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National Australia Bank financial performance

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-18 04:43 UTC → 2026-08-31 09:46 UTC · added removed

National Australia Bank (NAB) reported third-quarter profits for 2026, showing growth compared to the previous year. Initial reports indicated a cash profit of $1.83 billion, a 4% increase, driven by lower bad debt charges. However, subsequent Subsequent reporting noted confirmed a statutory net profit of A$1.8 billion, representing a 9% increase, which the bank attributed to strong loan volumes and well-managed margins. Financial metrics showed a 6% year-on-year increase in total gross loans, with home loans and acceptances, reaching A$817.4 billion. Home lending growing grew by 4% and to A$451.4 billion, while business lending rose by 2%. 2% to A$352.4 billion. Deposit balances also increased by 7% to A$685.4 billion. Despite these gains, the bank noted a slight decline in net interest margin and rising margin, which fell by 2 basis points to 1.79%. Rising expenses related were linked to technology, technology costs, payroll remediation, and software capitalisation policies. Regarding the broader market, NAB issued a cautious outlook for the housing sector, citing geopolitical uncertainty, federal tax changes, and high interest rates. The bank projected low housing credit growth of only 2.5% for FY27, anticipating a trend 1.4% contraction in investor lending. This slowdown is reflected by across the industry; major lenders reported double-digit declines in mortgage applications across other major Australian lenders. applications, with Westpac seeing a 20% fall and Commonwealth Bank a 15% drop. Equifax data noted overall mortgage demand fell 16.4% in the year to July. Looking ahead, consensus estimates project fully franked dividends of $1.70 per share in FY26 and $1.72 in FY27, with earnings per share expected to grow from $2.38 to $2.54.

Versions

  1. 2026-08-31 09:46 UTC National Australia Bank financial performance
  2. 2026-08-18 04:43 UTC National Australia Bank financial performance

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