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Westpac Banking
(Sydney:WBC)
Westpac Banking (WBC) vs. S&P 500 (SPY)
Westpac Banking Business Overview & Revenue Model
Westpac Banking Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 21.59B | 21.00B | 19.27B | 21.81B | 17.00B | Gross Profit |
| 21.05B | 21.00B | 19.27B | 21.81B | 17.00B | EBIT |
| 10.19B | 11.20B | 9.50B | 10.75B | 5.88B | EBITDA |
| 0.00 | 11.55B | 10.06B | -1.06B | -689.00M | Net Income Common Stockholders |
| 6.98B | 7.20B | 5.69B | 5.46B | 2.29B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 168.07B | 102.22B | 104.95B | 70.91B | 29.67B | Total Assets |
| 1.08T | 1.03T | 1.01T | 935.88B | 911.95B | Total Debt |
| 207.17B | 138.20B | 126.71B | 113.17B | 125.84B | Net Debt |
| 140.90B | 35.97B | 21.76B | 42.26B | 96.17B | Total Liabilities |
| 1.01T | 957.24B | 943.69B | 863.78B | 843.87B | Stockholders Equity |
| 71.70B | 72.50B | 70.45B | 72.03B | 68.02B |
| Cash Flow | Free Cash Flow | |||
| -20.78B | -35.73B | -18.27B | 16.44B | 29.50B | Operating Cash Flow |
| -19.77B | -35.49B | -18.10B | 16.67B | 29.74B | Investing Cash Flow |
| -80.24B | 1.71B | 2.81B | 5.62B | -19.48B | Financing Cash Flow |
| 45.08B | 30.35B | 48.29B | 18.64B | 107.00M |
Westpac Banking Technical Analysis
Westpac Banking Peers Comparison
Westpac Banking Earnings Call Summary
Westpac Banking Corporate Events
Westpac Banking Corporation has released the Westpac New Zealand Limited Disclosure Statement for the six months ending 31 March 2025. This disclosure provides insights into the financial performance and operational status of Westpac’s New Zealand operations, which could have implications for stakeholders and influence the company’s strategic positioning within the financial sector.
Westpac Banking Corporation has released its Pillar 3 Report for March 2025, which is a regulatory requirement under APS 330. This report provides insights into the bank’s risk management and capital adequacy, which are crucial for maintaining its financial stability and compliance with regulatory standards. The release of this report is significant as it reflects Westpac’s ongoing commitment to transparency and regulatory compliance, impacting its operations and potentially influencing stakeholder confidence.
Westpac’s 2025 interim results highlight a net profit after tax of $3.3 billion, a slight decrease from the previous year, and a stable earnings per share. The company maintains strong financial foundations with surplus capital and liquidity, crucial amidst global uncertainties. Westpac has seen significant growth in Australian business and institutional lending, particularly in targeted sectors, reflecting its strategic focus on balancing growth and returns.
Westpac Banking Corporation has released its interim financial results for the first half of 2025, along with a presentation and investor discussion pack. This release provides stakeholders with insights into the company’s financial performance and strategic direction for the six months ending March 31, 2025, potentially impacting its market positioning and stakeholder interests.
Westpac reported a net profit after tax of $3.3 billion for the first half of 2025, a slight decrease of 1% from the previous year. Despite global uncertainties, the bank maintains a strong balance sheet and is experiencing growth in targeted areas such as business and institutional lending, which increased by 14% and 15% respectively. The bank is also expanding its regional presence and enhancing customer service through technological advancements and cost management initiatives.
Westpac Banking Corporation announced a new dividend distribution of AUD 0.76 per share for its ordinary fully paid securities, relating to the six-month period ending March 31, 2025. The ex-date for the dividend is May 8, 2025, with a record date of May 9, 2025, and payment scheduled for June 27, 2025. This announcement reflects Westpac’s continued commitment to providing returns to its shareholders and may impact its market positioning positively by reinforcing investor confidence.
Westpac Banking Corporation has released its interim financial results for the six months ending March 31, 2025. This announcement provides insights into the company’s financial performance and strategic positioning within the banking industry. The results are crucial for stakeholders as they reflect Westpac’s operational efficiency and market competitiveness during this period.
Westpac’s net profit after tax for the first half of 2025 is expected to decrease by $140 million due to notable items related to hedging, which are expected to reverse over time. Additionally, changes in Pillar 3 reporting standards by APRA, effective from January 2025, will impact Westpac’s disclosure practices, with new formats and frequencies for reporting required.
Westpac has appointed Carolyn McCann as the Acting Chief Executive of its Consumer division, effective May 12, 2025, as the bank conducts an external search for a permanent replacement for the outgoing Chief Executive, Jason Yetton. McCann, who has significantly improved the bank’s operations in her current role, is expected to bring her customer-focused leadership to the Consumer division, enhancing decision times, reducing scam losses, and simplifying customer complaints processes. Carolyn Hoy will temporarily take over McCann’s current responsibilities as the Acting Group Executive, Customer & Corporate Services.
