Latest Financial Sector News

MyState Limited has reached a pivotal merger milestone by consolidating Auswide Bank under its single banking licence, aiming to unlock significant cost synergies while maintaining customer continuity.

Stakk Limited has secured a strategic multi-year partnership with Stride Bank, a 110-year-old U.S. institution, further accelerating its annualised recurring revenue and broadening its footprint across American financial sectors.

Commonwealth Bank of Australia reported a 2% increase in cash NPAT to approximately $2.6 billion for 1Q26, supported by lending and deposit growth despite margin pressures and rising expenses.

Canyon Resources has raised A$215 million through a strategic equity package to fast-track its Minim Martap bauxite project and deepen its investment in Camrail, with key backing from Cameroon's largest financial services group.

Heartland Group Holdings updates its dividend distribution details for the first half of 2025, confirming an unfranked ordinary dividend and a supplementary dividend with a revised DRP strike price.

The Australian Wealth Advisors Group Ltd (AWAG) reported a $1.18 million net profit before tax in its first full year as an ASX-listed company, reversing a prior loss and growing revenue by 13%. The company expanded its funds under management and equity investments, positioning itself for further industry consolidation.

WAM Leaders Limited has raised its fully franked full year dividend to 9.4 cents per share despite underperforming the ASX 200 in FY2025, signaling confidence in a market inflection and a strategic pivot towards quality and growth sectors.

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 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.

Insurance Australia Group Limited (IAG) has announced a quarterly dividend of AUD 1.5353 per capital note, with a partly franked distribution reflecting a 6.16% annualised yield, payable mid-September.

Whitefield Income Limited has announced fully franked monthly dividends of 0.583 cents per share for July through September 2025, delivering an 8.0% gross yield based on its IPO price.

ANZ Bank has extended its contract with Knosys for another year, securing continued access to the KnowledgeIQ platform while negotiating a transformative three-year cloud migration and AI integration deal.