Help & support
“We have continued to execute our strategy with discipline, maintaining a strong focus on supporting customers while delivering sustainable outcomes for shareholders. A strong labour market and, until recently, easing interest rates, have provided some relief for borrowers, and our credit quality has improved.”
“While conditions remain challenging for some customers, recent improvements in economic activity reinforce the resilience of the Australian economy. Customer outcomes remain central to our approach. We have continued to invest in technology and frontline teams to improve customer experiences.”
“Our balance sheet settings remain resilient with strong levels of capital, deposit funding and provisioning given the economic backdrop and geopolitical issues. Our financial position enables us to support lending growth, continue investing to accelerate our technology modernisation agenda and enhance our GenAI capability, and help combat fraud, scams, cyber threats and financial crime.
We continue to watch the competitive intensity and its implications across the financial system. We are well placed to compete effectively and will continue to adjust our settings as appropriate.”
“Our history of long-term decision making has created a strong, resilient bank that supports our customers and communities and delivers for shareholders. This has allowed us to declare an interim dividend of $2.35 per share, fully franked.”
"Economic growth strengthened during the half, driven by increases in consumer demand and rising investment in AI and energy infrastructure. Supply side constraints mean that the economy is struggling to meet this increased demand. As a result, inflation is now expected to remain above the Reserve Bank’s target band for some time, placing further upward pressure on interest rates. We will continue to seek to support our customers with their financial resilience. We are optimistic about the prospects for the economy and will play our part in building a brighter future for all."
Commonwealth Bank CEO Matt Comyn comments on today's results announcement:
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Statutory NPAT
$5,412m
▲5% on 1H25
▲8% on 2H25
Cash NPAT
$5,445m
▲6% on 1H25
▲6% on 2H25
Net profit after tax (NPAT) was supported by lending and deposit volume growth in our core businesses. This was partly offset by lower margins and higher operating expenses primarily due to inflation and our continued investment in technology.
$2.35 per share, fully franked
▲4% on 1H25
The interim dividend was $2.35 per share, fully franked. The dividend payout ratio is ~74% of cash NPAT on a normalised basis. The Dividend Reinvestment Plan continues to be offered to shareholders and is expected to be satisfied through the on-market purchase of shares.
2.04%
▼4bpts on 1H25 (flat underlying basis)
▼4bpts on 2H25 (▼1bpts underlying basis)
Excluding growth in liquid assets and institutional reverse sale and repurchase agreements, which have broadly neutral impacts on net interest income, underlying net interest margin was slightly lower in the half. This was primarily due to competition in home lending and lower Treasury and Markets income, partly offset by higher earnings on the replicating portfolio and favourable funding mix from strong growth in at-call deposits.
APRA Level 2: 12.3%
Flat on Jun 25
▲10bpts on Dec 24
International: 18.3%
The Group maintained a strong capital position with a Common Equity Tier 1 (CET1) ratio of 12.3%, well above APRA’s minimum regulatory requirement of 10.25%. Our strong capital position and earnings resilience enable us to support customers, absorb losses and generate sustainable returns.
79% Deposit funding ratio (78% Jun 25)
132% LCR (130% Jun 25
117% NSFR (115% Jun 25)
Deposit funding remained strong at 79% of total funding, underpinned by a significant proportion of our funding requirements being met through stable retail and business customer deposits. Long-term wholesale funding accounted for 68% of total wholesale funding and a portfolio weighted average maturity of 5.2 years remains conservatively positioned. Our liquidity and funding positions are appropriately managed with LCR and NSFR well above their minimum regulatory requirements.
$319m (Loan loss rate 6bpts)
Flat on 1H25
▼ 21% on 2H25
Loan impairment expense decreased reflecting improved credit quality, partly offset by elevated geopolitical tensions and global macroeconomic uncertainty. Home loan arrears decreased 7bpts in the half reflecting lower interest rates and seasonal tax refunds and 87% of home loan customers are now in advance of their scheduled repayments. Provision coverage remains strong at 1.55% of credit risk weighted assets. We now carry a ~$2.8 billion buffer relative to the losses expected under our central economic scenario.
Alan Docherty and Matt Comyn
Commonwealth Bank CFO Alan Docherty (left) and CEO Matt Comyn (right) at the bank’s first-half 2026 results briefing in Sydney on 11 February 2026. Credit: Supplied - CBA/ Nic Long
Matt Comyn
Commonwealth Bank CEO Matt Comyn at the bank’s first-half 2026 results briefing in Sydney on 11 February 2026. Credit: Supplied-CBA/ Nic Long
Alan Docherty
Commonwealth Bank CFO Alan Docherty at the bank’s first-half 2026 results briefing in Sydney on 11 February 2026. Credit: Credit Supplied - CBA/ Nic Long
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