Australia · Delayed Price · Currency is AUD MyState Earnings Call Transcripts
Fiscal Year 2026
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FY2026 earnings and shareholder returns increased as integration advanced, with $11.8m in run-rate synergies and a $20m-$25m target by FY2028. Priorities include completing core systems integration, growing diversified businesses and maintaining disciplined risk oversight.
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FY 2026 saw strong earnings growth, improved operating leverage, and significant synergy realization, with underlying NPAT up 41% and EPS up 12%. High-return businesses contributed over 11% of NPAT, and integration milestones were achieved, supporting a robust capital position and increased dividends.
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Double-digit profit growth was achieved, with strong contributions from equipment finance and wealth. Integration synergies are ahead of plan, capital remains robust, and the group is targeting above-market loan growth and continued efficiency gains.
Fiscal Year 2025
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The AGM highlighted strong financial growth, successful merger integration, and strategic investments in technology and customer service. Shareholders discussed net interest margin, staff agreements, and governance, while the board confirmed new auditor appointments and ongoing board renewal.
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FY 2025 saw strong growth driven by the Auswide merger, with underlying NPAT up 17% and significant cost synergies achieved. The group remains well-capitalized, targets home loan growth above system, and expects continued expansion in equipment finance and deposits.
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Merger with Auswide Bank is now effective, creating a larger, more diversified group. First-half results showed stable earnings, strong capital, and improved digital capabilities, with cost synergies and integration plans underway. Dividend and ROE were impacted by merger costs and sector challenges.
Fiscal Year 2024
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Announced a merger with Auswide Bank, aiming for significant synergies and scale by December 2024. FY 2024 saw net profit of AUD 35.3 million, cost reductions, and digital investments, with stable credit quality and a strong capital position.