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II Rogaland Spareba Rogaland Sparebank BOHK Rogaland Sp BOH O Rogaland Spareb LEWNING CBI2K Roo www SIP Rogaland Spareban Rogaland Spareban SANDNES HAN Rogaland Sparebank 2nd Quarter 2026 Tomas Nordbø , Chief Executive Officer Siri Styles , Chief Financial Officer Sandnes 12.08.2026 Rog Spareb Rogaland Rogala sareban UTSTYRSAVTAL 8 SANDNES HA ogaland pareber ARCH B xipt ARC
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Agenda o Rogaland Sparebank – Good first half o Key figures 1st half 2026
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The regional macroeconomic outlook remains strong Average growth indicator, regional network, last three years (2023-2026)Outlook, Norges Bank Regional Network Expected growth by sector. A more diversified business sector in Rogaland, with growth driven by more than oil and gas *Source: Norges Bank June 2026
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Financial targets for the strategy period 2025-2028 ROE >11% CET1 >16,15% Dividend payout ratio [50-100%] Growth >5% 75,0 % 75 % 75 % 93 %50,0 % 50 % 75,0 % 100 % 2022 2023 2024 2025 2026 Divindend Dividend lower target dividend upper target 6,5 % 9,0 % 7,0 % 9,9 % 7,3 % 5,0 % 2022 2023 2024 2025 2026 12 mnd growth Target growth 8,5 % 9,9 % 12,2 % 11,3 % 14,5 % 10,0 % 11,0 % 2022 2023 2024 2025 1H26 Return on equity after tax ROE target 17,8 % 17,8 % 17,1 % 18,8 % 18,2 % 15,1 % 16,2 % 16,8 % 16,15 % 16,15 % 2022 2023 2024 2025 2026 CET1 CET1 Target
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• Profit after tax MNOK 310,1 (279,7) • ROE after tax 14,5 % (13,7 %) • Lending growth last 12 months of 7,3 % (8,6 %) • Net interest margin1,69 % (1,94 %) • AUM incl. lån EBK loans of 45,6 bn (42,1 bn) Rogaland Sparebank – a solid start to the year ROE First half summary 169 169 226 280 310 11,2 % 10,5 % 12,8 % 13,7 % 14,5 % 0,0 % 2,0 % 4,0 % 6,0 % 8,0 % 10, 0 % 12, 0 % 14, 0 % 0 50 100 150 200 250 300 350 1H22 1H23 1H24 1H25 1H26 Operating profit after tax Return on equity after tax
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Solid Loan Grwoth, somewhat quiter first quarter Group level YoY Lending growth by division YoY 7,3 % 0% 2% 4% 6% 8% 10% 12% 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 2Q25 4Q25 2Q26 • Total lending increased by NOK 2,6 mrd (7,3 %) YoY • In the last quarter, lending to customers increased by NOK 731m (1.9%). • Retail lending increased by NOK 2,4 mrd (8,8 %) YoY and by MNOK 512 (1,8 %) QoQ • Corporate lending increased by MNOK 271(3,0 %) YoY, and by MNOK 271 (2,4 %) QoQ Loan growth of 7,3 % YoY 8,8 % 3,0 % -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% 14% 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 2Q25 4Q25 2Q26 Gross retail lending Gross corporate lending
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• More than 350 applications for community initiatives across Rogaland were received in this spring’s funding round, with grants awarded to 110 recipients. • Our partnership with the Norwegian Trekking Association (DNT) encourages people to get outdoors, with the annual 7 Summits Hike being one of the highlights of the year. • Der Folk Ferdes brings music to the community in collaboration with the Stavanger Symphony Orchestra. • Blinken is a major community festival in Sandnes, featuring sporting achievements, a free kids’ camp, and a concert for the city. • Free music and activities for children through Runfest and Mabils. Rogaland Sparebanks giftfund: 40 millions
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Agenda o Rogaland Sparebank – Good first half o Key figures 1st half 2026
