Morrow Bank ASA

BATS-CHIXE:MOBAO Stock Report

Market Cap: NOK 917.5m

Morrow Bank Management

Management criteria checks 3/4

Morrow Bank's CEO is Oyvind Oanes, appointed in Oct 2021, has a tenure of 2.42 years. total yearly compensation is NOK4.10M, comprised of 97.6% salary and 2.4% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth NOK1.61M. The average tenure of the management team and the board of directors is 2.2 years and 1.9 years respectively.

Key information

Oyvind Oanes

Chief executive officer

NOK 4.1m

Total compensation

CEO salary percentage97.6%
CEO tenure2.4yrs
CEO ownership0.2%
Management average tenure2.2yrs
Board average tenure1.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Oyvind Oanes's remuneration changed compared to Morrow Bank's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

NOK 134m

Sep 30 2023n/an/a

NOK 13m

Jun 30 2023n/an/a

-NOK 4m

Mar 31 2023n/an/a

-NOK 9m

Dec 31 2022NOK 4mNOK 4m

-NOK 14m

Sep 30 2022n/an/a

NOK 111m

Jun 30 2022n/an/a

-NOK 263m

Mar 31 2022n/an/a

-NOK 249m

Dec 31 2021NOK 1mNOK 1m

-NOK 222m

Compensation vs Market: Oyvind's total compensation ($USD384.75K) is about average for companies of similar size in the UK market ($USD344.69K).

Compensation vs Earnings: Oyvind's compensation has been consistent with company performance over the past year.


CEO

Oyvind Oanes

2.4yrs

Tenure

NOK 4,100,000

Compensation

Mr. Oyvind Oanes serves as Chief Executive Officer at Morrow Bank ASA (formerly known as Komplett Bank ASA) since 1 October 2021. He had been Group Chief Executive Officer and Member of Management Board at...


Leadership Team

NamePositionTenureCompensationOwnership
Oyvind Oanes
Chief Executive Officer2.4yrsNOK 4.10m0.18%
NOK 1.6m
Eirik Holtedahl
Chief Financial Officer2.1yrsNOK 2.60m1.15%
NOK 10.6m
Wilhelm Thomassen
Chief Operating Officer2.2yrsNOK 2.90m0.92%
NOK 8.4m
Martin Valland
Interim Chief Technology Officer2yrsno data0.059%
NOK 544.0k
Annika Ramstedt
Chief Credit Risk Officer2.2yrsNOK 2.70m0.065%
NOK 592.0k
Henning Fagerbakke
Head of Finance2.2yrsNOK 6.20m0.21%
NOK 1.9m
Jonna Kyllonen
Operations Manager for Customer Service & Employee Directorno dataNOK 100.00k0.0077%
NOK 70.4k
Kristian Tovsen
Head of Business & Product Developmentno dataNOK 100.00kno data
Tony Rogne
Chief Commercial Officerno datano datano data

2.2yrs

Average Tenure

Experienced Management: MOBAO's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonna Kyllonen
Operations Manager for Customer Service & Employee Director4yrsNOK 100.00k0.0077%
NOK 70.4k
Stig Sivertsen
Independent Chairman6yrsNOK 800.00k0.17%
NOK 1.6m
Bodil Hollingsaeter
Independent Deputy Chairman of the Board10yrsNOK 600.00k0.32%
NOK 3.0m
Anna Østlie
Independent Director1.9yrsNOK 200.00kno data
Thomas Bjørnstad
Independent Director1.9yrsNOK 200.00k0.045%
NOK 410.9k
Per Mikaelsen
Employee Director1.2yrsno data0.0044%
NOK 40.0k
Angelica Rehnlund
Employee Elected Deputy Member1.2yrsno datano data
Ulrik Bakkevold
Employee Elected Deputy Member1.2yrsno datano data
Nicolai Lunde
Directorless than a yearno datano data

1.9yrs

Average Tenure

56.5yo

Average Age

Experienced Board: MOBAO's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/03/18 19:00
End of Day Share Price 2023/12/20 00:00
Earnings2023/12/31
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

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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