The Mutual Bank remains financially strong and has reported continued growth in assets, lending and deposits for the financial year ended 30 June 2026.
As a customer-owned bank, our focus remains on building sustainable long-term value for our Members while continuing to invest in the services, technology and operational resilience needed to support the communities we serve and adapt to a more complex operating environment.
Our 2026 financial results
During the year:
- total assets increased by 11.3% to $1.33 billion;
- loans outstanding increased by 8.6% to $1.07 billion;
- deposits increased by 8.1% to $1.11 billion;
- net interest income increased by 1.8%;
- net profit after tax was $2.1 million, maintaining capital adequacy at 16.0% - well above prudential requirements; and
- net assets increased to $74.3 million.
The year’s profit result reflects the balance we seek to maintain between growing the Bank, offering consistent and competitive value for our Members, meeting our regulatory obligations and investing in strategic initiatives for the long-term benefit of our Members.
Our Annual General Meeting was held on Thursday 12 November 2026.
