Presentation Q3

Rogaland Sparebank

1. quarter 2025 - CMD

   Tomas Nordbø, CEO

   Siri A. Styles, CFO

   Oslo, 5th of November 2025

   
   
   
   
   
   
   
   
   

   Agenda

   
   
   

   Strategy and Results

   • Market and Strategy

   • Results

   • Portfolio

     Market Outlook and Local Macro

   • Retail

   • Corporate

   • Funding

   • Local Macro

     Eika

   • CEO, Steinar Simonsen

Rogaland - An Attractive Region

Average Grwoth Indicators Q1 2023 - Q3 2025

Regional Indicators

0,6

0,3

0,3 0,3

-0,2

-0,2

-0,1

Sørvest Nord Innland Nordvest Sør Midt Øst

Source:Regionalt nettverk, Norges bank Source: TØI /SSB

Rogaland - An Attractive Region

Municipal Inhabitants 2025

Stavanger 150.123

Sandnes 84.908

Sola 29.153

Strand 13.813

Randaberg 11.795

Sauda 4.600

Suldal 3.939

Hjelmeland 2.681

Jæren 73.946

Total 374.G58

Total for Rogaland 504.4G6

Rogaland - Continued Good Access to Customers

Municipal Inhabitants 2025 Market share retail

The Local Bank Consept - Attractive in the future

• Strong presence in Nord-Jæren and Ryfylke

  and is the local bank in Rogaland

• The bank has satisfied customers and is relevant and visible - customers choose us!

• Great potential in the current market area, but also a short distance to new opportunities in other market areas in Rogaland

• The local bank concept stands up well in a highly competitive market where several competitors are focusing nationally

• The bank has a clear presence in the local community, with quick decisions and has advisors who know the customers and the business community in the region

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- We will provide good and personalized customer experiences. In everything we do, we will contribute to building a stronger and broader reputation.

.

- We will grow more than the market and ensure ever-improving profitability

-We will acquire, further develop and retain the best people and build a unique and attractive culture.

- We must be responsible in our choices and contribute to local community development.

The Bank has never been as visible as it is now

• Good visibility is a competitive advantage in a compettitive market

• Communication that is locally relevant and personal strengthens the relationship with the customer and creates loyalty

• Studies show that the bank is visible and relevant - and "top of mind" when customers are about to switch bank

• Strong local presence and physical proximity give

businesses a visible and accessible partner

In addition to your own bank, which bank do you find most visible in your local community?

32%

25%

18%

8%

5%

2%

Rogaland Sparebank

Bank 1 Bank 2 Bank 3 Bank 4 Bank 5

Source: Kantars omdømmeundersøkelse 2025

Customer Loyalty

83 83

79

80

80

80

78

79

78

73

71

69

69

63

58

81 81 82

• Nine years of systematic customer satisfaction measurements give us incredibly good insight into what the customer values and what we can do differently

• The bank has very satisfied customers in both the private and corporate segments

• Good digital solutions combined with competent and committed advisors

• We are good at what is important to the customer,

  - advice, simplicity in everyday life and accessibility.

• Satisfied customers in the entire bank's market

  2017 2018 2019 2020 2021 2022 2023 2024 2025

  KOI PM (snitt for året)
  KOI BM (Årlig undersøkelse)
  
  

  area, including former Hjelmeland Sparebank

  customers

  
  
  

  • Customer satisfaction and loyalty are closely linked, - satisfied customers are the bank's ambassadors

    Kilde: Bankens egne undersøkelser

    One year as

    
    
    
    
    
    

    • The bank is attractive in the market, - both for retail

      and corporate customers

    • Clear local profile - differentiates us from the competition

    • Delivers on customer promises - Local, fast and

      personal

    • Visible and relevant

    • Satisfied customers and employees

•

16 million for gifts that will create pride, joy and excitement for everyone in Rogaland

• Proud sponsor and supporter of teams and associations in our region

• Customer dividend for the 8th time!

  
  
  

• Offices and workplaces throughout the bank's market area

Organic Growth 9,2 % YoY

Including the merger 19,3% YoY

10%

Lending growth YoY Lending growth by division YoY

15%

9,2 %

9%

8%

7%

6%

5%

4%

3%

2%

1%

0%

10%

5%

0%

-5%

-10%

%

9,9

7,0

%

Gross retail lending Gross corporate lending

3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25

3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25

• Total lending increased by NOK 3,1 mrd (9,2 %) YoY

• Total lending increased by MNOK 828 (2,3 %) QoQ

• Retail lending is up NOK 2,5 mrd (9,9 %) YoY. And MNOK 942 (3,5%) QoQ.

• Corporate lending is up MNOK 578 (7,0%) YoY., and down MNOK 114 (-1,3 %) QoQ

Lending Growth - The Bank Increases Market Share in Both Segments

Lending Grwoth Retail YoY Lending Growth Corporate YoY

17%

12%

7,0 %

7%

2%

1,7 %

-3%

-8%

3Q20 1Q21 3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25

Gross corporate lending Credit growth corporate

Rogaland Sparebank

Eierbrøk 62,7% (egenkapitalbevisandel)

Datterselskaper

(fullkonsolidert)

Eika gruppen AS

9,6% eierandel.

