BNK Banking reports statutory loss of $3.7M in FY26
- BNK Banking recorded a statutory net loss after tax of $3.7 million for the 2026 financial year.
- The statutory loss represents a 389% drop from the prior year, primarily driven by a $3.5 million goodwill impairment.
- The company expanded commercial lending to 25% of its total portfolio to lift net interest margins in a competitive funding environment.
BNK Banking (ASX:BBC) reported a statutory net loss after tax of $3.7 million for the 12 months ended June 30, due to a $3.5 million goodwill impairment.
The statutory result marks a 389% decline from the 2025 financial year, though underlying net profit after tax reached $1 million without relying on portfolio sales.
Operating expenses rose 10% to $26.6 million, while net interest income grew to $24 million as net interest margins expanded by 44 basis points to 1.96%.
The bank expanded commercial lending to represent 25% of its total loan book, helping overall lending grow 10% to $994 million.
Following the announcement, the BNK Banking share price was unchanged at $0.25.
The Perth-based authorised deposit-taking institution maintains a capital adequacy ratio of 24.6% and a deposit-to-loan ratio of 107%.
The lender has focused on diversifying into senior secured investments and launching a negotiable certificate of deposit funding programme to support margin growth.
