Voss Veksel- og Landmandsbank (VVL) investor relations material

Executive summary

• 9M 2026 profit after tax was NOK 59.548m vs NOK 66.013m YoY; profit before tax was NOK 79.405m vs NOK 88.017m. Total assets reached NOK 7.196bn, up NOK 404.330m YoY.

• Gross lending including EBK rose 12.33% YoY to NOK 7.762bn; customer deposits increased 5.17% to NOK 5.194bn.

Financial highlights

• Q3 profit before tax was NOK 25.911m vs NOK 26.115m; profit after tax was NOK 19.414m vs NOK 19.577m YoY.

• 9M net interest and credit commission income was NOK 111.804m vs NOK 102.569m; excluding a NOK 12.3m liquidity-fund interest reclassification, it was NOK 99.5m vs NOK 102.6m.

• 9M other operating income was NOK 29.4m vs NOK 44.4m, reflecting the reclassification; net commission income rose NOK 0.9m YoY.

• 9M operating expenses increased to NOK 62.8m from NOK 59.6m; operating result before credit losses was NOK 78.400m vs NOK 87.417m.

• 9M net gains on currency and financial instruments were NOK 3.730m vs NOK 19.817m; credit losses were a NOK 1.006m net reversal vs a NOK 0.600m reversal.

Key financial ratios and metrics

• Cost/income ratio was 41.97% vs 38.38%; excluding securities, it was 44.49% vs 46.28%.

• 9M return on equity was 9.33% vs 11.19%; net interest margin was 2.11% vs 2.07%.

• Loan margin was 1.07% vs 1.52%; deposit margin was 1.33% vs 1.17%.

• Total loan growth including EBK was 12.33%; deposit growth was 5.17%, and deposit-to-loan ratio was 81.05% vs 83.17%.

• CET1 ratio was 20.47% vs 21.30%; LCR was 205% vs 292%, and NSFR was 133% vs 134%.