1. Norway Stocks

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  3. •

    Banks - Regional
Morrow Bank ASA

Morrow Bank ASA

0EFW.L
Morrow Bank ASAGB flagLondon Stock Exchange
16.15
NOK
+1.20
- -
3.71BMarket Cap
Morrow Bank ASA
0EFW.L
(London Stock Exchange)

Recent

price

16.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.9
2.64
4.68
6.01
6.5
5.92
4.69
4.27
4.91
5.56
- -
6.15
Revenue per Share
- -
0.08
0.87
1.81
1.93
1.12
1.41
-1.12
- -
0.71
0.91
- -
1.22
Basic EPS, GAAP
- -
-0.18
-0.4
-5.29
5.02
-1.64
2.58
5.59
-2.49
1.94
1.9
- -
-3.24
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
0.42
- -
- -
- -
- -
- -
Dividend per Share
- -
0.78
1.72
3.63
4.44
5.38
6.59
4.94
4.86
5.06
5.55
- -
6.24
Book Value per Share
- -
2.09
4.66
8.87
8.89
9.43
11.57
9.69
10.18
10.3
10.45
- -
11.43
Tangible Book Value per Share
- -
149
148
152
171
181
186
187
187
215
230
- -
232
Basic Weighted Avg Shares
- -
134
391
709
1,031
1,176
1,101
876
801
1,054
1,277
1,426
1,426
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
5
6
14
29
55
72
77
172
36
44
51
51
Depreciation Expense
- -
11
129
274
331
203
263
-209
1
152
209
282
282
Net Income, GAAP
- -
39.89
26.96
25.76
25.28
27.43
24.59
- -
37.5
26.41
25.84
23.66
23.69
Effective Tax Rate (%)
- -
8.44
33.04
38.6
32.11
17.26
23.88
-23.82
0.11
14.41
16.35
19.76
19.75
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
64
464
464
65
65
152
151
237
352
952
952
LT Debt
163
334
718
1,402
1,620
1,850
2,304
1,964
1,953
2,279
2,469
2,718
2,718
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
12.99
69.57
67.98
50.51
23.41
23.93
-19.43
0.1
15.22
17.67
20.69
20.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
231
231
231
Market Capitalization
2,685
3,450
3,742

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.41%
3.96%
10.06%
Free Cash Flow
28.97%
-96.83%
-272.3%
Net Income, GAAP
1,773.82%
3,314.06%
34.98%
Sales/Revenue/Turnover
36.22%
7.08%
11.65%
Total Cash Common Dividend
- -
- -
17.58%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
235
269
264
286
1,054
2024
296
305
321
354
1,277
2025
344
350
354
378
1,426

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.2
0.2
0.16
0.15
0.71
2024
0.19
0.22
0.23
0.26
0.91
2025
0.27
0.3
0.32
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Morrow Bank ASA Morrow Bank ASA is a Norway-based digital niche bank focused on consumer finance, offering unsecured personal loans, credit cards with bonus programs and included insurance such as payment protection, travel and cancellation coverage, and ID theft protection services; high-yield deposit and savings accounts with monthly interest payouts and up to 4.50% rates; point-of-sale financing solutions; and related digital banking services including a mobile app for payments, transaction history, and account management. The bank, formerly known as Komplett Bank ASA, was founded in 2012, or received its banking license in 2014, and is headquartered in Lysaker, Norway, with operations targeting creditworthy consumers in Norway, Finland, Sweden, the Netherlands, and Germany through automated credit processes, diversified distribution channels, and a highly scalable digital platform emphasizing operational efficiency. Recent strategic developments include multiple acquisitions of Swedish consumer loan portfolios totaling nearly SEK 3 billion over the last 15 months, with the latest agreement in November 2025 to acquire a SEK 640 million performing portfolio from Moank that enhances profitability without increasing costs; receipt of a Swedish banking license from the FSA to become a full Swedish bank in 2026; a merger with Morgon Finans AB; and a planned relisting from Euronext Oslo to Nasdaq Stockholm on January 9, 2026, alongside an updated strategy targeting over 10% annual organic loan growth and around 20% return on target equity by end-2028.