Morrow Bank AB (STO:MORROW)

Morrow Bank AB Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	1,833	1,763	1,380	907	965.5
Interest Paid on Deposits	489.7	552.2	359.8	113.7	81.8
Net Interest Income	1,343	1,211	1,020	793.3	883.7
Net Interest Income Growth (YoY)	10.93%	18.65%	28.60%	-10.23%	-17.34%
Gain (Loss) on Sale of Investments	71.4	58.7	28.6	-2.1	4
Other Non-Interest Income	11.4	7.6	5.1	9.6	-11.3
Total Non-Interest Income	82.8	66.3	33.7	7.5	-7.3
Non-Interest Income Growth (YoY)	24.89%	96.74%	349.33%	-	-
Revenues Before Loan Losses	1,426	1,277	1,054	800.8	876.4
Provision for Loan Losses	673.6	661	526.7	292.1	267.1
Revenue	752	615.8	527.2	508.7	609.3
Revenue Growth (YoY)	22.12%	16.81%	3.64%	-16.51%	-21.49%
Salaries and Employee Benefits	135.1	118.1	102.3	130.8	156.4
Occupancy Expenses	51.4	44	35.7	79.1	77.3
Selling, General & Administrative	133.9	132	135.3	161.6	146.8
Other Non-Interest Expense	62.6	40.3	47.5	43	34.9
Total Non-Interest Expense	383	334.4	320.8	414.5	415.4
EBT Excluding Unusual Items	369	281.4	206.4	94.2	193.9
Asset Writedown	-	-	-	-92.7	-
Other Unusual Items	-	-	-	-	-472
Pretax Income	369	281.4	206.4	1.5	-278.1
Income Tax Expense	87.3	72.7	54.5	0.6	-69.4
Net Income	281.7	208.7	151.9	0.9	-208.7
Preferred Dividends & Other Adjustments	21.6	19.4	18.2	14.8	13.4
Net Income to Common	260.1	189.3	133.7	-13.9	-222.1
Net Income Growth	34.98%	37.39%	16777.78%	-	-
Basic Shares Outstanding	231	230	215	187	187
Diluted Shares Outstanding	234	233	218	191	187
Shares Change (YoY)	0.43%	6.96%	13.93%	2.40%	-1.52%
EPS (Basic)	1.13	0.82	0.62	-0.07	-1.19
EPS (Diluted)	1.11	0.81	0.61	-0.07	-1.19
EPS Growth	37.04%	32.79%	-	-	-
Dividend Per Share	0.400	0.400	-	-	-
Effective Tax Rate	23.66%	25.84%	26.41%	40.00%	-

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