{
  "id": 3161260,
  "title": "Earnings call transcript: MyState lifts FY 2026 profit as merger gains show",
  "url": "https://urgent.news/2026/08/25/earnings-call-transcript-mystate-lifts-fy-2026-profit-as-merger-gains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T01:44:33.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-mystate-lifts-fy-2026-profit-as-merger-gains-show-93CH-4874392"
  },
  "original_language": "en",
  "account": "MyState Limited revealed a substantial increase in full-year profit for FY 2026, with underlying net profit after tax growing 41% to AUD 58.3 million. The merger with Auswide Bank and Selfco played a significant role in this improvement. Underlying earnings per share saw a 12% increase, and statutory net profit after tax reached AUD 56.2 million. Investors responded positively, with shares rising 4.68% to $4.92, close to the top of their 52-week range. MyState confirmed it as its first full year as a merged group, stating the period proved the merger thesis was working. The combined entity benefited from stronger earnings, better operating leverage, and a more diversified income base. Net interest income surged 37% due to a larger balance sheet, while other banking income rose 58% from stronger lending, transaction fees, commissions, and investment gains. Wealth management income also increased by 11%. Net interest margin improved by 3 basis points, reaching 1.5%, and by 8 basis points in the second half compared to the first half. Cost discipline also improved, with operating expenses rising only 0.8% in pro forma terms, leading to a 156 basis point increase in the cost-to-income ratio and a 9.7% return on equity. The company anticipates delivering synergies worth AUD 20 million to AUD 25 million by the end of FY 2028, having completed 158 integration initiatives so far and expecting AUD 11.8 million of run-rate synergies by the end of FY 2026. The stock's performance near its 52-week high suggests strong market acceptance of the merger and earnings growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: NZME posts H1 2026 profit as revenue returns to growth",
        "url": "https://urgent.news/2026/08/24/earnings-call-transcript-nzme-posts-h1-2026-profit-as-revenue-returns",
        "published": "2026-08-24T23:09:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}