BNK Banking Corporation Ltd Reports H1 FY26 Results
Key points
- Statutory net profit after tax of $0.4m, up 31% from H1 FY25
- Net interest income up 5% to $11.6m
- Lending settlements increased 19% to $309m
- Total managed loan book decreased to $1.9bn, with direct loan book increasing to $922.4m
Full summary
BNK Banking Corporation Limited (the 'Company') has announced its results for the half-year ended 31 December 2025. The Group recorded a statutory net profit after tax of $0.4m, up 31% from $0.3m in the prior comparative period. Earnings per share increased to 0.35 cents per share, compared to 0.27 cents per share in H1 FY25. Net interest income grew 5% to $11.6m, while operating expenses remained flat at $12.2m. The Group's Average Net Interest Margin (NIM) increased to 1.88%, up from 1.52% for the 12-month period to 30 June 2025 and 1.39% for the comparable six-month period to 31 December 2024. Lending settlements increased 19% during the half-year to $309m compared to the period to 31 December 2024. The total managed loan book, excluding offset balances, decreased to $1.9bn (30 June 2025: $2.1bn), with the directly funded loan book seeing a small increase to $922.4m (30 June 2025: $900m). The loan book comprises 79% residential mortgages with an average weighted loan to valuation ratio of 62.40%. The Commercial loan book increased 40.3% from 30 June 2025 to $190.8m at 31 December 2025. Credit quality remains within management's expectation with more than 90 days in arrears equating to 1.5% of total loans (H1 FY25 0.6%).
Guidance
The Group's Average Net Interest Margin (NIM) for the 6 months to 31 December 2025 was 1.88%, up from 1.52% for the 12-month period to 30 June 2025.
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