Slides
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Rogaland Sparebank Q3 2026 Capital Markets Day Tomas Nordbø, CEO Siri A. Styles, CFO Oslo, 5 November 2026
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Rogaland Sparebank 2026-2027 by Tomas Nordbø, CEO Financial key figures by Siri Aaen Styles, CFO Liquidity and Local Macro by Johan Erik Flaatin, Head of Finance Agenda
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"We will grow more than the market and ensure ever-improving profitability -We will get hold of, further develop and take care of the best people and build a unique and attractive culture. - We will be responsible in our choices and contribute to local community development. - We will ensure good and customized customer experiences. In everything we do, we will help build a stronger and broader reputation. Customers and reputation Profitable growth People Community responsibility
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Rogaland Sparebank 150 years!
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• A bank started by, and for, the people • A steady growth partner for small and large businesses in the region • A safe supporter for the general public – security and predictability for customers and the return of profits to society • A proud workplace that has developed generations of employees • An institution that has helped build the city, develop local communities and create a sense of belonging. Rogaland Sparebank 150 years!
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Growth and profitability deliver results Key Points • Annual growth rate (CAGR) from 2016-3Q26 is 6.2% • Retail banking initiative in Stavanger from autumn 2021 • Corporate SME initiative from 2024 • Hjelmeland Sparebank included with 3.2 billion in 3Q24 • Gained market share throughout the period Net lending, NOK billion 21,5 21,5 22,2 22,9 24,0 25,4 27,0 29,4 34,0 37,4 38,8 10 15 20 25 30 35 40 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 9m26 9M24 includes NOK 0.6 billion in Eika Boligkreditt Annual Growth Rate (CAGR) 6.2%
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Growth and profitability deliver results Key Points • Annual percentage improvement (CAGR) from 2016-3Q26 of 9.0% • Costs of replacing core banking system totalling NOK 67 million in 2021-2023 • Hjelmeland Sparebank included from 3Q24 • De-risking and restructuring of corporate banking • Low losses • Tight cost control • Capital discipline Profit and return on equity 171 197 244 277 261 281 266 330 458 480 398 7,3 % 7,5 % 8,8 % 9,6 % 9,0 % 9,7 % 8,5 % 9,9 % 12,2 % 11,3 % 12,1 % 4,0 % 5,0 % 6,0 % 7,0 % 8,0 % 9,0 % 10, 0 % 11, 0 % 12, 0 % 13, 0 % 0 100 200 300 400 500 600 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 9M26 Operating profit after tax Return on equity after tax Annual Growth Rate (CAGR) 9,0%
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ROGS: price and trading volume on Oslo Børs Return from 31.12.16 – 29.10.26 -20% 20% 60% 100% 140% 180% 220% 260% 300% 340% 380% 420% 460% 500% 540% 580% 620% 660% 80 120 160 200 240 280 320 360 400 440 480 520 560 600 640 680 720 760 des. 16 sep. 17 jun. 18 mar. 19 des. 19 sep. 20 jun. 21 mar. 22 des. 22 sep. 23 jun. 24 mar. 25 des. 25 sep. 26 ROGS Hovedindeks (OSEBX) Egenkapitalbevisindeks (OSEEX) Avkastning 605 % 481 % 213 % 22 % 20 % 12 % 0 % 5 % 10 % 15 % 20 % 25 % 0 % 100 % 200 % 300 % 400 % 500 % 600 % 700 % Rogaland Sparebank Equirty certificate index Oslo børs Totalavkastning Annualisert Equity certificate performance, including dividends Growth and profitability deliver results
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Financial targets 2025–2028 Return on equity >11% CET1 capital ratio >16.15% Dividend payout ratio [50–100%] Profitable growth >5% 75,0 % 75 % 75 % 93 %50,0 % 50 % 75,0 % 100 % 2022 2023 2024 2025 2026 Dividend Upper dividend target Lower dividend target 6,5 % 9,0 % 7,0 % 9,9 % 5,7 % 5,0 % 2022 2023 2024 2025 2026 12 months growth Growth target 8,5 % 9,9 % 12,2 % 11,3 % 12,1 % 10,0 % 11,0 % 2022 2023 2024 2025 9M26 Return on equity after tax Target ROE 17,8 % 17,8 % 17,1 % 18,8 % 17,7 % 15,1 % 16,2 % 16,8 % 16,15 % 16,15 % 2022 2023 2024 2025 2026 CET1 Target CET1
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• Profit after tax: NOK 397.9 million (390.6 million) • Return on equity after tax of 12.1% (12.5%) • Gross organic lending growth over the past 12 months of 5.7 % (9.2%) • Net interest margin of 1.67% (1.91%) • Total assets 46.4bn (42.9bn) • Earnings per equity certificate NOK 10.4 (NOK 10.3) • Total operating expenses MNOK 281.3 (303.7) Rogaland Sparebank: strong first nine months Profit and return on equity Summary first 9 months 218 261 367 391 398 9,5 % 10,7 % 13,4 % 12,5 % 12,1 % 0,0 % 2,0 % 4,0 % 6,0 % 8,0 % 10, 0 % 12, 0 % 14, 0 % 0 50 100 150 200 250 300 350 400 450 500 9M22 9M23 9M24 9M25 9M26 Operating profit after tax Return on equity after tax
