Westpac Banking Corp

WBC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Westpac: Strong Credit Quality Boosts Earnings and More Capital Returns to Shareholders Likely

Nathan Zaia

Feb 17, 2025

Westpac's first-quarter 2025 underlying profit of AUD 1.9 billion is up 3% on the second-half fiscal 2024 quarterly average. Net interest margin slipped marginally to 1.94%, but loan growth ensured that revenue outpaced 1% expense growth.

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Westpac Banking Corp

Westpac: Strong Credit Quality Boosts Earnings and More Capital Returns to Shareholders Likely

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