SPAREBANK 1 NORDMØRE (SNOR) investor relations material

Executive summary

• Achieved strong customer satisfaction and continued robust growth, supported by positive feedback in customer surveys and solid underlying operations.

• Maintained optimism in the business sector and low unemployment in the market area, despite ongoing macroeconomic uncertainty.

• The group operates mainly in Møre og Romsdal, offering a full range of financial services.

Financial highlights

• Profit before tax for H1 2026 reached 318 MNOK, up from 293 MNOK in H1 2025.

• Return on equity for H1 2026 was 11.4%, an improvement from 8.3% in H1 2025.

• Net interest income for Q2 2026 was 206 MNOK, with a year-to-date total of 346 MNOK.

• Cost/income ratio improved to 39.2% for H1 2026.

• Loan loss provisions increased to NOK 48 million.

Outlook and guidance

• Expecting continued growth in lending and market share, but with lower margins and reduced cost growth in 2026 compared to 2025.

• Regional economic indicators remain positive, with business optimism and low unemployment supporting future performance.

• Norges Bank raised the policy rate to 4.25% in May, but inflation has since moderated.

• The group maintains a long-term target of over 11% return on equity.