Presentation Q4

Rogaland Sparebank

4th Quarter 2025

Tomas Nordbø, CEO Siri Styles, CFO Sandnes 11.02.2026

Agenda

1. Rogaland Sparebank 2025

2. Rogaland Sparebank 150 years (1876-2026)

3. Key Figures 4th Quarter 2025

Financial targets for the strategy period 2025-2028

ROE >11% Dividend [50-100%]

11,0 %

10,0 %

12,2 %

11,3 %

2021

2022

2023

2024 2025

ROE target

Return on equity after tax

Dividend upper target

Dividend lower target

2025

2024

2023

2022

2021

Dividend

75 %

75 %

75 %

62,5 %

93 %50 %

50,0 %

75,0 %

100 %

Profitable growth >5% CET1 >16,15%

Growth target

12 months growth

2025

2024

2023

2022

2021

5,0 %

5,5 %

7,0 %

6,5 %

9,0 %

9,9 %

CET1

2025

2024

CET1 target

2023

2022

2021

15,1 %

16,8 %

16,2 %

14,1 %

16,15 %

17,1 %

16,6 %

18,8 %

17,8 %

17,8 %

Rogaland Sparebank - A very good year

ROE Summary 2025

11,3 %

480

9,7 %

9,9 %

8,5 %

12,2 %

2021 2022 2023 2024 2025

Operating profit after tax Return on equity after tax

• Profit after tax: MNOK 479,5 (457,6*)

• Return on equity after tax of 11,3 % (12,2 %*)

• Lending growth over the past 12 months of 9,9 % (7,0 %)

• Net interest margin 1,88 % (1,95 %)

• AUM 44 Bn (40 Bn)

• Dividend for 2025 is proposed to11,7 kr (9,5)

• Dividend for 2025 is proposed to 93% (75%)

*Enkelte nøkkeltall var i 2024 påvirket av fusjonen mellom Sandnes Sparebank og Hjelmeland Sparebank

The Bank Increase Market Share in Retail and Corporate

Lending Growth 9,9 % YoY

Growth in lending YoY Lending growth by division YoY

12%

10%

8%

6%

4%

2%

9,9 %

15%

10,9

9,6

%

10%

%

5%

0%

-5%

0%

4Q21 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 2Q25 4Q25

-10%

Brutto utlån PM Brutto utlån BM

4Q21 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 2Q25 4Q25

• Total lending has increased by NOK 3,4 mrd (9,9 %) YoY.

• In the last quarter, loans to customers increased by MNOK 752 (2,0 %)

• Lending to the retail market is up NOK 2,5 mrd (9,6 %) YoY. In the last quarter, lending increased by MNOK 514 (1,8%).

  
  
  

• Gross lending volume for the corporate market is up MNOK 889 (10,9%) YoY., and up MNOK 248 (2,8 %) in the last quarter

  
  
  

  Rogaland - still good access to new customers

  
  
  

  Municipal Residents 2025 Market share retail

  Stavanger	150.123	7,3 %
  Sandnes	84.908	16,7 %
  Sola	29.153	7,0 %
  Strand	13.813	13,0 %
  Randaberg	11.795	6,0 %
  Sauda	4.600	1,4 %
  Suldal	3.939	8,8 %
  Hjelmeland	2.681	41,0 %
  Jæren 73.946 3,4 %
  Total	374.G58	G,0 %
  Total for Rogaland	504.4G6	6,8 %

  
  
  

  Local Bank Consept - Still Attractive Going Ahead

  
  
  

  • 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 out 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 business community in the region.

    High Activity in the Region
    
    

    Outlook, Regionalt nettverk Norges Bank

    Local conditions, briefly summarized

    • High housing price growth: + 13.2% last year

    • High turnover rate in the housing market

    • Low unemployment: 1.9%

    • High activity in the construction sector

    • High activity in the energy sector

    • Stable and healthy commercial property market

Gjennomsnitt vekstindikator Regionalt nettverk, siste tre år (2023-2025)

0,6

0,3

0,3 0,3

-0,1

-0,2 -0,1

*Source Norges Bank desember 2025

Sørvest Nord Innland Nordvest Sør Midt Øst

Agenda

1. Rogaland Sparebank 2025

2. Rogaland Sparebank 150 years (1876-2026)

3. Key Figures 4th Quarter 2025

Ø,ş, n i< y j^‹ i 6 ç *,• L ë' IÑ ^

P o & h u N O E ß › *'" *"" " *

E 1E R Ç o ú• S Pt t•i Y u t« f's/

• Vi skal sørge for gode og tilpassede kundeopplevelser. I alt vi gjør skal vi bidra til å bygge et sterkere og bredere omdømme.

