18 August 2023 – MyState Limited has delivered a record full year profit for the period ended 30 June
2023, demonstrating strong business momentum.
Core earnings up 30.3% to $57.7 million
Net profit after tax (NPAT) up 20.2% to $38.5 million
NIM down 4 bps to 1.63%
Home lending up 14.1% to $7.8 billion, 2.9x system
Customer deposits up 12.3% to $6.2 billion
New to bank customers up 33% to a record 25,690
Cost to income (CTI) ratio down 440 bps to 64.0%
o Bank CTI ratio down 641 bps to 60.8%
Return on equity up from 7.7% to 8.7%
Earnings per share up 16.8% to 35.5cps
Total capital ratio up 302 bps to 15.43%
Final dividend 11.5 cps, in line with the interim dividend
Managing Director and CEO Brett Morgan said “MyState Limited continued to build momentum as we
deliver on our growth strategy.
“We are delighted to present a FY23 Result that has delivered record customer growth, strong portfolio
growth in home lending and deposits, and a record net profit after tax.”
“The operating environment has changed significantly as the Reserve Bank ha
Record customer growth drives MyState profit
MyState Limited < 1 mins readMedia
More from this category


- Aviation, Banking
- 10/07/2025
- 09:20
Emirates signs MoU with Crypto.com for future integration of Crypto.com Pay as a payment option for customers
Sydney, AUSTRALIA, 10 July 2025: Emirates has signed a Memorandum of Understanding (MoU) with Crypto.com to explore ways to integrate Crypto.com Pay within its…
- Contains:


- Banking
- 09/07/2025
- 22:11
Versus Trade Introduces a Smarter Way to React to Market Volatility
As markets become faster, louder, and increasingly driven by real-time narratives, traders are looking for tools that match the speed of their thinking –…
- Contains:
- Banking, Finance Investment
- 09/07/2025
- 14:04
ARC Capital Venture Analysts Weigh RBA’s Pause at 3.85% Amid Mixed Inflation Signals
ARC Capital Venture (Australia) Pty Ltd, a specialist fixed income and private market investment firm serving sophisticated Australian investors, provides commentary following the Reserve Bank of Australia’s unexpected policy decision. In a decision that surprised markets and defied consensus forecasts, the Reserve Bank of Australia (RBA) opted to hold the official cash rate steady at 3.85%, pausing its easing cycle after two consecutive reductions earlier this year. The move, supported by a 6–3 majority within the board, reflects a nuanced response to a maturing disinflationary trend and resilient domestic demand. Key Takeaways Inflation Trajectory Easing: The RBA acknowledged that underlying…
Media Outreach made fast, easy, simple.
Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.