InvestSMART

National Australia Bank Limited (ASX:NAB)

ALERT: Price-sensitive ASX Announcement for NAB
Current share price for NAB : $39.610 -5.73 (-12.64%)+
Announcement
Release
18 Feb 2026 8:00AM
Price at Release
$45.340
Full Release
download
Summary
National Australia Bank's (NAB) 2026 First Quarter Trading Update highlights a strong start to the fiscal year with a 15% increase in cash earnings, driven by underlying profit growth and lower credit impairment charges. The report indicates a 12% rise in underlying profit compared to the previous half-year average. Key contributors to revenue growth include higher fees, commissions, and improved asset quality. NAB's business lending grew by 2%, and home lending surpassed market averages, while the total customer deposits increased by 1%. The bank's CET1 capital ratio on a Level 2 basis was reported at 11.48%, a slight decrease from the previous quarter, influenced by dividend payouts and risk-weighted asset growth. NAB's focus remains on improving customer experiences and maintaining sustainable growth and shareholder returns while managing long-term risks and supporting community initiatives.
Key Points
  • Cash earnings increased by 15% due to higher underlying profit and lower credit impairment charges.
  • Revenue growth was supported by increased fees and lower customer remediation expenses.
  • NAB's CET1 capital ratio of 11.48% reflects dividend payouts and asset growth.
  • Business lending grew by 2%, while home lending exceeded market averages.
  • Total customer deposits rose by 1%, with a focus on deposit growth and proprietary home lending.
  • NAB aims for over $450 million in productivity savings for FY26.
  • Asset quality improved with a decrease in non-performing exposures.
  • NAB continues to focus on customer experience improvements and community 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.