Sparebank 1 Ostlandet · OSL:SPOL
Sparebank 1 Ostlandet — SpareBank 1 Østlandet — Q2 2026 Earnings Presentation
44 slides from Sparebank 1 Ostlandet's earnings presentation, 2026
Slide 1: 2Q Quarterly presentation
2Q Quarterly presentation Second quarter 2026 Photo: Anders Martinsen UAS Norway / POOL / NTB
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: Highlights in 2Q
Highlights in 2Q Return on equity (%) • Return on equity of 13.3%, supported by strong growth in commission income, income from jointly owned companies, and solid cost control, and despite lower NII. • Net interest income, including commissions from covered bond companies, declined by 4.4 per cent.
Slide 4: Financial targets
Financial targets > 13 % < 40 % > 50 % 15.9 % Profitability Costs* Dividends Solvency Achievements year-to-date 12,7 % 42,8 % 70 % 17.8 % * Excl. costs related to merger. 4
Slide 5: Strong customer relations in retail and corporate markets
Strong customer relations in retail and corporate markets Satisfied customers are also essential to achieving our financial targets. The bank maintains and further strengthens its strong customer relationships. Retail market SB1 Østlandet– Customer relations (KRI) Corporate market SB1 Østlandet – Cu
Slide 6: Retail market: Accelerating growth
Retail market: Accelerating growth Proforma excl. margins Higher interest rates will challenge market growth, but the bank gains market share in a highly competitive market, particularly in the capital region. Very strong growth among union members, contributing also to commission income. Loan volum
Slide 7: We are the local bank for the capital region
We are the local bank for the capital region 7
Slide 8: Corporate market: Higher activity
Corporate market: Higher activity Proforma excl. margins Norges Bank rate hikes may curb investment appetite. Still, portfolio activity is rising and the pipeline improving in a highly competitive market. Strong focus on fee-based income. Loan volume and growth (NOK bill. and %)* Deposit volume and
Slide 9: Strong rise in commission income
Strong rise in commission income Sharp increase in the bank’s commission income, with strong performance in insurance, mutual funds, payments and credit products, as well as solid results from the bank’s real estate brokerage business. Insurance commissions, 4Q rolling sum, MNOK Number of mutual fun
Slide 10: The merger is finally completed!
Om teknisk fusjon The merger is finally completed! Alt. 1 10
Slide 11: 2Q Financial accounts
2Q Financial accounts Second quarter 2026 11
Slide 12: Net interest income
Net interest income Proforma The Bank’s interest rate changes intro uce in May will take full effect for existing mortgage customers from July Net interest income incl. commissions from covered bond companies (MNOK and %) , , , , , , , et interest income , ommission fees from covere bon companies ,
Slide 13: Commission income
Commission income Proforma Continued solid growth in fee and commission income Net commissions and other income (NOK million) ommission income from cre it car s ayment services ommissions from insurance ommissions from savings ommission from real estate brokerage ncome from accounting services ther
Slide 14: Profits in subsidiaries
Profits in subsidiaries Proforma Profits after tax in subsidiaries (NOK million) Sparebank inans stlan et S Totens Boligkre itt S ien omsMegler stlan et S SpareBank orretnings artner stlan et S roup * Company has been liquidated. . 14
Slide 15: Net income from financial assets and liabilities
Net income from financial assets and liabilities Proforma Solid contributions from jointly owned companies Net income from finance (NOK million) ivi en s from shares an other e uity instruments Share of profit or loss of associates an oint ventures et profit from other financial assets an liabilitie
Slide 16: Operating expenses
Operating expenses Proforma NOK 80 million was allocated to restructuring packages in the first quarter. The secon uarter’s merger-related costs were primarily associated with Operating expenses (NOK million) the technical merger. , , , , , , , , , ersonnel expenses epreciation amortisation T expens
Slide 17: Loan loss provisions
Loan loss provisions Proforma Loan loss expenses in SB1 Finans Østlandet primarily due to a single large exposure. Quarterly loan loss provisions , , , , , , , , etail market , orporate market SpareBank inans stlan et hange in mo el base loss provisions hange in ivi ual loss provisions et write offs
Slide 18: Capital levels
Capital levels Solid buffers to regulatory requirements. Common equity Tier 1 capital ratio T capital ratio Tier capital ratio apital a e uacy ratio everage atio e uirement ommon e uity Tier capital ratio Management buffer per e uirements 18
Slide 19: 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 19
Slide 20: Appendix
Appendix 20 SpareBank | YE! SSTLANDET
