My State Limited

What My State Limited does

MyState Limited is an Australian banking and financial services group headquartered in Hobart, Tasmania, that provides retail banking, business banking, wealth management, estate planning, agribusiness finance, and insurance services to consumers and small-to-medium enterprises. Following the transformational merger with Auswide completed in 2025, the group operates under a single APRA banking license (restored in December 2025) and now has an expanded mainland Australian footprint beyond its Tasmanian stronghold.

The group's core revenue engine is its lending and deposit franchise, augmented by SelfCo, a higher-margin equipment finance business unit that management has explicitly identified as a key growth driver. The merger delivered AUD 10.4 million of annualized run-rate synergies and contributed to underlying NPAT growth of 18.4% in H1 FY2026 to AUD 28.2 million. The company has guided FY2026 EPS of AUD 0.24 rising to AUD 0.30 in FY2027, with the interim dividend increased to AUD 0.12 per share fully franked from AUD 0.105.

The business makes money primarily through net interest margin on its loan book, supplemented by fee and commission income from wealth, insurance and equipment finance activities. Customer acquisition is driven by a regional branch network and direct relationship banking, with a particular focus on agribusiness — a segment where Tasmania and regional Queensland have meaningful exposure. The company is publicly traded (dividend-paying, EPS-guided), employs 251–500 staff, and was founded in 2009.

Name

My State Limited

Legal name

MyState Limited

Website

https://mystatelimited.com.au

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MyState Limited is an Australian regional bank headquartered in Hobart providing retail banking, business banking, wealth, agribusiness, equipment finance (SelfCo), and insurance services across Tasmania and the mainland post-Auswide merger.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Investment Advice (6282)

akta.pro industry

PRIMARYFSABADAD

Private Banking Advisory & Discretionary Portfolio Management

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Private Banking

SECONDARYFSAKAGAG

Agricultural & Rural Microfinance

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

Keywords

• Retail banking services
• Business banking
• Equipment finance
• Wealth management
• Agribusiness lending

Headquarters

HQ city

Hobart

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Core offering

MyState Limited is an Australian banking and financial services group that provides retail banking, business banking, agribusiness lending, equipment finance (SelfCo), estate planning, wealth management, and insurance products to consumers, businesses, and rural customers. Following its merger with Auswide, the group operates under a single Australian banking license, offering integrated deposit, transaction, lending, equipment finance, advisory, and insurance solutions across its Australian footprint.

Product overview

MyState Limited is a banking and financial services company that operates as a unified platform offering equipment finance and banking services. The company's core products include SelfCo, its higher-margin equipment finance business, which has been highlighted as a key driver of continued growth momentum. Following the completion of its transformational merger with Auswide, the group returned to a single banking license in December 2025, consolidating its operations under one unified banking platform.

Differentiator

Problem solved

Functional benefit

Brands

• SelfCo: Company's equipment finance business segment, described as having higher-margin operations and continued growth momentum.

Products and services

• SelfCo Equipment Finance Higher-margin equipment finance business unit that provides equipment financing solutions to customers seeking capital for equipment acquisition; positioned as a key growth driver within MyState Limited's financial services portfolio.
• Retail Banking Services Banking products and services for individual Australian consumers, including deposits, transaction accounts, personal lending, and related retail banking offerings delivered under MyState Limited's single banking license following the Auswide merger.
• Business Banking Services Banking products and services for business customers, including business transaction accounts, lending, and treasury services delivered through MyState Limited's single Australian banking license.
• Wealth Management and Estate Planning Wealth advisory and estate planning services offered to customers alongside MyState Limited's banking products, providing financial advice, investment, and succession planning solutions.
• Agribusiness Banking Specialised banking services for Australian agribusiness customers, providing agricultural lending, deposits, and transaction banking solutions to rural and farming businesses.
• Insurance Services Insurance products distributed to MyState Limited's banking and financial services customers, offered alongside the group's deposit, lending, wealth, and agribusiness offerings.

Quantifiable outcome

• Underlying NPAT growth of 18.4%
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• AMP Limited: Australia's largest retail wealth manager offering banking, superannuation, and financial advice. Comparable to MyState's wealth management and retail financial services segments, providing an incumbent benchmark for the platform.
• Macquarie Group: Major Australian financial services group with banking, wealth management, and asset finance operations. Comparable across MyState's wealth management and equipment finance adjacencies, though at vastly larger scale.
• Suncorp Group: Large Australian banking and insurance group with regional retail banking and general insurance operations. Comparable on the diversified banking-plus-insurance platform MyState also operates, though at significantly larger scale.

Direct peers

• Bendigo and Adelaide Bank: Australia's largest regional bank, similarly focused on business banking, retail banking, and agribusiness lending. Closest scale and business-model comparable to MyState's combined banking, equipment finance, and agribusiness platform.
• Heritage Bank: Australian mutual/customer-owned bank offering retail banking, lending, and wealth products to a regional customer base. Comparable to MyState's mutual heritage and community banking focus.
• Bank of Queensland: Australian regional bank competing in similar retail and SME banking segments with owner-manager branch model. Comparable in scale, customer focus, and geographic footprint diversification strategy to MyState.
• Insignia Financial (formerly IOOF): Australian wealth and advice platform offering investment, superannuation, and estate planning services. Directly comparable to MyState's wealth management and estate planning business line.
• People's Choice Credit Union: Australian customer-owned banking institution providing retail and business banking, lending, and wealth services. Directly comparable mutual/community banking model serving similar regional and consumer segments.

Emerging players

• Tyro Payments: Australian banking and fintech group providing business banking, lending, and merchant services to SMEs. Comparable business customer focus and product overlap with MyState's commercial and equipment finance offerings.
• Judo Bank: Australian challenger bank focused on SME and equipment finance lending. Closely comparable to MyState's higher-margin SelfCo equipment finance business, and a relevant emerging competitor in MyState's specialty lending niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about My State Limited