Sparebank 1 Ostlandet · OSL:SPOL
Sparebank 1 Ostlandet — Q4 2025 Earnings Presentation
53 slides from Sparebank 1 Ostlandet's earnings presentation, Feb 13, 2026
Slide 1: 4Q Quarterly presentation
4Q Quarterly presentation Fourth quarter 2025
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although SpareBank 1 Østlandet believes that the expectations reflected in such forward-looking statements are reasonabl
Slide 3: 4Q: Solid profitability
4Q: Solid profitability Return on equity (%) • A solid quarter, return on equity of 13.3 %. • A slight decline in net interest income, reflecting strong competition in the market for both residential and corporate loans. Lending growth was also somewhat lower than in previous quarters. The Bank plac
Slide 4: Strong year, meeting financial targets
Strong year, meeting financial targets > 13 % > 50 % 15.9 %** Return on equity, % Cash dividend and dividend share, NOK and % CET-1 ratio, % 4 ivi en per ivi en share * Pending approval in the Supervisory Board on 26 March 2026. ** Solvency target is capital adequacy corresponding to regulatory requ
Slide 5: Community through ownership
Community through ownership Long-term ownership through the savings bank foundations «Profits to share» «Carrying forward the legacy of Toten Sparebank” Distributed in 2025: 206 MNOK Distributed in 2025: 40 MNOK Receives 767 MNOK in dividends for 2025 Receives 149 MNOK in dividends for 2025 Figures
Slide 6: Profits to the community
Profits to the community Customer dividend since 2017 2.889 MNOK Board propses customer dividend in 2025 of 582 MNOK
Slide 7: Building communities
Building communities Secure finances / Strong communities / Robustness Foto: Alexander Lentille Solidarity Fund: Together with NIF and SpareBank 1 SMN to ensure more people can be part of community activities Speed Breeding: Together with the Norwegian Agricultural Secure Anti-Fraud Excellence Cente
Slide 8: Macro backdrop is improving
Macro backdrop is improving Activity in market area has been lower than elsewhere in Norway, due to rate rate-sensitive sectors including construction. Still only a moderate rise in unemployment and bankruptcies. Activity in housing market is high. Norges Banks regional indicators Number of bankrupt
Slide 9: Retail market: Intensifying competition
Retail market: Intensifying competition Proforma excl. margins The Bank defended its position in the quarter, in a market characterized by very strong competition and increasing margin pressure. Overall, 2025 was a very good year, with higher market shares, particularly in the capital region. Loan v
Slide 10: Strong results from bold strategic initiatives
Strong results from bold strategic initiatives
Slide 11: Corporate market: Moderate activity levels
Corporate market: Moderate activity levels Proforma excl. margins Growth remains mo erate, an the Bank’s loan portfolio is stable ustomer satisfaction in the corporate market ivision is very high, positioning the Bank for when conditions improve. Work on other income streams is progressing well. Loa
Slide 12: Very strong development in commission income
Very strong development in commission income Rentebildet skjerper fokuset på breddesalg. Utviklingen i bankens provisjonsinntekter er sterk både på person og bedriftsmarkedet. I tillegg fortsetter den nyfusjonerte eiendomsmegleren å levere sterke tall. Selected commission income, 4 qrt. rolling sum,
Slide 13: We are the bank of and for LO
We are the bank of and for LO Relationship with trade union increases the bank's visibility, provides strong volume growth, and gives the bank the chance to talk to large customer groups about personal finances. Share of retail loans Share new loans, volume , , , , Share new loans, 18-33 yrs Share n
Slide 14: Satisfied customer and strong customer relations
Satisfied customer and strong customer relations SpareBank 1 Østlandet is best of the large banks in this year’s EPSI customer satisfaction survey for the retail market. EPSI (SATISFACTION) – STRONG RESULTS IN 2025 BANK SURVEY STRONG CUSTOMER RELATIONS (KRI) IN 2025 Bul er 0-35 76-100 36-49 50-64 65
Slide 15: Together we develop Eastern Norway
Together we develop Eastern Norway
Slide 16: Our ambition is to have an attractive equity capital certificate
Our ambition is to have an attractive equity capital certificate 16
Slide 17: Several dimensions when increasing profitability
