Auswide Bank (ASX:ABA): Full Year 2017 Results Presentation

Company Presentations

Auswide Bank Ltd (ASX:ABA), Managing Director Martin Barrett, and CFO Bill Schafer, discusses FY17 results and outlook.

2016-17 Financial summary
Consolidated entity                                    FY17                        FY16                           Change
Underlying NPAT                                          $15.636m                $14.041m                    11.40%
Statutory NPAT                                             $15.149m                $11.699m                    29.50%
Final dividend per share (fully franked)        17.0c                       16.0c                           1.0c
Total dividend per share (fully franked)        31.0c                       30.0c                           1.0c
Earnings per share - underlying                     38.5c                       37.5c                           1.0c
Earnings per share - statutory                        37.3c                       31.2c                           6.1c

Outlook
- QLD Economic Forecast – improvement is expected to be driven by:
            o Mining and resources investment
            o International tourism
            o State investment
- Slower home loan growth in H1 FY18 followed by strong second half
            o Investor lending caps / Interest only lending
- Strong origination quality to continue to build a quality loan book
- Continued capital strength and ongoing risk culture improvements

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