NIDAROS SPAREBANK (NISB) investor relations material

Executive summary

• Achieved strong growth in both personal and business markets, with forvaltningskapital up 12% to NOK 5,334 million and forretningskapital up 16% to NOK 7,141 million year-over-year.

• Completed acquisition of Personellservice Trøndelag's portfolio, adding significant deposits and customers, with further integration ongoing in Q1 2026.

• Focused on sustainable growth, digital transformation, and enhanced customer experience through strategic alliances and IT upgrades.

Financial highlights

• Ordinært resultat etter skatt increased to NOK 43.5 million (from NOK 35.0 million in 2024).

• Egenkapitalavkastning after tax rose to 8.0% (from 6.7%).

• Net interest margin slightly decreased to 2.3% (from 2.4%).

• Cost/income ratio improved to 63.7% (from 64.8%).

• Total assets (forvaltningskapital) reached NOK 5,334 million, up from NOK 4,756 million.

• Customer deposits increased to NOK 3,626 million (from NOK 3,149 million), with deposit coverage at 89%.

• Brutto utlån to customers rose to NOK 4,080 million (from NOK 3,845 million).

• Proposed dividend of NOK 5.75 per equity certificate, payout ratio at 80%.

Outlook and guidance

• Expectation of continued strong growth in 2026, leveraging increased deposits to fund lending growth with improved margins.

• One-off costs related to IT migration and Personellservice Trøndelag integration estimated at NOK 15 million in 2026, expected to impact cost/income and ROE temporarily.

• Anticipate improved underlying operations and efficiency gains from 2027.