Instabank Asa · OSL:INSTA
Instabank Asa — Q1 2026 Earnings Presentation
29 slides from Instabank Asa's earnings presentation, May 2026
Slide 1: Interim Presentation Q1-2026
INTERIM PRESENTATION Q1-2026
Slide 2: Highlights
Record-high organic lending growth Gross lending increased by 671 MNOK (+7.9% QoQ), reaching 9,167 MNOK, driven by strong performance across all segments Accelerating growth in German credit cards Credit card lending grew by 270 MNOK in the quarter, reaching 698 MNOK, reflecting strong traction in E
Slide 3: A Scalable Northern European Digital Challenger Bank
A Scalable Northern European Digital Challenger Bank 1 Challenger bank with a strong market position and growth potential in attractive markets 2 Continued strong growth in gross loans supported by attractive margins 3 Well diversified loan portfolio across markets, products and customer segments 4
Slide 4: Profitable Growth with European Ambition
Profitable Growth with European Ambition Instabank is a profitable Nordic challenger bank combining fintech scalability with banking solidity. With 36 consecutive profitable quarters, we are now positioned to leverage our pan-Nordic platform for high-margin growth across both B2C and B2B segments. W
Slide 5: Gross lending and margin developments
Gross lending and margin developments
Slide 6: Segments | Unsecured consumer lending
Segments | Unsecured consumer lending HIGHLIGHTS GROSS LOANS (MNOK) Yield • The unsecured consumer lending segment grew by 473 MNOK in the first quarter, driven by 324 MNOK in Credit Cards and 149 MNOK in consumer Consumer loans Consumer loans Consumer loans loans. 3,134 +149 12.0% • In Germany, cre
Slide 7: Segments | Mortgages
Segments | Mortgages HIGHLIGHTS GROSS LOANS (MNOK) Yield • The mortgages segment returned to growth in the first quarter, increasing by 153 MNOK to 3,862 MNOK in gross lending at quarter-end. . 3,862 8.2 % • The segment delivers strong profitability, driven by attractive yields, low risk, and lower
Slide 8: Segments | Business lending
Segments | Business lending HIGHLIGHTS GROSS LOANS (MNOK) Yield • The Business lending segment continued to grow in the quarter, with gross lending increasing by 44 MNOK to 1,026 MNOK, accounting for 11 1,026 17,5 % % of total lending. • The segment has delivered the highest profitability among Inst
Slide 9: Gross loans development | Well diversified loan book
Gross loans development | Well diversified loan book GROSS LOANS BALANCE GROWTH (MNOK) KEY COMMENTS: 835 • In the first quarter, Instabank achieved growth in gross lending of 671 MNOK. 671 543 • The record-high organic growth came from strong performance across 473 368 Instabank’s three segments: Un
Slide 10: Yields and funding cost | Attractive margins
Yields and funding cost | Attractive margins LENDING AND LIQUIDITY YIELD, INTEREST RATE DEPOSITS: KEY COMMENTS: 17.9 % 17.8 % 17.7 % 17.5 % 17.5 % • Highly attractive yield for business lending at 17.5 %. • The increase in yield for unsecured consumer lending is because of 13.9 % 14.0 % increased sh
Slide 11: Profitability, risk and capital
Profitability, risk and capital
Slide 12: 36 consecutive quarters with profits
Q4-16 -8.0 Q1-17 -3.2 Q2-17 2% 1.2 Q3-17 2.2 Q4-17 4% 3% 2.1 Q1-18 6% 4.0 Q2-18 8% 6.7 Q3-18 7.0 Q4-18 7% 8% 8.3 Q1-19 3% 3.3 Q2-19 7% 9.6 Q3-19 10% 13.3 Q4-19 15.1 11% Q1-20 4% 5.3 Q2-20 8% 9.9 Q3-20 13.2 Q4-20 14.3 Q1-21 14.0 10% 11% 10% Q2-21 19.5 14% Q3-21 24.4 Q4-21 25.5 17% 17% Q1-22 20.6 13%
Slide 13: Total income | High growth in income
Total income | High growth in income TOTAL INCOME (MNOK): KEY COMMENTS: 175.5 179.5 156.3 144.1 134.5 ▪ Total income in Q1 2026 was 179.5 MNOK, an increase of 44.9 MNOK from the same quarter last year. ▪ Total interest income increased by 48.6 MNOK from the same quarter last year to 235.8 MNOK in Q1
Slide 14: Operating expenses | Economy of scale
Operating expenses | Economy of scale OPERATING EXPENSES BREAKDOWN (MNOK): KEY COMMENTS: 74.3 66.1 67.3 4.0 62.1 64.2 2.7 3.6 3.2 3.1 ▪ Operating expenses reached 74.3 MNOK, an increase of 12.2 MNOK from the 25.4 23.4 23.5 22.2 same quarter last year 25.0 9.6 9.0 9.3 8.4 7.0 27.5 29.3 32.5 22.9 24.8
Slide 15: Credit risk | Mortgages represent low credit risk
Credit risk | Mortgages represent low credit risk IMPAIRMENT LOSSES (MNOK): KEY COMMENTS: 80.0 10.0 % 61.5 ▪ Loan losses amounted to 61.5 MNOK or 2.8 %, representing an increase of 19.9 54.7 8.0 % 60.0 51.0 49.7 MNOK/ +0.4 % points from the same quarter last year 41.6 6.0 % 40.0 4.0 % 20.0 2.4 % 2.7