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Continued solid lending growth Growth in lending (12 months) Lending growth by division (12 months) • Lending growth has increased by NOK 2.1 billion (5.7%) over the past 12 months. • In the last quarter, loans to customers increased by MNOK 387 (0.7%) • Lending to the retail market is up NOK 1.7 billion (6.2%) in the last 12 months. In the last quarter, lending increased by NOK 320 million (1.1%). • Gross lending volume for the corporate market is up MNOK 348 (4.0%) in the last 12 months, and down MNOK 32 (-0.4%) in the last quarter Lending growth 5.7% over the past 12 months 6,2 % 4,0 % -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% 14% 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 Gross retail lending Gross corporate lending 5,7 % 0% 2% 4% 6% 8% 10% 12% 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26
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The local bank concept – attractive also in the future • Strong presence in Nord-Jæren and Ryfylke and is the local bank in Rogaland • The bank has satisfied customers and is relevant and visible – customers choose Rogaland Sparebank! • Great potential in today's market area • The local bank concept stands up well in a highly competitive market where several competitors are investing nationally • The bank has a clear presence in the local community
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Rogaland – good growth opportunities Kommune Kunder Befolkning 2026 Markedsandel PM Stavanger 11.086 151.669 7,3 % Sandnes 14.304 85.785 16,7 % Jæren** 2.646 74.707 3,5 % Sola 2.115 29.541 7,2 % Ryfylke* 3.317 25.065 13,2 % Randaberg 733 11.841 6,2 % Totalt 34.201 378.608 9,0 % Totalt for Rogaland 119.515 1.514.768 7,9 %
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Continued good macro outlook in the region Average growth indicator regional network, last three years (2023-2026) Outlook, Regional Network Norges Bank Expected growth per sector. A diversified business sector in Rogaland contributes to growth *Source: Norges Bank September 2026
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Market
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Visibility and top of mind *Amedia (Sandnesposten, Solabladet, Jærbladet, Strandbuen) *Schibsted (Aftenbladet, VG, E24, Finn.no) Strong brand and high "top of mind" A clear local profile and high visibility give Rogaland Sparebank a strong position in the market. Marketing that supports growth in PM and BM Targeted campaigns towards both the private and business market with local appeal. Local campaigns that set us apart Local relevance, humor and recognition give the communication a distinct character and make the brand more visible and relevant.
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NOK 40 million for gifts that will create pride, joy and enthusiasm for everyone in Rogaland Proud sponsor and supporter of teams and associations in our region Customer dividend for the 9th time! We create jobs throughout the bank's market area Community responsibility
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Retail market
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We will take market shares where we have offices We will be among the most profitable in retail, measured against banks we compete against We will be the best at Personal financial advice We will work more standardized and operate efficiently We will lift both internal and external processes by using available technology and tools We will contribute to a lower cost-to-income ratio for the bank by increasing income without increasing costs We will work purposefully to increase the share within our preferred segment in PM We will ensure that we have sufficient deposit funds Goal towards 2028 RETAIL MARKET
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More retail customers choose Rogaland Sparebank 6,4 % 4,5 % 0% 2% 4% 6% 8% 10% 12% 14% 3Q20 1Q21 3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 Growthh Retail Creditgrowth retail Norway
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Retail customer satisfaction in Rogaland Source: Kantar's customer survey 2026 79 73 47 65 61 69 80 76 49 63 60 62 30 40 50 60 70 80 90 100 Oak Rogaland Sparebank Nationwide bank Regional bank Other banks Online Banking 2025 2026 Customer experience index >75: Very strong 55–74: Strong 35–54: Vulnerable <35: Weak
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Stronger and personal presence in Jæren Strategic investment in an attractive growth market The establishment at Bryne strengthens the bank's presence in Jæren and is an important step in the long-term growth strategy and ambition to increase its market share in Rogaland. Building on a strong customer position The bank already had over 2,500 private customers in Jæren before its establishment, and the area has been among the bank's strongest in terms of percentage customer growth in recent years. Increased local capacity provides a basis for further growth A full-fledged office with personal advisors, business advisors and real estate agents gathered in Høghuset at Bryne provides increased proximity to customers and businesses and strengthens growth opportunities in both PM and BM.
