Highlights

  • ANZ Group (ASX:ANZ) closed at AUD 0.98 on 27 August 2026, down 6.70% or AUD 0.070.
  • ANZ reported 3Q26 statutory profit of A$1.95 billion and cash profit of A$1.90 billion.
  • Cash profit increased 1% compared with the 1H26 quarterly average, supported by higher margins and Business Volume growth.
  • CET1 ratio strengthened to 12.51%, while Suncorp integration and simplification initiatives continued progressing.

ANZ Group (ASX:ANZ) has continued executing its transformation strategy, with its third quarter trading update for FY26 highlighting stable earnings, improved margins, Balance Sheet strength and progress across key strategic priorities.

For the quarter ended 30 June 2026, ANZ reported statutory profit of A$1.95 billion and cash profit of A$1.90 billion. Cash profit increased 1% compared with the quarterly average of the first half of FY26, reflecting improvements in business volumes and net interest margins.

Quarterly Performance

ANZ’s 3Q26 Operating Income was broadly stable at A$5.61 billion, while profit before provisions remained steady at A$2.82 billion.

Cash profit increased to A$1.90 billion, compared with the first-half quarterly average of A$1.89 billion.

The result included a NZD125 million pre-tax expense provision related to a New Zealand class action ruling. Excluding this provision, ANZ said quarterly cash profit would have increased further, reaching approximately A$1.98 billion.

Cash return on tangible Equity (RoTE) remained broadly stable at 11.54%.

Lending And Margins

ANZ recorded improvement across lending and deposit metrics during the quarter.

Customer deposits increased by A$15 billion, rising 2% from 31 March 2026 to 30 June 2026, reaching A$786 billion.

Net loans and advances increased by A$24 billion during the quarter, up 3%, reaching A$846 billion.

Group net interest Margin improved by 1 basis point to 1.54%. Excluding Markets, Group net interest margin increased by 4 basis points, supported by Capital and replicating portfolio benefits.

The bank also reported strong growth in Business & Private Bank lending, which increased 4% during the quarter.

Balance Sheet Strength

ANZ maintained a strong capital position during 3Q26.

The Common Equity Tier 1 (CET1) ratio increased to 12.51% at 30 June 2026, up 12 basis points from 31 March 2026 and 57 basis points higher compared with June 2025.

Liquidity remained above regulatory requirements, with an average Liquidity coverage ratio of 131% and net stable funding ratio of 113%.

ANZ also issued A$28.9 billion of term wholesale Debt from 1 October 2025 to support funding flexibility.

Strategic Progress

ANZ continued progressing its ANZ 2030 transformation priorities during the quarter.

The integration of Suncorp Bank remained on track, with 45% of planned activities completed by the end of June 2026. The bank expects this progress to reach 57% by the end of September 2026.

The bank also continued simplifying its organisational structure, with 84% of the planned 3,500 role reductions completed by the end of June 2026.

ANZ reported that 73% of estimated gross cost savings of A$875 million for FY26 had been realised.

The rollout of its single customer digital front-end also continued, with 24% of activities completed and progress tracking towards 45% completion by the end of September 2026.

Credit Quality

ANZ continued monitoring Credit conditions while maintaining a strong balance sheet.

The individual provision charge for 3Q26 was A$65 million, lower than the first-half quarterly average.

The collective provision balance increased by A$26 million to A$4.48 billion, with coverage remaining at a strong level.

Housing Loan exposures more than 90 days past due increased slightly in Australia and New Zealand, while non-performing exposures remained stable at 0.55% of total credit exposure.

Outlook

ANZ remains focused on improving productivity, strengthening margins, completing strategic initiatives and supporting customers across its markets.

Management continues to target progress across its transformation agenda, including Suncorp Bank integration, digital capability expansion and organisational simplification.

The bank is also investing in customer experience, transaction banking and technology capabilities to support its next phase of growth beyond 2027.

Key Risks

ANZ continues to face risks from changing interest-rate expectations, competition across lending and deposits, and potential pressure on borrower credit quality.

The bank’s transformation initiatives, including Suncorp integration and technology programs, also require continued execution.

External economic conditions, regulatory developments and market Volatility will remain important factors influencing future performance.