MyState — banking, wealth, funding and acquisition record

MyState Limited is the Australian-incorporated, ASX-listed non-operating holding company (NOHC). MyState Bank Limited is the authorised deposit-taking institution (ADI); TPT Wealth Limited is the controlled trustee and wealth-management business. Neither a statutory Group result nor accounting equity is automatically a MyState Bank APRA ratio.

Section sources. FY2021 Annual Report, pp.32, 74 and 100; FY2022, pp.3 and 68; FY2024, pp.12–13; FY2025, pp.4–8, 14 and 79.

MyState Bank’s home-loan, deposit and channel measures are distinct from TPT commercial/income-fund activity and Selfco vehicle/equipment finance. Management distribution indicators are not substituted for audited balance-sheet totals.

FY2021 audited gross amortised-cost loans were $5.613bn, including $5.468bn residential mortgages. FY2025 Group net loans were $13.170bn, while gross residential mortgages were $12.865bn and commercial loans $193.029m. At FY2025 Auswide’s separate loan portfolio was $4.843bn; that perimeter change prevents an organic five-year comparison of the consolidated total.

Section sources. FY2021 Annual Report, pp.16–18, 32, 64, 86 and 89; FY2022, pp.9, 35–36 and 59–60; FY2023, pp.13–14; FY2024, pp.10–13 and 58–60; FY2025, pp.7–8, 14, 38, 66, 90 and 94.

TPT Wealth has its own funds-management and trustee/private-trustee record. Its managed investment schemes, FUM and funds under advice are client/service measures, not MyState Bank funding or retail mortgage balances.

Section sources. FY2021 Annual Report, pp.20–21, 34, 72 and 101; FY2022, p.68; FY2025, pp.40, 73 and 76.

All values below are consolidated AUD $’000 unless noted. Statutory results, management underlying measures, dividends and FY2025 acquisition/pro-forma measures are separate reporting lanes.

FY2025 interest income/expense were $608.582m/$(452.009)m; banking non-interest income was $15.526m; operating expenses were $(126.982)m and total expenses after merger items $(132.865)m; impairment expense was $(0.480)m. Management underlying FY2025 NPAT was $41.3m, versus statutory NPAT $35.558m, excluding merger-related transaction and integration costs. Group NIM was management-reported at 1.47%.

Section sources. FY2021 Annual Report, pp.63 and 70; FY2022, pp.9 and 59; FY2023, p.55; FY2024, pp.58–60; FY2025, pp.8, 12, 39, 64 and 77.

Arrears, hardship, impairment, ECL provisions and forward-looking overlays have separate definitions. No single loss or default series is manufactured from these measures.

FY2025 scenario weights were 50% base case, 40% moderate recession and 10% strong recovery; forward-looking collective provision was $2.0m. Group gross geographic exposure included Queensland $4.368bn, Victoria $2.792bn, Tasmania $2.627bn and NSW $2.320bn. These are concentration disclosures, not forecasts.

Section sources. FY2021 Annual Report, pp.32, 77, 86 and 88; FY2022, pp.59 and 82; FY2025, pp.38, 64, 83 and 91–92.

Deposits, wholesale funding, RMBS term issuance, warehouses and liquidity assets are distinct funding instruments. Securitisation is a funding/capital-management mechanism, not a retail deposit product or automatic loan derecognition.

FY2025 liquidity policy uses highly marketable assets and committed credit lines under normal and stressed scenarios. The cited evidence does not supply a comparable five-year LCR/NSFR series, so none is calculated.

Section sources. FY2021 Annual Report, pp.80, 83 and 88–89; FY2025, pp.39–40, 84 and 93.

APRA measures retain their disclosed Level 1 or Level 2 basis. The Level 2 calculation is not a full accounting-Group equity measure and not necessarily a standalone MyState Bank ratio; TPT Wealth and certain securitisation SPVs are excluded from the cited Level 2 calculation.

Disclosed governance includes Board capital responsibility, ICAAP, risk appetite, credit, market and liquidity risk controls, and operational/cyber/privacy/fraud work. Such controls are not evidence that no incident or loss occurred.

Section sources. FY2021 Annual Report, pp.74–76; FY2025, pp.40–41, 79–80 and 110.

Section sources. FY2021 Annual Report, pp.16, 18 and 32; FY2022, pp.9, 13 and 35–36; FY2023, pp.13–14; FY2024, pp.10–13; FY2025, pp.14–15 and 22–24.

The FY2024 Auswide announcement was a proposal after the 30 June balance date; its $12.5bn loan book, $9.6bn total deposits, 12.1% pro-forma CET1, expected $20m–$25m pre-tax synergies and FY2026 EPS accretion were proposal-stage figures or expectations, not FY2024 MyState results.

Acquisition accounting recognised $12.4m goodwill and an $18.5m Auswide core-deposit intangible. Beginning-of-year pro forma operating income/PBT of $99.1m/$18.0m excludes merger costs and purchase-price-allocation adjustments. It cannot be annualised from the reported four-month contribution.

Section sources. FY2024 Annual Report, pp.12–13 and 58–60; FY2025, pp.4–8, 14–15, 38–41, 64, 70–71, 77 and 102.

All figures retain their financial year, AUD unit and entity/accounting basis. Do not combine TPT FUM with deposits, MyState mortgages with Selfco equipment finance, statutory NPAT with underlying NPAT, or APRA capital with accounting equity. FY2025 acquisition-period changes are not solely organic MyState Bank movement.

Section sources. FY2021 Annual Report, pp.63–64 and 74; FY2022, pp.59–60 and 68; FY2023, pp.55–58 and 59–97; FY2024, pp.12–13 and 58–60; FY2025, pp.64, 66 and 70.