Craytheon

Westpac Banking Corporation · Financials

ASX: WBC · Financials · Diversified Banks

A$37.14
At close 24 Jul 2026

Income Statement, FY16–FY25

Revenue, costs and profitability, exactly as reported in each year's audited accounts. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Interest Income
Total Interest Income 31.8B 31.2B 32.6B 33.2B 27.0B 22.3B 23.3B 43.8B 54.3B 55.0B
Total Interest Expense (16.7B) (15.7B) (16.1B) (16.3B) (10.4B) (5.4B) (6.1B) (25.4B) (35.6B) (35.7B)
Net Interest Income 15.1B 15.5B 16.5B 16.9B 16.7B 16.9B 17.2B 18.3B 18.8B 19.4B
Credit Provisions
Provision for Loan Losses (1.1B) (853M) (710M) (794M) (3.2B) – (335M) (648M) (537M) (424M)
Net Interest Income After Provisions 14.0B 14.7B 15.8B 16.1B 13.5B – 16.8B 17.7B 18.2B 19.0B
Non-Interest Income/Expense
Total Non-Interest Income 5.8B 6.3B 5.6B 3.7B 3.5B 4.4B 2.4B 3.3B 2.8B 3.0B
Total Non-Interest Expense (9.2B) (9.4B) (9.7B) (10.1B) (12.7B) (13.3B) (10.8B) (10.7B) (10.9B) (11.9B)
Income
Income Before Taxes 10.6B 11.5B 11.7B 9.7B 4.3B 8.5B 8.5B 10.3B 10.1B 10.0B
Income Tax (3.2B) (3.5B) (3.6B) (3.0B) (2.0B) (3.0B) (2.8B) (3.1B) (3.1B) (3.1B)
Net Income 7.4B 8.0B 8.1B 6.8B 2.3B 5.5B 5.7B 7.2B 7.0B 6.9B
Per Share Data
Basic EPS 2.246 2.38 2.375 1.965 0.637 1.494 1.599 2.053 2.009 2.019
Diluted EPS 2.178 2.293 2.301 1.895 0.637 1.378 1.524 1.952 1.917 1.994
Shares Outstanding (in millions)
Basic Shares 3.3B 3.4B 3.4B 3.5B 3.6B 3.7B 3.6B 3.5B 3.5B 3.4B
Diluted Shares 3.5B 3.6B 3.6B 3.7B 3.6B 4.1B 3.9B 3.9B 3.9B 3.7B

