Trøndelag Sparebank (TRSB) investor relations material

Executive summary

• 9M net income was NOK 24.3m vs. NOK 62.0m; lower net interest income, higher costs and credit-loss provisions weighed on results.

• Gross lending including Eika Boligkreditt grew 6.2% YoY to NOK 10.3bn; household lending rose 7.9% and business lending 1.4%.

• Ørland Sparebank merger remains on schedule for legal completion in May 2027, subject to regulatory approval.

Financial highlights

• 9M net interest income was NOK 143.7m vs. NOK 156.9m; total income was NOK 196.3m vs. NOK 210.5m, and pre-tax profit was NOK 29.7m vs. NOK 79.5m.

• Operating expenses rose to NOK 133.7m from NOK 122.2m; credit losses increased to NOK 33.0m from NOK 8.8m.

• Q3 net interest income was NOK 46.0m vs. NOK 53.6m; Q3 loan-loss costs of NOK 13.0m were mainly tied to existing Stage 3 exposures.

• Total comprehensive income was NOK 42.2m vs. net income of NOK 24.3m, mainly reflecting a transaction-linked valuation gain on Eika Gruppen shares.

• Total assets were NOK 10.50bn at 30 September 2026 vs. NOK 9.93bn a year earlier; customer deposits were NOK 6.29bn, nearly unchanged YoY.

Outlook and guidance

• Legal merger completion is targeted for May 2027 and technical merger for September 2027; regulatory approval remains a condition.

• Merger benefits are expected to include stronger funding access and an estimated ~2.0 percentage-point increase in consolidated CET1; combined annual business-capital growth ambition is 10%.

• Net interest income is expected to remain under pressure from deposit and lending competition; further reduction in impaired exposures is expected in Q4, with selective business lending.