabilities - 480 133 613 Reconciliation of movements in level 3 during the period GROUP Loans to and receivables from customers Shares Deposits from customers Book value as at 31.12.2025 3,826 142 133 Purchases/additions 161 77 1,109 Sales/reduction -594 0 -1,095 Transferred to Level 3 0 0 0 Transferred from Level 3 0 0 0 Net gains/losses in the period -21 15 -1 Book value as at 30.09.2026 3,372 234 146 GROUP Loans to and receivables from customers Shares Deposits from customers Book value as at 31.12.2024 4,551 193 131 Purchases/additions 185 11 999 Sales/reduction -744 -66 -1,005 Transferred to Level 3 0 0 0 Transferred from Level 3 0 0 0 Net gains/losses in the period 17 11 1 Book value as at 30.09.2025 4,009 149 126 GROUP Loans to and receivables from customers Shares Deposits from customers Book value as at 31.12.2024 4,551 193 131 Purchases/additions 214 11 2 Sales/reduction -958 -66 0 Transferred to Level 3 0 0 0 Transferred from Level 3 0 0 0 Net gains/losses in the period 19 4 0 Book value as at 31.12.2025 3,826 142 133 Q3 2026 | Notes to the financial statements Unaudited 42
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Note 12 Issued covered bonds The debt securities of the Group consist of covered bonds quoted in Norwegian kroner (NOK) and Euro (EUR) issued by Møre Boligkreditt AS, in addition to certificates and bonds quoted in NOK issued by Sparebanken Møre. The table below provides an overview of the Group’ s issued covered bonds. ISIN code Curr. Nominal value in currency 30.09.2026 Interest Issued Maturity Book value 30.09.2026 Book value 30.09.2025 Book value 31.12.2025 XS0968459361 EUR 25 fixed EUR 2.81 % 2013 2028 270 299 299 NO0010836489 NOK 1,000 fixed NOK 2.75 % 2018 2028 967 973 957 XS2233150890 EUR 30 3M Euribor + 0.75 % 2020 2027 329 356 358 NO0010951544 NOK 5,442 3M Nibor + 0.75 % 2021 2026 5,459 6,042 6,037 XS2389402905 EUR - fixed EUR 0.01 % 2021 2026 - 2,872 2,906 XS2556223233 EUR 250 fixed EUR 3.125 % 2022 2027 2,795 3,071 2,981 NO0012908617 NOK 6,000 3M Nibor + 0.54 % 2023 2028 6,044 6,039 6,040 XS2907263284 EUR 500 fixed EUR 2,63 % 2024 2029 5,324 5,944 5,901 NO0013571877 NOK 6,000 3M Nibor + 0.44 % 2025 2030 6,025 6,022 6,022 XS3349884653 EUR 500 fixed EUR 3 % 2026 2031 5,412 - - Total covered bonds issued by Mør e Boligkreditt AS (incl. accrued interests) 32,625 31,618 31,501 As at 30.09.2026, Sparebanken Møre held NOK 0 million in covered bonds issued by Møre Boligkreditt AS (NOK 0 million). Møre Boligkreditt AS held no own covered bonds as at 30.09.2026 (NOK 0 million). Q3 2026 | Notes to the financial statements Unaudited 43
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Note 13 Transactions with related parties These are transactions between the parent bank and wholly-owned subsidiaries based on arm's length principles. The most important transactions eliminated in the Group accounts: PARENT BANK 30.09.2026 30.09.2025 31.12.2025 Statement of income Net interest and credit commission income from subsidiaries 136 137 183 Received dividend from subsidiaries 195 169 169 Administration fee received from Mør e Boligkreditt AS 44 42 55 Rent paid to Sparebankeiendom AS and Storgata 41-45 Molde AS 3 8 9 Balance sheet Claims on subsidiaries 4,831 4,264 4,712 Covered bonds 0 0 0 Liabilities to subsidiaries 1,488 1,987 1,189 Intragroup right-of-use of properties in Sparebankeiendom AS and Storgata 41-45 Molde AS 9 13 12 Intragroup hedging 27 557 432 Accumulated loan portfolio transferred to Mør e Boligkreditt AS 38,876 36,311 37,590 Q3 2026 | Notes to the financial statements Unaudited 44
