InvestSMART

Westpac Banking Corporation (ASX:WBC)

ALERT: Price-sensitive ASX Announcement for WBC
Current share price for WBC : $33.900 -4.6 (-11.95%)+
Announcement
Release
5 May 2026 7:30AM
Price at Release
$38.500
Full Release
download
Summary
Westpac Banking Corporation released its 2026 interim financial results, detailing significant financial metrics for the first half of the fiscal year. The report highlighted a net profit of $3,483 million, with net interest income at $9,763 million and non-interest income at $1,521 million. Operating expenses totaled $5,830 million, leading to a pre-provision profit of $5,454 million before accounting for impairment charges. The impairment charges amounted to $443 million, resulting in a profit before income tax of $5,011 million. The report also discussed changes to the segment compositions to enhance operational alignment and the transfer of the RAMS portfolio from Consumer to Group Businesses. Key metrics such as return on equity (ROE) and net interest margin (NIM) were reported at 9.77% and 1.78%, respectively, excluding notable items. The credit quality showed improvement with a decline in stressed exposures as a percentage of total committed exposures, reflecting strong credit management amidst a dynamic economic environment.
Key Points
  • Net profit of $3,483 million in the first half of 2026.
  • Net interest income was $9,763 million.
  • Non-interest income totaled $1,521 million.
  • Operating expenses amounted to $5,830 million.
  • Pre-provision profit before impairment charges was $5,454 million.
  • Impairment charges were $443 million.
  • Profit before income tax was $5,011 million.
  • Operational realignment with the RAMS portfolio transfer.
  • ROE at 9.77% and NIM at 1.78%, excluding notable items.
  • Improvement in credit quality and reduction in stressed exposures.
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.