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Westpac Banking ( (AU:WBC) ) has shared an announcement.
On 13 February 2026, Westpac reported an unaudited statutory net profit of A$1.9 billion for the first quarter of 2026, up 5% on the second-half 2025 quarterly average, with net profit excluding notable items also at A$1.9 billion, up 6%. The bank said the result reflected disciplined execution of its strategy, with net operating income rising 1%, pre-provision profit up 7%, and asset quality improving as impairment charges remained low at 6 basis points of average gross loans.
Westpac highlighted strong balance sheet metrics, including a Common Equity Tier 1 capital ratio of 12.3% as at 31 December 2025 and liquidity and funding ratios comfortably above regulatory minimums. Operationally, it reported solid growth in deposits and lending, a marginal one-basis-point decline in net interest margin to 1.94%, ongoing cost discipline, and progress on major transformation programs such as UNITE, BizEdge, and the cloud-based institutional platform Westpac One, alongside a planned sale of the A$19.6 billion RAMS mortgage portfolio to streamline mortgage operations and shift capacity toward higher-return lending.
The most recent analyst rating on (AU:WBC) stock is a Hold with a A$39.00 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 one of Australia’s largest banking and financial services groups, providing retail, business, and institutional banking, as well as wealth management. Headquartered in Sydney, it operates across consumer, business, and institutional segments, with a growing focus on digital channels and capital‑efficient lending to support customers in Australia and the broader Asia‑Pacific region.
Average Trading Volume: 3,802,696
Technical Sentiment Signal: Buy
Current Market Cap: A$137.6B
Find detailed analytics on WBC stock on TipRanks’ Stock Analysis page.