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Commonwealth Bank of Australia (ASX:CBA)

ALERT: Price-sensitive ASX Announcement for CBA
Current share price for CBA : $162.020 -9.55 (-5.57%)+
Announcement
Release
13 May 2026 7:30AM
Price at Release
$171.570
Full Release
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Summary
The Commonwealth Bank of Australia's March Quarter 2026 Trading Update showcases a resilient financial performance amid challenging economic conditions. The Bank reported an unaudited statutory NPAT of approximately $2.6 billion and cash NPAT of $2.7 billion, reflecting a 4% increase compared to the previous year. Despite flat operating income, the Bank maintained strong balance sheet settings with a CET1 ratio of 11.6% well above regulatory requirements, and a customer deposit funding ratio of 79%. Operating expenses increased by 1% due to investments in technology and productivity initiatives. The Bank issued A$32 billion in long-term wholesale funding to reinforce its liquidity position. Additionally, heightened geopolitical risks prompted an increase in collective provisions, although credit quality remains sound. The Bank continues to focus on customer support and strategic execution in response to global uncertainties.
Key Points
  • Unaudited statutory NPAT of ~$2.6 billion
  • Cash NPAT of ~$2.7 billion, up 4% on prior comparative quarter
  • Operating income flat; higher net interest income offset by lower other income
  • CET1 ratio of 11.6%, above regulatory requirement
  • Customer deposit funding ratio at 79%
  • Operating expenses up 1% due to cloud computing and AI investments
  • Issued A$32 billion in long-term wholesale funding
  • Increased collective provisions due to geopolitical risks
  • Maintained strong balance sheet and liquidity positions
  • Continued focus on strategic execution and customer support
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.