ANZ Adjustments Post-Suncorp Acquisition Impact 2024 Profits
Company Announcements

ANZ Adjustments Post-Suncorp Acquisition Impact 2024 Profits

ANZ Group Holdings (AU:ANZ) has released an update.

ANZ Group Holdings announced a $196 million net after-tax charge impacting its second-half 2024 results due to accounting adjustments following the acquisition of Suncorp Bank. This adjustment, which includes an accelerated software amortization and a credit impairment charge, will slightly reduce ANZ’s Common Equity Tier 1 Capital. Despite the impact on profits, the adjustments do not alter the assessed value or purchase price of Suncorp Bank.

For further insights into AU:ANZ stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskANZ Group to Redeem €1 Billion Subordinated Notes
TipRanks Australian Auto-Generated NewsdeskANZ Group Holdings to Consider New Shareholder Resolutions
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App