Skip to main content

Australia’s largest bank reports its FY22 results | Commonwealth Bank (ASX:CBA)

Sophia Mavridis
August 10, 2022

Australia’s largest bank, Commonwealth Bank (ASX:CBA) reported its FY22 results.

Statutory NPAT rose 9% to $9.673 billion and cash NPAT rose 11% to $9.595 billion, slightly greater than Citi’s expectation. NPAT was supported by operational performance and volume growth in core businesses, as well as the reduction of COVID-19 related provisions.

CBA’s net interest margin fell 18 basis points to 1.9%, due to an increase in low yielding liquid assets and lower home loan margins.

They declared a full year fully franked dividend up 10% to $3.85 per share.

The bank expects consumer demand to moderate as cost of living pressures increase and they remain optimistic amid the current economic conditions.

CBA’s share price saw a sharp drop at the open this morning, following its earnings release, however its price has been moving higher over the course of the day, regaining earlier losses.

Brokers aren’t as optimistic on CBA’s outlook. Citi have a Sell rating, and Macquarie have an Underperform rating on CBA.

Morning Bell 20 May

Bell Direct
May 20, 2025

Morning Bell 19 May

Grady Wulff
May 19, 2025

Weekly Wrap 16 May

Bell Direct
May 16, 2025

Morning Bell 15 May

Bell Direct
May 15, 2025

Morning Bell 14 May

Bell Direct
May 14, 2025

Morning Bell 13 May

Grady Wulff
May 13, 2025

Morning Bell 12 May

Bell Direct
May 12, 2025

Weekly Wrap 9 May

Bell Direct
May 9, 2025

Morning Bell 8 May

Sophia Mavridis
May 8, 2025

Morning Bell 7 May

Bell Direct
May 7, 2025

Morning Bell 6 May

Grady Wulff
May 6, 2025