Rogaland Sparebank er største eierbank i alliansen

Deleide selskaper

Rogaland Sparebank Boligkreditt AS

100% eierandel

Aktiv Rogaland AS

100% eierandel

Eika Kredittbank AS

100% eierandel

Eika Kapitalforvaltning AS 100 % eierandel

Fremtind Holding AS

Eierandel 20,1%

Sparebank 1 Kreditt AS

6% eierandel

(rebalanseres)

Kjell Haver Regnskapsservice AS

49,5% eierandel.

Brage Finans AS

Eierandel 3,9%.

*Rogaland Sparebank i det felleseide boligkredittforetaket Eika Boligkreditt AS er 0,56%.

Financial Targets 2025 -2028

Adjusted target of CET1 from > 16,8 % to > 16,15 % from 31.10.25

• ROE > 11 % (incl. hybrid), better than compatible banks

• Dividend : [50%-100%]

• Gross lending > 5%, Will increase market share

• CET-1 >16,15%

Financial Targets 2025 -2028

ROE >11% Dividend [50-100%]

Return on equity after tax Mål egenkapitalavkastning

9m25

2024

2023

2022

2021

12,5 %

12,2 %

10,0 %

11,0 %

Upper dividend target

2025

2024

Lower dividend target

2022 2023

Dividend per ECC

2021

75 %

75 %

75 %

62,5 %

50 %

75,0 %

50,0 %

100 %

Lending Growth>5% CET1 >16,15%*

Growth target

12 month growth

9M25

2024

2023

2022

2021

5,0 %

5,5 %

7,0 %

6,5 %

9,2 %

9,0 %

CET1 Target CET1

9M25

2024

2023

2022

2021

16,8 %

16,2 %

15,1 %

14,1 %

16,15 %

17,1 %

16,6 %

18,3 %

17,8 %

17,8 %

* Valid from 31.10.2025

Eika - An important partner

Eika Alliance

• 40+ Local banks (The ten largest are all over 20 billion and account for 55% of the total assets in Eika)

• 590 Bn. Total Assets under Management (inkl. CB and

  Eika Group)

  >820 000 Customers in the bank and Eika (Retail/Corporate)

• 400 Emplyees working for and with bank deliveries in the

Eika Group

6,4 % Average lending growth in banks over the past 5 years (8,7 % YoY)

Eika Group

• Provider of banking platform

  • Efficient large-scale operation on standardized technical solution

  • Good development in customer and advisor solution

  • Safe and cost-effective operating solution

• Good product companies for customers

  • Eika Asset Management

  • Fremtind Insuarance

  • Kredittbanken (Credit cards)

• An important and profitable investment

  • Largest owner with 9,6% ownership stake

  • Ownership valued at 830 MNOK

  • Dividend of 61 MNOK (2025)

    
    
    
    
    
    Agenda

    Strategy and Results

    
    
    

    • Market and Strategy

    • Results

    • Portfolio

      Market Outlook and Local Macro

    • Retail

    • Corporate

    • Funding

    • Local Macro

      Eika

    • CEO, Steinar Simonsen

      
      
      Rogaland Sparebank - A Very Good First 9 Months

      9,5 %

      9,5 %
      
      
      

      10,7 %

      
      
      

      ROE

      13,4 %

      
      
      

      391

12,5 %

Summary first 9 months

• Resultat after taxMNOK 390,6 (367,3)

• ROE of 12,5 % (13,4 %)

• EPS 10,3 kroner (10,0)

• Gross lending growth YoY. 9,2 % (7,7 %)

• NIM1,91 % (1,95 %)

  9M21 9M22 9M23 9M24 9M25

  Operating profit after tax
  Return on equity after tax
  
  

  • Losses MNOK 22,4 (26,8)

  • Total operating costsMNOK 303,7 (303,1)

  • Solid bank with CET1 capital 18,3 % (17,5 %)

    
    
    Profitability

    Continued improvement in underlying banking

    ROE, Quarterly ROE, Yearly

    15,1 %

    8,9 %

    13,8 % 13,8 %

    141

10,3 %

9,7 %

8,5 %

9,9 %

12,2 % 12,5 %

3Q24 4Q24 1Q25 2Q25 3Q25

Operating profit after tax Return on equity after tax

2021 2022 2023 2024 9M25

Operating profit after tax Return on equity after tax

Hjelmeland Sparebanks was included in the figures from 1 August 2024

Lending and deposit margins

Some change in lending margins and deposit margins as a result of changes in the NIBOR interest rate

Lending margins Deposit margins

2,32 %

2,32 %

2,40 %

2,29 %

2,28 %

1,77 % 1,79 %

1,72 % 1,67 % 1,70 %

1,35 %

1,26 %

1,27 %

1,35 %

1,03 %

1,02 %

1,17 %

0,95 % 0,99 %

0,79 %

3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25

Lending margin retail Lending margin corporate

Deposit margin retail Deposit margin corporate

The margin is calculated as the difference between the average customer interest rate and the average Nibor3m. Lending margin = average lending rate - average Nibor3m. Deposit margin = average Nibor3m - average deposit rate