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ROE Stabile underlying growth ROE after tax, quarterly ROE after tax, yearly • ROE 2024 adjusted for one-offs (29 MNOK) due to merger 11,2% • Return on equity 1H26 adjusted for the sale of Kjell Haver Regnskapsservice AS is 12.5% • 140 111 89 101 209 13,8 % 10,3 % 7,9 % 9,4 % 19,9 % 0,0 % 2,0 % 4,0 % 6,0 % 8,0 % 10,0 % 12,0 % 14,0 % 16,0 % 18,0 % 20,0 % 0 50 100 150 200 250 2Q25 3Q25 4Q25 1Q26 2Q26 Operating profit after tax Return on equity after tax 266 330 458 480 310 8,5 % 9,9 % 12,2 % 11,3 % 14,5 % 0,0 % 2,0 % 4,0 % 6,0 % 8,0 % 10, 0 % 12, 0 % 14, 0 % 0 100 200 300 400 500 600 700 2022 2023 2024 2025 1H26 Operating profit after tax Return on equity after tax
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Net Interest Margin NIM affected by changes in NIBOR Net Interes Margin, Quarterly Net Interes Margin, Yearly • Net interest margin parent bank 1H2026 2,33 % (2,48 %) • 51% Deposit coverage 1,89% 1,87% 1,78% 1,75% 1,62% 1,00% 1,20% 1,40% 1,60% 1,80% 2,00% 2Q25 3Q25 4Q25 1Q26 2Q26 1,61% 1,85% 1,95% 1,88% 1,69% 1,0 0% 1,2 0% 1,4 0% 1,6 0% 1,8 0% 2,0 0% 2022 2023 2024 2025 1H26
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Net Interest Margin High growth increases interest income which contributes to a stable NIM with falling margins Rentenetto, siste 5 kvartaler Rentenetto, årlig • 51% deposit coverage 496 616 719 784 373 2022 2023 2024 2025 1H26 194 198 194 192 181 2Q25 3Q25 4Q25 1Q26 2Q26
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Margin on Loans and Deposits Increase in deposit margin, but increased NIBOR reduces lending margin Lending margin Deposit margin e margin is calculated as the difference between the average customer rate and the average 3-month NIBOR. Lending margin = average lending rate – average 3-month NIBOR. Deposit margin = average 3-month NIBOR – average deposit rate 1,17 % 1,35 % 1,17 % 1,05 % 0,77 % 2,29 % 2,28 % 2,28 % 2,33 % 2,08 % 2Q25 3Q25 4Q25 1Q26 2Q26 Lending margin retail Lending margin corporate 0,99 % 0,79 % 0,85 % 0,87 % 1,22 % 1,79 % 1,70 % 1,71 % 1,69 % 1,85 % 2Q25 3Q25 4Q25 1Q26 2Q26 Deposit margin retail Deposit margin corporate
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Other Income Other income, quarterly Other income, yearly • Value change securities MNOK 10 • Dividend from Eika Gruppen i 2025 MNOK 57 (75,3) and profit from sale of Kjell Haver Regnskapsservise AS, MNOK 43 in 2Q26. • Other income for 2024 was related to accounting adjustments in connection with the merger between Hjelmeland and Sandnes Sparebank 67 1 18 8 100 29 28 29 27 30 -3 11 22 -6 10 94 40 69 29 140 2Q25 3Q25 4Q25 1Q26 2Q26 Dividend and income from subsidiaries Net commission income Change in value currency and securities 66 54 43 89 108 93 96 120 112 57 -9 6 16 48 44 4 77 1 154 160 255 250 169 2022 2023 2024 2025 1H26 Other operating income Change in value currency and securities Net commission income Dividend and income from subsidiaries Increase in other income for the quarter
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Strong Development in Gross Commission Income Steady increase in all types of commission income – High internal focus over time creates results Gross commission , quarterly Gross commission , yearly 10,3 12,2 10,7 10,8 11,0 5,8 6,1 9,4 6,3 6,6 3,3 2,9 2,6 2,9 3,0 19,4 21,2 22,7 20,0 20,6 2k25 3K25 4K25 1K26 2K26 Financial Instruments (asset mgt. and sales) Insurance Sales Transaction Services 36,5 34,5 40,8 43,5 21,8 15,0 16,6 20,2 26,7 12,9 5,4 6,8 9,3 11,8 5,9 56,9 57,9 70,4 82,0 40,6 2022 2023 2024 2025 1H26 Financial Instruments (asset mgt. and sales) Insurance Sales Transaction Services
