NAB

 NAB

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Over the past 5 years, ASX:NAB has delivered strong total shareholder returns and consistent but recently flattening profitability. Net profit peaked in 2023 at AUD 7.47B before softening, Return on Equity (ROE) has stabilized around 10-11%, and balance sheet debt remains minimal. [1, 2, 3, 4, 5]

Financial Highlights (FY21–FY26)

Profit: Statutory net profit climbed from AUD 6.6B in 2021 to a peak of AUD 7.47B in 2023. However, momentum has recently moderated, with 2025 net income coming in at AUD 6.79B due to rising loan impairments and competitive margin pressures. [1, 2, 3]
Debt / Leverage: Traditional corporate debt is negligible, as bank funding relies heavily on customer deposits. NAB maintains a robust Common Equity Tier 1 (CET1) Ratio of over 11.8%, well above regulatory minimums. [1, 2, 3, 4]
Return on Equity (ROE): NAB has produced steady double-digit returns. Cash ROE hit a 5-year high of 12.4% in 2023 before normalizing to approximately 10.7%–10.9%. [1, 2, 3]
Net Interest Margin (NIM): NIM has hovered near 1.71% to 1.80%, benefiting from rising rates but challenged by fierce lending competition. [1, 2]
Shareholder Returns: While earnings have recently plateaued, NAB has heavily prioritized shareholder returns. The full-year dividend per share has increased from A$1.27 in 2021 to A$1.70, alongside ongoing NAB Share Buybacks to reduce share count and boost EPS. [1, 2, 3, 4]

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