Westpac Banking Corporation has announced the cessation of 497,280 ordinary fully paid securities as part of an on-market buy-back, effective from April 2, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market positioning, and reflects its ongoing efforts to optimize shareholder returns.
Westpac Banking Corporation announced the cessation of certain securities, specifically share rights, due to unmet conditions or other reasons. This cessation may impact the company’s capital structure and could have implications for stakeholders, reflecting adjustments in the company’s operational or strategic focus.
Westpac Banking Corporation announced the issuance of 53,743 fully paid ordinary securities as of March 31, 2025. This move is part of the company’s ongoing efforts to manage its capital structure and enhance shareholder value, reflecting its strategic focus on strengthening its financial position in the competitive banking sector.
Westpac Banking Corporation announced the issuance of 451,479 share rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move reflects Westpac’s ongoing efforts to incentivize its employees, potentially impacting its operational dynamics and aligning employee interests with company performance.
Westpac Banking Corporation has announced a change in the address of its Sydney share registry office, effective from April 14, 2025. The registry, managed by MUFG Corporate Markets (AU) Limited, will relocate to Liberty Place, Level 41, 161 Castlereagh St, Sydney, NSW 2000, while maintaining the same telephone numbers and postal address. This move is part of Westpac’s ongoing efforts to streamline its operations and enhance service delivery to its stakeholders.
Westpac Banking Corporation announced the cessation of 22,222 share rights due to the lapse of conditional rights that were not satisfied. This announcement reflects a change in the company’s issued capital and may impact stakeholders’ perceptions of the company’s financial strategies and market positioning.
Westpac Banking Corporation announced the issuance of 21,625 unquoted share rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of Westpac’s strategy to incentivize employees and align their interests with the company’s long-term performance, potentially impacting employee engagement and retention positively.
Westpac Banking Corporation has announced the cessation of 1,092,776 ordinary fully paid securities due to an on-market buy-back, effective March 31, 2025. This move is part of Westpac’s capital management strategy, potentially impacting its share value and market positioning by reducing the number of shares in circulation, which could benefit existing shareholders through increased earnings per share.
Westpac has appointed Kate Dee as the new Chief People Officer, who will report directly to CEO Anthony Miller. Dee, currently serving as Chief People Officer at Bupa Asia Pacific, brings extensive experience in leading people and culture teams globally. Her appointment is expected to support Westpac’s mission to become the best workplace for its 35,000 employees by linking customer outcomes with organizational culture.
Westpac Banking Corporation has announced the appointment of David Cohen as a director, effective from April 1, 2025. This announcement, filed under the ASX listing rule 3.19A.1, includes details of Cohen’s initial interest in Westpac securities, specifically holding 1,253 fully paid ordinary shares. This appointment is a strategic move that could influence Westpac’s governance and operational strategies, potentially impacting stakeholders and the company’s market positioning.
Westpac Banking Corporation has announced an update on its ongoing on-market buy-back of ordinary fully paid securities. As of the latest update, the company has bought back a total of 85,874,831 securities, with 497,280 purchased on the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and enhance shareholder value.
Westpac Banking Corporation announced an update on its ongoing on-market buy-back program, detailing the acquisition of 30,253 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 85,347,298. This buy-back initiative is part of Westpac’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
Westpac Banking Corporation has released a market update, providing insights into its current operations and strategic positioning. The update is expected to impact the company’s stakeholders by outlining key developments and future directions, although specific details of these impacts are not disclosed in the release.
Westpac Banking Corporation has announced a new distribution for its Capital Notes 5, with a distribution amount of AUD 1.2910 per note, fully franked. The distribution rate for the period from March 23, 2025, to June 22, 2025, is set at 5.1218% per annum, reflecting the current 3-month BBSW rate plus a margin. This announcement is significant for investors as it outlines the financial returns expected from these securities, impacting stakeholders’ investment decisions and Westpac’s market position.
Westpac Banking Corporation has announced a new distribution for its Capital Notes 7, with a distribution rate of 5.2618% per annum for the period from March 23, 2025, to June 22, 2025. The cash amount of the distribution is AUD 1.3263 per note, fully franked, and will be paid on June 23, 2025. This announcement reflects Westpac’s ongoing commitment to providing returns to its investors and could impact its market positioning by reinforcing investor confidence.
Westpac Banking Corporation announced a new distribution for its Capital Notes 10, with a distribution rate of 5.0518% per annum for the period from March 23, 2025, to June 22, 2025. The cash amount of the distribution is AUD 1.2733 per note, fully franked, and will be paid on June 23, 2025. This announcement reflects Westpac’s ongoing commitment to providing returns to its investors and maintaining its financial stability in the market.