Slide 16: Regulatory Capital | Solid capital adequacy
Regulatory Capital | Solid capital adequacy DEVELOPMENTS IN CAPITAL ADEQUACY RATIOS: KEY COMMENTS: 25.4 % • At the end of the quarter, the Common Equity Tier 1 Capital (CET1) ratio was 18.4 %, 24.1 % 22.9 % 23.6 % 22.2 % 3.2 % 2.6 % points above the regulatory capital requirement including the expec
Slide 17: Strategy and ambitions
Strategy and ambitions
Slide 18: Strategic Flexibility Regarding Regulatory Framework
Strategic Flexibility Regarding Regulatory Framework • Instabank’s application for a Finnish banking license is ongoing. The • Recent signals from Norwegian authorities, including the application was submitted in Q2 2025 by the Company’s wholly Government’s Financial Markets Report for 2026, indicat
Slide 19: Product strategy | Continued expansion and diversification
Product strategy | Continued expansion and diversification FROM a specialised consumer finance bank Diversification and scale up TO a focused commercial bank Savings NO Savings FI/SE Mortgages NO Scaling Mortgages Credit Cards DE Scaling Credit Cards DE Consumer loans NO/FI Consumer loans SE Sales f
Slide 20: Financials | Guiding as per Q1-26
Financials | Guiding as per Q1-26 Outlook 2026 Strategic ambition mid-term PROFIT AFTER TAX 160-185 mill. > 400 mill. Strong improvement in profits Among the better Proof of Success ROE ~ 15 % > 20 % Strong improvement in performance Among the better Proof of Success GROSS LOANS > 11.5 Bn > 18.0 Bn
Slide 21: Key value propositions | The Nordic Challenger Bank
Key value propositions| The Nordic Challenger Bank A dynamic and innovative challenger bank with a solid Continued strong growth in gross loans at attractive 1 market position, a customer-centric approach, and 4 margins significant growth potential in the fintech sector Lean operational platform and
Slide 22: Thank you for your attention
Thank you for your attention Continue to see lists of management, board of directors, share holders, income statement and balance sheet.
Slide 23: Management | Experienced and competent
Management | Experienced and competent ROBERT BERG | CHIEF EXECUTIVE OFFICER JØRGEN RUI | CHIEF MARKETING OFFICER Berg is one of the Co-founders who established Instabank in 2016 . Prior to that he has Rui was recruited to the Instabank team in 2020. He has previously served as Director for been CEO
Slide 24: Board of directors | Seasoned and diligent
Board of directors | Seasoned and diligent THOMAS BERNTSEN | CHAIR PERSON ODD HARALD HAUGE | BOARD MEMBER Berntsen is the owner, chairman and managing partner in F2 Management. Hauge is an investor, consultant and author. He is the founder of Nettavisen where he Furthermore, he is the chairman of th
Slide 25: Gross lending portfolio | Transparent and simple
Gross lending portfolio| Transparent and simple Gross Loans # Customers Avg Ticket Size Yield Mortgages First or second priority mortgages for refinancing of 3,862’’ 3,406 1,134’ 8.2 % unsecured debt or house improvements Consumer Loans Unsecured loans offered in Norway, Finland and 3,046’’ 29,092 1
Slide 26: Deposits volumes | Diversified funding
Deposits volumes | Diversified funding Volume # Customers Avg. Deposit Size Avg. deposit rate Norway 4,970’’ 27,640 180’ 4.4 % Germany 3,841’’ 23,896 161’ 2.2 % Finland 67’’ 3,269 20’ 1.3 % Sweden 1’’ 188 6’ 0.5 % Total 8,879’’ 54,993 161’ 3.4 %
Slide 27: The share | Oslo Euronext Growth, ticker INSTA
The share | Oslo Euronext Growth, ticker “INSTA” Top 20 shareholders (Per May, 6th, 2026) Share price development (last 12 months) # Shareholders # of shares % 1 KISTEFOS AS 110,304,326 24.4% 2 HODNE INVEST AS 40,995,184 9.1% 3 VELDE HOLDING AS 32,000,000 7.1% 4 BIRKELUNDEN INVESTERINGSSELSKAP AS 24
Slide 28: Income statement & Balance sheet | Overview
Income statement & Balance sheet | Overview INCOME STATEMENT (NOK THOUSAND) BALANCE SHEET (NOK THOUSAND) P&L Q1-26 FY 2025 Q4-25 Q3-25 Q2-25 Q1-25 Balance Sheet 31.03.26 31.12.25 30.09.25 30.06.25 31.03.25 Total income: Assets Interest Income 235,770 856,721 243,630 223,537 202,345 187,208 Loans and
Slide 29: Instabank is the Nordic challenger bank for corporate and private customers
Instabank is the Nordic challenger bank for corporate and private customers. Founded in 2016.