Since restructure to a non-operation holding company (NOHC) in 2011 the Suncorp group has gone from strength to strength. However, situation today is similar to the pre-GFC era where it is difficult for a regional bank to be competitive against the majors in mortgage lending. Over the past few years they have been successful in improving their net interest margins but going forward it will be much more difficult to consistently improve margins without taking more underwriting risk. This will be challenging given the uneven regulatory framework, however the gap is closing. From a credit perspective the group has diversified income streams, it remains well capitalised and has a strong reinsurance program.   Our reports for Suncorp Group: Suncorp Convertible Preference Shares II. Click here. Suncorp Convertible Preference Shares III. Click here. Suncorp Subordinated Notes. Click here.   Our reports for Suncorp-Metway: Suncorp Floating Rate Capital Notes maintained as a Hold. Click here. Suncorp FRN 1.10% 2019. Click here.  Suncorp 4.00% 2017. Click here. Suncorp 4.75% 2016. Click here.