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Westpac Banking Corporation (ASX:WBC)

ALERT: Price-sensitive ASX Announcement for WBC
Current share price for WBC : $33.830 -7.17 (-17.49%)+
Announcement
Release
13 Feb 2026 7:30AM
Price at Release
$41.000
Full Release
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Summary
The Westpac 1Q26 Investor Discussion Pack highlights the financial performance, capital ratios, credit quality, and liquidity measures of Westpac Banking Corporation for the first quarter ending 31 December 2025. Key financial metrics indicate a slight increase in net operating income and net profit excluding notable items, with a specific focus on the core net interest margin (NIM) of 1.79% and a leverage ratio of 5.0%. The document reports on capital management activities, including a share buyback and the sale of RAMS, impacting the CET1 capital ratio, which stood at 12.3% at the end of the period. Credit quality remains stable with provisions for expected credit losses maintained at consistent levels. The bank's liquidity position is supported by a strong liquidity coverage ratio, though a decrease in the deposit-to-loan ratio reflects faster loan growth. Economic assumptions for 2025-2026 include GDP growth projections, unemployment rates, and property price forecasts, which influence credit provisions and risk assessments.
Key Points
  • Net operating income increased by 1%
  • Net profit excluding notable items is $1.9 billion
  • Core NIM at 1.79%
  • Leverage ratio at 5.0%
  • CET1 capital ratio at 12.3%
  • Share buyback and RAMS sale affected capital ratios
  • Stable credit quality with consistent provisions for expected credit losses
  • Liquidity coverage ratio remains strong
  • Loan growth outpaced deposit growth
  • Economic forecasts include 2.2% GDP growth for 2025
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.