Heartland Bank 2018 Annual Results

Posted 15th August 2018

Heartland Bank Limited is pleased to announce its annual results for the year ending 30 June 2018. Heartland achieved a net profit after tax (NPAT) of $67.5 million for the financial year ended 30 June 2018, an increase of 11% from the previous financial year ended 30 June 2017. Highlights of the result include:

Heartland Bank Limited is pleased to announce its annual results for the year ending 30 June 2018.  Heartland achieved a net profit after tax (NPAT) of $67.5 million for the financial year ended 30 June 2018, an increase of 11% from the previous financial year ended 30 June 2017.  Highlights of the result include:

  • Net profit after tax $67.5 million, up 11%
  • Net finance receivables $4.0 billion, up 12%
  • Return on equity 11.1%
  • NIM 4.42%
  • Cost to income ratio 40.9%
  • Final dividend 5.5cps, Full year dividend 9.0cps

Please find attached the following documents which have been released to the NZX and are now on our website: