Latest Australian Banking News

Heartland Group has started FY2027 on target, with quarterly ROE, margins and costs all tracking its full-year guidance. Strong Reverse Mortgage growth in New Zealand and Australia helped offset shrinking Rural, Motor Finance and Business Finance portfolios ahead of the proposed TSB merger.

Bendigo Bank’s unaudited 1Q27 cash earnings rose 18.5% against the prior half-year quarterly average, but statutory profit fell as net interest margin narrowed and non-cash property revaluations weighed. Deposits grew while lending contracted, with the bank continuing its costly non-financial risk remediation program.

Alfabs has carried its cash-generation reset into FY27, producing $2.4 million of free cash flow and cutting net debt to $35.5 million in the September quarter. Mining hire rates strengthened, but weak engineering demand and unfinished debt refinancing still stand between the company and a dividend restart.

Aeris Environmental’s FY2026 annual report pairs international commercial progress with a $5.03 million operating cash drain, $9.22 million in net liabilities and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company says it will need extended related-party loan terms and further funding while converting its technology and chemicals pipeline into recurring revenue.

VanEck’s nine ASX-listed equity ETFs produced sharply divergent FY2026 results, led by a $124.3 million profit at Small Companies Masters while Australian Equal Weight’s earnings fell heavily. The geared fund also reported a loss as borrowings nearly doubled to $48.6 million.

Global X Australian Bank Credit ETF more than doubled its net assets to $184 million in the year to 30 June 2026, while profit rose to $6.9 million. The audited report also shows a larger exposure to BBB-rated debt and a sharp increase in distributions payable.

Betashares’ 13 ASX-listed ETFs closed the 2026 financial year with sharply divergent results, from a $146.5 million profit at the Resources Sector ETF to a $139.7 million loss at Sustainability Leaders. Asset growth was substantial across several funds, while HBRD changed its name and mandate and the new High Yield ETF reached $95.2 million in net assets.

JPMorgan Asset Management has announced estimated September 2026 cash distributions for six of its equity premium income ETFs, with payments scheduled for mid-October.

Perenti Limited has agreed to sell its equipment rental and parts sales business BTP Group for A$100 million, reflecting a strategic portfolio shift. The transaction will result in a significant non-cash loss in FY26 but frees capital for higher-return mining contracts.

BSP Financial Group has reported an 8.4% increase in net profit to K620 million for the first half of 2026, driven by a 17.7% surge in revenue and supported by a strong capital position and strategic investments.

Suncorp Group has updated its dividend details for the half-year ending June 2026, declaring a fully franked total dividend of 62 cents per share payable in Australian or New Zealand dollars with a reinvestment plan available.

JPMorgan Asset Management confirms final cash distributions and reinvestment prices for six Equity Premium Income ETFs for August 2026, following recent structural changes in four funds.