SPAREBANK 1 RINGERIKE HADELAND (RING) investor relations material

Executive summary

• Net profit for H1 2026 was NOK 362 million, down from NOK 391 million in H1 2025, with an annualized ROE of 14.0% and strong capital position, despite margin pressure and lower net interest income year-over-year.

• Net profit after tax for Q2 2026 was NOK 197 million, down from NOK 244 million in Q2 2025, with a return on equity of 16.0%.

• Lower net interest income and increased operating costs contributed to the decline, partially offset by strong growth in non-interest income, especially in payments and insurance.

• Maintained high customer satisfaction and leading market positions in core regions, recognized for best customer service in 2026.

• Credit quality remains strong, with low levels of defaults and loss provisions.

Financial highlights

• Net interest income (incl. commissions) for H1 2026 was NOK 413 million, down 6.2% year-over-year; Q2 2026 net interest income was NOK 193 million.

• Net commission and other income for H1 2026 was NOK 200 million; net result from financial investments for Q2 2026 was NOK 90 million.

• Cost-to-income ratio (excl. financials) at 40.7% for H1 2026; group cost/income ratio for Q2 2026 was 35.8%.

• Earnings per equity certificate (EPS) for H1 2026 was NOK 22.49.

• CET1 ratio at 17.4% at Q2 2026, with a 2.5 percentage point buffer to regulatory requirements.

Outlook and guidance

• Expect continued high competition in the mortgage market and subdued optimism in the corporate sector.

• Uncertainties remain due to geopolitics, interest rates, inflation, and international trade, but high employment and expected income growth provide a solid foundation.

• Low credit losses and defaults expected to persist, but some increase possible due to high interest rates and inflation.

• Focus remains on balancing solidity, profitability, cost control, and growth, with further development of customer experience.