Morrow Bank AB Balance Sheet

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
Cash & Equivalents	1,275	2,036	1,498	775.8	1,271	1,173
Investment Securities	2,528	2,589	926.1	1,454	883	1,848
Total Investments	2,528	2,589	926.1	1,454	883	1,848
Gross Loans	17,062	15,385	11,789	9,640	8,220	9,507
Allowance for Loan Losses	-1,875	-1,537	-712.5	-529.4	-822.2	-1,146
Net Loans	15,187	13,848	11,076	9,111	7,398	8,361
Property, Plant & Equipment	15.5	18.3	22	3.5	9.1	13.2
Other Intangible Assets	68.7	68	66.9	45.3	153.5	154.2
Other Receivables	25.5	9.8	14.7	29.2	286.8	5.5
Restricted Cash	-	47.7	31.9	32	31.3	31.1
Long-Term Deferred Tax Assets	-	-	29.5	77.9	73.4	-
Other Long-Term Assets	-	-0.1	-	0.1	0.1	-
Total Assets	19,099	18,617	13,665	11,528	10,106	11,586
Accounts Payable	-	44.5	42.6	67.1	38.6	27.5
Accrued Expenses	-	10.4	10.4	9.5	16.3	17
Interest Bearing Deposits	15,915	15,705	11,096	9,348	7,934	8,992
Total Deposits	15,915	15,705	11,096	9,348	7,934	8,992
Current Portion of Leases	-	18.8	21.2	5	-	-
Current Income Taxes Payable	27.7	31.3	-	-	0.1	82.9
Other Current Liabilities	-	67.9	51.1	80.5	78.7	98
Long-Term Debt	265	265	165	65	65	65
Long-Term Leases	-	-	-	-	8.8	-
Long-Term Deferred Tax Liabilities	67.5	5.4	-	-	-	0.5
Other Long-Term Liabilities	181.3	-	-	-	-	-
Total Liabilities	16,457	16,148	11,386	9,575	8,141	9,283
Common Stock	231.2	230	229.4	187.6	187.1	186.6
Additional Paid-In Capital	995.6	993.5	993.4	843.1	840.5	835
Retained Earnings	1,141	1,046	856.7	723	736.9	-
Comprehensive Income & Other	274.9	199.5	199.4	199.6	199.6	1,282
Shareholders' Equity	2,642	2,469	2,279	1,953	1,964	2,304
Total Liabilities & Equity	19,099	18,617	13,665	11,528	10,106	11,586
Total Debt	265	283.8	186.2	70	73.8	65
Net Cash (Debt)	1,010	1,753	1,312	705.8	1,197	1,108
Net Cash Growth	148.52%	33.59%	85.87%	-41.02%	8.00%	116.85%
Net Cash Per Share	4.27	7.52	6.02	3.69	6.40	5.84
Filing Date Shares Outstanding	231.2	230	229.36	187.59	187.41	186.86
Total Common Shares Outstanding	231.2	230	229.36	187.59	187.14	186.61
Book Value Per Share	10.24	9.87	9.07	9.35	9.43	11.03
Tangible Book Value	2,574	2,401	2,212	1,908	1,811	2,149
Tangible Book Value Per Share	9.94	9.57	8.77	9.11	8.61	10.21

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