ANZ Group Holdings Limited (ASX: ANZ) Third Quarter Trading Update for the period ended 30 Jun 2026: Cash profit stood at A$1,901 million, one per cent higher than the first-half quarterly average. The update was approved for distribution on 13 Aug 2026, and it flags a real slowdown in mortgage applications.
There is a tension running through this ANZ Q3 2026 update Australia release. Profit is up, but the home loan book is cooling. That ANZ lending slowdown 2026 story is the one worth watching this year.
Figure 1: ANZ Group Holdings Limited corporate office [Courtesy: Bloomberg]
ANZ Q3 2026 Update: Cash Profit and Key Financial Metrics
ANZ reported cash profit of A$1,901 million for the quarter, up one per cent on the first-half quarterly average. Strip out a one-off New Zealand class action provision, and cash profit rose five per cent to A$1.98 billion.
| Metric | 1H26 Qtrly Avg | 3Q26 | Movement |
| Operating income | A$5,602m | A$5,607m | 0% |
| Operating expenses | A$2,767m | A$2,785m | +1% |
| Profit before provisions | A$2,835m | A$2,822m | 0% |
| Provision charge | A$137m | A$102m | -26% |
| Cash profit | A$1,890m | A$1,901m | +1% |
| Cost-to-income ratio | 49.39% | 49.66% | +27bps |
| Return on tangible equity | 11.56% | 11.54% | -2bps |
The result was affected by a NZD 125 million pre-tax provision tied to the New Zealand class action. This followed a 5 May 2026 High Court ruling against ANZ Bank New Zealand Limited. ANZ has appealed that decision.
Figure 2: ANZ’s key financial metrics for the quarter ended 30 Jun 2026 [Courtesy: ANZ Group Holdings Limited]
Why the ANZ Q3 2026 Update Matters for Investors
The reason this ANZ banking results Q3 2026 release is of consequence is because it shows the darts flying both ways. Profit grows steadily, but home lending momentum in Australia has clearly slowed.
Readers tracking the ANZ lending slowdown 2026 trend will find the mortgage application figures particularly telling this quarter.
Home Lending Applications Point to a Slowdown
ANZ’s mortgage application value in the third quarter was broadly flat against the second quarter. Growth was supported by the Australian Government’s five per cent Deposit Scheme, introduced in late March 2026.
Excluding the scheme’s impact, application value actually declined five per cent quarter on quarter. This underlines the depth of the current ANZ lending slowdown 2026 across the home loan market.
Mortgage Demand and the Federal Deposit Scheme Effect
Excluding the deposit scheme entirely, application value fell twelve per cent between the federal budget announcement and the end of July. That comparison was measured against the second quarter of 2026.
This suggests underlying demand softened well beyond what scheme-assisted buyers alone could offset. It is a key signal within this ANZ Q3 2026 update Australia release.
Who Is Driving ANZ’s Strategic Shift
ANZ’s leadership is executing against five immediate priorities under its 2030 strategy. These span culture, risk management, cost discipline, technology and the Suncorp Bank integration.
The Company has embedded a new leadership team and launched refreshed values across the business. Non-financial risk remediation work also remains on track under the Root Cause Remediation Plan.
Progress Under the Five Immediate Priorities
ANZ has exited 84 per cent of the 3,500 announced roles by the end of June 2026. Around 73 per cent of the estimated A$875 million in FY26 gross cost savings has been realised.
The single customer front-end programme was 24 per cent complete at the end of June. Suncorp Bank integration activity reached 45 per cent complete over the same period, with full migration due by June 2027.
Figure 3: ANZ’s five immediate priorities under its 2030 Strategy [Courtesy: ANZ Group Holdings Limited]
Balance Sheet, Deposits and Lending Growth
ANZ’s balance sheet strengthened across Australia, New Zealand and the Institutional division during the quarter. Customer deposits rose two per cent to A$786 billion between March and June 2026.
Net loans and advances increased three per cent to A$846 billion over the same period. Home lending in the Australia Retail division rose to A$355 billion, up two per cent quarter on quarter.
According to the sources Banking sector lending trends broadly mirrored ANZ’s own quarterly pattern. Business lending growth outpaced home lending, rising four per cent to A$71 billion.