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Increased investment in savings Saving and investing is a rapidly growing market Ordinary fund savings and own pension savings relevant to more and more people Increasing number of wealthy customers Relevant advisory service and strong customer loyalty Eika Asset Management delivers ever better fund products and customer solutions Building up its own team of savings advisors
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Aktiv real estate agency An important contributor to retail banking growth
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Aktiv Rogaland – New profile New profile and even closer interaction between bank and broker
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Rogaland Sparebank + Aktiv Rogaland Turnover Market share 37,9 % Ryfylke 12,7 % Sandnes 3,8 % Stavanger Status 2026 486 Sales so far this year up from 374 YTD
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Corporate market
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The most attractive local bank for small and medium-sized businesses in our market segment • Local We are present with competent employees who know and understand the local business community • Personal Relationship and closeness are the glue between us and our customers • Fast Short path to decision-makers gives us the power to act, and puts us in a position to find good solutions together with our customers Goal towards 2028 CORPORATE MARKET
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Two years into the new strategy period Rogaland Sparebank – Relevant among local businesses High activity in the entire business market area Good growth in new core customers Good growth in cross-selling income • Payment services and cash management • Insurance, pensions and guarantees • Leasing High customer satisfaction – All time high!
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Great potential *Measured by the proportion of corporate identity numbers that are customers of the bank below NOK 400 million in turnover Rogaland Sparebank Approximately 10%* market share in the SME segment in our primary market area 30 corporate banking employees in 5 offices Local presence crucial for good customer relations Collaboration and partnership The Growth Guarantee Scheme – Innovation Norway Working capital financing – ECSFIN Leasing – Brage
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Corporate banking portfolio Annet 8,5 % Industri 1,8 % Byggelån, Bolig 2,7 % Borettslag 8,0 % Bygg og Anlegg 8,7 % Offentlig og Privat Tjenesteyting 18,6 %Utleie, Bolig 7,4 % Landbruk 12,1 % Utleie, Næring 32,2 % • Growth as of Q3: • Loans: +4.0% last 12 months • Other income: +8.7% last 12 months • Customer growth – operating customers: +4.7% in the last 12 months • Good industry risk diversification • Low risk level in the portfolio
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Priority industries • Real Estate • Sale and operation of real estate • Construction • Development of construction projects • Housing cooperatives • Manufacturing and operational industries • Industry • Retail • Service industries • Agriculture
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Corporate customers value local expertise, good advice and short decision-making paths Source: The Bank's own surveys 69 79 80 73 79 71 81 81 82 86 30 40 50 60 70 80 90 100 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Very satisfied customers!!
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The Eika Alliance ~ 41 Local banks (11 largest are all over NOK 20bn and account for 60% of Eika's total assets ~NOK 650bn Total assets (incl. BK and Eika Group)_x000B_ >820,000 Customers of the banks and Eika (PM/BM) ~400 Employees working for and with bank deliveries in Eika Gruppen 8.5% Average bank lending growth over the past 5 years (7.4% YoY) The Eika Group • Banking Platform Provider • Efficient large -scale operation on a standardized technical solution • Good development in customer and advisor solution • Safe and cost -effective operating solution • Good product companies for customers • Eika Asset Management • Fremtind insurance • Kredittbanken (credit cards) • An important and profitable investment for the bank • Largest owner with 9.65% stake, • Ownership valued at NOK 956 million • Dividend of NOK 57 million (2025) • Share of profit YTD 2026 73 million – 1.6% ROE Eika – an important partner for the bank
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Rogaland Sparebank 2026-2027 by Tomas Nordbø, CEO Financial key figures by Siri Aaen Styles, CFO Liquidity and Local Macro by Johan Erik Flaatin, Head of Finance Agenda
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Profit development Stable underlying banking operations Profit after tax, last 5 quarters Profit after tax, annually • Return on equity 2024 adjusted for non-recurring items (NOK 29 million) in connection with the merger is 11.2% 111 89 101 209 88 10,3 % 7,9 % 9,4 % 19,9 % 7,7 % 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 3Q25 4Q25 1Q26 2Q26 3Q26 Operating profit after tax Return on equity after tax 266 330 458 480 398 8,5 % 9,9 % 12,2 % 11,3 % 12,1 % 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 9M26 Operating profit after tax Return on equity after tax
