Rogaland Sparebank

Investor Presentation • Aug 13, 2025

Rogaland Sparebank Q2 2025

Tomas Nordbø, CEO Sandnes 13.08.2025

Agenda

• Rogaland Sparebank - Good first half of the year
• Key figures 2nd quarter 2025

Financial targets for the strategy period 2025-2028

Return on equity >11%

Profitable growth >5%

* Total lending (including mergers) has increased by 16.9% Over the past 12 months Dividend [50-100%]

CET1 >16.8%

Rogaland Sparebank – a very good first half of the year

• Profit after tax: NOK 279.7 million (226.0 million)
• Return on equity after tax of 13.7% (12.8%)
• Profit per ECC (EPS) of NOK 7.4 (6.8)
• Lending growth over the past 12 months of 8.6% (8.0%)
• Net interest margin of 1.94% (1.94%)
• Net loss of MNOK 23.1 (20.2)
• Solid bank with CET1 capital 18.8% (17.5%)
• Total operating costs MNOK 208.1 (169.6)

Rogaland Sparebank for one year!

Sandnes Sparebank and Hjelmeland Sparebank merged on 1.8.2024

• Growth and new customers throughout the bank's market area
• We are investing in Ryfylke with more employees and upgrading the offices in Hjelmeland and Jørpeland
• High customer satisfaction from customers across the market area
• Established Aktiv Rogaland Real estate agent and bank in the same place
• Technical conversion completed in record time
• Employees well satisfied with the merger

Customers choose Rogaland Sparebank

Customers want a bank that is fast, local and personal!

• High activity and growth in both the private and corporate segments
• Interest rate cuts by Norges Bank increase market movement
• The local bank concept is holding up well and we are gaining market share
• Price growth in the housing market and few homes for sale
• House price inflation leads to increased interest in borrowing on housing – significant increase in borrowing compared with 2024

Loan growth 8.6% YoY

Including the effect of the merger, lending growth is 16.9% over the past 12 months

• Total lending has increased by NOK 2.6 billion (8.6%) over the past 12 months.
• In the last quarter, loans to customers increased by NOK 1.4 billion (4.0%)
• Including the merger, lending has increased by NOK 5.2 billion in the last 12 months (16.9%)
• the last 12 months, and up NOK 0.5 billion (5.9%) in the last quarter • Including the merger, lending has increased by 19.3% in the last 12 months for PM and 10.2% in the last 12 months for BM

• Lending to the retail market is up NOK 2.1 billion (9.3%) over the past 12 months. In the last quarter, lending increased by NOK 0.9 billion (3.4%). • Gross lending volume for the corporate market is up NOK 0.5 billion (6.4%) in

9,3 % 6,4 %

Community Contribution – Preventing fraud

Courses and AI in the fight against fraud

ne øker, dene blir mer ekulerte. ag fikk en full Sandnes lære an man rer moderne	Rogaland Sparebanks hoved- kontor i Sandnes tirsdag for- middag, da banken inviterte til svindelseminar. Billettene ble revet bort på kort tid, og salen ble full lenge før første lysbilde var vist. Det er fantastisk å se så mange møte opp. Dette viser at temaet er viktig, og at folk øns. ker å lære hvordan de kan be- skytte seg, sier Terese Helle- land, leder for kundeservice i Rogaland Sparebank. Sammen med Anders Bjørn- dal, fagansvarlig for antisvin-	Vi skulle ønske B vi kunne komme hjem til alle og hjelpe, men det har vi ikke kapasitet til Terese Helleland leder for kundeservice i Rogeland Sparebank	liarder. - Det er en vanvittig økning. Skandinavia var det snakk on over tre milliarder kroner i fjor Og tallene fortsetter å vokse, s han fra scenen. Gjennom hele seminaret ble det vist ekte eksempler p phishing-meldinger, falsk SMS-er, e-poster og henvendel ser fra tilsynelatende trygge av sendere. En av dem var fr. Skatteetaten, en annen fr. Finn.no. hvor en tilsynelatend kjøper ba om å ordne alt gjen nom «Helthiem»,
e - posandnesposter, no		Tapene vokser Biørndal apnet seminaret med en oversikt over hvor dramatisk svindelbildet har utviklet seg
en var så stor at ansatte ente frem ekstra stoler. o personer tok turen til	del, tok hun deltakerne gjen- nom en rekke virkelige svindel- saker - og forklarte hva man kan gjøre for å unngå å bli lurt.	de siste arene. I 2022 ble det re- gistrert svindel for 614 millio- ner kroner i norske banker. Aret etter var beløpet økt til 1,2 mil-	- Dette ser vi gang pa gang De spiller på tillit, og mange tenker at det haster - det er d det gar galt, sa Helleland.

