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 17.8% 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 Growth | 10.6% |
| Revenue growth rate | -7.9% |
| Return on equity | 7.6% |
| Net Margin | 28.9% |
| Last Earnings Update | 30 Sep 2024 |
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
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 571 | 165 | 288 | 0 |
| 30 Jun 24 | 541 | 147 | 286 | 0 |
| 31 Mar 24 | 531 | 138 | 280 | 0 |
| 31 Dec 23 | 527 | 134 | 273 | 0 |
| 30 Sep 23 | 481 | 13 | 301 | 0 |
| 30 Jun 23 | 475 | -4 | 317 | 0 |
| 31 Mar 23 | 490 | -9 | 342 | 0 |
| 31 Dec 22 | 509 | -14 | 372 | 0 |
| 30 Sep 22 | 1,045 | 111 | 367 | 0 |
| 30 Jun 22 | 558 | -263 | 379 | 0 |
| 31 Mar 22 | 581 | -249 | 386 | 0 |
| 31 Dec 21 | 609 | -222 | 381 | 0 |
| 30 Sep 21 | 215 | -186 | 400 | 0 |
| 30 Jun 21 | 772 | 243 | 386 | 0 |
| 31 Mar 21 | 800 | 270 | 375 | 0 |
| 31 Dec 20 | 776 | 254 | 368 | 0 |
| 30 Sep 20 | 632 | 178 | 321 | 0 |
| 30 Jun 20 | 656 | 185 | 332 | 0 |
| 31 Mar 20 | 669 | 170 | 337 | 0 |
| 31 Dec 19 | 721 | 200 | 347 | 0 |
| 30 Sep 19 | 863 | 312 | 353 | 0 |
| 30 Jun 19 | 838 | 307 | 340 | 0 |
| 31 Mar 19 | 820 | 333 | 323 | 0 |
| 31 Dec 18 | 782 | 328 | 301 | 0 |
| 30 Sep 18 | 716 | 304 | 275 | 0 |
| 30 Jun 18 | 713 | 321 | 250 | 0 |
| 31 Mar 18 | 649 | 291 | 225 | 0 |
| 31 Dec 17 | 591 | 271 | 195 | 0 |
| 30 Sep 17 | 535 | 247 | 181 | 0 |
| 30 Jun 17 | 436 | 194 | 154 | 0 |
| 31 Mar 17 | 370 | 165 | 130 | 0 |
| 31 Dec 16 | 306 | 129 | 114 | 0 |
| 30 Sep 16 | 243 | 93 | 103 | 0 |
| 30 Jun 16 | 186 | 58 | 94 | 0 |
| 31 Mar 16 | 139 | 31 | 86 | 0 |
| 31 Dec 15 | 101 | 11 | 76 | 0 |
| 30 Sep 15 | 75 | -11 | 81 | 0 |
| 31 Dec 14 | 20 | -31 | 56 | 0 |
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.