Latest Banking News

Westpac Banking Corporation reported a robust 14% increase in statutory net profit for 3Q25, supported by disciplined growth and resilient credit quality. The bank’s capital and liquidity metrics remain comfortably above regulatory requirements, underscoring its financial strength.

Suncorp Group Limited reported a strong FY25 with record profits, driven by favourable natural hazard experience and strategic asset sales, while announcing a $400 million share buy-back and an optimistic outlook for FY26.

Westpac Banking Corporation reported a robust $1.9 billion net profit for 3Q25, driven by growth in business banking and a strong capital position. The bank advances its transformation agenda while enhancing customer security and service.

Suncorp Group reports a robust $1.82 billion net profit after tax for FY25, boosted by strategic divestments and strong insurance operations. The company announces a $400 million share buy-back as it sharpens focus on general insurance.

Suncorp Group delivers a robust FY25 result, boosted by strategic asset sales and strong insurance performance, while launching a $400 million share buy-back.

Suncorp Group Limited has announced an on-market buy-back of up to $400 million worth of its fully paid ordinary shares, set to commence in late September 2025. The move signals a strategic capital return without requiring shareholder approval.

Suncorp Group Limited has announced a fully franked ordinary dividend of AUD 0.49 per share for the first half of FY2025, accompanied by a Dividend Reinvestment Plan available to select shareholders.

Suncorp Group has reported a robust financial year with a 66% jump in net profit and announced a healthy final dividend, signaling confidence in its ongoing performance.

Eildon Capital Group has entered a joint venture to acquire a large sandalwood plantation in Queensland’s Burdekin Irrigation District, while unveiling a strategic update to its operating model aimed at driving disciplined growth and enhanced returns.

ASB’s full-year profit slipped slightly despite solid growth in home and business lending, as the bank invests heavily in technology and housing initiatives.

Peppermint Innovation Ltd has launched direct InstaPay integration, enhancing real-time digital payments and securing a key Merchant Acquisition Licence from the Bangko Sentral ng Pilipinas, positioning itself for growth in the Philippine market.

Insurance Australia Group Limited (IAG) has announced a quarterly distribution of AUD 1.4715 per security for its Capital Notes 3, reflecting a 5.9% annualised yield with partial franking.