Morrow Bank AB (STO:MORROW)

Morrow Bank AB Balance Sheet

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
Cash & Equivalents	957.8	2,036	1,498	775.8	1,271
Investment Securities	2,923	2,589	926.1	1,454	883
Total Investments	2,923	2,589	926.1	1,454	883
Gross Loans	18,521	15,297	11,789	9,640	8,220
Allowance for Loan Losses	-1,650	-1,449	-712.5	-529.4	-822.2
Net Loans	16,871	13,848	11,076	9,111	7,398
Property, Plant & Equipment	14.5	18.3	22	3.5	9.1
Other Intangible Assets	69.5	68	66.9	45.3	153.5
Other Receivables	8.5	9.8	14.7	29.2	286.8
Restricted Cash	66.3	47.7	31.9	32	31.3
Long-Term Deferred Tax Assets	-	-	29.5	77.9	73.4
Other Long-Term Assets	-	-0.1	-	0.1	0.1
Total Assets	20,910	18,617	13,665	11,528	10,106
Accounts Payable	47.7	44.5	42.6	67.1	38.6
Accrued Expenses	13.2	10.4	10.4	9.5	16.3
Interest Bearing Deposits	17,155	15,705	11,096	9,348	7,934
Total Deposits	17,155	15,705	11,096	9,348	7,934
Current Portion of Leases	12.3	18.8	21.2	5	-
Current Income Taxes Payable	84	31.3	-	-	0.1
Other Current Liabilities	613.1	67.9	51.1	80.5	78.7
Long-Term Debt	265	265	165	65	65
Long-Term Leases	-	-	-	-	8.8
Long-Term Deferred Tax Liabilities	1.5	5.4	-	-	-
Other Long-Term Liabilities	1.1	-	-	-	-
Total Liabilities	18,193	16,148	11,386	9,575	8,141
Common Stock	231.4	230	229.4	187.6	187.1
Additional Paid-In Capital	996.1	993.5	993.4	843.1	840.5
Retained Earnings	1,215	1,046	856.7	723	736.9
Comprehensive Income & Other	275	199.5	199.4	199.6	199.6
Shareholders' Equity	2,718	2,469	2,279	1,953	1,964
Total Liabilities & Equity	20,910	18,617	13,665	11,528	10,106
Total Debt	277.3	283.8	186.2	70	73.8
Net Cash (Debt)	680.5	1,753	1,312	705.8	1,197
Net Cash Growth	-61.17%	33.59%	85.87%	-41.02%	8.00%
Net Cash Per Share	2.91	7.52	6.02	3.69	6.40
Filing Date Shares Outstanding	231.38	230	229.36	187.59	187.41
Total Common Shares Outstanding	231.38	230	229.36	187.59	187.14
Book Value Per Share	10.56	9.87	9.07	9.35	9.43
Tangible Book Value	2,648	2,401	2,212	1,908	1,811
Tangible Book Value Per Share	10.26	9.57	8.77	9.11	8.61

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