Trøndelag Sparebank (TRSB) investor relations material

Executive summary

• Completed a merger agreement with Ørland Sparebank, forming a stronger regional bank with over NOK 18 billion in business capital and maintaining all local offices; Eika chosen as alliance partner.

• Investments in regulatory compliance and risk management increased costs in the first half of 2026.

• Focus on comprehensive service offering, including banking, accounting, and real estate services, to enhance customer value.

• Maintained strong local engagement and support for community initiatives and agriculture.

Financial highlights

• Net profit after tax for Q2 2026 was NOK 22.8 million, down from NOK 49.2 million in Q2 2025, impacted by lower net interest income and one-off costs.

• Net interest income for Q2 2026 was NOK 95.8 million, with a margin of 1.88%, down from NOK 103.3 million and 2.16% in Q2 2025.

• Total lending including Eika Boligkreditt reached NOK 10.2 billion, up 7.8% year-over-year.

• Customer deposits were NOK 6.3 billion, a decrease of 1.7% from the previous year.

• Equity at quarter-end was NOK 1.2 billion.

Outlook and guidance

• Merger with Ørland Sparebank expected to be finalized in Q2 2027, pending regulatory and shareholder approvals, and is anticipated to enhance competitiveness and brand strength.

• Anticipates continued pressure on net interest margins due to strong competition and interest rate changes.

• Expects no further one-off costs for anti-money laundering projects in the second half of 2026.

• One-off merger costs of approximately NOK 4.5 million expected for 2026, with further legal and technical costs in 2027.