Rogaland Sparebank (ROGS) investor relations material

Executive summary

• Achieved strong financial performance with after-tax profit of NOK 390.6 million for the first nine months of 2025, up from NOK 367.3 million year-over-year, and ROE at 12.5%–13% for the quarter, impacted by merger costs.

• Successfully completed technical and operational merger activities, integrating 350,000 customers and harmonizing products and processes, with the merger increasing the cost base by ~10%.

• Gross lending grew 9.2% year-over-year, with retail lending up 9.9% and corporate lending up 7.1%.

• Maintained high customer satisfaction and loyalty, with a strong local presence and focus on sustainability, including doubling green retail lending.

• Increased operational synergy target from NOK 300 million to NOK 450 million, with significant cost savings and efficiency gains.

Financial highlights

• Pretax profit reached NOK 2,120 million, up NOK 70 million sequentially and NOK 280 million year-over-year.

• Net interest income for Jan–Sept was NOK 590.1 million (NOK 526.7 million last year), with stable net interest margin at 1.91%.

• Commission and other income declined due to seasonality and restructuring in real estate and accounting businesses.

• Operating expenses remained stable, with cost-to-income ratio for banking operations at 38–39.4%.

• Net loan losses and impairments for Jan–Sept were NOK 22.4 million (NOK 26.8 million last year), 0.04% of gross lending.

Outlook and guidance

• Well positioned for profitable organic lending growth and strong capital distribution through increased cash dividends and a new share buyback program.

• Financial targets for 2025–2028: ROE >11%, gross lending growth >5%, CET1 >16.15%, dividend payout 50–100%.

• Expecting a reduction in Pillar 2 capital requirements by year-end, further strengthening capital position.

• The board highlights uncertainty in all future estimates, despite a solid base for continued profitable growth.