Commonwealth Bank of Australia (CBA) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the results briefing for the Commonwealth Bank of Australia for the half year ended 31 December 2025. I'm Melanie Kirk and I'm Head of Investor Relations. Thank you for joining us. For this briefing, we will have presentations from our CEO, Matt Common, with an overview of the results and an update on the business. Our CFO, Alan Docherty, will provide details of the results and Matt will then provide an outlook and summary. The presentations will be followed by the opportunity for analysts and investors to ask questions. I'll now hand over to Matt. Thank you, Matt. Thanks very much, Mel, and good morning, everyone. It's great to be with you today to present the bank's half-year results. We recognise the cost of living pressures, global uncertainty and rapid change are weighing on many Australians. In this environment, we've remained focused on supporting and serving our customers. That focus has delivered disciplined growth across our core customer segments. Cash net profit increased by 6% on the prior comparative period and earnings per share increased by 19 cents. We maintained strong liquidity, funding and capital positions and our operating performance and capital position has allowed the board to declare a fully franked dividend of $2.35 up 10 cents on the prior corresponding period. This marks the 11th consecutive period of DRP neutralisation. There are two features of this result that stand out. The first is the market context. We've seen high credit growth, low loan losses, supportive funding markets and intense competition. The second, which is a key strength, has been maintaining stable margins while growing volume at or above system across all major segments. Over the past 12 months, mortgage balances grew by $45 billion or 7% and busi...