• The fraud methods are becoming more sophisticated and the fraudsters are using advanced artificial intelligence.
• The bank has used AI tools to detect and stop suspicious transactions. This has had a very good effect.
• Increased focus on social manipulation and identity theft among customers.
• The bank has carried out fully booked fraud courses in all of the bank's market areas over the past six months.
• Fraud courses are an important social responsibility while preventing losses for the customer and the bank.

Agenda

• Rogaland Sparebank Good first half of the year
• Key figures 2nd quarter 2025

Profitability

-10

10

30

50

70

90

110

130

150

170

Continued improvement in underlying banking

• Hjelmeland Sparebanks was included in the figures from 1 August 2024

0,0 %

2,0 %

4,0 %

6,0 %

8,0 %

10, 0 %

12, 0 %

14, 0 %

• Return on equity 2023 excluding conversion costs 10.5%, 8.7% for 2022

0

100

200

300

400

500

600

• Return on equity 2024 adjusted for non-recurring effects in connection with merger is 11.0%

Net interest margin

Stable net interest margin

• 50% deposit coverage • Net interest margin parent bank 2,48 % (2,49 %)

Lending and deposit margins

Some change in lending margins and deposit margins as a result of changes in the NIBOR interest rate

Margins in the retail market – improvement in lending margins and weaker deposit margins

The deposit ratio PM is about 40%, PM accounts for 75% of the bank's total lending

Other income

Improvement in other income for the quarter

• Somewhat lower commission income from Aktiv eiendomsmegling in connection with the start-up of the new Aktiv Rogaland eiendomsmegling.

• The dividend from the Eika Group for 2024 is NOK 60.8 million (28.4 million) and has been booked in the second quarter of 2025
• The change in value in 3Q24 was related to accounting adjustments in connection with the merger between Hjelmeland and Sandnes Sparebank

Gross Commission Income

Steady increase in all types of commission income – High internal focus over time creates results

32,9 36,5 34,5 40,8 20,6 12,3 15,0 16,6 20,2 11,3 5,1 5,4 6,8 9,3 6,3 50,3 56,9 57,9 70,4 38,2 2021 2022 2023 2024 1H25 Securities management and trading Commission from the sale of insurance services Payment services and fee income

Operating Costs

Stable operating costs, but some increase in the cost base as a result of the merger

• Increase in the cost base of approximately 10% as a result of the merger with Hjelmeland Sparebank. From 1 September
• The number of full-time equivalents in the parent bank is stable at around 150 employees

0,25

0,35

0,45

0,55

0,65

0,75

0,85

0,95

1,05

1,15

1,25

• Cost-to-income ratio for banking operations in the first half of 2025 is 37%
• Replacing the core system from SDC to TietoEvry has been charged at 67 MNOK in the period 2021-2023.
• Merger costs Hjelmeland Sparebank is 44,6 MNOK in 2024

Underlying banking operations include the operation of the parent bank and the covered bond company

Lending to customers

The share of lending to the retail market has increased significantly over the past 5 years. Low exposure to real estate development

• Low exposure to cyclical industries
• Insignificant direct exposure to the oil industry
• Stable in commercial real estate

Losses on Loans and Guarantees

Stable low losses

• Loss distribution by step for 1H25
  • Step 1: -4.4 MNOK
  • Step 2: +11.4 MNOK
  • Step 3: +16 MNOK

0%

0%

0%

0%

0%

0%

Non-Performing and Doubtful Loans

Stable development, natural increase in connection with added lending volume through the merger

²¹⁵²³⁷ 380 425 433 97 0,85% 0,88% 1,29% 1,25% 1,21% 2021 Single engagement/estate 2022 2023 2024 1H25 Net non-performing and doutbful loans Net non-performing and doubtful loans in % of net lending

• The increase in defaults is mainly related to the restart bank, Balansebank, and in line with the mandate with 10% default as an expectation
• Individual commitments related to the estate of a deceased person as of 31.12.24 have been settled
• Hjelmeland Sparebank's volume is included from 1 August 2024

0% 0% 0% 0% 0% 0% 0% 0% 1% 1%

Well capitalised and equipped for further growth

CET1 capital ratio of 18.8%. Leverage ratio 8.3%

• CET-1 minimum requirement of 15.3% as of 1.8.24
• Internal target of 1.5% management buffer
• Internal capital target of 16.8% as of 1.8.24
• The bank expects a new Pillar 2 requirement in 2025. The Pillar 2 claim increased to 2.3% after the merger
• Effect new standard approach (CRR3) from 1.4.25 + 3.1% CET1 capital