Several dimensions when increasing profitability Cost efficiency will become more important going forward > 13 % Cost focus and internal efficiency Customer focus Good ALM and increased income
Slide 18: Revised financial targets
Revised financial targets > 13 % < 40 % > 50 % 15.9 % Profitability Costs* Dividends Solvency * Excl. costs related to merger. 18
Slide 19: Cost efficiency can improve in many ways
Cost efficiency can improve in many ways The bank aims for the Group’s cost level in not to excee the costs of . This will be achieved through various operational changes, including changes to the branch network and the customer service center, reduced procurement, as well as lower staffing levels,
Slide 20: 4Q Financial accounts
4Q Financial accounts Fourth quarter 2025 20
Slide 21: Income statement
Income statement Proforma Chg. in operating profit after tax (NOK mill.), from previous quarter Chg. in operating profit after tax (NOK mill.), from last year Net interest Net Net profit Total Impairment on Tax expense Net interest Net Net profit Total Impairment on Tax expense income commisions fro
Slide 22: Net interest income
Net interest income Proforma The Bank’s interest rate changes in eptember took full effect for existing resi ential mortgage customers from November. Net interest income incl. commissions from covered bond companies (MNOK and %) , , , , , , Net interest income , , ommission fees from covere bon comp
Slide 23: Commission income
Commission income Proforma The gain from the sale of Youngstorget 5 AS contributed to an increase in other income of NOK 163 million. Net commissions and other income (NOK million) ommission income from cre it car s ayment services ommissions from insurance ommissions from savings ommission from rea
Slide 24: Profits in subsidiaries
Profits in subsidiaries Proforma A decline in the result in SB1 Finans Østlandet related to an impaired exposure. Merger costs of NOK 3.7 million were recognised in EM1 Profits after tax in subsidiaries (NOK million) Østlandet in 4Q-25. parebank inans stlan et A Totens Boligkre itt A ien omsMegler s
Slide 25: Profits in joint ventures
Profits in joint ventures Profits after tax in joint ventures (NOK million) pareBank Gruppen A Group pareBank orvaltning A pareBank Boligkre itt A pareBank N ringskre itt A re ittbanken A A pareBank Betaling A BN Bank A A ther ventures 25
Slide 26: Net income from financial assets and liabilities
Net income from financial assets and liabilities Proforma Net income from finance (NOK million) ivi en s from shares an other e uity instruments hare of profit or loss of associates an oint ventures Net profit from other financial assets an liabilities 26
Slide 27: Operating expenses
Operating expenses Proforma A quarter characterised by merger costs and other one-off items, as well as an underlying increase in ICT expenses. Operating expenses (NOK million) , , , , , , , , , ersonnel expenses epreciation amortisation I T expenses Marketing expenses perating expenses real estate
Slide 28: Operating expenses
Operating expenses Proforma Changes in operating expenses (NOK million), from last year Quarterly cost income ratios arent bank inans M orretnings ther stlan et stlan et artner changes arent bank, excl financial items Group 28
Slide 29: Loan loss provisions
Loan loss provisions Proforma Impairment losses are mainly related to exposures in the construction sector. Quarterly loan loss provisions , , , , , , , , etail market , orporate market pareBank inans stlan et hange in mo el base loss provisions hange in ivi ual loss provisions Net write offs N mill
Slide 30: Exposures per stage and credit loss provision ratio in stage 3
Exposures per stage and credit loss provision ratio in stage 3 Exposure by stages (% of gross loans)* Loans in Stage 3 (NOK mill.) , , , , , tage H tage H tage H rovisions for cre it losses Gross loans re it loss provision ratio * Excluding loans transferred to covered bond companies. Residual up to
Slide 31: A solid loan portfolio
A solid loan portfolio Credit indicators remain stable, confirming a solid loan portfolio. Share of retail customers with interest-only mortgage, %* Arrears retail market, NOK mill.** , , , , , , Arrears ver raws ays ays Arrears in of gross loans Use of corporate credit facilities (parent bank)* LTV
Slide 32: Capital levels
Capital levels Common equity Tier 1 capital ratio T capital ratio Tier capital ratio apital a e uacy ratio everage atio e uirement per ommon e uity Tier capital ratio Management buffer e uirements 32
Slide 33: Why invest in SPOL?
