3Q Trading Update

Financial Summary for 3Q26

				Change(%)
Group Financial Results ($m)	3Q26	1H26 Qtr Avg.	3Q25	1H26 Qtr Avg.	3Q25
Net interest income	433.2	435.6	416.2	(0.6%)	4.1%
Other income	71.7	69.4	59.4	3.3%	20.5%
Total income	504.9	505.0	475.7	(0.02%)	6.1%
BAU expenses	(276.6)	(289.3)	(267.8)	4.4%	(3.3%)
Investment spend	(28.5)	(28.9)	(27.8)	1.4%	(2.5%)
Operating expenses	(305.1)	(318.2)	(295.6)	4.1%	(3.2%)
Operating performance	199.8	186.8	180.1	7.0%	10.9%
Credit expenses/reversals	(2.1)	1.2	(1.9)	(Large)	(10.5%)
Cash earnings (after tax)¹	137.9	128.2	122.2	7.6%	12.8%
Non-cash items (after tax)	(28.5)	(12.9)	(12.4)	(Large)	(Large)
Statutory net profit (after tax)²	109.4	115.3	109.8	(5.1%)	(0.4%)

Unaudited cash earnings of $137.9 million, up 7.6% on 1H26 quarterly average. Unaudited statutory NPAT of $109.4 million in the quarter.
NIM was 1.98%, up 6bps on 2Q26, reflecting the ongoing benefit of deposit pricing and mix, two RBA rate rises and higher swap rates on replicating portfolio earnings. The exit NIM was slightly higher than 3Q26 average, noting there are emerging headwinds related to higher funding costs to support improving lending momentum.
Lending growth continued to improve, with quarter on quarter growth of 5.6% annualised. This reflected residential lending growth for the quarter of 4.2% (annualised) and Business and Agribusiness lending growth for the quarter of 12.7% (annualised).
Operating expenses were 4.1% lower mostly driven by reduced staff costs due to lower average FTE and fewer working days.
Credit expenses of $2.1 million were incurred during the quarter. We continue to monitor geopolitical developments and potential impacts on credit risk. We remain committed to supporting our customers through this period of uncertainty.

The APS330 and additional credit tables will be released on 22 May 2026.

¹Cash earnings (after tax) are unaudited.
²Statutory net profit (after tax) is unaudited.