Bnk Banking Corporation Limited · ASX:BBC
Bnk Banking — FY2026 Earnings Presentation
30 slides from Bnk Banking's earnings presentation, Aug 27, 2026
Slide 1: FY26 Financial Results Investor Presentation
FY26 Financial Results 27th August 2026 Investor Presentation The Bank for Enterprising Australians
Slide 2: Agenda
Agenda FY26 Results FY26 Financial Strategy Update Questions and Overview Results Answers Steve Kinsella Judith Newman Steve Kinsella Chief Executive Officer Chief Financial Officer Chief Executive Officer Page 4 Page 15 Page 26 2
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by BNK Banking Corporation Limited (ACN 087 651 849) (“BNK”). Forward-looking statements This presentation contains certain forward-looking statements with respect to the financial condition, results of operations, business plans and objectives of manag
Slide 4: FY26 Results Overview
FY26 Results Overview Steve Kinsella Chief Executive Officer
Slide 5: FY26 Key Outcomes
FY26 Key Outcomes 10% 44 bps 82% $1.0m Net Interest Income up NIM up from FY25 to Commercial Loan Growth Underlying NPAT down 74% on 10% on FY25 to $24m 1.96% in FY26 to $247m FY25 ($3.7m) $26.8m $40m 24.6% Net Income up 3% on New Senior Secured Statutory NPAT (includes Goodwill Capital Adequacy Rat
Slide 6: Strategic Highlights
Strategic ✓ Portfolio realignment continued with Commercial Loan book growth Highlights ✓ Senior Secured loan portfolio established ✓ Underlying income growth without any significant transactions ✓ Net Interest Income growth supported by margin expansion Ongoing delivery against our strategic plan ✓
Slide 7: Lending, Deposits, NIM & Net Interest Income
Lending, Deposits, NIM & Net Interest Income Strategic reshaping of the portfolio supports net interest income growth and NIM uplift Lending ($m) Deposits ($m) NIM (%) & NII ($m) 1.96% 1,373 1.52% 1.06% 994 903 40 1,373 1,271 24.0 954 1,008 1,060 21.9 903 19.3 Jun-24 Jun-25 Jun-26 Jun-24 Jun-25 Jun-
Slide 8: Portfolio mix by lending category
Portfolio mix by lending category Risk-managed portfolio growth and diversification June 2025 June 2026 Senior Secured 4% Commercial 15% Commercial 25% Alt Doc Residential 18% Full Doc Residential 67% Full Doc Residential 53% Alt Doc Residential 18% Total: $903m Total: $994m 8
Slide 9: Portfolio repayment profile
Portfolio repayment profile The portfolio remains predominantly Principal & Interest repayment profile Residential Loans Commercial Loans Jun-25 Jun-26 Jun-25 Jun-26 Interest Interest Interest Only Interest Only Only 13.7% Only 18.2% 24.6% 32.3% Principal & Principal & Principal & Principal & Intere
Slide 10: Residential Portfolio - Owner Occupied / Investor
Residential Portfolio - Owner Occupied / Investor Residential portfolio mix remains unchanged, supporting a largely consistent risk profile year-on-year June 2025 June 2026 Investor Investor 37.4% 37.4% Owner Owner Occupied Occupied 62.6% 62.6% 10
Slide 11: Portfolio Resilience and Credit Strength
Portfolio Resilience and Credit Strength Arrears remain low with most customers on track or ahead in their repayments Residential portfolio mix by repayment Commercial portfolio mix by repayment Jun-25 Jun-26 Jun-25 Jun-26 Arrears 1.43% Arrears 1.55% Arrears 2.30% Arrears 0.93% Ahead Ahead 20.6% 24.
