SPAREBANK 1 NORDMØRE (SNOR) investor relations material

Strategic direction and business development

• Updated group strategy emphasizes people and technology, aiming to create value and sustainable development for customers, owners, and the local community.

• Strategic partnerships are prioritized to benefit customers, the community, and the financial group.

• Opened a new finance house in Trondheim in August 2026, consolidating two offices and enhancing regional presence.

• Focus on attractive local communities and engagement in regional development.

• Recognized for sustainable property development, winning a major sustainability award in 2026.

Financial performance and targets

• Achieved a return on equity of 11.4%, surpassing the target of 11%.

• Maintained a cost/income ratio of 35.2%, reflecting improved efficiency.

• Core capital ratio at 17.44%, well above the regulatory requirement of 15.24%.

• Pre-tax profit for Q2 2026 was NOK 293 million, with continued strong lending growth.

• Group assets reached NOK 43.8 billion, with customer deposits at NOK 20.3 billion.

Lending, deposits, and portfolio quality

• Total lending grew by 6.4% over the past 12 months, with personal market lending up 7.6%.

• Deposit growth reached 6.3% year-on-year, with both personal and business markets contributing.

• Loan portfolio remains well-diversified, with 74% in the personal market and 26% in the business market.

• Increased loan loss provisions to 0.26% of gross loans, with total non-performing loans at 1.51%.

• Funding structure remains robust, with a weighted average maturity of 3.3 years for senior funding.