Commonwealth Bank stock: Profit rises as mortgage arrears reach 0.80%

Commonwealth Bank of Australia reported an 8 percent rise in first-quarter cash profit for the three months ended September 30, while weaker mortgage demand and higher arrears highlighted growing pressure on household borrowers. Reuters reported the update on Wednesday, November 11.

Commonwealth Bank stock traded at 104.99 euros on Lang & Schwarz at 15:09 CET on Thursday, November 12, 2026.

Profit Growth Meets Credit Pressure

The bank's cash net profit after tax reached 2.8 billion Australian dollars, compared with 2.6 billion Australian dollars a year earlier. Reuters attributed the increase to higher lending and deposit volumes.

Credit trends were less supportive. Home-loan applications fell 16 percent year on year as high interest rates and new tax reforms reduced demand. Loans more than 90 days overdue rose by seven basis points to 0.80 percent, according to the quarterly update.

The latest quote was 1.93 percent above the 103.00 euros recorded in our market report at 09:19 CET on Friday, November 6. This comparison reflects the move since that report and is separate from a same-day Xetra comparison.

What Investors Watch Next

For investors, stronger business and deposit volumes are offset by a more difficult mortgage backdrop. Higher rates can support lending income, but weaker applications and rising arrears may weigh on future credit growth and asset quality.

Reuters reported the quarterly figures in Commonwealth Bank's first-quarter update.

Australian bank shares remain sensitive to interest rates, housing demand and credit conditions across the S&P/ASX 200.

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