NAB Reports 11% Increase in Q1 2026 Net Profit to $1.56 Billion

Strong Performance Driven by Increased Lending and Revenue Growth

NAB Achieves 11% Net Profit Growth in First Quarter of 2026?w=400

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National Australia Bank (NAB) has reported an 11% year-on-year increase in net profit for the first quarter of the 2026 financial year, reaching $1.56 billion.

This growth is attributed to higher revenue across customer-facing divisions and a supportive Australian economic environment.

Key highlights from NAB's Q1 2026 trading update include:

Revenue Growth: A 6% increase, driven by higher markets and treasury income, increased fees and commissions, and reduced customer-related remediation costs.
Net Interest Margin (NIM): An improvement of 2 basis points to 1.8%, reflecting better deposit outcomes and lending competition.
Business Lending: A 2% rise in Australian business lending, with a notable 3% growth in the Business & Private Banking sector, indicating market share gains in SME and total business lending.
Home Lending: Growth at 1.1 times the system rate, with proprietary channel drawdowns improving from 41% in the second half of 2025 to 46% in Q1 2026.

CEO Andrew Irvine highlighted the disciplined execution of NAB's strategy, focusing on growing business banking, driving deposit growth, and strengthening proprietary home lending. The bank continues to target productivity savings and aims to keep operating expense growth below the previous year's rate.

For small business owners and self-employed individuals, NAB's increased focus on business lending and improved financial performance may translate into more accessible financing options and competitive loan products. Staying informed about NAB's offerings and market trends can assist in making informed borrowing decisions.

Published:Saturday, 9th May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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Knowledgebase

Private Mortgage Insurance (PMI):
A type of insurance that a borrower might be required to purchase as a condition of a conventional mortgage loan, if the down payment is less than 20% of the property value.

NAB Achieves 11% Net Profit Growth in First Quarter of 2026

Strong Performance Driven by Increased Lending and Revenue Growth

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