Sparebank 1 Nord-norge · OSL:NONG
Sparebank 1 Nord-norge — Q1 2026 Earnings Presentation
52 slides from Sparebank 1 Nord-norge's earnings presentation, May 7, 2026
Slide 1: Quarterly Report 1Q 2026
Quarterly Report 1Q 2026 Tromsø, May 7th 2026 Hanne Karoline Kræmer, CEO Bengt Olsen, CFO
Slide 2: Financial highlights first quarter
Financial highlights first quarter
Slide 3: Financial Results
Financial Results Return on equity Cost/income Group 18.7% 175% 20202 1021 173% 2022 WA% 2023 168% 2024 162% 165% 2025 31.03.26 126% 2020 18.1% 2021 164% 19% 2022 ©2023 218% 2024 40.0% 181% 149% 2025 31.03.26 2020 40.6% 40.3% 35.0% 35.3% 32.5% 30.2% 2021 2022 «2023 «2024 «= 2025 31/03/26 SpareBank N
Slide 4: Three years in a row on the podium for SNN!
Three years in a row on the podium for SNN!
Slide 5: Updated Long Term Financial Targets
Updated Long Term Financial Targets < 35 % C/I ratio > 14 % > 50 % ROE Dividend payout ratio 15,56 % CET1 ratio
Slide 6: Outlook
C1) Outlook 2. Financial status 3 Appendix
Slide 7: Total defence year – investments needed in the North
Total defence year – investments needed in the North
Slide 8: NOK 850 billion allocated across 3,300 projects over the next eight years
NOK 850 Billion allocated across 3,300 projects over the next eight years FOTO: MARIUS FISKUM
Slide 9: Investments in Northern Norway (2025-2032)
Investments in Northern Norway (2025-2032)
Slide 10: Norway vs Northern Norway
Norway Northern Norway 2026 2025 2024 2023 2022 2021 Avg.. 2020- 2024 Avg. 2013- 2019
Slide 11: Status and Outlook in Northern Norway
Status and Outlook in Northern Norway
Slide 12: Commercial real estate
Commercial real estate
Slide 13: Tourism
SpareBank 1 NORD-NORGE
Slide 14: Power sector
SpareBank ~NORD-NORGE
Slide 15: For Northern Norway
SpareBank. 4 NORD-NORGE
Slide 16: Outlook
1 Outlook (2) Financial status 3 Appendix
Slide 17: Quarterly Development
Quarterly Development CET1 ratio Return on equity Cost/income Group 16.8% 16.3 % 16.2% 16.2% 16.2% 165% 35.2% 355% 35.3% 316% = 318% arg y 20.4% 188% 191% 74% 16.0% : 149% 4Q24 1925 2925 = -3Q25. 4Q25 1926 4Q24 1925 2925 = 3025 4025 1026 4Q24 1925 2925 © -3Q25 4Q25 1926 SpareBank NORD-NORGE
Slide 18: Subsidiaries – Earning Before Tax
Subsidiaries – Earning Before Tax
Slide 19: Group Financial Highlights and Key Figures
Group Financial Highlights and Key Figures
Slide 20: Development in Net Interest Income*
Development in Net Interest Income* Net interest in % of average assets NII *) Incl. SpareBank 1 Boligkreditt
Slide 21: Development in Financial Assets
Development in Financial Assets (MNOK)
Slide 22: Earnings Before Tax - Last Quarter
Earnings Before Tax - Last Quarter (Amounts in NOK million)
Slide 23: Income
Income Commission Income SpareBank 1 Bolig- NII næringskreditt
Slide 24: Low Losses
Low Losses Net losses in % of gross Net losses lending incl. interm. loans (Amount in NOK million) Retail Corporate
Slide 25: Strong Capital Base
Strong Capital Base CET1 Pillar 1 P2R Buffer req P2G min.requirement
Slide 26: Lending Growth
Lending Growth Retail Corporate
Slide 27: Retail Market
Retail Market Retail (excl. Commission loans Com.loans
Slide 28: Corporate Banking
Corporate Banking Lending growth ae | - - ' ' 4924 2925 3Q25 425 1926 Development in lending margin (iso) 2.7% 27% 2.6% 2.4% 2.6% 22% 4024 1925 2Q25 3Q25 4025 1026 Lending growth (12 mth) 2% 4924 1925 2Q25 3Q25 4925 1026 SpareBank NORD-NORGE
Slide 29: Deposit Growth
Deposit Growth Retail Market Corporate Banking Public sector arr) 50,645 44,498 47M 34,370 34,860 {374%} 8523 7,633 10,486 3/31/2024 3/31/2025 3/31/2026 3/31/2024 3/31/2025 3/31/2026 3/31/2024 3/31/2025 3/31/2026 Gross deposits 1% SpareBank NORD-NORGE
Slide 30: Development in Deposit Margins
Development in Deposit Margins Retail Corporate
Slide 31: Ambitions for Lending Growth and Market Share
Ambitions for Lending Growth and Market Share Expected lending growth for SpareBank 1 Nord-Norge in 2026 Retail market: 6-9 % Corporate market: 2-5 % The Group is well capitalized. The region is well positioned compared to the rest of the country. The Group aims to gain market shares in 2026.