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Net interest income Net interest margin impacted by changes in NIBOR Net interest income, last 5 quarters Net interest income, annually • Net interest margin Parent Bank 9M2026 2.31% (2.37%) • 51% deposit-to-loan ratio 1,87% 1,78% 1,75% 1,62% 1,63% 1,00% 1,20% 1,40% 1,60% 1,80% 2,00% 3Q25 4Q25 1Q26 2Q26 3Q26 1,61% 1,85% 1,95% 1,88% 1,67% 1,0 0% 1,2 0% 1,4 0% 1,6 0% 1,8 0% 2,0 0% 2022 2023 2024 2025 9M26
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Net interest income High lending growth results in higher interest income, which contributes to stable net interest income in the event of a falling margin Net interest income, last 5 quarters Net interest income, annually • 51% deposit-to-loan ratio 496 616 719 784 561 2022 2023 2024 2025 9M26 198 194 192 181 187 3Q25 4Q25 1Q26 2Q26 3Q26
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Lending and deposit margins Increase in deposit margin, but higher NIBOR rate reduces lending margin Lending margins Deposit margins The margin is calculated as the difference between the average customer interest rate and the average Nibor3m. Lending margin = average lending rate – average Nibor3m. Deposit margin = average Nibor3m – average deposit rate 1,35 % 1,17 % 1,05 % 0,77 % 0,79 % 2,28 % 2,28 % 2,33 % 2,08 % 2,07 % 3Q25 4Q25 1Q26 2Q26 3Q26 Lending margin retail Lending margin corporate 0,79 % 0,85 % 0,87 % 1,22 % 1,23 % 1,70 % 1,71 % 1,69 % 1,85 % 1,91 % 3Q25 4Q25 1Q26 2Q26 3Q26 Deposit margin retail Deposit margin corporate
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Other income Decrease in other income for the quarter Other income, last 5 quarters Other income, annually • Securities valuation loss of NOK 3 million due to write-downs • Dividend from Eika Gruppen in 2025 MNOK 57 (75.3) and profit from the 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 1 18 8 100 28 29 27 30 31 11 22 -6 10 -3 40 69 29 140 28 3Q25 4Q25 1Q26 2Q26 3Q26 Dividend and income from subsidiaries Net commission income Change in value currency and securities 66 54 43 89 108 93 96 120 112 88 -9 6 16 48 1 4 4 77 1 154 160 255 250 197 2022 2023 2024 2025 9M26 Other operating income Change in value currency and securities Net commission income Dividend and income from subsidiaries
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Strong growth in cross-selling income Steady growth in cross-selling reflects sustained internal focus Cross-selling income, last 5 quarters Cross-selling income, annually / YTD 12,2 10,7 10,8 11,0 13,8 6,1 9,4 6,3 6,6 6,3 2,9 2,6 2,9 3,0 3,521,2 22,7 20,0 20,6 23,6 3K25 4K25 1K26 2K26 3K26 Financial Instruments (asset mgt. and sales) Insurance Sales Transaction Services 36,5 34,5 40,8 43,5 35,6 15,0 16,6 20,2 26,7 19,2 5,4 6,8 9,3 11,8 9,4 56,9 57,9 70,4 82,0 64,2 2022 2023 2024 2025 9M26 Financial Instruments (asset mgt. and sales) Insurance Sales Transaction Services • Revenues from payment services increased in 3Q due to more payments outside the EEA
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Cost development Stable operating costs Costs, last 5 quarters Costs, annual • Merger costs Hjelmeland Sparebank of NOK 44.6 million in 2024 • The change of core system from SDC to TietoEvry has been charged NOK 67 million in the period 2021-2023. • Number of full-time equivalents in the parent bank decreased as a result of fewer employees, 139 employees per 3Q (152) Underlying banking operations include the operation of the parent bank and the mortgage company 274 298 320 384 257 39 45 50 32 24 12 26 45 - - 324 369 415 417 281 45% 41% 38% 38% 35% 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 9M26 Costs from banking operations Costs Aktiv Eiendomsmegling One offs/merger costs Cost to income banking operations 89 102 84 91 82 6 11 8 9 7 96 113 92 100 90 -10 10 30 50 70 90 110 130 3Q25 4Q25 1Q26 2Q26 3Q26 Costs from banking operations Costs Aktiv Eiendomsmegling
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Impairments and losses Decrease in impairment losses and normalised losses in the first 9 months of the year Impairment losses recognised in the balance sheet • The decrease as of Q3 is mainly due to previously impaired loans that have been written off, NOK 60 million 34 50 66 70 37 43 25 28 36 20 19 25 25 22 17 0,35 % 0,34 % 0,35 % 0,34 % 0,19 % 0% 0% 0% 0% 0% 0% 0% 0% 1% 1% 2022 2023 2024 2025 9m26 Step 1 provisions Step 2 provisions Individual write-downs (Step 3) Total write-downs in % of gross lending 11 11 24 65 25 0,04 % 0,04 % 0,07 % 0,18 % 0,13 % 0% 0% 0% 0% 0% 2022 2023 2024 2025 9m26 Losses on loans Losses in % of gross lending Losses on loans and guarantees • Loss in 3Q of NOK 11.5 million
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Impairments and problem exposures Reduction in defaults, problem exposures and impairments after the merger with Hjelmeland Sparebank Net non-performing and problem exposures Gross non-performing and problem exposures • Hjelmeland Sparebank's volume is included from 1 August 2024 • Decline in YTD 3Q due to few new non-performing engagements 0,4 % 0,9 % 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 20259M26 Ordinary Retail (L.A) Corporate (R.A.) 237 380 522 486 400 0,88 % 1,29 % 1,54 % 1,30 % 1,03 % 2022 2023 2024 2025 9M26 Non-performing and doutbful loans Net non-performing and doubtful loans in % of net lending
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• The capital target for CET1 capital from 31.10.25 is 16.15%, including a management buffer of 1.25% • New Pillar 2 requirement valid from 31.10.25 at 1.6% down from 2.3% Well capitalised and equipped for further growth CET1 capital ratio of 17.7%. Leverage ratio 8.3% CET1 capital adequacy ratio A well-capitalised bank 14,90 % 1,25 % 17,8 % 17,8 % 17,1 % 18,8 % 17,7 % 16,15 % 2022 2023 2024 2025 2026 Krav 31.12.25 Requirement Management buffer CET1