Provision Charges and Credit Quality
ANZ’s total provision charge fell 26 per cent to A$102 million in the third quarter. The total collective provision balance rose slightly to A$4.48 billion as at June 2026.
Non-performing credit exposures remained unchanged at 0.55 per cent of total exposures. This was unchanged from March 2026 and a mere tick below the September 2025 print.
About ANZ Group Holdings Limited
ANZ Group Holdings Limited is one of Australia’s major banking groups, headquartered in Docklands, Victoria. The Company operates across Australia, New Zealand and Institutional banking, alongside the recently acquired Suncorp Bank.
ANZ (ASX: ANZ) is progressing its 2030 Strategy, which centres on culture reset, risk management and technology simplification. The Company’s Institutional arm also serves corporate and government clients through Markets and Transaction Banking.
Industry Outlook
Australia’s banking sector is navigating a period of cautious credit growth alongside government-backed home ownership schemes. Cost discipline and technology investment remain central themes across major ASX-listed banks this year.
The broader ANZ banking results Q3 2026 pattern reflects a sector adjusting to slower mortgage demand. Institutions with strong capital buffers, like ANZ, appear better placed to manage this transition.
ANZ Share Price (ASX: ANZ)
- Last traded price: A$38.040
- Market capitalisation: A$109.74 billion
- 52-week range: A$31.610 to A$41.000
- APRA Level 2 CET1 ratio: 12.51 per cent as at June 2026
- Return on tangible equity: 11.54 per cent for the third quarter
Figure 4: Movement in ANZ’s APRA Level 2 CET1 ratio during the quarter [Courtesy: ANZ Group Holdings Limited]
Future Direction and Impact on ANZ’s 2030 Growth Strategy
Impact on ANZ’s earnings trajectory will hinge on how quickly the Suncorp Bank integration reaches completion. Management remains on track to hit 57 per cent completion by September 2026.
According to the sources banking sector conditions could shape how fast lending volumes recover. If the deposit scheme’s influence fades, the ANZ lending slowdown 2026 trend may persist through the year.
The single customer front-end rollout is expected to reach 45 per cent completion by September 2026. Full delivery to Retail and SME customers remains targeted for September 2027.
Investors following this ANZ Q3 2026 update Australia release should watch the FY26 full-year results closely. Cost savings progress and mortgage application trends will likely shape near-term sentiment.
FAQs
Q1. What did ANZ report in its Q3 2026 update?
Ans. The cash profit for ANZ came in at a total of A$1,901 million, one per cent higher than the first-half average for each quarter.
Q2. Why is there talk of an ANZ lending slowdown in 2026?
Ans. Mortgage application value fell once the Government’s deposit scheme impact was excluded from the numbers.
Q3. How is ANZ progressing with the Suncorp Bank integration?
Ans. Integration activity was 45 per cent complete at the end of June, targeting full migration by June 2027.
Q4. What is ANZ’s capital position as at June 2026?
Ans. The APRA Level 2 CET1 ratio stood at 12.51 per cent, up 12 basis points on the prior quarter.
Disclaimer
This article is meant only for informational purposes. If you are an investor watching ANZ Group Holdings Limited closely, all data published in this content is sourced from the Company’s official Third Quarter 2026 Trading Update and ASX announcements. Kindly verify all information related to share price and market data before making any decisions. Any investment should be made at the investor’s own risk. Colitco does not hold any position in the above-mentioned company.
Source
- https://www.anz.com/shareholder/centre/
- https://www.anz.com/debtinvestors/centre/
- https://www.asx.com.au/markets/company/ANZ
- https://www.anz.com.au/newsroom/new-zealand/2026/05/anz-new-zealand-class-action-decision/
- https://www.marketindex.com.au/data-api/api/v1/announcements/XASX:ANZ:3A698700/pdf/inline/2026-third-quarter-trading-update-pillar-3-discussion-pack
Luke Carlino is a seasoned Copywriter, Content Strategist, and Social Media Manager specialising in Mining, Finance, and Business journalism. With more than a decade of industry experience, he brings rigorous editorial standards and commercial acuity to every project.
