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Morrow Bank Future Growth

Future criteria checks 5/6

Morrow Bank is forecast to grow earnings and revenue by 20.9% and 27.3% per annum respectively. EPS is expected to grow by 19.1% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

20.9%

Earnings growth rate

19.10%

EPS growth rate

Banks earnings growth	4.0%
Revenue growth rate	27.3%
Future return on equity	15.16%
Analyst coverage	Low
Last updated	07 Nov 2025

Recent future growth updates

Recent updates

Narrative Update • Aug 21

Digital Platform And Nordic Expansion Will Drive Future Progress

With no changes in key valuation metrics such as the discount rate (7.37%) and future P/E (10.86x), the consensus analyst price target for Morrow Bank remains steady at NOK16.00. Valuation Changes Summary of Valuation Changes for Morrow Bank The Consensus Analyst Price Target remained effectively unchanged, at NOK16.00.

New Narrative • Feb 09

Swedish Loan Acquisitions And Cost Cuts Could Improve Future Prospects

Strategic reforms and relocation could increase return on equity, possibly elevating future earnings.

Analysis Article • Apr 12

Morrow Bank ASA's (OB:MOBA) CEO Might Not Expect Shareholders To Be So Generous This Year

Key Insights Morrow Bank will host its Annual General Meeting on 18th of April Salary of kr4.10m is part of CEO Oyvind...

Analysis Article • Apr 14

Key Things To Consider Before Buying Komplett Bank ASA (OB:KOMP) For Its Dividend

Today we'll take a closer look at Komplett Bank ASA ( OB:KOMP ) from a dividend investor's perspective. Owning a strong...

Analysis Article • Mar 19

Who Has Been Selling Komplett Bank ASA (OB:KOMP) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

Analysis Article • Feb 11

Do Institutions Own Komplett Bank ASA (OB:KOMP) Shares?

If you want to know who really controls Komplett Bank ASA ( OB:KOMP ), then you'll have to look at the makeup of its...

Analysis Article • Jan 07

Would Shareholders Who Purchased Komplett Bank's (OB:KOMP) Stock Three Years Be Happy With The Share price Today?

It is a pleasure to report that the Komplett Bank ASA ( OB:KOMP ) is up 33% in the last quarter. But that doesn't...

Analysis Article • Dec 04

Have Insiders Been Selling Komplett Bank ASA (OB:KOMP) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Earnings and Revenue Growth Forecasts

OB:MOBA - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	1,797	384	N/A	N/A	1
12/31/2026	1,607	323	N/A	N/A	1
12/31/2025	1,423	254	N/A	N/A	1
9/30/2025	725	246	-178	-131	N/A
6/30/2025	689	228	-4,022	-3,977	N/A
3/31/2025	655	208	-3,633	-3,591	N/A
12/31/2024	616	189	-4,173	-4,132	N/A
9/30/2024	571	151	-5,788	-5,742	N/A
6/30/2024	541	137	-979	-840	N/A
3/31/2024	531	133	-305	-254	N/A
12/31/2023	527	134	-1,328	-1,271	N/A
9/30/2023	481	13	-2,221	-2,165	N/A
6/30/2023	475	-4	-3,270	-3,293	N/A
3/31/2023	490	-9	-3,741	-3,678	N/A
12/31/2022	509	-14	-1,880	-1,822	N/A
9/30/2022	1,045	111	1,397	1,466	N/A
6/30/2022	558	-263	2,958	3,020	N/A
3/31/2022	581	-249	2,731	2,800	N/A
12/31/2021	609	-222	2,103	2,175	N/A
9/30/2021	215	-186	1,324	1,389	N/A
6/30/2021	772	243	-326	-260	N/A
3/31/2021	800	270	-100	-25	N/A
12/31/2020	776	254	8	87	N/A
9/30/2020	632	178	-1,083	-990	N/A
6/30/2020	656	185	-382	-286	N/A
3/31/2020	669	170	-1,303	-1,209	N/A
12/31/2019	721	200	-1,450	-1,351	N/A
9/30/2019	863	312	-1,384	-1,294	N/A
6/30/2019	838	307	N/A	-1,607	N/A
3/31/2019	820	333	N/A	-1,615	N/A
12/31/2018	782	328	N/A	-2,106	N/A
9/30/2018	716	304	N/A	-2,301	N/A
6/30/2018	713	321	N/A	-2,111	N/A
3/31/2018	649	291	N/A	-1,810	N/A
12/31/2017	591	271	N/A	-1,775	N/A
9/30/2017	535	247	N/A	N/A	N/A
6/30/2017	436	194	N/A	N/A	N/A
3/31/2017	370	165	N/A	N/A	N/A
12/31/2016	306	129	N/A	-1,610	N/A
9/30/2016	243	93	N/A	N/A	N/A
6/30/2016	186	58	N/A	N/A	N/A
3/31/2016	139	31	N/A	N/A	N/A
12/31/2015	101	11	N/A	-1,091	N/A
9/30/2015	75	-11	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOBA's forecast earnings growth (20.9% per year) is above the savings rate (3%).