Increase in lending volume and continued strong CET1

0 %

3 %

6 %

9 %

12%

Volume growth in the private market and SMEs requires less capital

0

5

10

15

20

25

30

35

40

Increase in lending volume has lower tied-up capital

Volume growth in the private market and SMEs requires less capital

Net commission income

	2021	2022	2023	2024	1H25
Guarantee commission	6.092	5.346	4.826	5.082	2.954
Securities brokerage and asset management	5.125	5.395	6.840	9.393	6.277
Payment services	17.023	36.532	34.470	40.856	20.647
Insurance	12.354	15.004	16.594	20.278	11.255
Other fees	18.234	2.050	1.947	4.489	3.875
Commission income and income from banking services	58.829	64.326	64.677	80.099	45.008
Commission expenses and expenses related to banking services	-9.126	-11.053	-11.619	-11.338	-6.383
Net commission income and income from banking services	49.702	53.273	53.057	68.760	38.626
Brokerage fee	28.548	27.764	27.844	34.179	11.908
Other commission income from real estate brokerage	11.401	12.315	14.689	16.976	4.018
Net commission income from real estate brokerage	39.949	40.079	42.533	51.155	15.926
Total net commission income	89.652	93.352	95.590	119.915	54.552

Non-Performing and Doubtful Loans Retail

Stable low default in ordinary retail market. Somewhat higher in the restart bank Balansebank

Gross default rate retail (over 90 days) Gross default rate retail (over 90 days)

• The expected default in Balansebank is 10%. Loans from Balansebank are secured in residental buildings up to 85% of the value

• Lending volume from Hjelmeland Sparebank has been added in 2024

Non-Performing and Doubtful Loans Corporate

Reducing the risk of corporate lending over several years results in less pressure on the portfolio given the current market situation

Gross default rate Corporate (over 90 days) Gross default rate Corporate (over 90 days)

• Loan volume from Hjelmeland Sparebank added in Q3 2024

Deposits From Customers

By division Deposit-to-Deposit Ratio

• Deposit volume from Hjelmeland Sparebank added in Q3 2024

Liquidity LCR at 248 % | NSFR at 124 %

• Norwegian municipalities has an internal rating of AA

Liquidity NOK 4.0 billion excl. cash

Liquidity portfolio composition Rating distribution Domestic Municipalities (RW20) Foreign 5 % Municipalities (RW0) 9 % Gov't Guaranteed 20 % Domestic Covered Bonds 57 % Foreign Covered Bonds 9 % 89% 11% 0% 0% 0% AAA A A A BBB B B