Slide 32: Financial Outlook
Financial Outlook CET1 Ratio Cost/income Pay out ratio During 1Q26, interest rate expectations reversed completely, shifting from anticipated rate cuts to one or two rate hikes. As a result, NIBOR increased by 0.27 percentage points during the first quarter of the year. All else equal, a higher poli
Slide 33: Why Invest in SpareBank 1 Nord-Norge
Why Invest in SpareBank 1 Nord-Norge
Slide 34: Contacts
Contacts Management Hanne Karoline Kræmer CEO +47 414 70 483 Hanne.karoline.kramer@snn.no Bengt Olsen CFO +47 975 89 560 bengt.olsen@snn.no Investor Relations Terje Karlstad Investor Relations +47 411 22 220 terje.karlstad@snn.no
Slide 35: Appendix
1 Outlook 2. Financial status C3] Appendix
Slide 36: A Solid Bank For Northern Norway
A Solid Bank For Northern Norway
Slide 37: Development in Lending Margins
Development in Lending Margins Corporate Retail
Slide 38: Company Structure
Company Structure SpareBank 1 SpareBank 1 Finans Nord- EiendomsMegler 1 Nord- SpareBank 1 Gruppen AS SpareBank 1 Boligkreditt AS 19.50 % | Financial services 16.91 % | Covered bond company Næringskreditt AS Norge AS Norge AS 0.50 % | Covered bond company 85 % | Loan/consumer finance/leasing 85 % | R
Slide 39: Geographical Distribution of Ownership
Geographical Distribution of Ownership Foreign holders Other Norwegian holders Holders residing in Northern Norway
Slide 40: The 20 Largest EC Holders
The 20 Largest EC Holders EC Holders Number of ECs hd Share of EC Capital Skandinaviska Enskilda Banken AB 61M 5.9% Verdipapirfondet Eika Egenkapitalbevis 49% Geveran Trading Company Ltd 4.0% Pareto Aksje Norge Verdipapirfond 37% Kommunal Landspensjonskasse Gjensidige 37% State Street Bank and Trust
Slide 41: Cost Development
Cost Development Cost/income Group Group operating costs (Amounts in NOK million)
Slide 42: Operating Expenses
(Amounts in NOK million) Operating Expenses
Slide 43: Risk Exposure
Risk Exposure 1,8% Non- performing /impaired High risk Medium risk Low risk
Slide 44: Changes in Exposure last 12 Months
Changes in Exposure last 12 Months Non- performing /impaired (NOK million) High risk Medium risk Low risk
Slide 45: Exposure Distributed by Size*
Exposure Distributed by Size* 31.03.2025 31.03.2026 *) Incl. parent bank, SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt
Slide 46: LTV Mortgage Loans
LTV Mortgage Loans 31.03.2025 31.03.2026
Slide 47: Diversified Portfolio in Commercial Real Estate
Diversified Portfolio in Commercial Real Estate
Slide 48: Loan Losses
Loan Losses ’ bond companies Commitments in step 3: 1.56 % of total exposure. Expected loss share: 19.75 % Commitments in step 2: 11.80 % of total exposure. Expected loss share: 2.19 % Commitments in step 1: 86.63 % of total exposure. Expected loss share: 0.14 %
Slide 49: The Lending Portfolio
The Lending Portfolio Parent Bank Group 30/06/25 30/09/25 31/12/25 31/03/26 Sector/Industry 31/03/26 (31/12/25 30/09/25 30/06/25, 11,608 12,177 12,265 12,323 Agriculture, forestry and fish 14,007 13,888 13,605 12,977 38 35 34 22. Mining and quarrying 49 60 65 ral 1,982 1,909 1,926 2,313 Manufacturin
Slide 50: Funding
Funding NOK 23,340 mill in capital market funding exclusive of SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt is important funding sources. In total NOK 53,139 mill had been transferred as of 31.03.2026 Amount of gross maturities of ca
Slide 51: SpareBank 1 Alliance
SpareBank 1 Alliance • The SpareBank 1-alliance consists of 12 banks • Independent within each region. • Decisions are made close to the customers, SpareBank 1 Nord-Norge and the banks both develop and are an (Tromsø) integral part of their local communities • Operate exclusively in Norway SpareBank
Slide 52: Slide 52
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