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Note 14 EC capital The 20 largest EC holders in Sparebanken Mør e as at 30.09.2026 (grouped) Number of ECs Percentage share of EC capital Sparebankstiftelsen Tingvoll 4,882,209 9.80 Verdipapirfondet Eika Egenkapitalbevis 4,202,821 8.44 Spesialfondet Borea utbytte 2,206,782 4.43 Wenaasgruppen AS 2,200,000 4.42 Kommunal Landspensjonskasse 1,672,928 3.36 MP Pensjon 1,659,485 3.33 Verdipapirfond Pareto Aksje Norge 1,518,572 3.05 Beka Holding AS 750,500 1.51 J.P. Morgan SE (nominee) 659,187 1.32 Wenaas EFTF AS 650,000 1.31 Lapas AS 637,136 1.28 BKK Pensjonskasse 532,600 1.07 BNP Paribas (nominee) 485,695 0.98 Forsvarets personellservice 467,000 0.94 Sparebankstiftelsen Sparebanken Mør e 360,750 0.72 Hjellegjerde Invest AS 300,000 0.60 U Aandahls Eftf AS 250,000 0.50 Sparebanken Mør e*) 216,117 0.43 Borghild Hanna Møller 200,990 0.40 Borea Nordisk Utbytte Verdipapirfond 186,484 0.37 Total 20 largest EC holders 24,039,256 48.28 Total number of ECs 49,795,520 100.00 *) hereof 50,000 ECs loaned to Arctic according to market making-agreement The proportion of equity certificates held by foreign nationals was 4.8 per cent at the end of the 3rd quarter of 2026. During the 3rd quarter of 2026, Sparebanken Møre has not acquired any of its own ECs. Q3 2026 | Notes to the financial statements Unaudited 45
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Note 15 Events after the reporting date No events have occurred after the reporting period that will materially affect the figures presented as at 30 September 2026. Q3 2026 | Notes to the financial statements Unaudited 46
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Statement of income - Parent bank STATEMENT OF INCOME - PARENT BANK (COMPRESSED) (NOK million) Q3 2026 Q3 2025 30.09.2026 30.09.2025 2025 Interest income from assets at amortised cost 907 852 2,561 2,588 3,434 Interest income from assets at fair value 171 201 534 570 754 Interest expenses 629 630 1,827 1,907 2,513 Net interest income 449 423 1,268 1,251 1,675 Commission income and revenues from banking services 89 77 240 218 305 Commission expenses and expenditure from banking services 12 9 37 24 33 Other operating income 15 15 45 46 63 Net commission and other operating income 92 83 248 240 335 Dividends 4 0 200 169 6 Net change in value of financial instruments 1 24 58 44 231 Net result from financial instruments 5 24 258 213 237 Total other income 97 107 506 453 572 Total income 546 530 1,774 1,704 2,247 Salaries, wages etc. 131 129 390 386 508 Depreciation and impairment of non-financial assets 16 15 48 50 66 Other operating expenses 92 91 274 274 368 Total operating expenses 239 235 712 710 942 Profit before impairment on loans 307 295 1,062 994 1,305 Impairment on loans, guarantees etc. 11 30 31 54 41 Pre-tax profit 296 265 1,031 940 1,264 Taxes 70 64 195 183 264 Profit after tax 226 201 836 757 1,000 Allocated to equity owners 210 186 792 712 940 Allocated to owners of Additional Tier 1 capital 16 15 44 45 60 Profit per EC (NOK) 1) 2.08 1.84 7.81 7.02 9.28 Diluted earnings per EC (NOK) 1) 2.08 1.84 7.81 7.02 9.28 Distributed dividend per EC (NOK) 0,00 0,00 7.00 6.25 6.25 STATEMENT OF COMPREHENSIVE INCOME - PARENT BANK (COMPRESSED) (NOK million) Q3 2026 Q3 2025 30.09.2026 30.09.2025 2025 Profit after tax 226 201 836 757 1,000 Items that may