Sparebank 1 Smn · OSL:MING
Sparebank 1 Smn — Sparebank 1 Smn Prim Cap — Q4 2025 Earnings Presentation
66 slides from Sparebank 1 Smn's earnings presentation, Feb 12, 2026
Slide 1: Fourth quarter report 2025
Fourth quarter report 2025 Bank Eiendom Regnskap SpareBank 4 SMN
Slide 2: Contents
Contents Main figures 3 Report of the Board of Directors 5 Income statement 16 Balance sheet 18 Cash flow statement 20 Statement of changes in equity 22 Notes 26 Results from quarterly accounts 61 Key figures from quarterly accounts 62 Equity capital certificates 64 Foto forside: Eidsvatnet i Eidsda
Slide 3: Main figures
3 Main figures SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | MAIN FIGURES January - December 4th quarter From the income statement (NOKm) 2025 2024 2025 2024 Net interest 5,343 5,373 1,349 1,372 Net commission income and other income 2,602 2,392 605 580 Net return on financial investments 1,123 1,357 30
Slide 4: Key figures
4 Key figures SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | MAIN FIGURES January - December 4th quarter 2025 2024 2025 2024 Solidity 31/12/2025 31/12/2024 Profitability 1) Capital ratio 20.8 % 22.8 % Return on equity 14.8 % 16.6 % 13.7 % 14.4 % Tier 1 capital ratio 18.5 % 20.2 % Cost-income ratio (Group
Slide 5: Report of the Board of Directors
5 Report of the Board of Directors SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | REPORT OF THE BOARD OF DIRECTORS Fourth quarter 2025 Preliminary annual accounts 2025 (Consolidated figures. Figures in brackets refer to the corresponding period in 2024 unless (Consolidated figures. Figures in brackets re
Slide 6: Events in the quarter
6 Events in the quarter SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | REPORT OF THE BOARD OF DIRECTORS Macro weights for the corporate sector and expand the calculation basis. The net effect of In December 2025, the Norwegian central bank (Norges Bank) kept its base rate discontinuation of the temporary
Slide 7: Fourth quarter results
7 Fourth quarter results 2025 2024 Profit for the year, Group 4.367 4.591 The fourth quarter of 2025 was a good quarter for SpareBank 1 SMN, with a profit of NOK SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | REPORT OF THE BOARD OF DIRECTORS 1,061 million driven by increased net interest income, robust c
Slide 8: Return on financial investments
8 Three-month NIBOR averaged 4.18 per cent in the fourth quarter, down 0.10 percentage Return on financial investments points quarter-on-quarter. SpareBank 1 SMN announced an interest rate cut of up to The return on financial instruments totalled NOK 11 million (NOK 40 million) in the quarter. 0.25
Slide 9: Alliance companies
9 The SpareBank 1 Alliance Kredittbanken provides unsecured financing to the retail market. The company’s fourth- The SpareBank 1 Alliance is Norway’s second-largest financial group. The alliance is a quarter profit was NOK 15 million (minus NOK 25 million). banking and product collaboration which a
Slide 10: Operating expenses
10 Operating expenses Losses on loans and guarantees The Group targets a cost-income ratio below 40 per cent for the bank and below 85 per The Group’s losses on loans and guarantees totalled NOK 61 million (NOK 30 million) in the SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | REPORT OF THE BOARD OF DIREC
Slide 11: Results from business areas
11 Results from business areas The distribution model has been improved through co-location in investment banks, a transition from personal advisers to customer teams, and closer coordination of physical In the SpareBank 1 SMN Group, Retail Banking, Corporate Banking and significant and digital advi
Slide 12: Corporate market
12 Corporate market SpareBank 1 Regnskapshuset SMN is the market leader in Trøndelag and Møre og Romsdal counties. The company achieved a pre-tax profit of NOK 3 million (minus NOK 3 The bank’s corporate division achieved a pre-tax profit of NOK 531 million (NOK 537 million). SPAREBANK 1 SMN | FOURT
Slide 13: Year-to-date (31 December 2025)
13 Year-to-date (31 December 2025) Lending growth in the Group was 3.8 per cent (5.5 per cent) over the past 12 months. Loans to retail customers were up 4.7 per cent, while loans to corporate clients rose by 2.3 per SpareBank 1 SMN achieved a profit of NOK 4,367 million (NOK 4,591 million), and a r