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Rogaland Sparebank 2026-2027 by Tomas Nordbø, CEO Financial key figures by Siri Aaen Styles, CFO Liquidity and Local Macro by Johan Erik Flaatin Agenda
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Deposit funding Deposits by division Deposit-to-loan ratio 50% 50% 50% 51% 51% 3Q25 4Q25 1Q26 2Q26 3Q26 69 % 31 % Deposits Retail Deposits Corporate • Deposit volume from Hjelmeland Sparebank added in Q3 2024
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External financing and liquidity Wholesale funding and net maturity (MNOK) Liquidity reserve, (MNOK) • Norwegian municipalities internally rated AA LCR of 303% | NSFR of 129% 466 - - - - - - - 3.576 - - - - - - - 4.042 3.985 3.910 3.006 2.386 1.726 1.426 -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 3k26 4K26 1K27 2K27 3K27 4K27 1K28 2K28 Free Liquidity Liquidity facility Norwegian Central Bank Liquidity buffer 250 660 800 300 - 500 - 1.350 3.300 3.300 6.500 3.300 - 220 200 250 - - 250 2.230 4.300 3.850 6.500 3.800 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 reserve Liquidity portfolio composition Liquidity portfolio by rating • Norwegian municipalities internally rated AA NOK 4.8 billion excl. cash Domestic Municipalities (RW20) Foreign Municipalities (RW0) Gov't GuaranteedDomestic Covered Bonds Foreign Covered Bonds Financial institutions 86% 12% 2% 0% 0% AAA AA A BBB BB
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Local macro
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80 90 100 110 120 130 140 150 160 170 180 jan.16 jan.17 jan.18 jan.19 jan.20 jan.21 jan.22 jan.23 jan.24 jan.25 jan.26 Oslo Norge Trondheim Bergen Stavanger m/omegn Kristiansand House prices – What is the home worth? Developments in the past year: • Bergen +8.5% • Stavanger +7.0% • Kristiansand +3.7% • Norway +2.4% • Trondheim +2.3% • Oslo -1.1% Source: Eiendomsverdi
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House prices and servicing capacity Average price of sold dwellings Average monthly earnings per capita in 2025 Source: Statistics Norway 6.999.068 5.795.354 5.770.453 5.404.888 5.010.869 4.717.426 4.289.317 Oslo Stavanger m/omegn Tromsø Bergen Norge Trondheim Kristiansand m/omegn 71.090 69.290 64.710 64.380 63.630 62.360 60.640 60.100 Stavanger Oslo Sandnes Bergen Trondheim Norge Tromsø KristiansandSource: Real Estate Norway
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Commercial real estate – the local market Total vacancy in combination buildings Total vacancy in commercial buildings Combination buildings and commercial buildings are the segments with the lowest vacancy 3,7 % 2,9 % 2,9 % 2,7 % 4,0 % 4,4 % 5,0 % 4,2 % 4,9 % 4,0 % 2,9 % 2,8 % 4,2 % 4,2 % 3,0 % 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0,7 % 1,1 % 0,9 % 1,6 % 1,3 % 0,7 % 1,3 % 1,4 % 1,6 % 0,8 % 1,4 % 0,7 % 0,6 % 0,6 % 0,9 % 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 • Combination buildings are multi-activity buildings that typically contain a workshop/warehouse/office in the same building • Vacancy of 86,000 sqm, which is a decrease of 22,000 sqm Source: Eiendomsmegler 1 Næringseiendom Stavanger
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4000 1750 0 1000 2000 3000 4000 5000 6000 7000 1Q04 1Q06 1Q08 1Q10 1Q12 1Q14 1Q16 1Q18 1Q20 1Q22 1Q24 1Q26 Vika/Aker Brygge Bergen Trondheim Stavanger sentrum Stavanger Forus Commercial real estate – the local market Total vacancy in office property in the Stavanger region Rents largest cities in Norway 3,4 % 7,0 % 8,0 % 10,1 % 11,2 % 13,5 % 9,7 % 11,3 % 10,7 % 9,8 % 8,6 % 7,8 % 7,6 % 8,6 % 8,8 % 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 • Little newbuilding after the oil downturn from 2014-2016 • Construction activity has picked up in recent years • Vår energi will move into a new building in 2029 • Equinor co-locates all employees in 2030 • Prime yield 5.75% autumn 2026 • Increased activity on the transaction side in recent years • The local real estate companies are by far the most active buyers Office vacancies are highest, but improving. The 2014–2016 correction limits downside risk versus other regions. Source: Eiendomsmegler 1 Næringseiendom Stavanger Source: Akershus Eiendom
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Construction of commercial property Combination property Office - 20.000 40.000 60.000 80.000 100.000 120.000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 - 20.000 40.000 60.000 80.000 100.000 120.000 140.000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 New building - Completed area
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Source: Statistics Norway Homes under construction
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Low unemployment 0,00 1,00 2,00 3,00 4,00 5,00 6,00 0,00 1,00 2,00 3,00 4,00 5,00 6,00 mar. 21 sep. 21 mar. 22 sep. 22 mar. 23 sep. 23 mar. 24 sep. 24 mar. 25 sep. 25 mar. 26 Norge Rogaland Lower unemployment rate in September Published: 2 October 2026 Rogaland had 5,110 fully unemployed people in September, equivalent to 1.9%. This was down from the previous month and at the same level as a year earlier. The rate was slightly below the national rate of 2.0%. 4,400 job vacancies Employers advertised 4,400 vacancies in September, 2% more than in September 2025.