Margins in the retail market - improvement in lending margins and weaker deposit margins

The deposit ratio PM is about 43%, PM accounts for 76% of the bank's total lending

2,5 %

2,0 %

1,5 %

1,35 %

1,0 %

0,79 %

0,5 %

0,0 %

1K19 3K19 1K20 3K20 1K21 3K21 1K22 3K22 1K23 3K23 1K24 3K24 1K25 3K25

-0,5 %

-1,0 %

Lending margin retail

Deposit margin retail

Changes in the policy rate affect the margin picture

Other income

Stabile underlying development

Other income, QoQ Other income YoY

3Q24 4Q24 1Q25 2Q25 3Q25

2021 2022 2023 2024 9M25

112 255

94

75

29

34

48

1

18

40

2

34

1

1

31

-52

67

25

3

-03

11

28

1

Other operating income

Change in value currency and securities

Net commission income

Dividend and income from subsidiaries

• Somewhat lower commission income from Aktiv eiendomsmegling in connection with the start-up of the new Aktiv Rogaland eiendomsmegling.

  Other operating income
  
  

  77

  181

  154

  15

  2

  154

  4

  160

  46

  16

  27

  1

  93

  83

  90

  96

  120

  48

  66

  -9

  54

  43

  71

  Change in value currency and securities
  
  
  Net commission income
  
  
  Dividend and income from subsidiaries
  
  

• The dividend from the Eika Group for 2024 is NOK 60.8 million (28.4 million) and has been booked in the second quarter of 2025

  
  
  

• • The change in value in 3Q24 was related to accounting adjustments in connection with the merger between Hjelmeland and Sandnes Sparebank

  Strong development in Gross Commission Income

  Steady increase in all types of commission income - High internal focus over time creates results

  5,5

  Financial Instruments (asset mgt. and sales)

  Insurance Sales Transaction Services

  3Q25

  2Q25

  1Q25

  4Q24

  3Q24

  12,2

  10,3

  10,3

  11

  12,3

  5,8

  20,2

  2,4

  5,6

  6,1

  5,5

  3,3

  3

  3,2

  2,9

  19,4

  18,8

  19,8

  21,2

  70,4

  9,3

  59,4

  9,2

  20,2

  17,4

  	56,9		57,9
  50,3	5,4		6,8
  5,1 12,3	15,0		16,6

  32,9	36,5	34,5	40,8		32,8
  2021	2022	2023	2024		9M25
  Financial Instruments (asset mgt. and sales) Insurance Sales Transaction Services

  Gross commission income QoQ Gross commission YoY

  
  
  Operating Costs

  Stable operating costs, but some increase in the cost base as a result of the merger

  Operating Costs QoQ Operating Costs YoY

  415

  369

  45

  314

  29 36

  324

  12

  39

  26

  45

  50

  304

  22-

  298

  320

  249

  44%

  274

  282

  45%

  41%

  38%

  38%

  134

  39

  112

  1

  15

  13

  101

  7

  107

  9

  96

  6

  87

  97

  89

3Q24 4Q24 1Q25 2Q25 3Q25

Costs from banking operations Costs Aktiv Eiendomsmegling

One offs/ merger costs

• Increase in the cost base of approximately 10% as a result of the merger with Hjelmeland Sparebank. From 1 September 2024

• The number of full-time equivalents in the parent bank is stable at around 150 employees

  2021 2022 2023 2024 9M25

  Costs from banking operations
  Costs Aktiv Eiendomsmegling
  
  
  One offs/merger costs Cost to income banking operations
  
  

• Cost-to-income ratio for banking operations in the first 9 months of 2025 is 38%

• Replacing the core system from SDC to TietoEvry has been charged at 67 MNOK in the period 2021-2023.

  
  
  

• Merger costs Hjelmeland Sparebank is 44,6 MNOK in 2024

  Underlying banking operations include the operation of the parent bank and the covered bond company

  Losses on Loans and Guarantees

  Stable low losses

  Losses on loans and guarantees, QoQ Losses on loans and guarantees, YoY

  0,06 %

  0,04 %

  0,04 %

  22

  -32

  -0,13 %

  11

0,07 %

0,19 %

0,08 %

7

-0,04 %

0,08 %

-1

-0,01 %

3Q24 4Q24 1Q25 2Q25 3Q25 2021 2022 2023 2024 9M25

Losses on loans Losses in % of gross lending Losses on loans Losses in % of gross lending





Agenda

Strategy og Results

Lending to customers

The share of lending to the retail market has increased significantly over the past 5 years. Low exposure to real estate development

Distribution by sector Loans for real estate

Commercial building building projects

0%

Other 3%

Land 4%

Housing cooperative 9%

Retail customers

76%

Commercial real

estate

14%

Buidling & construction 2%

Public and

private services

Housing building

projects 10%

Housing rental 15%

Commercial rental 59%

Other* 1%

Retail services 4%

1%

Farming 3%

• Low exposure to cyclical industries

• Insignificant direct exposure to the oil industry

  
  
  

• Stable in commercial real estate