OM:MORROWBanks
Morrow Bank (OM:MORROW) Stock Growth Meets Uncomfortable Credit Risk Reality
Morrow Bank stock has been grinding higher in recent months, yet today’s Q2 release put the focus squarely on the less comfortable side of the story. The headline looks clean enough with basic earnings per share at 0.31 SEK and profit before tax at SEK 100m, but the real flashpoint sits on the balance sheet. A high share of non performing loans and a relatively thin allowance for bad debts now matter more than the headline growth narrative.
Love the earnings momentum in Morrow Bank but uneasy...