Slide 14: Balance sheet, funding and liquidity
14 Corporate deposits decreased by NOK 3.4 billion in the quarter (growth of NOK 1.7 billion), requirement must be covered by CET1 capital, while 75 per cent must be covered by Tier 1 corresponding to a decrease of 4.6 per cent (growth of 2.5 per cent). Deposit growth over capital. Finanstilsynet ha
Slide 15: Outlook
15 Outlook SpareBank 1 SMN delivered a strong performance in 2025, driven by robust underlying SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | REPORT OF THE BOARD OF DIRECTORS operations, low losses and strong profit contributions from ownership interests. The Group is achieving its financial targets, wit
Slide 16: Income statement
Income statement 16 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | INCOME STATEMENT Parent bank Group 4th quarter January - December January - December 4th quarter 2024 2025 2024 2025 (NOKm) Note 2025 2024 2025 2024 2,828 2,703 11,122 11,072 Interest income effective interest method 11,644 11,685 2,853 2
Slide 17: Other comprehensive income
17 Other comprehensive income SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | INCOME STATEMENT Parent bank Group 4th quarter January - December January - December 4th quarter 2024 2025 2024 2025 (NOKm) Note 2025 2024 2025 2024 744 704 3,283 3,718 Net profit 4,367 4,591 1,061 1,052 - - - - Items that will
Slide 18: Balance sheet
18 Balance sheet SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | BALANCE SHEET Parent bank Group 31/12/2024 31/12/2025 (NOKm) Note 31/12/2025 31/12/2024 654 56 Cash and receivables from central banks 56 654 19,785 13,317 Deposits with and loans to credit institutions 2,226 9,166 166,312 170,059 Net loans
Slide 19: Balance sheet
19 Parent bank Group SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | BALANCE SHEET 31/12/2024 31/12/2025 (NOKm) Note 31/12/2025 31/12/2024 13,940 9,584 Deposits from credit institutions 9,584 13,941 141,485 146,778 Deposits from and debt to customers 9 146,165 140,897 36,570 29,121 Debt created by issue o
Slide 20: Cash flow statement
20 Cash flow statement SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | CASH FLOW STATEMENT Parent bank Group January - December January - December 2024 2025 (NOKm) 2025 2024 −9,987 −3,904 Decrease/(increase) loans to customers −4,448 −10,458 10,324 10,386 Interest receipts from loans to customers 11,034 1
Slide 21: Cash flow statement
21 7,589 3,535 Debt raised by issuance of covered bonds 3,535 7,589 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | CASH FLOW STATEMENT −4,820 −9,325 Repayment of issued covered bonds −9,325 −4,820 −1,430 −1,480 Interest payment on covered bonds issued −1,480 −1,430 900 100 Debt raised by issuance of subo
Slide 22: Statement of changes in equity
22 Statement of changes in equity SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | STATEMENT OF CHANGES IN EQUITY Parent bank (2025) Issued equity Earned equity Un-reali- Premium Ownerless Equalisation Dividend sed gains Additional (NOKm) EC capital fund capital fund and gifts reserve Other equity Tier 1 C
Slide 23: Statement of changes in equity
23 Parent bank (2024) SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | STATEMENT OF CHANGES IN EQUITY Issued equity Earned equity Un-reali- Premium Ownerless Equalisation Dividend sed gains Additional (NOKm) EC capital fund capital fund and gifts reserve Other equity Tier 1 Capital Total equity Equity at 1
Slide 24: Statement of changes in equity
24 Group (2025) Attributable to parent company equity holders SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | STATEMENT OF CHANGES IN EQUITY Issued equity Earned equity Un-reali- Additio- Premium Ownerless Equalisati- Dividend sed gains Other nal Tier 1 Total (NOKm) EC capital fund capital on fund and gif
Slide 25: Statement of changes in equity
25 Group (2024) Attributable to parent company equity holders SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | STATEMENT OF CHANGES IN EQUITY Issued equity Earned equity Un-reali- Additio- Premium Ownerless Equalisati- Dividend sed gains Other nal Tier 1 Total (NOKm) EC capital fund capital on fund and gif
Slide 26: Notes
SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Notes Note 1: Accounting principles 27 Note 2: Critical estimates and assessment concerning the use of accounting principles 28 Note 3: Operating segments 30 Note 4: Capital adequacy 33 Note 5: Distribution of loans by sector/indu