• Vi skal vokse mer enn markedet og sørge for stadig bedre lønnsomhet

  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

  -Vi skal få tak i, videreutvikle og ta vare på de beste folkene og bygge en unik og attraktiv kultur.

• Vi skal være ansvarlige i våre valg og bidra i lokal samfunnsutvikling.

Rogaland Sparebank 150 Years!

Sandnes Sparebank was established in 1875, and had its first business day on February 21, 1876, at the initiative of merchant and shipowner Gabriel Sandved, ship owner Martin Nygaard and school principal K. M. Sørensen.

Sandved, Nygaard and Sørensen formed a preparatory committee that asked the people of Sandnes to subscribe for shares in a new bank. There was already a bank in the district, Høyland Sparebank, which had been established in 1858, but several in Sandnes did not think that this bank was taking good care of the business community in the town.

Langgata 70a, Sandnes

A total of 64 good Sandnes citizens were interested in the idea, and funds were paid into a basic fund of a total of 8,380 kroner.

Rogaland Sparebank 150 Years!



Rogaland Sparebank 150 Years!

• A bank started by, and for, the people

• A steady growth partner for small and large

  businesses in the region

• A reliable supporter for most people - security and predictability for customers and returning profits to society

• A proud workplace that has developed

  generations of employees

  
  
  

• An institution that has helped build the city, develop local communities and create belonging.

Rogaland Sparebank Gift Fund:

40 millioner

Customer without a mortgage, but

with NOK 1 million in deposit

2022 2 336

2021 2 150

2020 2 600

2019 2 250

2018 2 500

2018 1 000

Totalt Kr 22 364

Family with NOK 4 million in loans*

and NOK 50,000 in deposits.

2025 13 636

2024 13 620

2023 11 430

2022 9 460

2021 8 707

2020 10 530

2019 9 113

2018 10 125

2017 4 050

Totalt Kr 90 671

*medlåntaker på lånet.

40

2021

2022 2023

Gifts distributed (MNOK)

2024

Customer dividend for a family*

2025

Gifts and Customer Dividend

* Assumes family with 4 MNOK in loan (with co-borrower) + 50,000 in deposit)

Dividends to equity certificate holders and social capital

Proposed dividend yield of 93 % for 2025

Earnings and dividends per equity certificate (kroner) Dividends to social capital

12,4

12,5

10,0

8,5

8,1

11,70

9,50

2021 2022 2023 2024 2025

Dividend per ECC Earnings per equity capital certificate

• Total earnings during the period amount to 51,5 kr per ECC

• Total dividend during the period amount to 40,1 kr per ECC

  2021 2022 2023 2024 2025

• A total of 511 MNOK transferred to the social capital during the period divided

between customer dividends and gift funds

• Final dividend for 2025 will be approved by the Board of Trustees on March 25, 2026

• Please note that the Norwegian Financial Supervisory Authority may issue an order not to distribute dividends, or to distribute less than proposed.

  Equity certificate development, including dividends

  Return ROGS 2025: 22,7 % incl.dividend

  ROGS development on the stock exchange Return 31.12.16 - 31.12.25

  Annualized

  Total return

  Rogaland Sparebank Equirty certificate index Oslo børs

  0 %

  0 %

  100 %

  5 %

  423 %

  200 %

  10 %

  533 %

  300 %

  15 %

  400 %

  20 %

  500 %

  23 %

  25 %

  600 %

  147 %

Pris Avkastning

ROGS

Hovedindeks (OSEBX) Egenkapitalbevisindeks (OSEEX)

640 540%

600 500%

560 460%

520 420%

480 380%

Development of ownership Eika Gruppen

Continuously improving operations in the Eika Group are reflected in value changes and dividends

Value and ownership stake Dividend to Rogaland Sparebank

Bookvalue Rogaland Sparebank (MNOK)

