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MyState Finalizes Auswide Merger, Targets $25m Annual Cost Savings by FY27
6:51am on Monday 2nd of June, 2025 AEST
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Financial Services
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MyState Finalizes Auswide Merger, Targets $25m Annual Cost Savings by FY27
6:51am on Monday 2nd of June, 2025 AEST
Key Points
Merger with Auswide Bank effective 19 February 2025
Projected $20m-$25m annual cost synergies by end of FY27
Double-digit earnings accretion expected in FY26 post-synergies
1H25 underlying earnings steady; statutory NPAT $15.9m including merger costs
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