Slide 27: Note 1: Accounting principles
27 Note 1: Accounting principles SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS SpareBank 1 SMN prepares and presents its quarterly accounts in compliance with the Stock Exchange Regulations, Stock Exchange Rules and International Financial Reporting Standards (IFRS) approved
Slide 28: Note 2: Critical estimates and assessment concerning the use of accounting principles
28 Note 2: Critical estimates and assessment concerning the use of accounting principles SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS When it prepares the consolidated accounts the management team makes estimates, partly driven by significant international trade barriers. Th
Slide 29: Note 2: Critical estimates and assessment concerning the use of accounting principles
29 estimated PD levels during the simulation period (increased), and calibration of estimated LGD levels during the simulation period (reduced). In addition, the introduction of the new PD-related criterion for classification to stage 2 has, as expected, increased the calculated impairment level. SP
Slide 30: Note 3: Operating segments
30 Note 3: Operating segments SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS For the subsidiaries the figures refer to the respective company accounts, while for joint ventures incorporated by the equity method the Group’s profit share is stated, after tax. Group (4th quarter
Slide 31: Note 3: Operating segments
31 Group (2025) Corporate SB 1 Finans SB 1 Regnskapshuset SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Income statement (NOKm) Retail market market EM 1 MN SMN Other Uncollated Total Net interest 1,868 2,314 2 558 4 - 597 5,343 Interest from allocated capital 420 329 - - - -
Slide 32: Note 3: Operating segments
32 4th quarter January - December 1) Specification of other (NOKm) 2025 2024 2025 2024 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS SpareBank 1 Gruppen 137 99 446 226 Gain from Fremtind/Eika merger - - - 452 SpareBank 1 Boligkreditt 23 24 105 129 SpareBank 1 Næringskreditt 2
Slide 33: Note 4: Capital adequacy
33 Note 4: Capital adequacy SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Capital adequacy is calculated and reported in accordance with the EU capital requirements regulations for banks and investment firms (CRR/CRD). SpareBank 1 SMN utilises the Internal Rating Based Approa
Slide 34: Note 4: Capital adequacy
34 Parent bank Group SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS 31/12/2024 31/12/2025 (NOKm) 31/12/2025 31/12/2024 25,898 26,695 Total book equity 31,865 30,523 -1,943 -1,900 Additional Tier 1 capital instruments included in total equity -1,996 -2,039 -771 -753 Deferred ta
Slide 35: Risk weighted assets (RWA)
35 Parent bank Group 31/12/2024 31/12/2025 (NOKm) 31/12/2025 31/12/2024 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Risk weighted assets (RWA) 17,015 19,214 Specialised enterprises 21,884 20,514 12,252 15,045 Corporate 15,677 12,422 21,185 22,949 Mass market exposure, prope
Slide 36: Capital Buffers
36 Capital Buffers 2,348 2,558 Capital conservation buffer, 2.5 per cent 3,482 3,066 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS 4,179 4,554 Systemic risk buffer, 4.45 per cent 6,184 5,444 2,348 2,558 Countercyclical buffer, 2.5 per cent 3,482 3,066 8,874 9,671 Total buffer
Slide 37: Note 5: Distribution of loans by sector/industry
37 Note 5: Distribution of loans by sector/industry SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 31/12/2024 31/12/2025 (NOKm) 31/12/2025 31/12/2024 13,029 13,190 Agriculture and forestry 13,752 13,519 6,055 6,150 Fisheries and hunting 6,177 6,085 3,835 3,82
Slide 38: Note 6: Losses on loans and guarantees
38 Note 6: Losses on loans and guarantees SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank January - December 4th quarter 2025 2024 2025 2024 (NOKm) RM 1) CM 1) Total RM 1) CM 1) Total RM 1) CM 1) Total RM 1) CM 1) Total Change in provision for expected credit losses
Slide 39: Note 7: Provisions for losses on loans and guarantees
39 Note 7: Provisions for losses on loans and guarantees SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank (NOKm) 01/01/2025 1) Change in provision Net write-offs /recoveries 31/12/2025 Loans as amortised cost (CM) 718 46 -40 724 Loans as amortised cost (RM) 27 0 -2 2
