Rogaland Sparebank (ROGS) investor relations material

Executive summary

• Net profit after tax for 2025 was NOK 479.5 million, up from NOK 457.6 million the previous year, mainly due to higher net interest income, partially offset by increased loan losses and lower other income.

• Return on equity after tax (including hybrid capital) was 11.3% for 2025, compared to 11.9% in 2024.

• Lending growth over the past 12 months reached 9.9%, with total lending increasing by NOK 3.4 billion year-over-year.

• Assets under management increased to NOK 44 billion from NOK 40 billion.

• The board proposes a dividend of NOK 11.70 per equity certificate, corresponding to a 93% payout ratio.

Financial highlights

• Net interest income for 2025 was NOK 784 million, a 9% increase from the previous year.

• Net interest margin was 1.88% for 2025, down from 1.95% in 2024.

• Cost-to-income ratio improved to 40.3% in 2025 from 42.6% in 2024.

• Earnings per equity certificate reached NOK 12.5 in 2025.

• CET1 capital ratio stood at 18.8% at year-end 2025, up from 17.1% a year earlier.

Outlook and guidance

• Financial targets for 2025-2028 include ROE above 11%, profitable growth above 5%, and CET1 above 16.15%.

• The normalized cost base for banking operations is expected to be around MNOK 100 per quarter in 2026.

• Dividend policy allows for a payout ratio of up to 100% of group profit after tax.

• The bank expects stable net interest margins in coming quarters, assuming stable interest rate markets.

• Regional economic conditions remain strong, with low unemployment and robust activity in energy and export sectors.