Morrow Bank AB Income Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	1,846	1,763	1,380	907	965.5	1,214
Interest Paid on Deposits	529.4	552.2	359.8	113.7	81.8	144.8
Net Interest Income	1,317	1,211	1,020	793.3	883.7	1,069
Net Interest Income Growth (YoY)	14.13%	18.65%	28.60%	-10.23%	-17.34%	-1.65%
Gain (Loss) on Sale of Investments	78.2	58.7	28.6	-2.1	4	11.6
Other Non-Interest Income	7.4	7.6	5.1	9.6	-11.3	19.7
Total Non-Interest Income	85.6	66.3	33.7	7.5	-7.3	31.3
Non-Interest Income Growth (YoY)	57.06%	96.74%	349.33%	-	-	-64.63%
Revenues Before Loan Losses	1,403	1,277	1,054	800.8	876.4	1,100
Provision for Loan Losses	677.6	661	526.7	292.1	267.1	324.3
Revenue	724.9	615.8	527.2	508.7	609.3	776.1
Revenue Growth (YoY)	26.91%	16.81%	3.64%	-16.51%	-21.49%	7.61%
Salaries and Employee Benefits	129.9	118.1	102.3	130.8	156.4	143.8
Occupancy Expenses	49.3	44	35.7	79.1	77.3	72.1
Selling, General & Administrative	136.2	132	135.3	161.6	146.8	151.6
Other Non-Interest Expense	56.3	40.3	47.5	43	34.9	20.1
Total Non-Interest Expense	371.7	334.4	320.8	414.5	415.4	387.6
EBT Excluding Unusual Items	353.2	281.4	206.4	94.2	193.9	388.5
Asset Writedown	-	-	-	-92.7	-	-
Other Unusual Items	-	-	-	-	-472	-40
Pretax Income	353.2	281.4	206.4	1.5	-278.1	348.5
Income Tax Expense	87.1	72.7	54.5	0.6	-69.4	85.7
Net Income	266.1	208.7	151.9	0.9	-208.7	262.8
Preferred Dividends & Other Adjustments	20.5	19.4	18.2	14.8	13.4	9.3
Net Income to Common	245.6	189.3	133.7	-13.9	-222.1	253.5
Net Income Growth	45.09%	37.39%	16777.78%	-	-	29.52%
Basic Shares Outstanding	228	230	215	187	187	186
Diluted Shares Outstanding	236	233	218	191	187	190
Shares Change (YoY)	11.28%	6.96%	13.93%	2.40%	-1.52%	0.79%
EPS (Basic)	1.07	0.82	0.62	-0.07	-1.19	1.36
EPS (Diluted)	1.04	0.81	0.61	-0.07	-1.19	1.34
EPS Growth	46.90%	32.79%	-	-	-	26.41%
Dividend Per Share	0.400	0.400	-	-	-	0.420
Effective Tax Rate	24.66%	25.84%	26.41%	40.00%	-	24.59%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.