ANZ shares: Profit jumps in 2026 half-year earnings

ANZ's 2026 half-year earnings show big profit growth and a steady dividend, as the bank focuses on transformation and Suncorp integration.

The ANZ Group Holdings Ltd (ASX: ANZ) share price is in focus today after the big four bank reported a half-year cash profit of $3.78 billion, up 70% from the previous half, and a statutory profit of $3.65 billion. ANZ also declared an interim dividend of 83 cents per share, with franking increased to 75%.

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What did ANZ report?

  • Statutory profit for the half: $3,650 million, up 62% on prior half
  • Cash profit: $3,780 million, up 70% or 14% excluding significant items
  • Cash return on tangible equity: 11.6%, up 161 basis points
  • CET1 capital ratio: 12.39%, up 36 basis points from September 2025
  • Interim dividend: 83 cents per share, franked at 75%
  • Cost-to-income ratio: down to 49.4% from 65.5% previously

What else do investors need to know?

ANZ reported improved results across key metrics after simplifying its business and completing several transformation initiatives. The proposed integration of Suncorp Bank remains on track, with customer migration planned by June 2027.

Credit quality stayed strong, with low portfolio losses and only a minimal increase in non-performing exposures. Customer deposits increased 3% and capital levels remain well above regulatory minimums. Liquidity ratios also stayed strong, highlighting ANZ's financial stability.

What did ANZ management say?

ANZ Chief Executive Officer Nuno Matos said:

This half year result demonstrates three things. First, our transformation is running at pace, and we are making good progress in executing our five immediate priorities safely, sustainably, and on time.

Second, in parallel, we are investing in line with our ANZ 2030 strategic initiatives, to deliver for our customers, accelerate growth and outperform the market beyond 2027.

Third, importantly we are already delivering materially better returns for shareholders.

What's next for ANZ?

ANZ expects to continue executing on its ANZ 2030 strategy, focusing on cost reductions, technology, and customer experience. The bank is targeting a return on tangible equity around 12% by FY28 and a cost-to-income ratio in the mid-40s percent range.

There are further plans to complete the integration of Suncorp Bank and achieve cost savings of $800 million in FY26, with Suncorp synergies expected to deliver $500 million in annual benefits by FY29. ANZ will also keep building its risk management framework amid ongoing economic uncertainty.

ANZ share price snapshot

Over the past 12 months, ANZ shares have risen 23%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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