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Mystate Limited ( (AU:MYS) ) has issued an update.
MyState Limited reported a steady underlying net profit of $17.5 million as it prepares for its merger with Auswide Bank, set to take place on February 19, 2025. Despite a challenging economic environment, MyState has grown its customer base, maintained a strong net promoter score, and strengthened its capital position with a total capital ratio increase to 17.0%. The company declared an interim dividend of 10.5 cents per share, reflecting a payout ratio of 77% of the underlying net profit, and highlighted its stable lending book and resilience against cost-of-living pressures.
More about Mystate Limited
MyState Limited is an ASX-listed non-operating holding company that oversees MyState Bank and TPT Wealth, a trustee and wealth management company. The company operates in the diversified financial services sector, with MyState Bank regulated by the Australian Prudential Regulatory Authority and both MyState Bank and TPT Wealth holding Australian Financial Services Licences.
YTD Price Performance: 3.36%
Average Trading Volume: 228,911
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$511.4M
Find detailed analytics on MYS stock on TipRanks’ Stock Analysis page.
