8/103 sources · 3 publishersUpdated Nov 5, 06:14 UTC
National Australia Bank reports 9% profit decline and raises loan loss provisions
National Australia Bank posted a statutory net profit of $6.14 billion for FY 2026, down 9.1% year‑on‑year. The bank recorded a credit impairment charge of $1.5 billion, up from $833 million in FY 2025, and announced 2,500 job cuts. CEO Andrew Irvine warned of economic uncertainty and rising loan arrears, and the bank declared a final dividend of 85 cents per share.
Why it matters
The profit drop and higher provisions signal tighter earnings outlook, and the unchanged dividend may limit return expectations. The bank’s shares fell more than six percent to $38.45 after the announcement, reflecting market reaction to the results.
Key facts
- 1Statutory net profit was $6.14 billion, down 9.1% from the prior year. dailyliberal.com.au
- 2Total credit impairment charge was $1.5 billion, up from $833 million in FY 2025. dailyliberal.com.au
- 3Individually assessed charges amounted to $1.1 billion and collective forward‑looking provision charges were $464 million. dailyliberal.com.au
- 4The bank announced 2,500 job cuts, representing six percent of its workforce. dailyliberal.com.au
- 5Shares fell more than six percent to $38.45 in afternoon trading. bendigoadvertiser.com.au
- 6Final dividend declared at 85 cents per share, taking total payout to $1.70 per share. bendigoadvertiser.com.au
Open questions
- Cash earnings amount is reported as flat at $7.1 billion and as $6.1 billion after a 13.4% drop.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.