SOGN SPAREBANK (SOGN) investor relations material

Executive summary

• Result before losses for Q1 2026 was NOK 30.1 million, down NOK 1.9 million from Q1 2025, with economic development in line with expectations.

• Net interest income declined year-over-year, partially offset by other income and loan growth.

• Return on equity after tax was 6.82% as of March 31, 2026.

• Total comprehensive income after tax was NOK 23.9 million, a decrease of NOK 4.9 million from Q1 2025.

Financial highlights

• Net interest income: NOK 43.9 million (2.13% of avg. assets), down from NOK 47.1 million (2.34%) in Q1 2025.

• Other operating income: NOK 8.4 million (0.41% of avg. assets), up from NOK 6.5 million (0.32%).

• Operating expenses: NOK 28.4 million (1.37% of avg. assets), slightly lower than last year.

• Profit after tax: NOK 22.2 million (1.08% of avg. assets), down from NOK 25.2 million (1.25%).

• Total assets: NOK 8,445.7 million, up 3.16% year-over-year.

Outlook and guidance

• The bank aims to continue strengthening operations and increasing income, with a focus on risk management and maintaining strong capital and liquidity.

• Norges Bank raised the policy rate by 0.25% in May 2026, with further increases expected, adding uncertainty to the economic outlook.

• No events after the reporting period require adjustments or additional disclosures.