Building a strong national savings bank

Sparebanken Norge reports a pre-tax profit of NOK 2,138 million in the third quarter of 2026. The return on equity (ROE) is 12.7% while return on equity adjusted for merger effects (ROTE) amounted to 14.5% for the quarter. Year-to-date, return on equity is 14.2%, while return on equity adjusted for merger-related effects is 16.2%.

Strong lending growth in both the corporate and retail market Gross lending to customers amounted to NOK 513.2 billion at the end of the third quarter. Lending to retail customers increased by 1.4% during the quarter, while lending to corporate customers increased by 2.2%.

The bank is on track with the expansion into new market areas and, during the quarter, completed key appointments of advisors and managers. Over the course of the next 12 months, Sparebanken Norge will establish a presence in two additional places: Mo i Rana and Trondheim.

"We are delivering another quarter of strong loan growth. Growth in both the retail and corporate segments remains robust and reflects focused efforts over time. At the same time, we are seeing the new market areas start to generate growth, which is encouraging for the growth journey the Bank is now on," says CEO Jan Erik Kjerpeseth.

Strong cost control despite merger-related costs and investments in new market areas Operating expenses as a percentage of net operating income were 31.8 (29.4) % in the quarter and 31.8 (28.4) % year-to-date. Adjusted for merger-related costs, the cost-to-income ratio year-to-date would have been approximately 31.0 %.

"We have maintained strong cost control in 2026, despite a year characterized by significant merger-related costs and limited realization of cost synergies. The successful technical merger completed in October 2026, together with workforce adjustments, will significantly accelerate the realization of synergies heading into 2027," says Kjerpeseth.

Strong capital position provides room for both growth and dividends going forward The CET1 capital ratio was 18.1 (18.1) % at the end of the quarter. At quarter-end, the Bank`s capital buffer above its capital target was approximately 2.2 percentage points.

"We are a well-capitalised bank with a conservative loan portfolio and low risk profile. Over time, we aim to operate with capital efficiency, and at present we have the capacity both to achieve our ambitious growth targets and to offer competitive dividends," says Kjerpeseth.

Highlights - third quarter 2026 - Return on equity of 12.7 (14.5) % - Net interest income of NOK 2,664 (2,760) million - Net fee and commission income of NOK 493 (452) million - Cost-to-income ratio of 31.8 (29.4) %, despite merger-related costs of approximately NOK 26 million - Impairment losses on loans and guarantees of NOK 97 (73) million - Earnings per equity certificate of NOK 3.66 (4.01) - Common Equity Tier 1 (CET1) ratio of 18.1 (18.1) %, well above the capital target of 15.9 %

Sparebanken Norge will present its financial results for the third quarter of 2026 at 09:00 CET on Friday, 30 October 2026. The presentation will be available via live webcast. A link to the webcast will be published in advance on https://ir.sparebankennorge.no/webcast

Questions may be submitted to investorrelations@sbnorge.no before or during the presentation and will be addressed following the presentation. A recording of the presentation will be made available via the same link later that day.

An English-subtitled version of the presentation will be made available later the same day.

For further information, please contact: - Jan Erik Kjerpeseth, CEO, tel.: +47 951 98 430 - Hans Olav Ingdal, CFO, tel.: +47 948 09 328 - Brede Borgen Kristiansen, Director of Finance and Investor Relations, tel.: +47 479 06 402 - Hanne Dankertsen, Director of Communications, tel.: +47 994 49 173

Sparebanken Norge is the largest savings bank in Norway, serving more than 800,000 retail and corporate customers, with gross lending of more than NOK 513 billion, Norway's best mobile banking app, more than 1,600 full-time equivalents, and 72 branches across the country. Since 1823, we have built a strong position of trust with our customers, giving us a solid market position.

Through our affiliated product companies, we offer a complete range of financial services for all our retail and corporate customers. We take pride in being an independent financial group with headquarters in Bergen and Kristiansand, playing a central role in much of the value creation taking place in Norway.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.