Company Reports

National Australia Bank's third-quarter underlying profit of AUD 1.8 billion is up 2% on the quarterly average for the first half. Loan growth of 2% more than offset a modest reduction in net interest margins, aided by lower loan impairments. But shares slipped 4%.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

Australian major bank share prices are down an average of 15% since March. The sell-off began as banks increased provisions as the Iran war hit fuel security and costs, and deepened as higher cash rates and the government's proposed tax changes clouded the outlook for consumers and housing.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

National Australia Bank's first-half fiscal 2026 profit increased 2% on the second half of last year to AUD 3.6 billion. Solid loan growth, a modest net interest margin uplift, and lower expenses increased profit before bad debts by 6%. Interim dividend is flat at AUD 0.85, fully franked.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

National Australia Bank has lifted loan impairment provisions by AUD 300 million to cover potential stress from sectors directly affected by the Middle East conflict, and broader downside to the Australian economy. The bank also plans to partially underwrite the dividend to raise AUD 1.8 billion.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

National Australia Bank's first-quarter profit of AUD 2 billion jumped 16% on the average of the prior two quarters. Loan growth and a modest improvement in net interest margins drove the top line, while operating expenses were held flat, and loan impairment expenses fell. Shares rose 4%.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

National Australia Bank's fiscal 2025 profit was stable at AUD 7.1 billion. Lending and deposit growth, and higher net interest margins, were offset by higher loan impairments and operating expenses, including wage inflation, higher technology spending, and more financial crime-related costs.

National Australia Bank's third-quarter cash profit of AUD 1.8 billion is relatively steady compared with a year ago. Nonrecurring payroll remediation costs mask the positive underlying earnings trajectory, with net interest margin up 8 basis points on the first half, to 1.78%, and loans up 2%.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

On average, Australian major banks rallied around 11% in the three months to June 30, 2025. Credit growth has continued to trend higher, supported by population and wages growth, while credit stress has been low. Banks reported softening net interest margins in the March 2025 quarter.

National Australia Bank is one of four major banks operating in oligopolistic Australia and New Zealand markets. It is Australia's biggest business bank, offering a full range of banking and financial services to the consumer, small business, and corporate sectors, with significant operations in New Zealand.

National Australia Bank's first-half fiscal 2025 profit rose 1% to AUD 3.6 billion. Lending and deposit competition weighed on net interest margins, while operating expenses increased on wage inflation, higher technology spending, and an uplift in financial crime-related costs.

Australian major banks were not immune from the market sell-off following US tariff announcements, with a potential hit to GDP growth clouding the earnings outlook. But so far in fiscal 2025, credit growth is ticking up on population and wages growth, while credit stress has been low.

Franking for Australian banks we cover was showing as not available on our research reports between Jan. 23 and March 13, 2025, due to a recent change in our process for extracting data from our valuation models. This has been corrected.

National Australia Bank's first-quarter profit of AUD 1.74 billion slipped 2% on last year, the key driver being higher loan impairment expenses. Loan growth was largely offset by softer net interest margins, but the bank still managed to increase the top line by more than operating expenses.