NONG: Good profitability and capacity for further growth

SpareBank 1 Nord-Norge reports a profit before tax of NOK 2,996 million for the
first nine months of 2026, compared with NOK 3,296 million in the same period
last year. Return on equity is 16.0 per cent, well above the Group's long-term
target of 14 per cent. 

- We are delivering a good ROE and have a solid foundation for further
profitable growth. Our priorities remain firm: we aim to be the first choice for
people and businesses in the north, make full use of the ecosystems within the
Group and the SpareBank 1 Alliance, and operate ever more efficiently, says CEO
Hanne Karoline Kræmer. 

The cost-to-income ratio is 33.1 per cent, well within the Group's long-term
target of below 35 per cent. 

- We launched an efficiency project in spring 2025 with the ambition of reducing
annual costs by approximately NOK 50 million by the end of 2026, all else being
equal. The work has been based on natural attrition, simpler work processes and
cutting activities that do not create value. We have achieved this goal a few
months ahead of schedule and have reduced staffing by more than 50 full-time
equivalents without using severance packages or other incentives. I am pleased
with that, says Kræmer, while emphasizing that the efficiency work will continue
in order to maintain the Group's position as a cost leader.
 
Net loan losses total NOK 101 million so far this year, compared with NOK 23
million in the same period last year. The Common Equity Tier 1 capital ratio is
17.0 per cent, compared with 16.2 per cent a year earlier. 

- Loss provisions are somewhat higher than at the same time last year, but most
of this consists of model-based provisions. Underlying losses remain low,
although we have seen a slight increase so far this year. Northern Norway is
doing well, even though our region is also affected by uncertainty and
geopolitical unrest. Our strong capital position and good profitability provide
a sound basis for financing our customers' investments and further developing
the Group's position in Northern Norway, regardless of the macroeconomic
environment, says Kræmer. 

SpareBank 1 Nord-Norge presents its Q3 2026 results on Friday 30 October at
09:30 CET. Group CEO Hanne Karoline Kræmer and CFO Bengt Olsen will host the
presentation in Norwegian. Watch the livestream at snn.no/investor and submit
questions to investor@snn.no.
 
Key figures as of 30 September 2026: 
- Profit before tax: NOK 2,996 million (3,296) 
- ROE: 16 % (19 %) 
- C/I: 33.1 % (31.5 %) 
- Loan losses: NOK 101 million (23) 
- CET1 capital ratio: 17 % (16.2 %) 
 
(Corresponding figures for 2025 in brackets) 
 
Contacts: 
- CEO Hanne Karoline Kræmer, phone (+47) 414 70 483 
- CFO Bengt Olsen, phone (+47) 975 89 560 
- COS Stein Vidar Loftås, phone (+47) 951 26 576 

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act. This stock exchange announcement was
published by Morten Tønder Albertsen, Head of Communications at SpareBank 1
Nord-Norge, on October 30, 2026 at 07:30 CET. 
ead of Communications at SpareBank 1\
Nord-Norge\, on October 30\, 2026 at 07:30 CET. \