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Westpac Banking Corporation (AU:WBC)
ASX:WBC
Holding AU:WBC?
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Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.99Last Year’s EPS
0.92Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2019
|% Change Since: 69.32%
|Next Earnings Date:Nov 04, 2018
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with strong growth in business loans and deposits, ongoing digital innovation, and a robust capital position. However, these positives are tempered by a decline in statutory net profit, increased expenses, and margin pressures in the consumer segment. The competitive landscape remains challenging, particularly in the mortgage market.Company Guidance
During the 2024 results call, Westpac provided detailed guidance on several financial metrics. The bank's statutory net profit was reported at $7 billion, marking a 3% decline, while its return on tangible equity stood at 11%. Excluding notable items, the net profit was marginally higher at $7.1 billion, with revenue increasing by 1% due to robust loan growth across key segments. The bank's net interest margin, excluding notable items, saw a slight decline of just 1 basis point. Business loans and consumer deposits experienced an 8% growth, and mortgages rose by 5%, highlighting strong performance in these areas. In terms of cost management, expenses were up by 7%, influenced by rising technology expenses and software amortization. Impairment charges were notably low at 7 basis points of loans, thanks to prudent lending practices. The bank's capital position was reinforced with a CET1 ratio of 12.5%, and a further $1 billion was allocated to the share buyback program, reflecting a strong balance sheet and a focus on returning capital to shareholders.Loan and Deposit Growth
Business loans and consumer deposits grew 8%, while mortgages were up 5%.
Share Buyback Program Expansion
The strength of the group's balance sheet supported a further $1 billion increase in the share buyback program.
Improved Operational Efficiency
Mortgage approval times were cut to less than 5 days, and service levels were more consistent throughout the year.
Digital Innovation and Customer Engagement
The Westpac app was rated the #1 mobile banking app by Forrester, and new app prompts helped 190,000 customers earn an average extra $324 in annual interest.
Institutional Segment Growth
Institutional lending grew by 9% with strong returns, and customer advocacy increased by 5 points to 64.
Capital Position
CET1 ratio at 12.5%, placing Westpac in the top quartile of banks globally.
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AU:WBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU:WBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2022 | AU$19.95 | AU$20.35 | +2.03% |
| May 09, 2022 | AU$20.64 | AU$20.68 | +0.20% |
| Feb 02, 2022 | AU$17.28 | AU$17.67 | +2.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Westpac Banking Corporation (AU:WBC) report earnings?
Westpac Banking Corporation (AU:WBC) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Westpac Banking Corporation (AU:WBC) earnings time?
Westpac Banking Corporation (AU:WBC) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Westpac Banking Corporation stock?
The P/E ratio of Westpac Banking is N/A.
What is AU:WBC EPS forecast?
AU:WBC EPS forecast for the fiscal quarter 2025 (Q2) is 0.99.
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