Sparebank 1 Ostlandet · OSL:SPOL
Sparebank 1 Ostlandet — Q3 2026 Earnings Presentation
46 slides from Sparebank 1 Ostlandet's earnings presentation, Nov 4, 2026
Slide 1: 3Q Quarterly presentation, Third quarter 2026
3Q Quarterly presentation Third quarter 2026 Photo: Anders Martinsen UAS Norway / POOL / NTB
Slide 2: Strong commission income and cost control
Strong commission income and cost control Return on equity, % • Return on equity of 11.2 per cent, with solid underlying performance. • Loan growth is accelerating, with particularly positive developments in the corporate market portfolio. Solid growth also in residential mortgages in the Greater Os
Slide 3: Macro backdrop
Macro backdrop • Lower economic activity in Eastern Norway than in the rest of the country • Moderate levels of bankruptcies and unemployment • Strong activity in the property market, although more subdued recently Norges Banks regional indicators Number of bankruptcies, year-to-date (week 42 per ye
Slide 4: Corporate market growth is accelerating
Corporate market growth is accelerating Proforma Retail market: Loan volume and growth (NOK bill. and %)* Corporate market: Loan volume and growth (NOK bill. and %)* * Includes loans transferred to mortgage credit institutions. 4
Slide 5: We are the biggest savings bank in Oslo
We are the biggest savings bank in Oslo Greater Oslo | top-10 savings banks in retail mortgages Oslo county | top-5 savings banks in retail mortgages Akershus county | top-5 savings banks in retail mortgages Note: Market share share of total residential property collateral registrations in the marke
Slide 6: The local bank for the capital region
The local bank for the capital region Residential mortgages in Oslo, Akershus and Buskerud, NOK billion in volume and regional distribution of mortgage loans by counties 6
Slide 7: Strong rise in commission income
Strong rise in commission income Insurance commissions, rolling four-quarter Number of mutual fund customers, thousands* total, NOK million CAGR: CAGR: AUM*, NOK billion Rentebildet skjerper fokuset på breddesalg. Utviklingen i bankens provisjonsinntekter er sterk både på person og bedriftsmarkedet.
Slide 8: Underlying cost growth is low
Underlying cost growth is low On track with planned workforce adjustments, while total merger-related costs were lower than planned. Changes in operating expenses compared with the same period last year, NOK million* Cost target** C/I < 40 % & ≤ 5 * Adjusted for NOK 40 million provision related to T
Slide 9: We are building the financial services group of the future
We are building the financial services group of the future CUSTOMER ORGANISATION EXPERIENCES Digital and seamless Right competencies, customer journeys clearer accountability and stronger execution TECHNOLOGY PRESENCE Stronger prioritisation, Collaboration, execution and cost knowledge sharing contr
Slide 10: 3Q Financial accounts
3Q Financial accounts Third quarter 2026 10
Slide 11: 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 * Net interest income includes commission fees from covered bond companies. 11
Slide 12: Net interest income
Net interest income Proforma ’ y J y F adjustments for retail customers will take effect on 30 November. Net interest income incl. commissions from covered bond companies (MNOK and %) 5 5 5 5 12
Slide 13: Commission income
Commission income Proforma Net commissions and other income (NOK million) 5 y * Excludes commission income from the covered bond companies. 13
Slide 14: Profits in subsidiaries
Profits in subsidiaries Proforma Profits after tax in subsidiaries (NOK million) 5 F F 5 * Company has been liquidated. . 14
Slide 15: Profits in joint ventures
Profits in joint ventures Profits after tax in joint ventures (NOK million) 5 F 5 15
Slide 16: Net income from financial assets and liabilities
Net income from financial assets and liabilities Proforma Net income from finance (NOK million) 5 y 5 5 16
Slide 17: Operating expenses
Operating expenses Proforma Operating expenses (NOK million) 5 5 5 17
Slide 18: Operating expenses, ctd.
