By Digifin Pty Ltd · About this coverage
Key Points
- Unaudited cash NPAT of ~$2.8 billion, flat on the 2H26 quarterly average and up 8% on 1Q26
- Loan impairment expense of $300 million, or 11bpts of average Gross Loans and Acceptances
- Home loan arrears increased by 7bpts during the quarter
- CET1 (Level 2) ratio of 11.5% after $4.5 billion in 2H26 dividends
- Customer deposits represented 79% of total funding
About Commonwealth Bank (ASX:CBA)
Commonwealth Bank of Australia is an ASX-listed bank headquartered in Sydney. It provides retail, business and institutional banking services, including transaction and savings accounts, home and personal lending, business lending, credit cards and financial markets services. It operates in Australia and in New Zealand, where it owns ASB Bank.
Commonwealth Bank (ASX:CBA) released its trading update for the quarter ended 30 September 2026, showing earnings flat on the second half of FY26 while home loan arrears rose under cost-of-living pressure.
Unaudited cash NPAT was ~$2.8 billion, flat on the 2H26 quarterly average and up 8% on the prior comparative quarter, and unaudited statutory NPAT was also ~$2.8 billion. Against the 2H26 quarterly average, operating income rose 3%, as net interest income rose 4% and other operating income fell 5% on lower Markets trading income. Operating expenses rose 3%, which the bank attributes primarily to wage and IT vendor inflation, 1.5 additional days, and higher cloud computing volumes and software licensing. Loan impairment expense was $300 million, or 11bpts of average Gross Loans and Acceptances, and total provisions were flat at $6.5 billion. Home loan arrears increased by 7bpts during the quarter, while personal loan arrears improved by 6bpts. Home loans grew $39.8 billion over the 12 months to September 2026. The CET1 (Level 2) ratio was 11.5%, against APRA's minimum of 10.25%, after the payment of $4.5 billion in 2H26 dividends. Customer deposits represented 79% of total funding.
The figures are unaudited and cash NPAT is not a statutory measure. The release gives no earnings guidance, and the bank says the reported arrears rate was also affected by slower resolution following earlier pauses in late-stage collections activity.
Source: Commonwealth Bank of Australia (ASX:CBA), 11 November 2026. Summary content supplied by Digifin Pty Ltd.
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