be reclassified to the income statement: Basisswap spreads - changes in value 0 0 0 0 0 Tax effect of changes in value on basisswap spreads 0 0 0 0 0 Items that will not be reclassified to the income statement: Pension estimate deviations 0 0 0 0 -1 Tax effect of pension estimate deviations 0 0 0 0 0 Total comprehensive income after tax 226 201 836 757 999 Allocated to equity owners 210 186 792 712 939 Allocated to owners of Additional Tier 1 capital 16 15 44 45 60 1) Calculated using the EC-holders' share (49.1 %) of the period's profit to be allocated to equity owners Q3 2026 | Statement of income - Parent bank Unaudited 47
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Balance sheet - Parent bank ASSETS (COMPRESSED) 30.09.2026 30.09.2025 31.12.2025 Cash and receivables from Norges Bank 40 403 968 Loans to and receivables from credit institutions 5,436 5,272 6,024 Loans to and receivables from customers 56,589 53,128 51,884 Certificates, bonds and other interest-bearing securities 12,341 14,522 15,202 Financial derivatives 1,046 1,051 868 Shares and other securities 241 155 149 Equity stakes in Group companies 2,622 2,622 2,622 Deferred tax asset 24 8 24 Intangible assets 71 59 71 Fixed assets 101 112 109 Overfunded pension liability 88 83 85 Other assets 218 220 194 Total assets 78,817 77,635 78,200 LIABILITIES AND EQUITY (COMPRESSED) (NOK million) 30.09.2026 30.09.2025 31.12.2025 Loans and deposits from credit institutions 2,934 3,080 2,248 Deposits from customers 53,258 53,015 53,652 Debt securities issued 10,113 9,778 10,468 Financial derivatives 866 953 828 Pension liabilities 24 23 24 Tax payable 195 183 279 Other liabilites 752 786 662 Subordinated loan capital 1,409 857 857 Total liabilities 69,551 68,675 69,018 EC capital 996 996 996 ECs owned by the bank -5 -3 -5 Share premium 382 380 380 Additional Tier 1 capital 750 750 750 Paid-in equity 2,123 2,123 2,121 Primary capital fund 3,805 3,690 3,805 Gift fund 125 125 125 Dividend equalisation fund 2,421 2,310 2,421 Other equity -44 -45 710 Comprehensive income for the period 836 757 - Retained earnings 7,143 6,837 7,061 Total equity 9,266 8,960 9,182 Total liabilities and equity 78,817 77,635 78,200 Q3 2026 | Balance sheet - Parent bank Unaudited 48
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Profit performance - Group QUARTERLY PROFIT (NOK million) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Net interest income 505 483 469 511 515 Other operating income *) 99 123 84 102 96 Total operating expenses *) 250 248 253 244 249 Profit before impairment on loans 354 358 300 369 362 Impairment on loans, guarantees etc. 11 2 25 -24 24 Pre-tax profit 343 356 275 393 338 Taxes 81 81 64 96 80 Profit after tax 262 275 211 297 258 As a percentage of average assets Net interest income 1.80 1.74 1.75 1.90 1.88 Other operating income *) 0.36 0.44 0.31 0.38 0.35 Total operating expenses *) 0.90 0.89 0.94 0.91 0.90 Profit before impairment on loans 1.26 1.29 1.12 1.37 1.33 Impairment on loans, guarantees etc. 0.04 0.01 0.09 -0.09 0.09 Pre-tax profit 1.22 1.28 1.03 1.46 1.24 Taxes 0.28 0.29 0.24 0.36 0.29 Profit after tax 0.94 0.99 0.79 1.10 0.95 *) A reclassification from operating income to operating expenses has resulted in reduced total other operating income and total operating expenses by NOK 6 million for the period from Q1 to Q3 2025. The percentage of average assets has been adjusted accordingly. Q3 2026 | Profit performance - Group Unaudited 49