MyState’s MYS fiscal 2023 cash net profit after tax increased 20% to AUD 38.5 million, with 14% loan growth helping offset weaker net interest margin and rising operating costs. The result missed our ...
We reduce our fair value estimate for MyState by 4% to AUD 4.80 per share. As a small bank focused on home lending, the no-moat bank is feeling the pressure of intense competition among the four major ...
Tasmanian-based bank MyState won 17,000 new customers in the past year and expects more growth thanks to its new digital offering and faster mortgage approval times, but its CEO says the large banks ...
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