NAB reports cash earnings drop amid growing arrears

NAB has announced cash earnings of $1.8 billion in its latest quarterly results, down from the $2.15 billion reported in the first quarter of 2023. In an ASX announcement on Wednesday, the bank said this marked a 16.9 per cent decline, though cash earnings before tax and credit …

CouponFollow Extension

$1
OFF

NAB Reports Cash Earnings Drop Amid Growing Arrears

1 week from now

investordaily.com.au

$1
OFF

NAB Warns Of Growing Arrears As Quarterly Earnings Dive 16.9pc

1 week from now

Updated Feb 21, 2024 – 10.58am, first published at 8.44am. National Australia Bank’s cash earnings dived 16.9 per cent in the December quarter to $1.8 billion amid an economic …

afr.com

$1
OFF

NAB Watches Earnings Tumble And Warns Arrears Are Growing

1 week from now

Feb 20, 2024 · NAB watches earnings tumble and warns arrears are growing. National Australia Bank’s cash earnings tumbled almost 17 per cent in the December quarter to $1.8 billion as …

smh.com.au

1%
OFF

Earnings Call: NAB Reports Mixed Results Amid Economic Headwinds

1 week from now

Nov 7, 2024 · NAB's cash earnings fell by 8.1% year-over-year due to a 6.9% drop in underlying earnings. The Australian economy's resilience is seen as a positive signal for NAB's …

investing.com

12%
OFF

NAB's Interim Profit Falls 12%, Share Buyback Increases — Update

1 week from now

May 1, 2024 · At a divisional level, NAB's business and private banking unit reported a 2.4% on-year fall in cash earnings to A$1.67 billion, while the lender's personal banking unit saw a 30% …

morningstar.com

$38.62
OFF

NAB Share Price: CEO Andrew Irvine Reports Increase In Loan …

1 week from now

Nov 5, 2024 · NAB shares were 1.6 per cent lower at $38.62. Step back from mortgage wars. Milford investment analyst Minh Pham said the result showed that loan arrears were a growing …

afr.com

$3
OFF

Aussie Lender NAB Reports Lower Profit But Hints Bank Margin …

1 week from now

May 2, 2024 · Raises buy back program to A$3bln with fresh A$1.5 bln. May 2 (Reuters) - National Australia Bank (NAB.AX) posted a double-digit drop in first-half earnings on Thursday …

reuters.com

5%
OFF

Aussie Lender NAB's Q3 Margins Decline; Shares Up On Cash …

1 week from now

Aug 15, 2023 · Announces share buyback worth A$1.5 billion. Posts 5% rise in quarterly cash earnings. Aug 15 (Reuters) - National Australia Bank (NAB.AX) said on Tuesday third-quarter …

reuters.com

13%
OFF

Aussie Lender NAB Reports Lower Profit But Hints Bank Margin …

1 week from now

May 2, 2024 · Cash earnings for the six months ended March 31 fell 13% versus a year earlier to A$3.55 billion ($2.32 billion) as costs for the nation's second-biggest mortgage lender rose and …

yahoo.com

2%
OFF

NAB's 3Q Profit Up, Flags Further Asset Deterioration

1 week from now

Aug 15, 2024 · The lender reported unaudited cash earnings--a measure adjusted for fair value and hedging movements--of A$1.75 billion for the quarter. NAB said this fell 0.2% when …

morningstar.com

5%
OFF

Australia's NAB Posts Profit Dip, Investors Cheer Margin Stability

1 week from now

Aug 16, 2024 · Shares of NAB were up 1.5% by mid-session, in line with the broader Australian market, as investors overlooked some weakening in the bank's loan quality and focused on its …

yahoo.com

$13000
OFF

My Ex Owes Me Almost $13,000 In Alimony | Legal Advice

1 week from now

Jul 14, 2013 · My ex owes me almost $13,000 in alimony arrears. He has been paying thru the probation department. He turned himself in on a bench warrant, but the judge only ordered him …

lawguru.com

1%
OFF

Earnings Call: NAB Reports Mixed Results Amid Economic Headwinds

1 week from now

Earnings call: NAB reports mixed results amid economic headwinds. National Australia Bank (NAB) has reported a decline in cash earnings by 8.1% year-over-year, as outlined in its Full …

investing.com

00%
OFF

DIVISION OF INVESTMENT DEPARTMENT OF THE TREASURY …

1 week from now

Oct 17, 2019 · During Fiscal Year 2018, the Federal Reserve Open Market Committee raised the Federal Funds rates 75 basis points from a range of 1.00% - 1.25% to 1.75% - 2.00%. These …

nj.gov

FAQs about NAB reports cash earnings drop amid growing arrears Coupon?

Are NAB's December quarter earnings in line with forecasts?

Brendan Sproules, head of Australian banks research at Citi, said NAB’s December quarter earnings, which fell 16.9 per cent compared to the prior corresponding period, were in line with forecasts but about 4 per cent ahead of market estimates. ...

Why did NAB not report a fall in annual earnings?

NAB’s biggest division was the only one not to report a fall in annual earnings. Mr Irvine said the economy remained resilient, but warned borrowers not to expect a cut in interest rates until February. He questioned the effectiveness of government subsidies, such as tax cuts and energy rebates. ...

How did NAB perform in 2023?

NAB said its cash earnings, before tax and credit impairment charges, were “broadly stable” when compared to the second half of the 2023 financial year, down only 3 per cent. The bank’s revenue increased 1 per cent and its net interest margin – a core measure of profitability – was “slightly higher”, but NAB did not disclose by how much. ...

How much money did NAB raise in 2024?

The Group raised $37.5 billion(1) of term wholesale funding during the September 2024 full year. NAB raised $34.5 billion of term wholesale funding, including $3.3 billion of Tier 2 subordinated debt and BNZ raised $3.0 billion of term wholesale funding. As at 30 September 2024, the full TFF allocation has been repaid. ...

Why did NAB report a 1% decline in revenue?

For the three months ended 30 June, NAB reported a 1% decline in revenue compared to the first half quarterly average. Management advised that this reflects weakness in the Markets & Treasury (M&T) business. Excluding this business, revenue rose 1% thanks to volume growth and higher other operating income, including business lending fees. ...

Why did National Australia Bank drop 8% in third-quarter cash earnings?

National Australia Bank posted an 8% drop in its third-quarter cash earnings on Friday, pressured by lower revenue and higher operating expenses, and flagged a further decline in its asset quality. Sustained high costs of living have eroded households' disposable incomes and ability to meet loan payments, resulting in rising arrears for banks. ...