Why invest in SPOL? UNCOMPLICATED \/, Uncomplicated bank | [ | — BRAND — O Strong and distinct brand with low credit risk with high customer satisfaction SOLID Solid bank with significant growth / \ capacity ~~) SUSTAINABILITY Recognised and clear driver of sustainable transition PROFITABLE High ear
Slide 34: Contact details
Contact details investor@sb1ostlandet.no Klara-Lise Aasen CEO klara-lise.aasen@sb1ostlandet.no Geir-Egil Bolstad CFO +47 918 82 071 geir-egil.bolstad@sb1ostlandet.no Bjørn-Erik R. Orskaug Head of Investor Relations +47 922 39 185 bjorn-erik.orskaug@sb1ostlandet.no 34
Slide 35: Appendix
Appendix 35
Slide 36: Good feedback on our work on CSR
Good feedback on our work on CSR 36
Slide 37: Headcount
Headcount Full-time equivalents in parent bank and subsidiaries , , , , , pareBank inans stlan et A ien omsMegler Innlan et A ien omsMegler stlan et A pareBank orretnings artner stlan et pareBank stlan et A * EM1 Innlandet and EM1 Oslo/Akershus merged with accounting effect on January 1, 2025. In th
Slide 38: Group volumes and margin development
Group volumes and margin development Proforma excl. margins Loan volume and growth (NOK bill. and %)* Deposit volume and growth (NOK bill. and %) Margins, parent bank (%)** 4 Gross len ing group mth growth Gross len ing group mth growth en ing margin eposit margin * Includes loans transferred to the
Slide 39: Well diversified loan portfolio
Well diversified loan portfolio Lending to customers per sector (in %) Corporate market Hotel an restaurants 27.7 % / 66,080 Transport an communication ower an water supply ther holesale an retail tra e Buil ing an constructions ommercial services ublic sector rimary in ustries eal estate incl B N r
Slide 40: The Group's lending by geography
The Group’s lending by geography Lending to customers per county (share in %/NOK million) Change last 12 months (%) Inlan , slo , Akershus , ther areas , 40
Slide 41: Mortgage loans by geography
Mortgage loans by geography Retail lending by county (share in %/NOK million) Change last 12 months (%) Inlan , , slo , , Akershus , , estlan Tr n elag ther areas estfol ther areas , , M re og oms al ogalan Buskeru stfol 41
Slide 42: Corporate market lending by geography
Corporate market lending by geography Corporate lending by county (share in %/NOK million) Change last 12 months (%) Inlan , slo , Akershus , ther areas , 42
Slide 43: Rate sensitive volume
Rate sensitive volume Loans and deposits, NOK bill. Securities, NOK bill.* Gross loans excl overe bon s Nibor linke an ecurities isse , own balance loans sheet Nibor linke i ui ity loans portfolio oans in subsi iaries eposits excl Nibor linke Nibor linke eposits * Covered bonds refer to loans transf
Slide 44: Retail: Indicators of underlying credit quality
Retail: Indicators of underlying credit quality Retail customers with interest-only mortgage* Arrears retail market, NOK mill.** , , , , , , * Based on numbers for parent bank excl. Toten. ** Does not include loans transferred to SpareBank 1 Boligkreditt. 44
Slide 45: Retail: Mortgage collateral
Retail: Mortgage collateral Share of LTV by exposure – retail mortgages* Share of lending according to LTV - retail mortgages* n er T T T ver T * Including loans transferred to SpareBank 1 Boligkreditt. 45
Slide 46: Stable low LTVs in new mortgage approvals
Stable low LTVs in new mortgage approvals Share of new mortgage approvals and average LTV per period and county (Inland county divided b/w old Hedmark and Oppland counties) Oslo Akershus Hedmark Oppland Other hare of new mortgage approvals volume Average T at the time of approval ast ast ast ast ast
Slide 47: Corporate: Indicators of underlying credit quality
Corporate: Indicators of underlying credit quality Use of corporate credit facilities (parent bank)* Corp. arrears below 90 days (NOK mill.)* , , , , se of operating cre it facility Annual average Arrears ver raws ays ays Arrears in of gross loans * Based on numbers for parent bank excl. Toten portf
Slide 48: CRE: Attractive, diversified portfolio
CRE: Attractive, diversified portfolio 98 % of tenants have contracts that are 100 % indexed (to CPI). * Rental space attractivity Geographical distribution of rental space LTV for CRE portfolio Acceptable slo Normal Inlan entral Akershus Best ther 4 Share of rental space according to type Share of
Slide 49: CRE: Solid collateral
CRE: Solid collateral Loan portfolio is well positioned for higher yields in the commercial real estate market. Share of LTV by exposure – CRE* Share of lending according to LTV – CRE* * Based on numbers for parent bank excl. Toten portfolio, with exposures of at least NOK 10 mill. 49
Slide 50: Projects: Low activity for building projects
Projects: Low activity for building projects Required pre-sales normally 60 %, depending for example on equity, experience and complexity. Loans to real estate projects, building and construction, NOK bill.* Draw on construction loans, volume-weighted, share in %, * , , , , , , , , , , , , , , , , ,
Slide 51: Profit allocation for 2025
Profit allocation for 2025 In line with dividend policy, for owners and society (through primary capital) ILLUSTRATION Gifts and donations Profit after controlling interest The foundations NOK 3,377 mill. Totens Sparebank- Sparebank- stiftelsen stiftelse Hedmark Owners Primary capital NOK 149 mill.
Slide 52: SPOL
SPOL Price development (dividend adjusted), index = 100 pr 31 Dec-23 ratio issue , , , , , , an Mar Mai ul ep Nov an Mar Mai ul ep Nov Market price N B Market capitalisation N million , , , Book e uity per Turnover and SPOL price, monthly arnings per , N rice arnings per rice book e uity 1) SpareBan
Slide 53: Together we develop Eastern Norway
Together we develop Eastern Norway
Sparebank 1 Ostlandet — Q4 2025 Earnings Presentation on 6ix