Westpac stock: FY26 profit slips as bank lifts dividend

Westpac Banking Corporation reported its FY26 result on November 2, with statutory net profit falling 1% to AUD 6.8 billion. The bank said net profit excluding Notable Items was broadly unchanged at AUD 7.0 billion, according to its FY26 result announcement.

Growth offsets pressure on earnings

Westpac said customer deposits increased 6% and lending rose 5% during the financial year. Business lending advanced 12%, while institutional lending gained 18%, highlighting the contribution from commercial customers.

The bank also reported a 12.5% CET1 capital ratio, above its 11.25% target. Revenue growth was strongest in Business and Institutional, while Consumer revenue increased 2%. Management said it was continuing to invest in people, technology and the implementation phase of its UNITE transformation program.

Dividend supports shareholder returns

The board declared a fully franked final dividend of 77 Australian cents per share, payable on December 21, 2026, to shareholders on the register at November 6. The full-year dividend therefore totals 154 Australian cents per share.

Westpac stock traded at 22.91 euros on Lang & Schwarz at 3:12 p.m. CET on Tuesday, November 10, 2026.

Rates remain a key outlook risk

Westpac said inflation remained above the Reserve Bank of Australia's target range and interest rates were likely to stay elevated into 2027. That outlook leaves funding conditions, credit quality and household affordability as important issues for bank investors.

The Australian market backdrop remains relevant for bank shares, with further context in the S&P/ASX 200 market reports.

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