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Employment in Rogaland – still many vacancies Source: Eika Kapitalforvaltning Number of employed persons in RogalandVacancies in Rogaland Source: Eika Kapitalforvaltning
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Oil investments are still important for the Rogaland economy Oil investments Source: Statistics Norway August 2026 257 275 275 227 - 50 100 150 200 250 300 2015201620172018201920202021202220232024202520262027 Higher estimate for oil investment in 2027 Investment in oil and gas extraction and pipeline transport is now estimated at about NOK 227 billion in 2027 at current prices. This is 10% above the estimate in the previous quarter. Published: 13 August 2026 The estimate for 2027 is nevertheless 0.9% below the corresponding estimate for 2026, reported in Q3 2025. The previous survey in May indicated marginal growth of 0.2% in 2027. The expected decline from 2026 to 2027 mainly reflects lower investment in field development. Several major projects are scheduled for completion next year, reducing investment in 2027. A marked increase in investment in fields already in operation offsets part of the decline.
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Relevant expertise and flexible business structure in the region Constant shift towards a broader business community - Electricity/energy market - Defence industry - Construction sector (road/tunnel/earthworks) - High-tech supplier industry The business community in the region is becoming more and more diversified - 10.000 20.000 30.000 40.000 50.000 60.000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Årlige investeringer i Kraftforsyning (2Q tall) Source: Statistics Norway August 2026
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Continued good macro outlook in the region Average growth indicator regional network, last 3.5 years (2023-2026)Outlook, Regional Network Norges Bank Expected growth per sector. A more diversified business sector in Rogaland, not just oil/gas that contributes to growth *Source: Norges Bank 17.9.2026
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Summary • House price inflation is expected to level off somewhat • Continued good activity in building and construction, especially in residential construction • Labour market still tight • Activity in the oil industry is expected to decline somewhat, but other industries are poised to take over • High oil prices are still positive for Rogaland
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APPENDIX
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Lending growth with lower capital requirements New standardised approach, volume growth in the private market and SMEs require less capital Net lending Risk-weighted assets 27,0 28,7 33,5 36,6 38,8 3k22 3k23 3k24 3k25 3k26 Veksthastighet (CAGR) +9,5 % 16,5 16,9 19,7 19,3 21,1 3k22 3k23 3k24 3k25 3k26 Veksthastighet (CAGR) +6,4% Loans transferred to Eika Boligkreditt are not included
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Lending growth with a strong capital position Volume growth in the private market and SMEs requires less capital Net lending Leverage Ratio, annual 20,1 21,8 25,9 28,4 29,7 0,6 0,4 0,4 6,9 7,6 8,1 9,0 9,1 27,0 29,4 34,6 37,8 39,2 0 5 10 15 20 25 30 35 40 45 2022 2023 2024 2025 9M26 Lending Retail Eika boligkreditt Lending Corporate 9,0 % 8,9 % 8,6 % 8,5 % 8,3 % 0% 3% 6% 9% 12% 2022 2023 2024 2025 9M26
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Lending to customers The share of lending to the retail market has increased significantly over the past 5 years. Low exposure to real estate development Loans to customers, by sector Loans for real estate • Low exposure to cyclical industries • Negligible direct exposure to oil-related activities • Stable in commercial real estate Commercial rental 57% Housing rental 13% Housing building projects 7% Commercial building building projects 2% Land 6% Other 2% Housing cooperative 14% 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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Focus on small and medium-sized enterprises Business loans (volume-weighted) Corporate loans for real estate (volume-weighted) Fewer large exposures and smaller commercial buildings reduce concentration risk in the portfolio 63 % 67 % 65 % 64 % 62 % 68 % 21% 24% 22% 29% 33% 19% 16% 9% 13% 6% 5% 13% 2021 2022 2023 2024 2025 3Q26 Under 75 mill 75–175 mill. Over 175 mill. 0,26 0,24 0,28 0,15 0,07 0,25 0,27 0,16 0,26 0,06 Under MNOK 20 MNOK 20-50 MNOK 50-100 MNOK 100-200 Over MNOK 200 Prosent 2020 Prosent 2026
