MyState Limited Company Insights and Competitors

MyState Limited is a leading provider of banking and financial services in Tasmania, Australia. Founded in 1975, it has a long history of serving the community.

With a strong presence in the local market, MyState Limited has managed to carve out a niche for itself. This is largely due to its commitment to providing personalized service to its customers.

MyState Limited's financial performance is a key aspect of its operations. According to the company's financial reports, it has consistently delivered strong revenue growth and profitability over the years.

MyState Limited is a Public Company that operates in the finance industry. It's headquartered in Hobart, Tasmania, Australia.

The company was formed in 2009 through the merger of Tasmanian Perpetual Trustees and MyState Financial. It has since expanded to serve not only Tasmania but also Queensland.

MyState Limited generates the majority of its income from the National and Regional Commercial Banks industry. In 2024, the company generated a total revenue of $506,816,000.

The company has a significant presence in the finance sector, with a total of 400 employees as of the latest available data. This includes employees from all subsidiaries under the company's control.

Here's a breakdown of the company's key information:

The company's services include deposit banking, insurance, private and commercial lending, and wealth management.

MyState Limited operates in the financial services industry, but a closer look at their performance reveals a more nuanced picture.

Their financial ratios and growth are comparable to their peers in the industry, providing a clearer understanding of their performance.

In comparison to their competitors, MyState Limited's financial health is on par, with similar debt-to-equity ratios and growth rates.

To understand the competitive environment, we need to compare MyState Limited's financial ratios and growth to its peers in the same industries. This will give us a clearer picture of how they're performing.

MyState Limited's financial ratios and growth can be compared to other banks and financial institutions in Australia. This comparison will highlight areas where MyState Limited excels and areas where it needs improvement.

By analyzing the financial data, we can see that MyState Limited's return on equity (ROE) is lower than its peers, indicating a lower profitability. This suggests that MyState Limited may need to focus on improving its financial management to stay competitive.

However, MyState Limited's growth in customer base and deposits is higher than some of its peers, indicating a strong market presence. This is a positive sign for the company's future prospects.

Ultimately, understanding the competitive environment is crucial for MyState Limited's long-term success, and by comparing its performance to its peers, we can identify areas for improvement and growth.

In the competitive landscape of the industry, several key players hold significant market share.

One of the main competitors is Company A, which has a strong presence in the market with a customer base of over 1 million.

Company B is another major competitor, offering a similar product with a slightly different feature set.

Company C has been a long-time player in the industry, with a loyal customer base and a reputation for quality products.

Company D has been gaining traction in recent years, with a focus on innovation and customer experience.

In the banking sector, there have been significant developments in recent times.

Auswide Bank has been involved in a proposed acquisition by a unit of MyState Limited, but the shareholder meeting for this acquisition has been postponed.

Mystate Limited has undergone a merger with Auswide Bank, which was implemented on February 18.

Robert Gordon, a non-executive director of MyState Limited, has announced his retirement, effective October 23, 2024.

Here's a brief timeline of the key events in the banking sector:

Mystate Limited is scheduled to hold an H1 2025 earnings call on February 19, 2025.

MyState Limited has shown a clear picture of its performance through its key financial ratios and data on financial growth.

The company has demonstrated steady financial growth, with a notable increase in its revenue.

This growth can be attributed to the company's ability to expand its services and reach a wider customer base.

According to the data, MyState Limited's financial growth has been consistent over the years, with a steady increase in its revenue and profitability.

This stability is a testament to the company's strong financial management and strategic planning.

As a result, MyState Limited has been able to maintain a healthy financial position, with a solid balance sheet and a strong cash flow.

MyState Limited has a well-established management and governance structure in place. The company's board of directors is responsible for overseeing the overall strategy and direction of the business.

The board consists of experienced professionals with a deep understanding of the company's operations and the industry as a whole. This expertise helps inform decision-making and drive growth.

MyState Limited is committed to maintaining the highest standards of corporate governance, ensuring transparency and accountability throughout the organization.

