Heartland Group’s Q1 trading solid, not without challenges

Heartland Group notes improving profitability and return on equity in Q1. (Image: Supplied)

Fri, 24 Oct 2025

Heartland Group Holdings reports that business conditions in New Zealand remain challenging, despite an overall solid performance in the first quarter of 2026, marked by improving profitability and return on equity.The overall net interest margin continued to expand, while cost growth remained stable in the three months to the end of September 2025, the group stated in its quarterly trading update.Asset quality for Heartland Bank’s motor finance portfolio has shown consistent improvement due to enhanced collections, recoveries, and write-...

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