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Retail lending portfolio: modest loan sizes Loan size distribution (volume-weighted) Distribution of loan size (number of loans) • Limited amount of large loans reduces vulnerability in the event of temporary loss of income • Average loan size MNOK 3.0 per customer 13 % 38 % 38 % 11 % <2 MNOK 2-4 MNOK 4-8 MNOK >8 MNOK 35 % 40 % 22 % 3 % <2 MNOK 2-4 MNOK 4-8 MNOK >8 MNOK Mortgages in a region that has had moderate house prices for many years, higher interest rates more manageable
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LTV distribution (quantity) Geographical distribution, volume • 89% of the portfolio has LTV* below 75%, • The average volume-weighted LTV is 52.4% • About 4% of the bank's collateral is linked to holiday homes, but most of this is additional collateral • Customers with LTV > 100% are mostly customers with additional collateral in the form of guarantors with customer relationships with another bank • 86% of the number of customers are in Rogaland • 89% of the number of customers excluding Balanse are in Rogaland • 93% of Balansebank's customers are located outside the bank's primary market area * LTV uses collateral market values. Each loan is allocated in full to one LTV interval. 72 % 17 % 7 % 3 % 0 % < 60% 60-75% 75-85% 85-100% >100% Retail lending portfolio: low loan-to-value ratios Moderate regional house prices support low loan-to-value ratios Rogaland; 86 % Oslo; 5 % Landet for øvrig; 9 % Rogaland Oslo Landet for øvrig
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Retail banking margins The deposit ratio PM is 46%, PM accounts for 77% of the bank's total lending 0,79 % 1,23 % -1,0 % -0,5 % 0,0 % 0,5 % 1,0 % 1,5 % 2,0 % 2,5 % 3K19 1K20 3K20 1K21 3K21 1K22 3K22 1K23 3K23 1K24 3K24 1K25 3K25 1K26 3K26 Lending margin retail Deposit margin retail Lower lending margins due to time effects of interest rate increases result in reduced profitability
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Net commission income 2022 2023 2024 2025 9M26 Garantiprovisjon 5.346 4.826 5.082 5.928 4.463 Verdipapirformidling og forvaltning 5.395 6.840 9.393 11.728 9.357 Betalingsformidling 36.532 34.470 40.856 43.525 35.623 Forsikring 15.004 16.594 20.278 26.731 19.190 Leasing 0 0 18 184 361 Formidling 2.050 1.947 4.471 7.477 4.883 Provisjonsinntekter og inntekter fra banktjenester 64.326 64.677 80.099 95.573 73.877 Provisjonskostnader og kostnader ved banktjenester -11.053 -11.619 -11.338 -12.711 -9.882 Netto provisjonsinntekter og inntekter fra banktjenester 53.273 53.057 68.760 82.862 63.995 Meglerhonorar 27.764 27.844 34.179 21.468 16.938 Andre provisjonsinntekter eiendomsmegling 12.315 14.689 16.976 7.537 6.853 Netto provisjonsinntekter fra eiendomsmegling 40.079 42.533 51.155 29.005 23.791 Totale netto provisjonsinntekter 93.352 95.590 119.915 111.867 87.786 Guarantee commissions Securities brokerage and management Payment services Insurance Leasing Other brokerage Commission and banking service income Commission and banking service expenses Net commission and banking service income Real estate brokerage fees Other real estate brokerage income Net real estate brokerage commission income Total net commission income
