tiprankstipranks
Advertisement
Advertisement

MyState lifts profit and dividend as Auswide merger synergies flow

Story Highlights
  • MyState’s first-half FY26 profit rose sharply as increased scale, higher margins and cost control boosted earnings following its merger with Auswide.
  • The bank advanced integration milestones, realised substantial synergies and grew Selfco and TPT Wealth, while keeping credit quality strong and raising its dividend.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MyState lifts profit and dividend as Auswide merger synergies flow

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Mystate Limited ( (AU:MYS) ).

MyState Limited reported strong first-half FY26 earnings growth one year after its merger with Auswide, with underlying profit after tax up 18.4% to $28.2 million and statutory net profit up 39% to $27.3 million, driven by increased scale, higher operating income and disciplined cost control.

The group delivered $10.4 million in annualised integration synergies by 31 December 2025, advanced key integration milestones such as moving to a single banking licence and selecting a unified brand, and continued to expand higher-margin businesses including Selfco equipment finance and TPT Wealth, while maintaining sound credit quality, sustaining a high capital ratio and lifting its fully franked interim dividend.

The most recent analyst rating on (AU:MYS) stock is a Buy with a A$5.06 price target. To see the full list of analyst forecasts on Mystate Limited stock, see the AU:MYS Stock Forecast page.

More about Mystate Limited

MyState Limited is an Australian diversified financial services group operating in retail banking, equipment finance and wealth management. Following its FY25 merger with Auswide, the group focuses on home lending, deposit products such as its new digital Hello Saver account, the Selfco equipment finance business and TPT Wealth’s funds management and trustee services, with a growing presence in regional and partnership channels.

Average Trading Volume: 171,290

Technical Sentiment Signal: Buy

Current Market Cap: A$790.7M

For detailed information about MYS stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1