NAB

About NAB

National Australia Bank Limited (NAB) is a financial services organisation operating through a network of more than 640 branches and business banking centres, with over 580,000 shareholders and serving approximately ten million customers. The majority of the Group's financial services businesses operate in Australia and New Zealand, with additional operations located in Asia, Europe and the US.

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Announcements

What does National Australia Bank Limited (NAB) do and how does it report revenue?

Founded in 1834 and headquartered in Melbourne, today National Australia Bank (NAB) provides financial services to individuals and businesses in Australia, New Zealand, and around the world. 

For individuals, NAB offers transaction accounts, savings accounts and term deposit accounts. It also provides credit cards, personal loans, home loans, online banking tools, superannuation and retirement solutions, as well as various forms of insurance including car, caravan and trailer, home and content, landlord, travel, and life insurance.

For businesses, the bank has business bank accounts, business loans, credit cards, payment and merchant solutions, online business banking tools, international and foreign exchange services, business insurance, financial planning services, and solutions specific to small businesses.

NAB also provides corporate and institutional banking services to connect “borrowers and investors around the world to back big ideas from corporate innovators”.

The bank records and reports its revenue through five main business segments: 

• Business and Private Banking

• Personal Banking

• Corporate and Institutional Banking 

• New Zealand Banking

• Corporate Functions and Other

NAB aims to “serve customers well and help our communities prosper”. To do this, the bank employs over 32,000 people to serve more than eight million customers.

Is National Australia Bank profitable?

Yes, NAB is a profitable bank.

The bank’s net income for FY2018, FY2019, FY2020 and FY2021 arrived at A$5.5b, A$4.8b, A$2.5b and A$6.4b, respectively. For the half year that ended 31 March 2022, the bank reported a net profit after tax of A$3.5b.

Is NAB a good buy?

Some investors regard NAB as a long-term buy and hold investment as it is a reliable distributor of dividends. Other investors are enthusiastic as the bank recently reported an optimistic outlook due to a surge in business loans and rising cash earnings.

As always, there are investors who are more bearish, citing the possibility of worldwide financial market declines as one of many reasons not to enter the stock.

Does NAB stock pay dividends?

Yes, NAB’s dividend history is lengthy. The bank has not stopped paying them out since 1983.

In 2021, NAB stock paid a dividend of A$0.60 in May and another dividend of A$0.67 in November, for a total of A$1.27 per share for the year.

On 5 July 2022, the bank paid its next interim dividend of $0.73, up $0.13 from the last interim dividend of A$0.60.

NAB also offers shareholders a dividend reinvestment plan (DRP).

Who owns NAB stock?

The general public is by far the largest owner of NAB stock, holding 73.9% of the total float. Institutions come in second with 25.8%. The remaining 0.33% is held by individual insiders and private companies.

Institutions with the largest ownership include BlackRock (5.53%), The Vanguard Group (5.06%), State Street Global Advisors (4.99%), Colonial First State Investments Limited (1.14%), Norges Bank Investment Management (1.08%), Commonwealth Superannuation Corporation (0.68%) and Geode Capital Management (0.57%).

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