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Key figures 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 Vekst forvaltning 1,3 % 3,3 % 1,4 % 2,1 % 3,9 % 1,4 % 0,9 % 1,8 % 8,4 % 8,1 % Vekst utlån 1,5 % 1,1 % 4,0 % 2,3 % 2,1 % 0,8 % 1,9 % 0,7 % 9,2 % 5,7 % Vekst innskudd 1,5 % -1,1 % 4,8 % 2,5 % 2,4 % 0,4 % 4,2 % 1,0 % 7,9 % 8,1 % Netto rentemargin 1,94 % 1,99 % 1,89 % 1,87 % 1,78 % 1,75 % 1,62 % 1,63 % 1,91 % 1,67 % Andre inntekter % av totale inntekter 15,2 % 18,7 % 32,5 % 16,9 % 26,2 % 13,3 % 43,5 % 12,8 % 23,5 % 26,0 % Kostnadsgrad 49,4 % 41,0 % 37,3 % 40,2 % 42,9 % 41,4 % 31,2 % 41,6 % 39,4 % 37,1 % Kostnader % gj.sn. forvaltningskapital 1,1 % 1,0 % 1,0 % 0,9 % 1,0 % 0,8 % 0,9 % 0,8 % 1,0 % 0,8 % Egenkapitalavkastning etter skatt 8,9 % 13,8 % 13,8 % 10,3 % 7,9 % 9,4 % 19,9 % 7,7 % 12,5 % 12,1 % Kapitaldekningsprosent 20,6 % 20,3 % 22,7 % 22,2 % 22,5 % 21,8 % 21,8 % 21,2 % 22,2 % 21,2 % Kjernekapitalprosent 18,2 % 17,9 % 20,0 % 19,5 % 19,9 % 19,3 % 19,3 % 18,8 % 19,5 % 18,8 % Ren kjernekapitalprosent 17,1 % 16,8 % 18,8 % 18,3 % 18,8 % 18,2 % 18,2 % 17,7 % 18,3 % 17,7 % Risikovektet kapital 20.794 20.968 18.736 19.262 19.946 20.506 20.686 21.085 19.262 21.085 Antall årsverk 181 165 165 168 165 161 159 155 168 155 Børskurs 126 138 143 144 144 149 146 152 144 152 Egenkapitalbevisprosent 62,3 62,4 62,6 62,7 62,0 62,2 62,3 62,3 62,7 62,3 Fortjeneste per egenkapitalbevis (konsern) 2,5 3,7 3,7 2,9 2,3 2,6 5,5 2,3 10,3 10,4 Bokført egenkapital per egenkapitalbevis 110,8 105,4 110,7 113,7 117,2 109,6 113,7 120,2 113,7 120,2 Individuelle nedskrivninger i % av brutto utlån 0,19 % 0,18 % 0,18 % 0,18 % 0,19 % 0,18 % 0,11 % 0,10 % 0,18 % 0,10 % Gruppenedskrivninger i % av utlån etter ind. Nedskrivninger 0,15 % 0,16 % 0,17 % 0,13 % 0,15 % 0,13 % 0,09 % 0,10 % 0,13 % 0,10 % Innskuddsdekning 51,0 % 49,9 % 50,2 % 50,3 % 50,5 % 50,3 % 51,3 % 51,4 % 50,3 % 51,4 % Innskuddsdekning morbank 92,9 % 99,0 % 94,5 % 99,2 % 103,3 % 101,7 % 104,2 % 107,2 % 99,2 % 107,2 % Return on equity includes hybrid capital from Q1 2025 Growth in total assets Lending growth Deposit growth Net interest margin Other income / total income Cost-to-income ratio Costs / average total assets Return on equity after tax Total capital ratio Tier 1 capital ratio CET1 capital ratio Risk-weighted assets Full-time equivalents Market price Equity certificate ratio Earnings per equity certificate (group) Book equity per equity certificate Individual impairments / gross loans Collective impairments / net loans Deposit-to-loan ratio Deposit-to-loan ratio, parent bank
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Definitions Deposit-to-loan ratio Closing customer deposits / closing net customer loans Liquidity Coverage Ratio (LCR) Liquid assets / net liquidity outflow within 30 days in a stress scenario Net Stable Funding Ratio (NSFR) Available stable funding / required stable funding Net interest income Interest income - interest expenses Net interest margin ((Net interest income / days in the period) x days per year) / average total assets) Lending margin Average customer interest rate – moving average of 3-month Nibor Deposit margin Moving average of 3-month Nibor – average customer interest rate Cost ratio Total operating expenses / (net interest income + total other operating income) Total costs as a percentage of average total assets ((Total operating expenses / days in the period) x days in the year) / average total assets Return on equity before tax (Profit before tax / days in the period x days per year) / (closing total equity + opening total equity) / 2 Return on equity after tax (Profit after tax / days in the period x days a year) / ((closing total equity + opening total equity) / 2 Equity certificate percentage (Equity certificate capital + own equity certificates + premium + equalisation fund) / (equity certificate capital + own equity certificate + premium + equalisation fund + savings bank fund + gift fund) Profit per equity certificate (Profit after tax x equity certificate percentage) / number of equity certificates Book equity per equity certificate (closing total equity – closing hybrid capital) x equity certificate percentage / number of equity certificates Price/Book equity (P/B) Share price / book equity per equity certificate Profit from operations before loss and tax Profit after tax + tax expense + impairment and losses on loans and guarantees
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Contacts Tomas Nordbø CEO Phone: +47 922 11 865 E-mail: tn@rogalandsparebank.no Johan Erik Flaatin Head of Finance Phone: +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 Chief Financial Officer Phone: +47 901 28 749 E-mail: siri.styles@rogalandsparebank.no