• Norwegian municipalities has an internal rating of AA

Key figures

	3Q23	4Q23	1Q24	2Q24	3Q24	4Q24	1Q25	2Q25	1H24	1H25
Growth assets	1 5 % ,	1 1 % ,	2 1 % ,	1 6 % ,	9 8 % ,	1 3 % ,	3 3 % ,	1 4 % ,	6 3 % ,	16 6 % ,
Growth (net) lending	% 1 4 ,	% 2 3 ,	% 1 9 ,	% 2 2 ,	% 9 5 ,	% 1 5 ,	% 1 1 ,	% 4 0 ,	% 8 0 ,	% 16 9 ,
Growth deposits	0 3 % ,	0 9 % ,	-1 2 % ,	2 1 % ,	16 2 % ,	1 5 % ,	-1 1 % ,	4 8 % ,	2 1 % ,	22 3 % ,
Net interest margin	% 1 90 ,	% 1 95 ,	% 1 94 ,	% 1 93 ,	% 2 01 ,	% 1 94 ,	% 1 99 ,	% 1 89 ,	% 1 94 ,	% 1 94 ,
Other income % of total income	19 0 % ,	11 2 % ,	16 2 % ,	31 2 % ,	37 1 % ,	15 2 % ,	18 7 % ,	32 5 % ,	24 5 % ,	26 5 % ,
Cost-to-income ratio	% 42 4 ,	% 51 2 ,	% 41 1 ,	% 35 4 ,	% 44 4 ,	% 49 4 ,	% 41 0 ,	% 37 3 ,	% 37 9 ,	% 39 0 ,
Costs % of total assets as av.	1 0 % ,	1 1 % ,	1 0 % ,	1 0 % ,	1 4 % ,	1 1 % ,	1 0 % ,	1 0 % ,	1 0 % ,	1 0 % ,
after Return equity tax on	% 11 1 ,	% 7 9 ,	% 10 3 ,	% 15 3 ,	% 15 1 ,	% 8 9 ,	% 13 8 ,	% 13 8 ,	% 12 8 ,	% 13 7 ,
Capital adequacy ratio	20 1 % ,	20 4 % ,	20 7 % ,	21 4 % ,	21 1 % ,	20 6 % ,	20 3 % ,	22 7 % ,	21 4 % ,	22 7 % ,
Tier 1 capital ratio	% 18 2 ,	% 18 5 ,	% 18 0 ,	% 18 7 ,	% 18 6 ,	% 18 2 ,	% 17 9 ,	% 20 0 ,	% 18 7 ,	% 20 0 ,
CET1	17 5 % ,	17 8 % ,	17 4 % ,	17 5 % ,	17 5 % ,	17 1 % ,	16 8 % ,	18 8 % ,	17 5 % ,	18 8 % ,
Risk-weighted assets	16 868	17 410	17 898	17 889	19 698	20 794	20 968	18 736	17 889	18 736
Number of man-years	155	154	152	150	181	181	165	165	150	165
Stock exchange price	83	91	101	96	107	126	138	143	96	143
Equity capital certificate % of equity	63 6 ,	63 6 ,	63 6 ,	63 7 ,	62 5 ,	62 3 ,	62 4 ,	62 6 ,	63 7 ,	62 6 ,
certificate Earnings equity capital per	2 8 ,	2 1 ,	2 8 ,	4 1 ,	3 8 ,	2 5 ,	3 7 ,	3 7 ,	6 8 ,	7 4 ,
Book value equity capital certificate per	102 0 ,	106 6 ,	109 3 ,	105 4 ,	108 6 ,	110 8 ,	105 4 ,	110 7 ,	105 4 ,	110 7 ,
% of Individual write-downs in lending gross	% 0 11 ,	% 0 17 ,	% 0 17 ,	% 0 16 ,	% 0 18 ,	% 0 19 ,	% 0 18 ,	% 0 18 ,	% 0 16 ,	% 0 18 ,
Coll . write-downs in % lending after ind . wr.-d	0 23 % ,	0 17 % ,	0 15 % ,	0 20 % ,	0 21 % ,	0 15 % ,	0 16 % ,	0 17 % ,	0 20 % ,	0 17 % ,
Deposits to loans ratio	% 50 2 ,	% 49 5 ,	% 48 1 ,	% 48 0 ,	% 51 0 ,	% 51 0 ,	% 49 9 ,	% 50 2 ,	% 48 0 ,	% 50 2 ,
Deposits to loans ratio parent bank	95 5 % ,	96 0 % ,	94 4 % ,	95 4 % ,	92 4 % ,	92 9 % ,	99 0 % ,	94 5 % ,	95 4 % ,	94 5 % ,

Definition of Key Figures

Rate of deposits to loans OB net loans to customers / OB deposits from customers

Liquidity coverage ratio (LCR) Liquid assets / net liquidity output within 30 days in a stress scenario

Net Stable Funding Ratio (NSFR) Available stable funding / required stable funding

Net Interest Income (NII) Interest income – interest expenses

Interest margin ((Net interest income / days in the period) x days in a year) / average total assets

Lending margin Avgerage loan rate – rolling average of 3month NIBOR rate

Deposit Margin Rolling average of 3month NIBOR rate – average deposit rate

Cost / income ratio Total operating costs / (net interest income + total other operating revenues)

Costs as a percentage of average total assets ((Total operating costs / days in the period) x days in a year) / average total assets

Return on equity before tax

(Operating profit before taxes / days in the period x days in a year) / ((OB total equity + IB total equity) / 2

Return on equity after tax

(Operating profit after taxes / days in the period x days in a year) / ((OB total equity + IB total equity) / 2

Equity certificate capital in % of equity

(Equity certificate capital + own equity certificate + share premium + dividend equalisation reserve) / (Equity certificate capital + own equity certificate + share premium + dividend equalisation reserve + savings bank`s fund + gift fund)

Earnings per equity certificate

(Operating profit after taxes x equity certificate capital in % of equity) / number of equity certificates

Book value per equity certificate

OB total equity x equity certificate capital in % of equity / number of equity certificates

Price / Book (P/B) Market price / book value per equity certificate

Operating profit before write downs and taxes

Operating profit after tax + tax cost + write downs on lending and guarantees

This presentation has been prepared solely for promotion purposes of Rogaland Sparebank. The presentation is intended as general information and should not be construed as an offer to sell or issue financial instruments. The presentation shall not be reproduced, redistributed, in whole or in part, without the consent of Rogaland Sparebank. Rogaland Sparebank assumes no liability for any direct or indirect losses or expenses arising from an understanding of and/or use of the presentation.