Share of ownership Rogaland Sparebank

2025

2024

2023

2022

2021

258

531

728

669

930

8,36 %

8,84 %

8,84 %

9,40 %

9,64 %

2025

2024

2023

2022

2021

28

45

41

54

75

10,3 %

7,9 %

9,7 %

8,5 %

9,9 %

12,2 %

11,3 %

4Q24 1Q25 2Q25 3Q25 4Q25

Operating profit after tax Return on equity after tax

2021 2022 2023 2024 2025

Operating profit after tax Return on equity after tax

Net interest margin

Stable net interest margin in combination with high growth increases NII

Net interest income, last 5 quarters

Net interest income, annually

+9%

784

719

616

496

456

1,95%

1,85%

1,88%

1,56%

1,61%

2021 2022 2023 2024 2025

2021 2022 2023 2024 2025

• NII parent bank 2,41 % (2,49 %) • 50% deposit coverage

  
  
  Lending and deposit margins

  Stable margins, but changes in the NIBOR interest rate

  Lending margins Deposit margins

  2,32 % 2,40 % 2,29 % 2,28 % 2,28 %

  1,72 % 1,79 % 1,70 % 1,71 %

  1,02 %

  1,27 %

  1,17 %

  1,35 %

  1,17 %

  1,26 %

  1,67 %

  0,95 % 0,99 %

  0,79 %

  0,85 %

  4Q24 1Q25 2Q25 3Q25 4Q25

  4Q24 1Q25 2Q25 3Q25 4Q25

  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

  Other income

  Improvement in other income for the quarter

  
  
  

  4Q24 1Q25 2Q25 3Q25 4Q25 2021 2022 2023 2024 2025

  77

  1

  48

  154

  125

  154

  4

  160

  46

  16

  112

  93

  90

  96

  120

  89

  48

  66

  54

  43

  -9

  255 250

  29

  69

  34

  1

  31

  48

  1

  18

  40

  22

  67

  11

  29

  -52

  25

  3

  18

  -03

  10

  28

  94

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

• Extra dividend from Eika is MNOK 15 in 4Q25

• The dividend from the Eika Group for 2025 is MNOK 75,3 (28,4)

  
  
  

• 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

  5,8

  11

  10,3

  10,3

  12,2

  10,7

  4K24

  1K25

  2k25

  3K25

  4K25

  Financial Instruments (asset mgt. and sales)

  Insurance Sales

  Transaction Services

  5,6

  9,4

  6,1

  3,3

  3

  3,2

  2,9

  19,4

  18,8

  2,6

  19,8

  21,2

  22,7

  32,9

  Financial Instruments (asset mgt. and sales)

  Insurance Sales Transaction Services

  2025

  2024

  2023

  2022

  2021

  43,5

  40,8

  34,5

  36,5

  82,0

  16,6

  20,2

  26,7

  57,9

  6,8

  56,9

  5,4

  15,0

  50,3

  5,1 12,3

  9,3

  11,8

  70,4

  
  
  Operating Costs

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

  
  
  

  112

  101

  107

  89

99

94

98

96

113

415 417

369

45

-32

314

29

36

324

12

39

26

45

50

384

298

320

249

274

44%

45%

41%

38%

38%

4Q24 1Q25 2Q25 3Q25 4Q25

Costs from banking operations Costs Aktiv Eiendomsmegling

2021 2022 2023 2024 2025

Costs from banking operations Costs Aktiv Eiendomsmegling

One offs/merger costs Cost to income banking operations

• The number of full-time equivalents in the parent bank is stable

  at around 150 employees

• Normalized cost base for banking operations for 2026 is expected to be around MNOK 100 per quarter

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

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

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

  
  
  

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

  Write-downs and losses

  Stable development in provisions, some increase in losses in 4Q25

  
  
  

  0,18 %

  0,07 %

  65

  0,04 %

  0,04 %

  -32

  -0,13 %

  11

0,37 % 0,35 % 0,34 % 0,35 % 0,34 %

22

25

14

19

25

28

36

44

43

25

66

70

38

34

50

2021 2022 2023 2024 2025

Step 1 provisions

Step 2 provisions

Individual write-downs (Step 3)

Totale nedskrivninger i % av brutto utlån

2021 2022 2023 2024 2025

Losses on loans Losses in % of gross lending