ANZ Group Holdings Limited engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally. The company operates through three segments: Personal, Business & Agri, and Institutional. It offers banking and wealth management services to consumer and private banking customers; banking services to small and medium enterprises, and the agricultural business.
Q3 FY2026 update
ANZ is held in the ASX Blue Chip Portfolio. The bank released its third quarter trading update on Thursday 13 August.
Cash profit came in at $1.90 billion, up 1 percent on the first half quarterly average, with statutory profit at $1.95 billion. The figure includes a NZ$125 million pre-tax provision, or $74 million after tax, for the New Zealand class action ruling handed down in May, which ANZ has appealed. Excluding it, cash profit rose 5 percent to $1.98 billion. Morgan Stanley had forecast $1.923 billion, so the headline missed by about 1 percent while the underlying number cleared it.
| Metric | Q3 FY26 | Comparison |
| Cash profit | $1.90bn | +1% on 1H26 quarterly average |
| Net interest margin | 1.54% | +1bp |
| CET1 ratio | 12.51% | +12bps on March |
| Individual provision charge | $65m | $130m expected |
Credit was the upside surprise. The individual provision charge came in at $65 million against roughly $130 million expected, an annualised loss rate of 3 basis points against 4 in the first half. The collective provision balance rose $26 million to $4.48 billion, with coverage of credit risk weighted assets easing 2 basis points to 1.20 percent. Arrears drifted higher: Australian housing 90 day arrears rose to 86 basis points from 83, and New Zealand to 82 from 80. Non-performing exposures held at 0.55 percent of total credit exposure.
Margin held up. Group net interest margin rose 1 basis point to 1.54 percent, and 4 basis points excluding Markets, which ANZ attributed to the capital and replicating portfolios. Markets revenue of $507 million beat the $498 million expected but sits below the $533 to $554 million run rate of recent quarters. Net loans and advances grew 3 percent, with Business and Private Bank up 4 percent in the quarter and home lending returning to system growth. Customer deposits rose 2 percent.
Capital was the soft spot. CET1 rose 12 basis points to 12.51 percent, about 18 basis points short of the 12.69 percent expected. Expenses rose 1 percent, or fell 3 percent excluding the New Zealand provision, and ANZ left its full year guidance of a 5 percent cost reduction unchanged. Suncorp Bank integration and the single customer front end remain on track for year-end targets, with 84 percent of the announced 3,500 role reductions completed.
Nuno Matos said ANZ remains on track for its return on tangible equity and cost-to-income targets, that “our new leadership team is driving our cultural reset”, and that the bank is on track to deliver its Root Cause Remediation Plan on non-financial risk. Shares rose about 3 percent to $37.59 in morning trade against a market down half a percent.
