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← CockpitCompetitor Analysis › MORROW.ST Morrow Bank ABOpen in the cockpit ↗

Morrow Bank ABMORROW.STCompetitor analysis, valuation and peers

Sweden · SEK·Financials›Regional Banks
Momentum leader 83
Competitor Analysis ▸ ChartsOpen in the cockpit
Mkt cap
$518M
US dollars, full cap
Free float
52%
of shares outstanding
$/day
$727,020
20-day average traded
P/B
1.57×
price to book
ROE
11.4%
delivered
Implied ROE
5.7%
what the price asks
Next earnings
6 days
12 Nov 2026
Close · SEKSEK 16.04
1D0.0%
1W+3.2%
1M+5.4%
3M+20.2%
6M+30.4%
YTD+6.3%
1Y+63.9%
ATR %2.6%
52w lowhigh5.7% off high

What Morrow Bank does

Employees: 69

Morrow Bank at a glance

Size Morrow Bank (MORROW.ST) is a Sweden Financials company (Regional Banks) with a market value of $518M, the 175th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 16.04 on 6 Nov 2026.

Performance Over six months the shares gained 30.4%, against +9.5% for the median peer and +8.2% for the Sweden market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 3.8% over the last twelve months (peer median +3.3%); the operating margin is 24.7% (peer median 40.4%).

Valuation It trades at 1.57× book value against a peer median of 1.25× (7th most expensive of 21).

Price implies The share price implies a return on equity of about 5.7%; Morrow Bank delivers 11.4%, so the price asks less than the business earns today.

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026MORROW.ST 137Peer median 113
Six months, rebased to 100: Morrow Bank against the median of its 20 peers (local-currency closes).

Morrow Bank financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 2.00BSEK 1.88BSEK 1.86BSEK 1.48BSEK 1.01B
Revenue growth—+1%+26%+47%—
Net incomeSEK 260MSEK 246MSEK 186MSEK 134M-SEK 14.5M
Free cash flown/an/aSEK 1.02BSEK 347MSEK 67.2M
Capital expenditureSEK 46.1MSEK 46.5MSEK 40.6MSEK 56.3MSEK 60.9M
Total debtSEK 1.16BSEK 520MSEK 480MSEK 387MSEK 285M

Quarterly statements and history in the cockpit →

Morrow Bank competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%WTBANRIM8550OBTCZNCFMAOBSRRNPBCOFSDABHBCPSFSTBWB2139MORROW.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Morrow Bank is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%0.50×10×1.50×20×WTBANRIM8550OBTCZNCFMAOBSRRNPBCOFSFRBADABPBAMCBANBSVNBWFGDJURSFSTBWB2139MORROW.STReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Morrow Bank is the large dot.

Capital: ROE delivered against the ROE the price implies

5%10%15%5%10%15%WTBANRIM8550OBTCZNCFMAOBSRRNPBCOFSFRBADABPBAMCBANBSVNBWFGDJURSFSTBWB2139MORROW.STROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Morrow Bank is the large dot.

Morrow Bank competitors and peer comparison

How Morrow Bank compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Morrow Bank against its 20 peers (data as of 6 Nov 2026)
MeasureMORROW.STPeer medianRank in peer set
1-month return+5.4%+3.6%9th highest of 21
6-month return+30.4%+9.5%4th highest of 20
Return on equity11.4%11.7%10th lowest of 21
Price / book1.57×1.25×7th most expensive of 21
Trailing P/E14.8×10.9×2nd most expensive of 21
ROE the price implies5.7%8.7%3rd least demanding of 21
ROE delivered11.4%11.7%10th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Morrow Bank MORROW.STSweden$518M+30%+4%11%1.57×5.7%11.4%
West Bancorporation WTBAUnited States$520M+27%0%15%1.92×13.1%15.5%
Northrim BanCorp NRIMUnited States$523M-5%+3%17%1.47×12.6%16.6%
Tochigi Bank 8550.TJapan$527M-17%+26%5%0.50×5.9%5.4%
Orange County Bancorp OBTUnited States$530M+14%+3%17%1.71×9.6%17.2%
Citizens & Northern CZNCUnited States$501M+29%+25%11%1.46×8.5%11.0%
Farmers & Merchants Bancorp FMAOUnited States$500M+31%+7%11%1.29×10.3%11.3%
Sierra Bancorp BSRRUnited States$537M+9%-1%14%1.48×11.4%14.0%
Northpointe Bancshares NPBUnited States$545M-11%+14%13%0.87×5.9%13.1%
ChoiceOne Financial Services COFSUnited States$547M+17%+19%12%1.17×8.8%11.9%
First Bank FRBAUnited States$488M+30%+1%10%1.06×7.8%9.6%
Danske Andelskassers Bank A/S DAB.CODenmark$484M-8%-7%8%1.10×4.8%7.7%
Private Bancorp of America PBAMUnited States$484Mn/a+4%17%1.66×8.6%16.8%
Colony Bankcorp CBANUnited States$555M+2%+21%11%1.10×8.1%10.8%
Bank7 BSVNUnited States$556M+33%-1%16%2.03×14.5%16.0%
Home Bancorp HBCPUnited States$480M-5%+1%10%1.06×7.7%10.2%
Bankwell Financial BWFGUnited States$559M+34%+10%14%1.67×10.9%14.3%
Djurslands Bank A/S DJUR.CODenmark$478M+27%+2%15%1.58×5.9%14.6%
Southern First Bancshares SFSTUnited States$563M+5%+9%11%1.22×9.7%10.5%
Bridgewater Bancshares BWBUnited States$568M+10%+10%12%1.19×9.0%11.5%
Bank of Gansu 2139.HKHong Kong$467M-40%-4%2%0.10×3.2%1.8%

Questions

Which companies are Morrow Bank's closest peers?
The cockpit's peer set: West Bancorporation (WTBA), Northrim BanCorp (NRIM), Tochigi Bank (8550.T), Orange County Bancorp (OBT), Citizens & Northern (CZNC), Farmers & Merchants Bancorp (FMAO), Sierra Bancorp (BSRR), Northpointe Bancshares (NPB).
Is Morrow Bank expensive compared with its peers?
On price / book it trades at 1.57× against a peer median of 1.25×, 7th most expensive of 21 in its peer set. The share price implies a return on equity of about 5.7%; Morrow Bank delivers 11.4%, so the price asks less than the business earns today.
How has Morrow Bank stock performed?
Over six months to 6 Nov 2026 the shares returned +30.4% against +9.5% for the median peer; over one year +63.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.