Westpac Banking Corporation (ASX:WBC)

The Westpac Group's 2026 Interim Results Presentation and Investor Discussion Pack details the financial performance and strategic initiatives of the bank for the first half of the year. The net profit for 1H26 was $3,414 million, a 5% decrease from the previous half. Despite this, excluding notable items, the decline was just 1%. Revenue saw a 2% dip to $11.3 billion while expenses reduced by 6% to $5.8 billion, helped by restructuring charges. Deposit and loan growth were noted, particularly in the New Zealand market, and the net interest margin slightly decreased. The bank is focusing on credit quality with stressed exposures reducing to 4.58% of total committed exposure. The capital adequacy ratios showed a slight decrease but remain strong, positioning Westpac well against regulatory benchmarks. Key focus areas include enhancing digital engagement and sustainability efforts, including proactive support for customers' sustainability goals and increased inclusion and diversity initiatives.