JÆREN SPAREBANK (JAREN) investor relations material

Financial performance

• 9M 2026 net profit was NOK 219.4m, NOK 21.4m below 9M 2025; annualized ROE was 10.7%.

• Net interest income was NOK 301.9m vs NOK 308.2m; net commission income was NOK 81.5m vs NOK 86.5m. Net operating income totaled NOK 383.9m vs NOK 395.0m.

• Annualized net interest margin was 1.88% of average assets in Q3 2026, compared with 2.10% in Q3 2025; Q3 2026 net commission income was 0.51% of average assets.

Balance sheet and credit quality

• Business capital, including loans transferred to Eika Boligkreditt, was NOK 31.5bn; 12-month growth was 11.6%. Customer deposits were NOK 14.1bn, up 6.9% YoY.

• Gross on-balance-sheet loans were NOK 18.1bn, with another NOK 9.3bn transferred to Boligkreditt; 34.1% of total loans were transferred.

• Retail lending represented 73.8% of gross loans including transferred loans; 95.6% of the portfolio was in Rogaland at 31 Dec 2025.

• At Q3 2026, non-performing loans were 0.09% of on-balance-sheet gross loans and other vulnerable loans were 0.39%; Stage 1–3 impairment allowances totaled 0.14% of gross loans.

Capital and strategic targets

• Q3 2026 consolidated CET1, Tier 1 and total capital ratios were 16.5%, 17.9% and 20.5%, respectively; figures used actual parent-bank data and estimates for other group entities.

• With a hypothetical NOK 250m issue and after 2026 earnings allocation, estimated Q4 capital ratios were 18.5% CET1, 19.9% Tier 1 and 22.5% total capital.

• 2026–2028 targets include cost/income of max 40%, ROE of min 11% in normal conditions, payout of min 60%, CET1 of min 16% and total volume growth above 7%.