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Operating Costs • Stable operating costs Costs, quarterly Costs, yearly • Merger costs Hjelmeland Sparebank is 44,6 MNOK in 2024 • Replacing the core system from SDC to TietoEvry has been charged at 67 MNOK in the period 2021-2023. • Some decrease in the number of full-time employees in 1H due to less employees , 142 (150) Underliggende bankdrift inkluderer drift morbank og boligkredittselskapret 274 298 320 384 175 39 45 50 32 17 12 26 45 - - 324 369 415 417 192 45% 41% 38% 38% 33% 0,25 0,35 0,45 0,55 0,65 0,75 0,85 0,95 1,05 1,15 1,25 0 50 100 150 200 250 300 350 400 450 2022 2023 2024 2025 1H26 Costs from banking operations Costs Aktiv Eiendomsmegling One offs/merger costs Cost to income banking operations 99 89 102 84 91 9 6 11 8 9 107 96 113 92 100 -10 10 30 50 70 90 110 130 2Q25 3Q25 4Q25 1Q26 2Q26 Costs from banking operations Costs Aktiv Eiendomsmegling
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Non-Performing and Doubtful Loans Reduced write-downs and normalized losses in 1H26 Write-downs • Hjelmeland Sparebanks volum is added from 1st of August 2024 34 50 66 70 42 43 25 28 36 14 19 25 25 22 19 0,35 % 0,34 % 0,35 % 0,34 % 0,20 % 0% 0% 0% 0% 0% 0% 0% 0% 1% 1% 2022 2023 2024 2025 1H26 Step 1 provisions Step 2 provisions Individual write-downs (Step 3) Total write-downs in % of gross lending 11 11 24 65 13 0,04 % 0,04 % 0,07 % 0,18 % 0,07 % 0% 0% 0% 0% 0% 2022 2023 2024 2025 1H26 Losses on loans Losses in % of gross lending Losses on loans and guarantees • Some increase in losses 4Q25 due to 2 bankrupties (Corporate)
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Non-Performing and Doubtful Loans Stable development, natural increase in connection with added lending volume through the merger Non-performing and doubtful loans Gross default rate retail (over 90 days) • Hjelmeland Sparebanks volume is inncluded from 1st of August 2024 • Decrease in 2Q due to few new non-performing exposures 0,4 % 1,0 % 0% 1% 2% 3% 4% 5% 6% 7% 8% 0,0 % 0,2 % 0,4 % 0,6 % 0,8 % 1,0 % 1,2 % 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Ordinary Retail (L.A.) Corporate (R.A.) 237 380 522 486 391 0,88 % 1,29 % 1,54 % 1,30 % 1,02 % 2022 2023 2024 2025 1H26 Non-performing and doutbful loans Net non-performing and doubtful loans in % of net lending
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• CET1 capital target from 31.10.25 is 16.15%, including a management buffer of 1.25% • New Pillar 2 requirement effective from 31.10.25 of 1.6%, down from 2.3% Well capitalised and positioned for further growth CET1 of18,2 %. Leverage ratio of 8,5 % CET1 A well capitalised bank 14,90 % 1,25 % 17,8 % 17,8 % 17,1 % 18,8 % 18,2 % 16,15 % 2022 2023 2024 2025 2026 Krav 31.12.25 Requirement Management buffer CET1
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APPENDIX
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Loans to customers The share of retail market lending has increased significantly over the last 5 years. Low exposure to property development Distribution by sector Corporate loans to real estate • Low exposure to cyclical industries • Insignificant direct exposure to the oil industry • Stabile exposure towards real estate Commercial rental 58% Housing rental 12% Housing building projects 8% Commercial building building projects 1% Land 5% Other 3% Housing cooperative 13% Commercial real estate 13% Buidling & construction 2% Public and private services 4%Retail services 1% Farming 3%Other* 1% Retail customers 76%
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Increase in lending volume and continued strong CET1 Volume growth in the private market and SMEs requires less capital Loans to customers Leverage (Equity/Total assets ), Yearly 20,1 21,8 25,9 28,4 29,3 0,6 0,4 0,4 6,9 7,6 8,1 9,0 9,1 27,0 29,4 34,6 37,8 38,9 0 5 10 15 20 25 30 35 40 45 2022 2023 2024 2025 1H26 Lending Retail Eika boligkreditt Lending Corporate 9,0 % 8,9 % 8,6 % 8,5 % 8,5 % 0% 3% 6% 9% 12% 2022 2023 2024 2025 1H26
