NAB plans 2,500 job cuts: November 5 results test NAB stock

Published on 10/23/2026 at 09:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NAB expects an AUD 300 million pre-tax restructuring charge in fiscal 2027. NAB stock costs EUR 25.68 on October 23, 2026, with November 5 results ahead.

Workforce reset and earnings

On October 20, 2026, NAB announced plans to cut up to 2,500 roles by mid-2027.
For the quarter ended June 30, 2026, cash earnings were AUD 1.83 billion, up 2 percent from the first-half quarterly average.
NAB stock trades at EUR 25.68 at 9:04 a.m. CEST at Lang & Schwarz on October 23, 2026.

NAB, AU000000NAB4, Illustration mit AI erstellt.

NAB (ISIN AU000000NAB4) was trading at EUR 25.68 at Lang & Schwarz on October 23, 2026 at 9:04 a.m. CEST. The bank plans to cut up to 2,500 roles by mid-2027, including up to 1,500 before the end of 2026, according to ABC News on October 20, 2026.

Restructuring carries a clear cost

NAB expects an AUD 300 million pre-tax restructuring charge in fiscal 2027. The plan targets corporate functions, reduces the use of consultants and is intended to simplify the operating model, the bank said in information reported by Alpha Insights on October 20, 2026.

The timing matters because NAB has scheduled its fiscal 2026 full-year results for November 5, 2026. Management is expected to provide its fiscal 2027 cost outlook alongside those results.

Three events changed the picture

On August 17, 2026, NAB reported third-quarter cash earnings of AUD 1.83 billion for the quarter ended June 30, 2026, up 2 percent from the first-half quarterly average, according to StockNext. On October 18, 2026, the NAB Commercial Property Index fell from plus 16 to plus 1 in the September quarter. On October 20, 2026, the bank announced the workforce reduction and the AUD 300 million charge.

What does the earnings update show?

The latest quarterly figures point to a mixed operating picture. Statutory net profit was AUD 1.81 billion in the quarter ended June 30, 2026, up 4 percent from the third quarter of 2025, while the net interest margin was 1.79 percent, down 2 basis points from the first-half average, according to StockNext. Revenue rose 2 percent overall in that quarter, or 3 percent excluding markets and treasury income.

November 5 is the next date

NAB's official shareholder calendar lists November 5, 2026, for the full-year results announcement and records an interim dividend of AUD 0.85 per ordinary share for 2026, according to NAB. The results will show whether the planned savings can offset the restructuring charge and support the bank's cost outlook.

Stock price and investor context

NAB stock was trading at EUR 25.68 at Lang & Schwarz on October 23, 2026 at 9:04 a.m. CEST. The next material company date is November 5, 2026, when NAB is due to publish its fiscal 2026 results.

The further course of trading is shown by the continuously updated real-time quote of NAB stock.