Slide 12: Residential Loan Book Composition
Residential Loan Book Composition Stable risk profile in the residential loan book Loan to Value ratio Loan book by state ACT TAS NT 1% 1% 0.3% SA 5% WA 13% NSW 34% 30% 28% 22% QLD 18% 23% VIC 24% 3% 0-50% 50%-60% 60%-70% 70%-80% >80% Weighted average LVR of 61% at 30 June 2026 12
Slide 13: Commercial Loan Book Composition
Commercial Loan Book Composition Stable risk profile with continued growth in the commercial loan book Loan to Value ratio Loan book by state ACT TAS NT 2% 1% 0.1% SA 8% WA 8% 53% QLD NSW 11% 45% 20% VIC 15% 11% 25% 0.4% 0-50% 50%-60% 60%-70% 70%-80% >80% Weighted average LVR of 65% at 30 June 2026
Slide 14: Strong Cornerstone Portfolio
Strong Cornerstone Portfolio Portfolio fundamentals remain sound across residential and commercial lending Residential Loan Portfolio Commercial Loan Portfolio Portfolio size: $707m Portfolio size: $247m • Focus on higher return residential loan growth • 82% growth during FY26 • Average loan size of
Slide 15: FY26 Financial Results
FY26 Financial Results Judith Newman Chief Financial Officer
Slide 16: FY26 Financial Results
FY26 Financial Results ($’000) FY26 FY25 FY26 FY25 % % Statutory Statutory Underlying Underlying Net Interest Income 24,042 21,882 10% 24,042 21,882 10% Other Income 2,797 4,228 (34%) 3,275 6,670 (51%) Operating Expenses (26,648) (24,204) 10% (25,322) (23,131) 9% Operating Performance 190 1,906 (90%
Slide 17: Underlying NPAT: FY25 to FY26
Underlying NPAT: FY25 to FY26 Underlying NPAT profit of $1.0m in FY26 $2.2m 1 $3.8m ($3.4m)1 ($0.7m)1 $1.3m1 $1.0m 1 $1.2m ($2.6m) ($0.8m) FY25 NII Other Credit Loss Employee IT Expenses Other Tax FY26 Underlying NPAT Income Provision Expenses Expenses Underlying NPAT Note 1: Transactions in FY25: -
Slide 18: Key Metrics
Key Metrics FY26 FY25 Variance Total Assets $1,285m $1,234m ↑ 4% Loans (including Senior Secured Lending) $994m $903m ↑ 10% Deposits $1,060m $1,008m ↑ 5% Net Interest Margin 1.96% 1.52% ↑ 44bps Capital Adequacy Ratio 24.6% 28.7% ↓ (412bps) Liquidity Ratio 20.7% 26.2% ↓ (550bps) Net Tangible Assets p
Slide 19: Net Interest Margin
Net Interest Margin Targeted higher-return lending and active liability management driving continued improvement in NIM NIM FY25 to FY26 Quarterly NIM trend 0.03% 2.11% 0.18% 1.93% 2.00% 0.23% 1.83% 1.76% 1.64% 1.40% 1.37% 1.37% 1.96% 1.52% 1.03% 0.94% 0.90% FY25 NIM Lending Deposits Capital FY26 NI
Slide 20: Funding Mix
Funding Mix Composition of Book (%) • Funding composition shifted towards term deposits 1% in 2H26 as customers seek higher rates in a 6% 5% 6% 7% 7% 7% competitive market. 28% • Deposit competition remains elevated, particularly 32% across online channels, with higher-yield savings and 47% CMA prod
Slide 21: Operating Expenses
Operating Expenses Total Statutory Operating Expenses up 10% YoY reflecting targeted investment in capabilities and capacity ($m) 0.8 26.6 2.6 24.2 (0.6) (0.4) 3.0 3.4 1.3 18% increase driven by: 1.9 • 4% CPI and 5.0 Superannuation increases 4.2 • 14% investment in capability and capacity 17.3 14.7
Slide 22: Credit Quality & Arrears
Credit Quality & Arrears Residential arrears 2.50% Loan book 90+ day arrears Date (31-60 days) (61-90 days) (90+ days) Total (31+ days) 2.00% 1.50% Jun-25 0.68% 0.41% 1.20% 2.30% 1.00% Sep-25 0.52% 0.28% 1.00% 1.80% 0.50% Dec-25 0.40% 0.29% 1.37% 2.05% 0.00% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Mar-26
Slide 23: Credit Quality & Portfolio Profile
Credit Quality & Portfolio Profile Customers showing resilience, portfolio strength Customer Repayment Profile Portfolio LVR 61% 56% 62% 54% 57% 58% 37% 36% 36% In advance repayment period 12% 12% 11% 13% 12% 9% 9% 9% 9% 10% 9% 9% 5% 6% 2% 2% 1% 2% Arrears On time <1 mth >1mth to >3mths to >1 year 0
Slide 24: Credit Quality & Loss Protection
Credit Quality & Loss Protection Credit Loss Provision • The increase in the expected credit loss provision ECL - 37bps is aligned to the increase in commercial lending. $264k ECL - 33bps • The loan book (exc. Senior Secured) comprises $264k 74% residential mortgages with an average $1,396k weighted
Slide 25: Well Capitalised
Well Capitalised Strong capital position remains well above regulatory minimums 28.71% 5.84% 0.18% 0.18% 0.09% 24.59% (4.53%) (0.04%) 5.05% 22.88% 19.54% CAR Jun-25 Business Earnings NPV Deferred Tax Other CAR Jun-26 Growth & Mix Assets Tier 1 Capital (L2) Tier 2 Capital (L2) 25
Slide 26: Strategy Update
Strategy Update Steve Kinsella Chief Executive Officer
Slide 27: Economic challenges in a competitive landscape
Economic challenges in a competitive landscape • Budget changes impacting Capital Gains Tax on investments, negative gearing and SMSF borrowing are contributing to cautious investor sentiment, with impacts on the residential real estate sector • Household financial pressures with inflation above RBA
Slide 28: Strategic Focus
Strategic Focus Deepening our strategic focus to drive broader sustainable value Profitability Customer Experience Technology Platform • Continued growth in targeted • Partnership opportunities to • Loan Origination Platform upgrade segments and product offerings leverage complementary expertise FY2
Slide 29: Q&A Session
BNK | fi@Better Choice Q&A Session
Slide 30: Thank you
FY26 Financial Results 27th August 2026 Thank you The Bank for Enterprising Australians