Commonwealth Bank FY Cash Profit Beats Estimates at A$10.98 Billion
Commonwealth Bank of Australia reported full-year cash profit from continuing operations of A$10.98 billion, exceeding analyst forecasts of A$10.85 billion.
CBA
Australia's largest lender posted net income of A$10.87 billion, above the A$10.75 billion estimate. Net interest income reached A$25.59 billion, with a net interest margin of 2.05% meeting expectations.
Key capital metrics remained robust, with a Common Equity Tier 1 (CET1) ratio of 12.0%. The bank declared a final dividend of A$2.70 per share.
The results underscore resilient earnings momentum despite a higher-rate environment.
Source: First Squawk