Westpac Banking Corporation announced a new dividend distribution for its Capital Notes 8, with a distribution rate of 4.9118% per annum for the period from March 22, 2025, to June 21, 2025. The cash amount of the distribution is AUD 1.2380 per note, fully franked, reflecting Westpac’s ongoing commitment to providing returns to its stakeholders and maintaining its competitive position in the financial market.
Westpac Banking Corporation has announced a new dividend distribution for its Capital Notes 9, with a distribution rate of 5.2618% per annum for the period from March 23, 2025, to June 22, 2025. The cash amount of the distribution per note is AUD 1.3263, fully franked, reflecting the company’s ongoing commitment to providing returns to its investors and maintaining its position in the financial market.
Westpac Banking Corporation announced an update on its ongoing on-market buy-back program, revealing that a total of 178,500 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 85,168,798 securities repurchased. This buy-back initiative is part of Westpac’s strategy to manage its capital efficiently, potentially enhancing shareholder value and optimizing its balance sheet. The buy-back reflects Westpac’s commitment to returning capital to shareholders while maintaining a strong capital position, which could positively impact its market positioning and stakeholder confidence.
Westpac Banking Corporation has announced an update on its ongoing share buy-back program, revealing that a total of 327,476 ordinary fully paid securities were bought back on the previous day, adding to the 84,841,322 securities already repurchased. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s market positioning and shareholder value.
Westpac Banking Corporation announced the cessation of 842,167 ordinary fully paid securities due to an on-market buy-back, effective March 11, 2025. This move is part of the company’s capital management strategy, potentially impacting its stock liquidity and shareholder value, while reflecting its commitment to optimizing capital structure.
Westpac Banking Corporation has announced an update regarding its ongoing on-market buy-back program. As of March 20, 2025, the company has bought back a total of 84,841,322 ordinary fully paid securities, including 300,774 securities purchased on the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital efficiently, potentially enhancing shareholder value and maintaining a robust financial position in the competitive banking sector.
Westpac Banking Corporation has announced an update on its ongoing share buy-back program, revealing that a total of 255,773 ordinary fully paid securities were repurchased on the previous day, adding to the cumulative total of 84,284,775 securities bought back. This buy-back initiative is part of Westpac’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning surplus capital to its investors.
Westpac Banking Corporation has agreed to settle a class action lawsuit concerning flex commissions paid to auto dealers between 2013 and 2018, with a settlement amount of $130 million. This settlement marks the conclusion of the last Royal Commission related litigation for Westpac, reflecting its ongoing efforts to resolve past issues and focus on its current operations, having ceased such commission payments and divested from dealer-introduced auto finance since 2018.
Westpac Banking Corporation has announced an update regarding the aggregated percentage of voting shares controlled by its entities, which stands at 0.35% of the total voting shares issued. This update, in compliance with the Australian Securities and Investments Commission’s exemption, reflects the company’s current shareholding structure and its ability to influence voting decisions through its managed entities.
Westpac Banking Corporation has announced the appointment of Debra Hazelton as a director, effective March 4, 2025. The announcement details Hazelton’s interests in various Westpac securities, including ordinary shares and capital notes. This appointment is part of Westpac’s ongoing efforts to strengthen its leadership team, which could impact its strategic direction and stakeholder relations.
Westpac Banking Corporation has announced an update on its ongoing buy-back program, revealing that a total of 388,912 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 83,895,863 securities repurchased before that day. This buy-back initiative is part of Westpac’s strategy to manage its capital structure efficiently, potentially enhancing shareholder value and reflecting confidence in the company’s financial health and market position.
Westpac Banking Corporation has announced an update regarding its ongoing share buy-back program. The latest notification reveals that a total of 362,600 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 83,473,037 securities repurchased to date. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and enhance shareholder value, reflecting the bank’s commitment to returning surplus capital to its shareholders.
Westpac Banking Corporation has announced an update regarding its ongoing on-market buy-back program. As of the latest announcement, the bank has repurchased a total of 83,473,037 ordinary fully paid securities, including 12,127 securities bought back on the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and enhance shareholder value.
Westpac Banking Corporation announced the cessation of 4,876,476 ordinary fully paid securities due to an on-market buy-back, effective February 27, 2025. This move is part of Westpac’s capital management strategy, potentially impacting its share value and signaling a focus on optimizing shareholder returns.
Westpac Banking Corporation has announced an update on its ongoing share buy-back program, detailing the purchase of 18,302 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 83,442,608. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and return value to shareholders, which could influence its market positioning and stakeholder confidence.
Westpac Banking Corporation has announced an update on its ongoing on-market buy-back program, reporting a total of 83,389,215 securities bought back before the previous day, with an additional 53,393 securities bought back on the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder interests.
