A post by @FirstSquawk on X.
NATIONAL AUSTRALIA BANK FY CASH PROFIT A$6.14 BLN, BELOW ESTIMATE OF A$6.59 BLN, WITH A CET1 RATIO OF 11.9%, IN LINE WITH ESTIMATE, AND A FINAL DIVIDEND OF A$0.85/SHARE
@FirstSquawk on X
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National Australia Bank reported FY cash profit of A$6.14 billion, missing the A$6.59 billion consensus estimate, while its CET1 ratio came in at 11.9%, in line with expectations, and it declared a final dividend of A$0.85 per share. The earnings shortfall marks a notable miss for one of Australia's largest lenders and may draw scrutiny to margin pressure and cost trends when management details the result. The in-line capital ratio and the A$0.85 payout suggest the bank is maintaining shareholder returns despite the profit miss. Investors will watch for commentary on net interest margins, credit provisioning and the outlook for the coming year.
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National Australia Bank