Morrow Bank ASA

DB:KBN Stock Report

Market Cap: €172.3m

Morrow Bank Past Earnings Performance

Past criteria checks 4/6

Morrow Bank's earnings have been declining at an average annual rate of -19.5%, while the Banks industry saw earnings growing at 18% annually. Revenues have been declining at an average rate of 7.9% per year. Morrow Bank's return on equity is 7.6%, and it has net margins of 28.9%.

Key information

-19.5%

Earnings growth rate

-23.5%

EPS growth rate

Banks Industry Growth10.6%
Revenue growth rate-7.9%
Return on equity7.6%
Net Margin28.9%
Next Earnings Update13 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Morrow Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:KBN Revenue, expenses and earnings (NOK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 245711652880
30 Jun 245411472860
31 Mar 245311382800
31 Dec 235271342730
30 Sep 23481133010
30 Jun 23475-43170
31 Mar 23490-93420
31 Dec 22509-143720
30 Sep 221,0451113670
30 Jun 22558-2633790
31 Mar 22581-2493860
31 Dec 21609-2223810
30 Sep 21215-1864000
30 Jun 217722433860
31 Mar 218002703750
31 Dec 207762543680
30 Sep 206321783210
30 Jun 206561853320
31 Mar 206691703370
31 Dec 197212003470
30 Sep 198633123530
30 Jun 198383073400
31 Mar 198203333230
31 Dec 187823283010
30 Sep 187163042750
30 Jun 187133212500
31 Mar 186492912250
31 Dec 175912711950
30 Sep 175352471810
30 Jun 174361941540
31 Mar 173701651300
31 Dec 163061291140
30 Sep 16243931030
30 Jun 1618658940
31 Mar 1613931860
31 Dec 1510111760
30 Sep 1575-11810
31 Dec 1420-31560

Quality Earnings: KBN has high quality earnings.

Growing Profit Margin: KBN's current net profit margins (28.9%) are higher than last year (2.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KBN's earnings have declined by 19.5% per year over the past 5 years.

Accelerating Growth: KBN's earnings growth over the past year (1151.5%) exceeds its 5-year average (-19.5% per year).

Earnings vs Industry: KBN earnings growth over the past year (1151.5%) exceeded the Banks industry 12.6%.

Return on Equity

High ROE: KBN's Return on Equity (7.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 13:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Morrow Bank ASA is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jan GjerlandABG Sundal Collier
Ulrik ZürcherBeringer Finance AB
Vegard ToverudPareto Securities