Slide 21: 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 22: Macro backdrop is improving, although gradually
Macro backdrop is improving, although gradually Activity in market area has been lower than elsewhere in Norway, due to rate rate-sensitive sectors including construction. Still, unemployment and bankruptcies have risen only moderately. Activity in housing market is high. Norges Banks regional indic
Slide 23: Income statement
Income statement Chg. in operating profit after tax (NOK mill.), from previous quarter Chg. in operating profit after tax (NOK mill.), from last year et interest et et profit Total mpairment on Tax expense et interest et et profit Total mpairment on Tax expense income commisions from financial opera
Slide 24: Profits in joint ventures
Profits in joint ventures Profits after tax in joint ventures (NOK million) SpareBank ruppen S roup SpareBank orvaltning S SpareBank Boligkre itt S SpareBank ringskre itt S re ittbanken S SpareBank Betaling S B Bank S ther ventures 24
Slide 25: 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 roup roup excl merger costs 25
Slide 26: 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.) , , , , , Stage S Stage S Stage S rovisions for cre it losses S ross loans S re it loss provision ratio S * Excluding loans transferred to covered bond companies. Residu
Slide 27: 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.** , , , , , rrears ver raws ays ays rrears in of gross loans Corp. arrears below 90 days (NOK mill.) LTV commercial re
Slide 28: Headcount
Headcount Full-time equivalents in parent bank and subsidiaries , , , , , SpareBank inans stlan et S ien omsMegler nnlan et S ien omsMegler stlan et S SpareBank orretnings artner stlan et SpareBank stlan et S * EM1 Innlandet and EM1 Oslo/Akershus merged with accounting effect on January 1, 2025. In
Slide 29: 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 ross len ing group mth growth ross len ing group mth growth en ing margin eposit margin * Includes loans transferred to mortg
Slide 30: Well diversified loan portfolio
Well diversified loan portfolio Lending to customers per sector (in %) Corporate market otel an restaurants 27.4 % / 66,815 Transport an communication Buil ing an constructions holesale an retail tra e ower an water supply ther ommercial services ublic sector rimary in ustries eal estate incl SB rin
Slide 31: 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 (%) nlan , slo , kershus , ther areas , 31
Slide 32: Mortgage loans by geography
Mortgage loans by geography Retail lending by county (share in %/NOK million) Change last 12 months (%) nlan , , slo , , kershus , , Tr n elag estlan estfol ther areas , ther areas , M re og oms al ogalan Buskeru stfol 32
Slide 33: Corporate market lending by geography
Corporate market lending by geography Corporate lending by county (share in %/NOK million) Change last 12 months (%) nlan , slo , kershus , ther areas , 33
Slide 34: Rate sensitive volume
Rate sensitive volume Loans and deposits, NOK bill. Securities, NOK bill.* ross loans excl overe bon s ibor linke an Securities isse , own balance loans sheet ibor linke i ui ity loans portfolio oans in subsi iaries eposits excl ibor linke ibor linke eposits * Covered bonds refer to loans transferre
Slide 35: Retail: Indicators of underlying credit quality
Retail: Indicators of underlying credit quality Retail customers with interest-only mortgage* Arrears retail market, NOK mill.** , , , , , rrears ver raws ays ays rrears in of gross loans * Based on numbers for parent bank excl. Toten. ** Does not include loans transferred to SpareBank 1 Boligkredit
Slide 36: 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. 36
Slide 37: 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 Share of new mortgage approvals volume verage T at the time of approval ast ast ast ast ast
Slide 38: 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 nnual average rrears ver raws ays ays rrears in of gross loans * Based on numbers for parent bank excl. Toten portfolio,
Slide 39: 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 cceptable slo ormal nlan entral kershus Best ther 4 Share of rental space according to type Share of rental
Slide 40: 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* * Exposures of at least NOK 10 mill. 40
Slide 41: 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 42: 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 43: SPOL
SPOL Price development (dividend adjusted), index = 100 pr -2 years ratio issue , , , , , , Jul Sep ov Jan Mar Mai Jul Sep ov Jan Mar Mai Market price S S B S Market capitalisation million , , , Book e uity per Turnover and SPOL price, monthly arnings per , rice arnings per rice book e uity 1) Spare
Slide 44: Together we develop Eastern Norway
Together we develop Eastern Norway
SpareBank 1 Østlandet — Q2 2026 Earnings Presentation on 6ix