The management team at MyState Limited is made up of experienced professionals who have been with the company for several years. Brett Morgan has been the CEO since January 16, 2022.

Gary Dickson has been the Director of Finance/CFO since October 18, 2019, and has likely played a key role in the company's financial planning.

Paul Moss has been the Chief Operating Officer since May 12, 2015, and has probably been instrumental in overseeing the company's day-to-day operations.

Janelle Whittle has been the Human Resources Officer since January 21, 2018, and is responsible for managing the company's HR functions.

Scott A. Lukianenko has been the Investor Relations Contact since an unspecified date, and is likely the point of contact for investors looking to get in touch with the company.

Here's a brief overview of the management team:

The Board Members play a crucial role in the governance of MyState Limited. They are responsible for overseeing the company's direction and strategy.

Brett Morgan, the Chief Executive Officer, is also a Director/Board Member, having joined the board on January 16, 2022.

The Board Members include Sibylle Krieger, Warren Lee, and Andrea Waters, all of whom have been Directors/Board Members since 2017. Sibylle Krieger joined the board on November 30, 2016, however.

Vaughn Richtor, the Chairman, has been in his position since March 31, 2022, at the age of 68.

Here are the Board Members listed, along with their titles and the dates they joined the board:

MyState Limited is a company that can be found on the stock market, with its equities listed under the ticker symbol MYS Stock.

Its presence on the stock market allows investors to buy and sell shares of the company.

MyState Limited is the actual company name associated with the MYS Stock ticker symbol.

MyState Limited is a public company listed on the Australian Securities Exchange (ASX) under the ticker symbol MYS.

The company is headquartered in Hobart, Tasmania, and serves Tasmania and Queensland. MyState Limited is a financial group that offers a range of services including deposit banking, insurance, private and commercial lending, and wealth management.

MyState Limited has a significant presence in the finance industry, with total assets of $6.542.5 billion and total equity of $265 million. The company has a strong management team, led by Chairman Miles Hampton and Managing Director Brett Morgan.

Here's a breakdown of MyState Limited's key statistics:

As of 2024, MyState Limited had a total revenue of $506,816,000 and employed 381 people, including employees from all subsidiaries under the company's control.

When you're looking into a company's details, it's helpful to know the basics. MyState Limited is a company listed on the stock market.

One of the ways to identify MyState Limited is by its stock symbol, MYS. This is a unique code assigned to the company for trading purposes.

MyState Limited is involved in the equities market, which means it deals with stocks and shares. This is a key aspect of its business operations.

Here are some key details about MyState Limited's stock:

MyState Limited has had its stock recommendation upgraded by Ord Minnet to "Buy" from "Accumulate" with a price target of AU$4.31, as of August 24, 2021.

This upgrade is a positive sign for investors, indicating that Ord Minnet believes the company's stock has potential for growth.

However, just a few years later, on July 24, 2019, Ord Minnet downgraded MyState Limited's stock recommendation to "Accumulate" from "Buy" with a price target of AU$4.20.

It's worth noting that this downgrade occurred before the upgrade, so it's possible that the company's stock performance was not consistent over time.

Here is a summary of the stock recommendation changes:

MyState Limited has been making headlines with its merger with Auswide Bank. The merger became legally effective on February 9, 2024, with MyState shares hitting a 2.5-year high.

Auswide Bank's shareholders approved the acquisition by MyState Bank on February 2, 2024, following a shareholder meeting. This was after the court postponed the meeting on November 28, 2023.

MyState Limited reported its half-year earnings for 2024, with revenue from operations reaching A$77.0 million on February 18, 2024. The company also announced its earnings results for the half-year ended December 31, 2024, on the same day.

Fitch has provided updates on MyState Limited's ratings, affirming the company at 'BBB+' with a stable outlook on November 1, 2023. This is not the first time Fitch has affirmed MyState's ratings, as they also did so on December 2, 2022.

Here are the key dates related to the merger and earnings reports: