Morrow Bank AB (STO:MORROW)
Sweden
· Delayed Price · Currency is SEK | Market Cap | 2.99B |
| Revenue (ttm) | 687.59M |
| Net Income (ttm) | 237.82M |
| Shares Out | 231.38M |
| EPS (ttm) | 1.01 |
| PE Ratio | 12.75 |
| Forward PE | 9.65 |
| Dividend | 0.40 (3.07%) |
| Ex-Dividend Date | n/a |
| Volume | 120,230 |
| Average Volume | 559,450 |
| Open | 12.82 |
| Previous Close | 12.84 |
| Day's Range | 12.78 - 13.14 |
| 52-Week Range | 11.21 - 15.65 |
| Beta | n/a |
| RSI | 50.81 |
| Earnings Date | May 13, 2026 |
About Morrow Bank AB
Morrow Bank AB provides unsecured financing to consumers in Norway, Sweden, and Finland. The company offers deposit products, consumer loans, and credit cards. Morrow Bank AB was founded in 2012 and is headquartered in Stockholm, Sweden. [Read more]
Financial Performance
In 2025, Morrow Bank AB's revenue was 752.00 million, an increase of 22.12% compared to the previous year's 615.80 million. Earnings were 260.10 million, an increase of 37.40%.
Financial numbers in NOK Financial StatementsNews
Morrow Bank AB Earnings Call Transcript: Q4 2025
Delivered 31% year-over-year profit growth in 2025, with a 21% increase in the loan book and improved cost-income and loan loss ratios. Raised 2026 loan book target to SEK 19 billion, aiming for 10% annual growth and 20% return on equity by 2028.
Morrow Bank AB Transcript: Investor Update
A Nordic consumer finance platform, now based in Sweden, has doubled its lending book since 2022 and achieved a 55% profit CAGR. With a scalable model, it targets 10% annual organic growth, further M&A, and a 20% return on equity by 2028.
Morrow Bank AB Transcript: Strategy update
Transitioning to a Swedish bank and Nasdaq Stockholm listing, the group targets at least 10% annual organic growth, supported by SEK 1 billion in excess capital for expansion and M&A. Loan book and earnings have doubled since 2021, with a focus on efficiency, risk management, and scalable technology.
Morrow Bank AB Earnings Call Transcript: Q3 2025
Q3 2024 saw pre-tax profit rise 32% year-over-year, driven by strong loan growth and improved cost efficiency. The bank raised its 2026 and 2028 targets, with ambitions for over 10% annual growth and a 20% return on equity, as it prepares to re-domicile to Sweden.
Morrow Bank AB Earnings Call Transcript: Q2 2025
Q2 2025 saw 35% profit growth and strong loan expansion, especially in Finland. Upgraded 2026 targets include higher loan growth and return on equity, with redomiciliation to Sweden and Nasdaq Stockholm relisting planned for January.
Morrow Bank AB Earnings Call Transcript: Q1 2025
Pre-tax profit rose 43% year-on-year to NOK 83 million, with strong cost efficiency and a stable loan loss ratio. A Swedish banking license was granted, and a cross-border merger and relisting are planned, supporting raised return targets and continued dividend payments.
Morrow Bank AB Transcript: Investor Update
Strong 2024 performance with 637% profit growth, industry-leading efficiency, and a 140% shareholder return. Plans to move headquarters to Sweden aim to boost return on equity to 20% and unlock further growth, with a 5% organic growth target and continued focus on cost control.
Morrow Bank AB Earnings Call Transcript: Q4 2024
Delivered strong 2024 results with 38% loan book growth, 21% income growth, and 36% higher profit before tax. Cost-income ratio improved to 25.9%, loan loss ratio declined, and a dividend of NOK 0.40 per share is proposed. Swedish banking license process and capital optimization underway.
Morrow Bank AB Earnings Call Transcript: Q3 2024
Strong quarterly results with 25% loan book growth, 50% year-over-year profit increase, and improved cost efficiency. Raised return on equity target to 12%-14% and submitted a Swedish banking license application, aiming for further growth and market expansion.
Morrow Bank AB Earnings Call Transcript: Q2 2024
Strong Q2 performance with 2% loan book growth, 3.1% income growth, and a 26% cost-income ratio. Loan losses trended down, ROE improved to 8.5%, and a NOK 700 million Swedish loan portfolio was acquired, expected to boost results from 2025.
Morrow Bank AB Transcript: Investor Update
A scalable Nordic digital bank has achieved strong growth, reduced costs, and improved profitability, with 75% of its loan book outside Norway. Focus remains on Finland and Sweden for expansion, with further growth, cost discipline, and potential relocation under consideration.