Key facts
- Westpac reported net profit excluding notable items of A$7 billion for FY26, broadly in line with the previous year, CEO Anthony Miller said.
- Westpac said it aimed to facilitate A$100 billion in housing-related lending by 2030.
- Westpac said total deposits were A$766.2 billion and gross loans A$901.3 billion, including A$532 billion in Australian mortgages.
- Westpac declared a final dividend of 77 cents per share, fully franked, for a full-year total of 154 cents.
Westpac reported a marginal rise in full-year net profit excluding notable items to A$6.99 billion, helped by deposit and lending growth despite slower mortgage demand on the report dated November 1, 2026.
The bank said net profit for FY26 was broadly in line with the previous year, with deposits increasing 6% and lending growing 5%. Business lending rose 12% and institutional lending rose 18%. Total deposits were A$766.2 billion, and gross loans were A$901.3 billion, including A$532 billion in Australian mortgages.
The bank announced a target to facilitate A$100 billion in housing-related lending by 2030. CEO Anthony Miller said the current economic environment was "presenting challenges for many households and businesses, although impacts are uneven across the economy."
Westpac reported a CET1 capital ratio of 12.5%. Expenses fell 1% and pre-provision profit rose 4%. The Board declared a final dividend of 77 cents per share, fully franked, bringing the total for the year to 154 cents per share.
The bank said around 60,000 BT customers were migrated from Asgard to the Panorama platform. It also reported that 95% of employees were using AI tools.