Finance sponsored by
First Mortgage Trust
Heartland's Andrew Dixson expects the proposed TSB Bank acquisition to create a stronger New Zealand bank with greater scale. Photo / Supplied
Heartland Group Holdings expects to produce a full-year 2027 net profit after tax of at least $102 million, excluding transaction costs linked to its $620m proposed acquisition of TSB Bank.
In forecasting this, Heartland cited strong reverse mortgage growth, stable operating expenses and improved asset quality. Its reported after-tax profit
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