SOGN SPAREBANK (SOGN) investor relations material

Executive summary

• Economic development in Q2 2026 aligned with expectations, with continued strong competition in banking and insurance but growth in assets under management.

• Result before losses was NOK 70.8 million, NOK 2.5 million lower than Q2 2025.

• Return on equity after tax was 8.56% as of June 30, 2026.

• Total comprehensive income was NOK 45.2 million, down NOK 17.5 million year-over-year, mainly due to changes in value of financial assets.

Financial highlights

• Net interest income for H1 2026 was NOK 85.8 million (2.04% of avg. assets), down from NOK 91.7 million (2.25%) in H1 2025.

• Net commission and other operating income totaled NOK 16.8 million (0.40% of avg. assets).

• Total operating income was NOK 128.4 million (3.06% of avg. assets), slightly down from NOK 131.3 million (3.22%).

• Operating expenses were NOK 57.6 million (1.37% of avg. assets), marginally lower than last year.

• Net profit after tax was NOK 56.1 million (1.34% of avg. assets), compared to NOK 57.1 million (1.40%).

Outlook and guidance

• Bank aims to continue being a visible partner for customers and communities, focusing on risk management, capital strength, and liquidity.

• Norges Bank raised the policy rate by 0.25 percentage points in May 2026, with further increases expected.

• Global economic uncertainty and geopolitical conflicts may impact Norwegian interest rates.

• No events after the reporting period requiring adjustments or disclosures.