Commonwealth Bank stock: Profit rises as mortgage arrears hit 0.80%
Published on 11/11/2026 at 15:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit growth meets rising mortgage stress
- Commonwealth Bank posted first-quarter profit growth despite higher home-loan arrears.
- New home-loan applications remained weaker, while business and home lending volumes increased.
- Analysts saw the quarterly update as a modest miss against expectations because of weaker trading income and higher bad debts.
Commonwealth Bank of Australia reported first-quarter profit of 2.8 billion Australian dollars on Wednesday, November 11, as higher lending volumes supported earnings while mortgage stress increased. The Sydney Morning Herald reported that the result covered the quarter ended September 30.
Profit was 8 percent above the same quarter a year earlier but flat against the preceding quarterly average. Operating income rose 3 percent, matching the increase in expenses. Citi analysts described the result as a modest miss against expectations, citing weaker trading income and higher bad debts.
Mortgage arrears move higher
Home loans more than 90 days overdue increased by seven basis points to 0.80 percent. Commonwealth Bank attributed the deterioration to higher interest rates and inflation, while its provision for potential loan losses increased by 105 million Australian dollars. Total bad-loan provisions remained at 6.5 billion Australian dollars.
Business-loan volumes rose 13.6 percent during the quarter and home-loan volumes gained 6.6 percent. New home-loan applications, however, remained 16 percent below the same quarter a year earlier, pointing to weaker demand as borrowing costs stay elevated.
Rate pressure remains central
Chief executive Matt Comyn said higher inflation and interest rates were placing uneven pressure on household incomes and business activity. The Reserve Bank of Australia raised its cash rate to an 18-year high on November 3, adding to the burden on borrowers.
Commonwealth Bank stock traded at 102.67 euros on Lang & Schwarz at 15:30 CET on Wednesday, November 11, 2026.
Commonwealth Bank at a glance
- Company: Commonwealth Bank of Australia
- ISIN: AU000000CBA7
- Lang & Schwarz quote: 102.67 euros at 15:30 CET on November 11, 2026
- First-quarter profit: 2.8 billion Australian dollars
- Home-loan arrears: 0.80 percent for loans more than 90 days overdue
Australian banks remain sensitive to household credit quality and interest-rate expectations. Further market coverage is available in the current market reports.
More news and analysis is available on Commonwealth Bank stock.
