SpareBank 1 Helgeland : 1st QuarterPresentation Q1

Presentation

Q1 2024

- A driving force for growth in Helgeland

Presentation 31.03.24 (SBH group)

Hanne Nordgaard	Anne Ekroll
Chief Executive Officer	Finansdirektør

• Main features

Financial targets

Profitable

The bank has a ROE target on level with comparable banks, p.t. 11 %.

Solid

The target for CET1 of 17.5 % includes a buffer of 1.3 %.

Efficient

Long term cost target of 40 % of income

Responsible

Dividend ratio of minimum 50 % of the dividend basis

ROE >11 %

CET1

>17.5 %

Cost growth

C/I: <40 %

Dividend ratio Minimum 50 %

Main features so far this year

Gross Profit	ROE*
MNOK 179 (184)	12.3 (12.7) %
	*adjusted for hybrid capital

Total assets	Solidity
CET 17,7
37.4 (38.4) mrd. Kr
(18.7) %

• Profit & loss

Summary Q1

SpareBank 1 Helgeland (group)	Q2 2023	Q3 2023	Q4 2023	Q1 2024
Net interest- and credit comission earnings	233	253.8	265	254
Net comission earnings	40	40	39	39
Other operatios income	4	1.2	2	2
Ordinary operations cost	100	100	113	107
Result basic operations	177	195	193	188
Write-downs lending and warranties	37	10.5	43	53
Net value change financial instruments	6	-2	-13	44
Gross profit	147	182.5	137	179
Net profit	111	134	101	144
Net extended income posts	-2	0	1	0
Profit for the period	109	134	102	144

Summary Q1

The PLA this quarter is affected by

dividend income from product companies

and increased write-downs in lending.

• Net interest of MNOK 254, a decrease of MNOK 11 from last quarter.
• Net commission income of MNOK 41, same as last quarter.
• Net value change and gains/loss on financial investments amounts to MNOK 44, an increase of MNOK 57 from last quarter
• • Dividend from product and alliance companies of MNOK 39
  • Net profit from joint ventures of MNOK -1
  • Net profit from other financial investments and commitments of MNOK 6

• Write-downson lending, MNOK 53 against MNOK 43 last quarter

Some decrease in profit

Profit development (MNOK)

650

563137

181

183

264131

		147		12,3 %
	104
	147	184		179
	2022	2023		2024
Q1	Q2	Q3	Q4	ROE %

Intern - Helgeland

Profit

Decrease in gross profit of MNOK 179

1. pr. 31.03.24
   • ROE of 12.3 %*
   (ROE is adjusted for hybrid capital)

PLA affected by high income and write-downs in lending

Change in gross profit (MNOK)

				3	20	-6	-43				250
21
											200
															150
184											179		100
															50
															0

Intern - Helgeland

Gross profit is MNOK 5 lower than for the corresponding period last year.

• Increase in net interest
• Increased operating costs and write- downs.
• Improvement in profit from financial investments related increased dividend from product and alliance companies and better result on placements in the current year
• Increase in commission income