Operating expenses, ctd. Proforma Changes in operating expenses (NOK million), from last year Quarterly cost income ratios F F 18
Slide 19: 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 5 F 5 19
Slide 20: 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)* Stage 3: Volume and provisions (NOK mill. and %) * Excluding loans transferred to covered bond companies. Residual up to 100 per cent is due to loans at fair value over profit. 20
Slide 21: 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.* y y Corp. arrears below 90 days (NOK mill.) LTV commercial real estate y y * Does not include loans transferred to Spa
Slide 22: Capital levels
Capital levels Solid buffers to the ’ solvency target. Common equity Tier 1 capital ratio 5 y y 22
Slide 23: Together we develop Eastern Norway
Together we develop Eastern Norway
Slide 24: 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 24
Slide 25: Disclaimer
Disclaimer This presentation contains forward- ’ events and potential financial performance. Although SpareBank 1 Østlandet believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Ac
Slide 26: Appendix
nal SpareBank 1 OSTLANDET
Slide 27: 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 28: Financial targets
Financial targets > 13 % < 40 % > 50 % 15.9 % Profitability Costs* Dividends Solvency Achievements year-to-date 12,2 % 42,2 % 70 % 17.9 % * Excl. costs related to merger. 28
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 * Includes loans transferred to mortgage credit institutions. ** The figures are allocated by division (volume growth is allo
Slide 30: Retail market
Retail market Proforma excl. margins Loan volume and growth (NOK bill. and %)* Deposit volume and growth (NOK bill. and %) Margins, parent bank (%)** 4 * Includes loans transferred to mortgage credit institutions. ** The figures are allocated by division (volume growth is allocated by sector). 30
Slide 31: Corporate market
Corporate market Proforma excl. margins Loan volume and growth (NOK bill. and %)* Deposit volume and growth (NOK bill. and %) Margins, parent bank (%)** 4 * Includes loans transferred to mortgage credit institutions. ** The figures are allocated by division (volume growth is allocated by sector). 31
Slide 32: Well diversified loan portfolio
Well diversified loan portfolio Lending to customers per sector (in %) Corporate market 27.5 % / 68,107 y y Retail market 72.5 % / 179,844 32
Slide 33: 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 (%) 33
Slide 34: Retail market lending by geography
Retail market lending by geography Retail lending by county (share in %/NOK million) Change last 12 months (%) 34
Slide 35: Corporate market lending by geography
Corporate market lending by geography Corporate lending by county (share in %/NOK million) Change last 12 months (%) 35
Slide 36: Rate sensitive volume
Rate sensitive volume Loans and deposits, NOK bill. Securities, NOK bill.* y * Covered bonds refer to loans transferred to covered bond companies. 36
Slide 37: Retail: Indicators of underlying credit quality
Retail: Indicators of underlying credit quality Retail customers with interest-only mortgage Arrears retail market, NOK mill.* y y * Does not include loans transferred to SpareBank 1 Boligkreditt. 37
Slide 38: Retail: Mortgage collateral
Retail: Mortgage collateral Share of LTV by exposure – retail mortgages* Share of lending according to LTV - retail mortgages* * Including loans transferred to SpareBank 1 Boligkreditt. 38
Slide 39: 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 39
Slide 40: 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.) y y y 40
Slide 41: 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 4 Share of rental space according to type Share of rental space at different indexation y 41
Slide 42: 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. 42
Slide 43: 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 %, * y y 43
Slide 44: Headcount
Headcount The Bank has implemented several measures to streamline the organisation. Full-time equivalents in parent bank and subsidiaries F F 44
Slide 45: 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 46: SPOL
SPOL Price development (dividend adjusted), index = 100 pr -2 years 5 J J J J y Turnover and SPOL price, monthly y 1) SpareBank 1 Østlandet was listed on 13 June 2017. 2) APMs are defined in the factbook. 3) Profit after tax for controlling interests x Equity capital certificate ratio*/ number of EC
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