Earnings vs Market: MOBA's earnings (20.9% per year) are forecast to grow faster than the Norwegian market (15.5% per year).

High Growth Earnings: MOBA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MOBA's revenue (27.3% per year) is forecast to grow faster than the Norwegian market (2.1% per year).

High Growth Revenue: MOBA's revenue (27.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MOBA's Return on Equity is forecast to be low in 3 years time (15.2%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/08 17:43
End of Day Share Price	2025/12/30 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Morrow Bank AB is covered by 1 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.

Analyst	Institution
Herman Zahl	Pareto Securities

This company listing is no longer active

Morrow Bank Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 16%

Consensus EPS estimates increase by 58%

Consensus EPS estimates increase by 58%

Komplett Bank Asa Announces Preliminary Revenue Results for Fourth Quarter 2022

Price target decreased to kr8.00

Recent updates

Third quarter 2025 earnings released: EPS: kr0.29 (vs kr0.21 in 3Q 2024)

Morrow Bank ASA, Annual General Meeting, Apr 09, 2026

Morrow Bank ASA to Report First Half, 2026 Results on Aug 13, 2026

Chief Credit Risk Officer recently bought kr205k worth of stock

Digital Platform And Nordic Expansion Will Drive Future Progress

Second quarter 2025 earnings: Revenues exceed analyst expectations

Chief Operating Officer exercised options to buy kr1.3m worth of stock.

Employee Elected Deputy Board Member recently bought kr68k worth of stock

Director recently bought kr470k worth of stock

First quarter 2025 earnings released

Investor sentiment improves as stock rises 16%

New minor risk - Dividend sustainability

Upcoming dividend of kr0.40 per share

Full year 2024 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 17%

Investor sentiment improves as stock rises 21%

Consensus EPS estimates fall by 16%

New major risk - Revenue and earnings growth

Morrow Bank ASA Recommends Dividend for 2024

Swedish Loan Acquisitions And Cost Cuts Could Improve Future Prospects

Morrow Bank ASA, Annual General Meeting, Apr 10, 2025

Morrow Bank ASA to Report Fiscal Year 2024 Final Results on Mar 12, 2025

Consensus EPS estimates increase by 58%

Investor sentiment improves as stock rises 19%

Consensus EPS estimates increase by 58%

Board Member recently bought kr262k worth of stock

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Chief Financial Officer recently bought kr840k worth of stock

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Morrow Bank ASA's (OB:MOBA) CEO Might Not Expect Shareholders To Be So Generous This Year

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 17%

Third quarter 2023 earnings: Revenues miss analyst expectations

Second quarter 2023 earnings: Revenues exceed analyst expectations

Morrow Bank ASA announced that it expects to receive NOK 100 million in funding from Kistefos A.S., Kistefos Investment A.S.

Chief Operating Officer exercised options to buy kr516k worth of stock.

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Komplett Bank Asa Announces Preliminary Revenue Results for Fourth Quarter 2022

Komplett Bank ASA to Report Q4, 2023 Results on Feb 15, 2024

Price target decreased to kr8.00

High number of new and inexperienced directors

High number of new and inexperienced directors

Less than half of directors are independent

Insider recently sold kr74k worth of stock

Price target decreased to kr10.00

Insider recently bought kr233k worth of stock

Investor sentiment deteriorated over the past week

Interim Chief Executive Officer Eirik Holtedahl has left the company

Director of Legal & HR recently bought kr1.4m worth of stock

Second quarter 2021 earnings released: EPS kr0.25 (vs kr0.41 in 2Q 2020)

First quarter 2021 earnings released: EPS kr0.34 (vs kr0.25 in 1Q 2020)

Key Things To Consider Before Buying Komplett Bank ASA (OB:KOMP) For Its Dividend

Full year 2020 earnings released: EPS kr1.36 (vs kr1.11 in FY 2019)

Who Has Been Selling Komplett Bank ASA (OB:KOMP) Shares?

New 90-day high: kr9.72

Full year 2020 earnings released: EPS kr1.36 (vs kr1.11 in FY 2019)

Revenue beats expectations, earnings disappoint

Do Institutions Own Komplett Bank ASA (OB:KOMP) Shares?

Would Shareholders Who Purchased Komplett Bank's (OB:KOMP) Stock Three Years Be Happy With The Share price Today?

Have Insiders Been Selling Komplett Bank ASA (OB:KOMP) Shares?

Third quarter 2020 earnings released: EPS kr0.37

Earnings beat expectations, revenue disappoints

New 90-day low: kr6.31

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts