ANZ delivers record $11bn in revenues in half-year earnings report

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ANZ delivers record $11bn in revenues in half-year earnings report

One of Australia’s biggest banks has delivered record revenues in its latest half-year earnings report.

ANZ, the ASX-listed $89bn financial giant, reported $10.99bn in revenues for the six months ending on March 31, 2025, a record high and a 5 per cent lift from the prior six months.

It also delivered a 16 per cent jump in net profits to $3.64bn.

The market had expected profits to hit $3.44bn.

ANZ acquired Suncorp Bank for $4.9bn in the middle of 2024 and Thursday’s results reflected the first full inclusion of Suncorp’s earnings.

Return on equity, which measures how effectively a bank squeezes profits from money invested by shareholders, lifted 0.94 points to 10.2 per cent.

But net interest margin, a key measure of bank profitability, dipped from 2.44 per cent to 1.56 per cent.

The bank announced a dividend of 83 cents per share.

Camera IconBanking giant ANZ reported record revenues and profits on Thursday morning. NewsWire / Gaye Gerard Credit: News Corp Australia

Outgoing ANZ CEO Shayne Elliott celebrated the results and said the bank was “well placed to navigate ongoing volatility”.

“We have delivered record half year revenues,” he said.

“This highlights both the strength of our franchise and the step change in our earnings from the inclusion of the first full half of Suncorp Bank’s earnings.

“As I hand over to our incoming CEO Nuno Matos, the bank is well placed for the future.

“Our strong balance sheet, along with our diversified portfolio, leave the bank well placed to navigate ongoing volatility.”

Mr Elliott ran the bank for nine years and Mr Matos, formerly the CEO of HSBC’s the wealth and personal banking division, will take control of ANZ from today.

Loans and deposits also advanced over the *******.

Gross loans were $824bn at the end of March, a 2 per cent lift from the prior six months, while customer deposits increases 6 per cent to $756.6bn.

*********** households have remained “remarkably robust and resilient”, Mr Elliott said, and were well positioned to navigate uncertainty.

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“While initial interest rate relief was welcomed by retail and commercial customers, we know many continue to face challenges,” he said.

“Generally households remain remarkably robust and resilient, with strong balance sheets the norm for our customers in both Australia and New Zealand.

“For those who need assistance, our teams ready to help with tailored support.”

Average *********** home loan sizes were $354,000 for the half-year, an increase from $331,000 recorded in first-half of the 2024 financial year and $302,000 in 2023.

First home buyers accounted for 9 per cent of loans, compared to 8 per cent in 2024 and 7 per cent in 2023.

Borrowers 90 days in arrears was less than 1 per cent.

The 197-year-old bank, which operates in Australia, New Zealand and internationally, counts some 11 million customers across the retail, business and institutional sectors.

It employs more than 43,000 people, with 21,500 of them in Australia.

Personnel expenses accounted for $3.3bn from its total $5.7bn expense bill over the *******.

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