Slide 40: Note 7: Provisions for losses on loans and guarantees
40 Group (NOKm) 01/01/2025 1) Change in provision Net write-offs /recoveries 31/12/2025 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Loans as amortised cost (CM) 780 52 -43 790 Loans as amortised cost (RM) 48 2 -2 47 Loans at fair value over OCI (RM) 97 -2 - 95 Loans at fair
Slide 41: Accrual for losses on loans
41 Accrual for losses on loans SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank 31/12/2025 31/12/2024 (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail market Opening balance 1) 22 53 44 119 38 95 45 179 Transfer to (from) stage 1 7 -7 -0 - 16
Slide 42: Accrual for losses on loans
42 Group 31/12/2025 31/12/2024 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail market Opening balance 1) 28 66 45 139 46 111 46 204 Transfer to (from) stage 1 10 -9 -0 - 19 -19 -1 - Transfer to (from) sta
Slide 43: Accrual for losses on guarantees and unused credit lines
43 Accrual for losses on guarantees and unused credit lines SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank and Group 31/12/2025 31/12/2024 (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Opening balance 26 26 50 102 18 27 8 53 Transfer to (from)
Slide 44: Provisions for credit losses specified by industry
44 Provisions for credit losses specified by industry SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank 31/12/2025 31/12/2024 (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Agriculture and forestry 2 43 36 81 2 49 28 80 Fisheries and hunting 6 47 5
Slide 45: Provisions for credit losses specified by industry
45 Group 31/12/2025 31/12/2024 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Agriculture and forestry 2 45 37 85 3 51 29 83 Fisheries and hunting 6 47 5 57 9 65 18 92 Sea farming industries 15 3 12 30 8 2 2 11
Slide 46: Note 8: Gross loans
46 Note 8: Gross loans SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank 31/12/2025 31/12/2024 (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail Market Opening balance 1) 80,631 3,410 736 84,777 90,901 4,553 725 96,178 Transfer to stage 1 771 -
Slide 47: Note 8: Gross loans
47 Group 31/12/2025 31/12/2024 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail Market Opening balance 1) 86,807 4,358 855 92,021 96,963 5,474 825 103,263 Transfer to stage 1 1,020 -998 -22 - 1,229 -1,193
Slide 48: Note 9: Distribution of customer deposits by sector/industry
48 Note 9: Distribution of customer deposits by sector/industry SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 31/12/2024 31/12/2025 (NOKm) 31/12/2025 31/12/2024 2,638 2,805 Agriculture and forestry 2,805 2,638 1,658 2,004 Fisheries and hunting 2,004 1,658 1,
Slide 49: Note 10: Net interest income
49 Note 10: Net interest income SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 4th quarter January - December January - December 4th quarter 2024 2025 2024 2025 (NOKm) 2025 2024 2025 2024 Interest income Interest income from loans to and claims on central ban
Slide 50: Note 11: Net commission income and other income
50 Note 11: Net commission income and other income SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 4th quarter January - December January - December 4th quarter 2024 2025 2024 2025 (NOKm) 2025 2024 2025 2024 Commission income 19 19 73 80 Guarantee commission 8
Slide 51: Note 12: Operating expenses
51 Note 12: Operating expenses SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 4th quarter January - December January - December 4th quarter 2024 2025 2024 2025 (NOKm) 2025 2024 2025 2024 66 85 338 400 IT costs 478 410 104 83 26 13 84 69 Marketing 89 104 17 30
Slide 52: Note 13: Net return on financial investments
52 Note 13: Net return on financial investments SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 4th quarter January - December January - December 4th quarter 2024 2025 2024 2025 (NOKm) 2025 2024 2025 2024 Valued at fair value through profit and loss -187 -2 -2
Slide 53: Note 14: Other assets
53 Note 14: Other assets SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 31/12/2024 31/12/2025 (NOKm) 31/12/2025 31/12/2024 - - Deferred tax asset 2 1 188 187 Fixed assets 289 290 297 249 Right-of-use assets 423 447 187 114 Earned income not yet received 138 2
