Westpac Banking Corporation Earnings Recaps
Q1 2026
Feb 13, 2026
Westpac reported a solid Q1 FY '26 performance, with net profit excluding notable items up 5% and strong deposit growth, highlighting continued operational momentum amidst a competitive lending environment.
Key takeaways
- Net interest income rose by 2%, while noninterest income declined by 4%, reflecting market headwinds.
- Customer deposits increased by $12 billion, with household deposits up 3% and business transactional deposits up 4%.
- Loan growth of $22 billion was driven by a diversification strategy across customer segments.
- Credit quality metrics improved, with a decrease in stressed exposures and low credit impairment charges at 6 basis points of average gross loans.
- CET1 capital ratio remained strong at 12.3%, despite a reduction due to dividend payments.
Q4 2025
Nov 5, 2025
Westpac's FY 2025 results reflect strategic growth initiatives amid rising costs, with a net profit of $7 billion and a maintained dividend, underscoring the bank's commitment to operational excellence and customer engagement.
Key takeaways
- Net profit decreased 2% to $7 billion, with statutory net profit down 1% to $6.9 billion.
- Cost-to-income ratio increased to 53%, necessitating further focus on the "Fit for Growth" program to manage expenses.
- Full-year dividend declared at $1.53 per share, equating to a payout ratio of 75% of profits after tax.
- Strong deposit growth with a 10% increase in consumer deposits and 11% in public sector deposits, indicating robust customer trust and engagement.
- Continued investment in digital innovations like Biz Edge and Westpac One aims to enhance service quality and operational efficiency.