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Increase in lending volume has lower tied-up capital New standard method, Volume growth in the private market and SMEs requires less capital Lending Risk weighted assets 26,2 28,3 30,6 35,8 38,5 2k22 2k23 2k24 2k25 2k26 CAGR +10,0% 16,4 17,2 17,9 18,7 20,7 2k22 2k23 2k24 2k25 2k26 CAGR +6,0% EBK not included
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Margins in the retail market Deposit coverage retail is 46 %, Retail constitute 76 % of the bank’s total lending 0,77 % 1,22 % -1,0 % -0,5 % 0,0 % 0,5 % 1,0 % 1,5 % 2,0 % 2,5 % 2K19 4K19 2K20 4K20 2K21 4K21 2K22 4K22 2K23 4K23 2K24 4K24 2k25 4K25 2K26 Lending margin retail Deposit margin retail Lower lending margin due to the time lag effect from interest rate increases reduces profitability
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Deposits From Customers By division Deposit ratio 50% 50% 50% 50% 51% 2Q25 3Q25 4Q25 1Q26 2Q26 69 % 31 % Deposits Retail Deposits Corporate • Hjelmeland Sparebanks volum is included from 1 august 2024
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Liquidity Funding Liquidity reserves, (MNOK) • Norske kommuner internrates AA LCR at 267 % | NSFR at 127 % 553 - - - - - - - 3.220 - - - - - - - 3.774 3.827 3.408 3.408 1.204 584 -1 .00 0 4 99 .00 0 9 99 .00 0 1 .49 9. 00 0 1 .99 9. 00 0 2 .49 9. 00 0 2 .99 9. 00 0 3 .49 9. 00 0 3 .99 9. 00 0 4 .49 9. 00 0 2k26 3K26 4K26 1K27 2K27 3K27 4K27 1K28 Free Liquidity Liquidity facility Norwegian Central Bank Liquidity buffer 400 660 800 300 - 500 - 2.650 3.300 3.300 6.500 1.500 - 220 200 250 - - 400 3.530 4.300 3.850 6.500 2.000 0 1 .00 0 2 .00 0 3 .00 0 4 .00 0 5 .00 0 6 .00 0 7 .00 0 2026 2027 2028 2029 2030 2031+ Bonds and certificates Covered bonds Subordinate loans
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Liquidity Liquidity portfolio composition Rating distribution • Norwegian Municipalities is internally rated AA NOK 4,4 bn excl. cash Domestic Municipalities (RW20) Foreign Municipalities (RW0) Gov't Guaranteed Domestic Covered Bonds Foreign Covered Bonds 86% 12% 2% 0% 0% AAA AA A BBB BB
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Net Commission Income 2022 2023 2024 2025 1H26 Guarantee commission 5.346 4.826 5.082 5.928 2.897 Securities brokerage and asset management 5.395 6.840 9.393 11.728 5.855 Payment services 36.532 34.470 40.856 43.525 21.791 Insurance 15.004 16.594 20.278 26.731 12.905 Leasing 0 0 18 184 240 Other fees 2.050 1.947 4.471 7.477 3.292 Commission income and income from banking services 64.326 64.677 80.099 95.573 46.981 Commission expenses and expenses from banking services -11.053 -11.619 -11.338 -12.711 -6.377 Net commission income and income from banking services 53.273 53.057 68.760 82.862 40.604 Brokerage fee 27.764 27.844 34.179 21.468 11.582 Other commission income from real estate brokerage 12.315 14.689 16.976 7.537 4.613 Net commission income from real estate brokerage 40.079 42.533 51.155 29.005 16.195 Total net commission income 93.352 95.590 119.915 111.867 56.799
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Key Figures 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 Growth assets 9,8 % 1,3 % 3,3 % 1,4 % 2,1 % 3,9 % 1,4 % 0,9 % 16,6 % 8,5 % Growth lending (net) 9,5 % 1,5 % 1,1 % 4,0 % 2,3 % 2,1 % 0,8 % 1,9 % 16,9 % 7,3 % Growth deposits 16,2 % 1,5 % -1,1 % 4,8 % 2,5 % 2,4 % 0,4 % 4,2 % 22,3 % 9,8 % Net interest margin 2,01 % 1,94 % 1,99 % 1,89 % 1,87 % 1,78 % 1,75 % 1,62 % 1,94 % 1,69 % Other income % of total income 37,1 % 15,2 % 18,7 % 32,5 % 16,9 % 26,2 % 13,3 % 43,5 % 26,5 % 31,2 % Cost-to-income ratio 44,4 % 49,4 % 41,0 % 37,3 % 40,2 % 42,9 % 41,4 % 31,2 % 39,0 % 35,3 % Costs as % of av. total assets 1,4 % 1,1 % 1,0 % 1,0 % 0,9 % 1,0 % 0,8 % 0,9 % 1,0 % 0,9 % Return on equity after tax 15,1 % 8,9 % 13,8 % 13,8 % 10,3 % 7,9 % 9,4 % 19,9 % 13,7 % 14,5 % Capital adequacy ratio 21,1 % 20,6 % 20,3 % 22,7 % 22,2 % 22,5 % 21,8 % 21,8 % 22,7 % 21,8 % Tier 1 capital ratio 18,6 % 18,2 % 17,9 % 20,0 % 19,5 % 19,9 % 19,3 % 19,3 % 20,0 % 19,3 % CET1 17,5 % 17,1 % 16,8 % 18,8 % 18,3 % 18,8 % 18,2 % 18,2 % 18,8 % 18,2 % Risk-weighted assets 19.698 20.794 20.968 18.736 19.262 19.946 20.506 20.686 18.736 20.686 Number of man-years 181 181 165 165 168 165 161 159 165 159 Stock exchange price 107 126 138 143 144 144 149 146 143 146 Equity capital certificate % of equity 62,5 62,3 62,4 62,6 62,7 62,0 62,2 62,3 62,6 62,3 Earnings per equity capital certificate 3,8 2,5 3,7 3,7 2,9 2,3 2,6 5,5 7,4 8,2 Book value per equity capital certificate 108,6 110,8 105,4 110,7 113,7 117,2 109,6 113,7 110,7 113,7 Individual write-downs in % of gross lending 0,18 % 0,19 % 0,18 % 0,18 % 0,18 % 0,19 % 0,18 % 0,11 % 0,18 % 0,11 % Coll. write-downs in % lending after ind. wr.-d. 0,21 % 0,15 % 0,16 % 0,17 % 0,13 % 0,15 % 0,13 % 0,09 % 0,17 % 0,09 % Deposits to loans ratio 51,0 % 51,0 % 49,9 % 50,2 % 50,3 % 50,5 % 50,3 % 51,3 % 50,2 % 51,3 % Deposits to loans ratio parent bank 92,4 % 92,9 % 99,0 % 94,5 % 99,2 % 103,3 % 101,7 % 104,2 % 94,5 % 104,2 % Egenkapitalavkastning er inkludert hybrid fra 1Q25
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Definition of Key Figures Rate of deposits to loans OB net loans to customers / OB deposits from customers Liquidity coverage ratio (LCR) Liquid assets / net liquidity output within 30 days in a stress scenario Net Interest Income (NII) Interest income – interest expenses Interest margin ((Net interest income / days in the period) x days in a year) / average total assets Lending margin Avgerage loan rate – rolling average of 3month NIBOR rate Deposit Margin Rolling average of 3month NIBOR rate – average deposit rate Cost / income ratio Total operating costs / (net interest income + total other operating revenues) Costs as a percentage of average total assets ((Total operating costs / days in the period) x days in a year) / average total assets Return on equity before tax (Operating profit before taxes / days in the period x days in a year) / ((OB total equity + IB total equity) / 2 [excl. T1 hybrid instruments] Return on equity after tax (Operating profit after taxes / days in the period x days in a year) / ((OB total equity + IB total equity) / 2 Equity certificate capital in % of equity (Equity certificate capital + own equity certificate + share premium + dividend equalisation reserve) / (Equity certificate capital + own equity certificate + share premium + dividend equalisation reserve + savings bank`s fund + gift fund) Earnings per equity certificate (Operating profit after taxes x equity certificate capital in % of equity) / number of equity certificates Book value per equity certificate OB total equity x equity certificate capital in % of equity / number of equity certificates Price / Book (P/B) Market price / book value per equity certificate Operating profit before write downs and taxes Operating profit after tax + tax cost + write downs on lending and guarantees
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Contacts Tomas Nordbø CEO Telephone: +47 922 11 865 E - mail: tn@rogalandsparebank.no Johan Erik Flaatin Head of Treasury Telephone: +47 51 67 67 21 E - mail: joef@rogalandsparebank.no This presentation has been prepared solely for promotion purposes of Rogaland Sparebank. The presentation is intended as general information and should not be construed as an offer to sell or issue financial instruments. The presentation shall not be reproduced, redistributed, in whole or in part, without the consent of Rogaland Sparebank. Rogaland Sparebank assumes no liability for any direct or indirect losses or expenses arising from an understanding of and/or use of the presentation. Siri A Styles CFO Telephone : +47 901 28 749 E - post: siri.styles@rogalandsparebank.no