Slide 54: Note 15: Other liabilities
54 Note 15: Other liabilities SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Parent bank Group 31/12/2024 31/12/2025 (NOKm) 31/12/2025 31/12/2024 202 197 Deferred tax 305 290 958 966 Tax payable 1,066 1,042 30 33 Wealth tax 33 30 178 95 Accrued expenses and received, non-accru
Slide 55: Note 16: Debt created by issue of securities and subordinated debt
55 Note 16: Debt created by issue of securities and subordinated debt SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Group Fallen due/ Other Change in securities debt (NOKm) 01/01/2025 Issued Redeemed changes 31/12/2025 Bond debt, nominal value 37,204 77 6,974 -801 29,505 Valu
Slide 56: Note 17: Measurement of fair value of financial instruments
56 Note 17: Measurement of fair value of financial instruments SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Financial instruments at fair value are classified at various levels. Group’s assets and liabilities at 31 December 2025: Level 1: Valuation based on quoted prices in
Slide 57: Changes in instruments classified in level 3
57 Changes in instruments classified in level 3 as at 31 December 2025: Equity instruments through Loans recognised SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS (NOKm) P&L Fixed interest loans through FV OCI Total Opening balance 663 10,468 92,738 103,870 Additions in the pe
Slide 58: Valuation method
58 Valuation method Financial derivatives (level 2) Financial derivatives at level 2 include for the most part currency futures and interest The valuation method applied is adapted to each financial instrument, and is intended to SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS
Slide 59: Note 18: Liquidity risk
59 Note 18: Liquidity risk SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS Liquidity risk is the risk that the Group will be unable to refinance its debt or to finance asset increases. Liquidity risk management starts out from the Group’s overall liquidity strategy which is rev
Slide 60: Note 19: Earnings per ECC
60 Note 19: Earnings per ECC SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | NOTES TO QUARTERLY ACCOUNTS ECC owners share of profit have been calculated based on net profit allocated in accordance to the average number of certificates outstanding in the period. There is no option agreements in relation to
Slide 61: Results from quarterly accounts
61 Results from quarterly accounts SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | RESULTS FROM QUARTERLY ACCOUNTS 4Q 3Q 2Q 1Q 4Q 3Q 2Q 1Q 4Q Group (NOKm) 2025 2025 2025 2025 2024 2024 2024 2024 2023 Interest income effective interest method 3,306 3,417 3,494 3,401 3,483 3,469 3,325 3,283 3,297 Interest e
Slide 62: Key figures from quarterly accounts
62 Key figures from quarterly accounts SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | KEY FIGURES FROM QUARTERLY ACCOUNTS 4Q 3Q 2Q 1Q 4Q 3Q 2Q 1Q 4Q Group (NOKm) 2025 2025 2025 2025 2024 2024 2024 2024 2023 Profitability Return on equity per quarter 1) 13.7 % 15.9 % 16.2 % 14.0 % 14.4 % 21.0 % 15.4 % 16.
Slide 63: Key figures ECC
63 4Q 3Q 2Q 1Q 4Q 3Q 2Q 1Q 4Q Group (NOKm) 2025 2025 2025 2025 2024 2024 2024 2024 2023 SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | KEY FIGURES FROM QUARTERLY ACCOUNTS Key figures ECC ECC share price at end of period (NOK) 206.05 193.66 193.94 182.76 171.32 153.46 151.12 137.80 141.80 Number of certif
Slide 64: Equity capital certificates
64 Equity capital certificates SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | EQUITY CAPITAL CERTIFICATES Stock price compared with OSEBX and OSEEX 20 largest ECC holders No. Of ECCs Holding 1 January 2024 to 31 December 2025 Sparebankstiftinga Søre Sunnmøre 10,471,224 7.26% Sparebankstiftelsen SMN 7,420
Slide 65: Dividend policy
65 Dividend policy SpareBank 1 SMN aims to manage the Group’s resources in such a way as to provide equity SPAREBANK 1 SMN | FOURTH QUARTER | 2025 | EQUITY CAPITAL CERTIFICATES certificate holders with a good, stable and competitive return in the form of dividend and a rising value of the bank’s equ
Slide 66: SpareBank 1 SMN Søndre gate 4 7011 Trondheim
SpareBank 1 SMN Søndre gate 4 7011 Trondheim Company number: NO 937901003 Switchboard: 915 03900 E-mail: ir@smn.no
Sparebank 1 Smn Prim Cap — Q4 2025 Earnings Presentation on 6ix