Australian lender Westpac reported a slight increase in its full-year profit, with net profit of $6.8 billion. The result fell short of analyst expectations. Statutory net profit decreased by 1% compared with the previous year. The shortfall against analyst estimates was due to an increase in loan loss provisions.
The results cover 12 months to September 30, 2026, with the announcement ahead of the final dividend’s November ex-dividend and record dates.
Read the full storyAhead of the announcement, first-half results showed annual growth of 7% in deposits and loans, while statutory net profit fell 5% from the previous half.
The bank reported statutory profit 1% lower than a year earlier, while its final dividend was 77 cents a share and core capital exceeded its target.