National Australia Bank
NAB.ASXFinancials
Banking, financial and related services.
Market Data
$37.330
+0.0%$114.5B
18.6x
$2.008
4.55%
-0.1%
Latest Earnings
2026 Half Year Results email to Shareholders
4 May 2026
NAB reported cash earnings of $2,639m and statutory net profit of $2,750m for the six months to 31 March 2026, demonstrating disciplined execution across its businesses. The bank declared an interim dividend of 85 cents per share fully franked at 30%, reflecting confidence in operational performance and cash generation during a period of economic uncertainty. Key points: Cash earnings of $2,639m for HY2026 demonstrating disciplined financial execution; Fully franked interim dividend of 85 cents per share at 100% franking (30% tax rate), signaling strong cash generation; Management confidence in ability to navigate economic uncertainty while maintaining long-term focus
Recent Announcements
NAB announces date of 2026 third quarter trading update
National Australia Bank Limited (NAB) announced that it will release its 2026 financial year third quarter trading update on Monday, 17 August 2026, with the announcement to be lodged with the ASX on the morning of that date.
2026 Half Year Results email to Shareholders
NAB reported cash earnings of $2,639m and statutory net profit of $2,750m for the six months to 31 March 2026, demonstrating disciplined execution across its businesses. The bank declared an interim dividend of 85 cents per share fully franked at 30%, reflecting confidence in operational performance and cash generation during a period of economic uncertainty. Key points: Cash earnings of $2,639m for HY2026 demonstrating disciplined financial execution; Fully franked interim dividend of 85 cents per share at 100% franking (30% tax rate), signaling strong cash generation; Management confidence in ability to navigate economic uncertainty while maintaining long-term focus
Appendix 4D
NAB reported H1 2026 revenue of $11.16B, up 8.7%, but statutory net profit declined 19.3% to $2.75B due to a $1.35B large notable item from accelerated software amortisation. Excluding this one-off charge, cash earnings grew 2.3% to $3.59B, driven by strong Business & Private Banking growth of 9.9% and deposit gains, though higher credit impairment charges and geopolitical uncertainty present headwinds. Key points: Cash earnings ex large notable items grew 2.3% to $3.59B, demonstrating underlying operational momentum despite macro headwinds; Business & Private Banking delivered strong 9.9% cash earnings growth with business lending up 5.6% and market share gains in SME segment; proprietary home lending drawdowns improved to 47.7% from 41.4%; Net interest margin expanded 3 bps to 1.81%, supported by higher earnings from deposit replicating portfolio and lower deposit costs offsetting lending competition
2026 Half Year Results Investor Presentation
NAB released its 2026 Half Year Results presentation showing underlying profit growth of 6.4% to $5,852 million with stable margins and increased balance sheet resilience. The bank is focusing on three strategic priorities—growing business banking, driving deposit growth through transaction accounts, and strengthening proprietary home lending—while modernizing technology and implementing AI to improve customer experiences.
2026 Half Year Results Summary
NAB reported 1H26 cash earnings of $2,639m (down 24.8% YoY), but excluding a $949m large notable item from software capitalization policy changes, underlying earnings grew 2.3% vs 2H25 with strong 6.4% growth in underlying profit. The bank improved its strategic priorities with 5.4% growth in Business & Private Banking, proprietary home lending drawdowns rising to 47.7%, and deposits up 4.7%, while maintaining a solid 11.65% CET1 ratio and raising $1.8bn via an underwritten DRP. Key points: Underlying profit growth of 6.4% ex-LNI with strong momentum in Business & Private Banking (+5.4%), demonstrating effective execution of strategic priorities; Proprietary home lending drawdowns improved significantly to 47.7% from 41.4% in 2H25, supporting shift toward higher-margin direct channels; Strong deposit growth of 4.7% including 8.0% increase in transaction accounts (ex-offsets) across B&PB and Personal Banking segments
NAB balance sheet strengthened and 1H26 earnings impacts
NAB has announced significant balance sheet strengthening measures ahead of 1H26 results, including a $300M net increase in forward-looking collective provisions due to Middle East conflict-related risks and economic downgrades, plus a $1.347B pre-tax accelerated amortisation charge from a software capitalisation policy reset. The bank is raising up to $1.8B via a discounted (1.5%) and partially underwritten DRP to bolster capital, expecting pro forma CET1 ratio above 12.0%, while confirming FY26 operating expense growth guidance of less than 4.6% despite near-term policy impacts. Key points: Proactive balance sheet strengthening with $1.8B capital raise via discounted (1.5%) and partially underwritten DRP expected to contribute ~40 bps to CET1 ratio in 2H26; Collective provisions ratio increased to 1.35% reflecting prudent forward-looking approach to emerging Middle East conflict-related sector risks (Agriculture, Transport, Manufacturing, Construction, Commercial Real Estate); Software capitalisation policy reset ($20M threshold increase) introduces greater management discipline and better aligns with peer practice and rapid technology evolution
2026 First Quarter Trading Update
NAB delivered a strong Q1 FY26 performance with cash earnings up 15% and underlying profit rising 12% compared to 2H25 quarterly average, driven by 6% revenue growth and improved asset quality. The bank achieved market share gains in business lending while maintaining disciplined cost management and strong capital ratios. Management remains confident with productivity targets of over $450 million for FY26 and expects operating expense growth to be lower than FY25's 4.6%. Key points: Cash earnings up 15% and underlying profit rose 12% vs 2H25 quarterly average; Revenue increased 6% driven by volume growth, higher fees and lower remediation costs; Net interest margin improved 2 basis points to 1.80%
Earnings Release - 03 May 2026
Upcoming earnings release expected 03 May 2026 (from Yahoo Finance (confirmed))
NAB 2025 Full Year Results email to shareholders
NAB reported cash earnings of $7,091m and statutory net profit of $6,759m for FY2025, demonstrating solid profitability amid the bank's transformation toward being more customer-centric and simpler. The company declared a fully-franked final dividend of 85 cents per share, maintaining shareholder returns while progressing strategic initiatives in customer safety and digital banking. Key points: Cash earnings of $7,091m demonstrates solid profitability for FY2025; Fully-franked final dividend of 85 cents per share maintained, reflecting strong capital position; Strategic focus on customer protection with advanced technology investments including biometric fraud detection and AI-powered scam prevention
2025 Full Year Results Investor Presentation
NAB released its 2025 full year results presentation showing underlying profit of $10.8bn (1.3% increase), cash earnings of $11.0bn (-0.2% decline), and statutory profit of $6.8bn (-2.9% decline), with strong 2H25 revenue growth supported by business lending volume expansion at 1.3x system growth and deposit increases funded by customer deposits.
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