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Westpac Banking ( (AU:WBC) ) has shared an update.
Westpac reported a statutory net profit of $3.4 billion for the first half of 2026, down 5% on the prior half but up 3% on the prior corresponding period, with net profit excluding notable items at $3.5 billion and a CET1 capital ratio of 12.4%. The bank declared a fully franked interim dividend of 77 cents per share, signalling continued capital strength and shareholder returns.
Management highlighted solid operating momentum amid global unrest, with growth in Australian mortgages at 1.2 times system (excluding RAMS) and increased lending to both business and institutional customers. Costs have fallen from the prior half, provisions have been prudently increased despite lower customer stress, and Westpac is investing in regional Australia by opening new regional service centres and rolling out a Community Banking Service.
The most recent analyst rating on (AU:WBC) stock is a Sell with a A$34.06 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.
More about Westpac Banking
Westpac Banking Corporation is a major Australian bank headquartered in Sydney, providing retail, business, and institutional banking services. It focuses on lending, deposits, and regional banking, supporting households and businesses across Australia, with a particular emphasis on mortgage lending and regional growth initiatives.
YTD Price Performance: -0.39%
Average Trading Volume: 5,027,500
Technical Sentiment Signal: Buy
Current Market Cap: A$131.3B
Learn more about WBC stock on TipRanks’ Stock Analysis page.