SpareBank 1 SMN: Strengthening the group through new launches and profitable growth

SpareBank 1 SMN achieved a profit of NOK 954 million after tax in the third
quarter of 2026, equating to a return on equity of 12.4 per cent in the quarter.
The return for the first nine months of the year is 13.2 per cent, and thus
above target.

The bank is extremely well-positioned, with a Common Equity Tier 1 capital ratio
of 17.1 per cent, well above both its own and regulatory requirements. The group
is maintaining strict cost control and streamlining its operations while
investing in new expertise, market presence and technology.

"SpareBank 1 SMN has built a strong position by developing its financial centres
as active stakeholders in local communities throughout Central Norway. Our
centres ensure proximity to people and businesses, and enable us to support them
with our full range of expertise in everything from banking and insurance to
estate agency and accounting. Combined with the market's best digital solutions,
our local presence makes everyday life easier for our customers," says Group CEO
Jan-Frode Janson.

SpareBank 1 SMN already operates 25 financial centres across Central Norway and
one in Oslo, and is currently establishing a further centre in Lillestrøm
following the integration of Statera Accounting into SpareBank 1 Regnskapshuset
SMN.
 
"We are the market leader in Central Norway, where we have consciously
strengthened our presence by opening several new financial centres in recent
years, including one in Kristiansund. We are now expanding our home market using
the same successful strategy of acquiring local accountancy firms and developing
them into financial centres," says Janson.

Lending growth over the past 12 months stands at 5.2 per cent, bringing total
lending to NOK 268.3 billion. Lending to retail customers is up 5.5 per cent,
while lending to corporate clients has increased by 5.9 per cent,  both over the
same period. Deposit growth has risen by 0.9 per cent over the past 12 months,
bringing the bank's total deposits to NOK 150.3 billion.

EiendomsMegler 1 Midt-Norge continues to enjoy high activity levels, but has
seen a slight drop in the number of sales and new assignments as the residential
market has slowed. The profit for the third quarter was NOK 15 million.
SpareBank 1 Regnskapshuset SMN continues to grow, mainly through acquisitions,
while at the same time implementing a significant restructuring of its business
from traditional accountancy to consultancy. The company reported a loss of NOK
13 million for the quarter, largely due to seasonal fluctuations. SpareBank 1
Finans Midt-Norge posted a profit of NOK 65 million in the third quarter,
roughly on a par with the same quarter last year. 

Key figures, Q3 2026
(Consolidated figures. Figures in brackets refer to the corresponding period
last year, unless otherwise specified.) 

Profit after tax: NOK 954 million (NOK 1,171 million)
Return on equity: 12.4 per cent (15.9 per cent)
Common Equity Tier 1 ratio: 17.1 per cent (17.8 per cent)
Lending growth: 1.3 per cent (0.8 per cent) 
Deposit growth: -3.5 per cent (-0.3 per cent)
Losses on loans and guarantees: NOK 17 million (NOK 27 million)
Profit per equity certificate: NOK 4.19 (NOK 5.19)

Contacts
Executive Director Finance and Strategy Trond Søraas, tel. +47 922 36 803 
Executive Director Rolf Jarle Brøske, tel. +47 911 12 475 

This information is disclosable under section 5-12 of the Securities Trading
Act.
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This information is disclosable under section 5-12 of the Securities Trading\
Act.\