Westpac Banking Corporation has announced an update on its ongoing on-market buy-back program, detailing the purchase of 57,514 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 83,331,701. This buy-back initiative is part of Westpac’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to efficient capital management and potentially impacting its market positioning by reducing the number of shares outstanding.
Westpac Banking Corporation has announced an update regarding its ongoing share buy-back program, with a recent acquisition of 568,202 ordinary fully paid securities, bringing the total bought back to 82,763,499. This strategic move is part of Westpac’s efforts to optimize its capital structure and potentially enhance shareholder value, reflecting its proactive approach to managing market conditions and investor interests.
Westpac has appointed Peter Herbert as its new Chief Transformation Officer, starting March 3, 2025. This strategic move is part of Westpac’s effort to enhance its business-led simplification program, UNITE, as it transitions from planning to implementation. With Herbert’s extensive experience in transformation projects, including his previous roles at HSBC and within Westpac, this appointment is expected to significantly drive change across the company’s operations. The decision reflects Westpac’s ongoing commitment to streamline operations and strengthen its market position.
Westpac Banking Corporation announced an update on its ongoing on-market buy-back program, highlighting that as of February 21, 2025, a total of 81,443,890 securities had been bought back, with an additional 1,319,609 securities purchased the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital efficiently and return value to shareholders, potentially impacting market supply and demand dynamics for its shares.
Westpac Banking Corporation has announced an update regarding its ongoing on-market buy-back program. In the latest update, the bank reported buying back a total of 1,187,235 ordinary fully paid securities on the previous day, bringing the total number of securities bought back before this day to 79,455,469. This buy-back program is a part of Westpac’s broader strategy to manage its capital structure and enhance shareholder value, reflecting the bank’s confident financial position and commitment to returning capital to shareholders.
Westpac Banking Corporation has announced an update on its ongoing share buy-back program, revealing that it repurchased 377,650 ordinary fully paid securities on the previous day, adding to a total of 79,077,819 securities bought back so far. This buy-back strategy is part of Westpac’s efforts to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning capital to its shareholders and potentially impacting its stock market performance.
Westpac Banking Corporation has released its Pillar 3 Report for December 2024, detailing its compliance with the APS 330 requirements. This report provides stakeholders with transparency into Westpac’s risk management practices and financial health, which is crucial for maintaining investor confidence and meeting regulatory standards.
Westpac Banking Corporation released its 1Q25 Investor Discussion Pack, detailing its financial performance, capital, credit quality, and funding for the quarter ending December 31, 2024. The announcement highlights Westpac’s ongoing financial strategies and performance metrics, which are crucial for assessing the company’s market position and potential impacts on its stakeholders.
Westpac’s first quarter update for 2025 highlights a solid financial performance with an unaudited net profit of $1.7 billion. Despite the impact of Notable Items related to hedge accounting, net profit excluding these items increased by 3% to $1.9 billion. The company also reported a positive operating momentum with significant growth in customer deposits and loans. Westpac is actively enhancing its customer service by expanding its workforce, introducing digital financial tools, launching new account options, and strengthening fraud protection. These efforts aim to improve customer experience and safety, positioning the company strongly in the market.
Westpac Banking Corporation announced the issuance of A$400 million Fixed Rate to Floating Rate Callable Subordinated Notes and A$850 million Floating Rate Callable Subordinated Notes, both due in February 2035. These financial instruments are expected to be classified as Tier 2 regulatory capital under the Basel III framework, indicating their significance in strengthening Westpac’s capital base. The terms allow for conversion into ordinary shares or a write-off if the bank is deemed non-viable by regulatory authorities, highlighting risk management strategies to protect stakeholders and maintain stability.
Westpac Banking Corporation has announced the appointment of Debra Hazelton and David Cohen as independent Non-executive Directors to its board, with their roles expected to commence on March 3, 2025, and April 1, 2025, respectively, pending regulatory approval. These appointments aim to leverage their extensive experience in banking and financial services to enhance Westpac’s strategic execution, with Debra contributing expertise in transformation and culture, and David bringing insights into risk and governance.
Westpac Banking Corporation announced the cessation of 581,313 ordinary fully paid securities due to an on-market buy-back, effective January 30, 2025. This move is likely part of Westpac’s ongoing capital management strategy, potentially affecting its stock value and shareholders by reducing the number of outstanding shares, which could enhance earnings per share.
Westpac Banking Corporation has announced an update on its on-market buy-back program, with a total of 79,003,732 ordinary shares bought back to date, including 74,087 shares acquired on the previous day. This buy-back initiative is part of Westpac’s strategy to manage capital efficiently, potentially enhancing shareholder value and reflecting confidence in the company’s financial position.