Balance Sheet, FY16–FY25

Assets, liabilities and shareholders' equity at each financial year end. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Cash & Liquid Assets
Cash & Liquid Assets 17.0B 18.4B 26.4B 20.1B 30.1B 71.4B 105.3B 102.5B 65.7B 50.4B
Receivables from Financial Institutions 10.0B 7.1B 5.8B – 5.5B – – – – –
Central Bank Deposits 1.4B 1.0B 1.4B – – – – – – –
Trading & Investment Securities
Trading Assets 21.2B 25.3B 22.1B 31.8B 40.7B 21.1B – 30.5B – –
Derivative Assets 32.2B 24.0B 24.1B 29.9B 23.4B 19.4B 41.3B 21.3B 24.1B 18.5B
Investment Securities (Amortised Cost) – – – – 91.5B 83.4B 76.5B – 103.9B –
Investment Securities (FVOCI) 60.7B 60.7B 61.1B 73.4B – – – 75.3B – 117.5B
Loans & Advances
Loans & Other Receivables 661.9B 684.9B 709.7B 714.8B 693.1B 709.8B 739.6B 773.3B 806.8B 851.9B
Allowance for Loan Losses – – – – – – – – – –
Other Assets
Premises & Equipment 1.7B 1.5B 1.3B 1.2B 3.9B 2.9B 2.4B 2.2B 2.3B 2.3B
Goodwill – 11.7B – – – – – – – –
Intangible Assets 11.5B – 11.8B 12.0B 11.5B 10.1B 10.3B 10.9B 10.7B 10.5B
Deferred Tax Assets 1.6B 1.1B 1.2B 2.0B 3.1B 2.4B 1.8B 2.1B 2.2B 2.1B
Other Assets 5.1B 5.4B 5.1B 807M 808M 567M 734M 837M 1.0B 1.1B
Total Assets 839.2B 851.9B 879.6B 906.6B 911.9B 935.9B 1,014.2B 1,029.8B 1,077.5B 1,125.4B
Deposits
Deposits & Public Borrowings 513.1B 533.6B 559.3B 563.2B 591.1B 627.0B 659.1B 688.2B 720.5B 770.5B
Due to Financial Institutions
Payables to Financial Institutions 18.2B 21.9B 18.1B – 40.9B – – – – –
Derivative Liabilities 36.1B 25.4B 24.4B 29.1B 23.1B 18.1B 39.6B 24.6B 31.0B 20.6B
Liabilities Held for Sale – – – – – 837M 32M – – –
Borrowings & Debt
Short-term Borrowings – – – – – – – – – –
Long-term Borrowings – – – – – – – – – –
Debt Issues 169.9B 168.4B 172.6B 181.5B 150.3B 128.8B 144.9B 156.6B 169.3B 171.4B
Loan Capital (Tier 2) 15.8B 17.7B 17.3B 21.8B 23.9B 29.1B 31.3B 33.2B 37.9B 40.0B
Other Liabilities
Provisions 1.4B 1.6B 1.9B 3.2B 5.3B 3.6B 3.0B 2.8B 2.5B 2.6B
Current Tax Liabilities 385M 308M 296M 163M 70M 71M 219M 780M 569M 137M
Other Liabilities 9.0B 8.6B 9.2B 2.2B 5.4B 3.7B 2.9B 2.7B 40.7B 43.9B
Total Liabilities 781.0B 790.5B 815.0B 841.1B 843.9B 863.8B 943.7B 957.2B 1,005.5B 1,052.3B
Net Assets 58.2B 61.3B 64.6B 65.5B 68.1B 72.1B 70.5B 72.5B 72.1B 73.1B
Shareholders' Equity
Common Stock 33.5B 34.9B 36.1B 37.5B 40.5B 41.6B 39.7B 39.8B 38.0B 37.3B
Additional Paid-in Capital – – – – – – – – – –
Reserves 727M 794M 1.1B 1.3B 1.5B 2.2B 2.4B 1.9B 1.7B 1.9B
Retained Earnings 24.4B 26.1B 27.9B 27.2B 26.5B 28.8B 29.1B 31.4B 32.8B 34.5B
Other Comprehensive Income – – – – – – – – – –
Non-controlling Interest 61M 54M 52M 53M 51M 57M 57M 44M 347M 327M
Total Shareholders' Equity 58.2B 61.3B 64.6B 65.5B 68.1B 72.1B 70.5B 72.5B 72.1B 73.1B
Total Liabilities & Equity 839.2B 851.9B 879.6B 906.6B 911.9B 935.9B 1,014.2B 1,029.8B 1,077.5B 1,125.4B

Cash Flow, FY16–FY25

Cash generated and spent across operating, investing and financing activities. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Operating Activities
Interest Received 31.8B 31.1B 32.6B 33.1B 27.2B 22.4B 22.4B 42.0B 52.5B 53.9B
Provision for Loan Losses – – – – – – – – – –
Net Cash from Operating Activities 5.5B 2.8B – 7.1B 58.7B 50.4B 17.0B (10.8B) (19.8B) 9.5B
Investing Activities
Purchase of Securities (24.7B) (27.0B) (24.4B) (29.5B) (51.3B) (28.8B) (34.1B) (33.8B) (72.8B) (75.8B)
Purchase of PPE (521M) (264M) (310M) (280M) (240M) (234M) (166M) (238M) (235M) (371M)
Net Cash from Investing Activities (7.2B) (1.7B) (1.6B) (10.8B) (19.5B) 5.6B 2.8B 1.7B (26.2B) (12.2B)
Financing Activities
Debt Repayments (2.2B) (2.2B) (2.4B) (65.0B) (66.0B) (67.3B) (55.9B) (64.2B) (67.1B) (76.0B)
Dividends Paid (5.4B) (4.8B) (5.8B) (5.0B) (2.5B) (2.8B) (4.3B) (4.5B) (5.7B) (5.2B)
Share Repurchases (121M) (112M) (106M) (102M) (75M) – (3.5B) – (1.8B) (672M)
Stock Issuance 3.5B 11M 76M – 2.8B 719M – – – –
Net Cash from Financing Activities 4.6B 552M (11.1B) (3.6B) (28.8B) (15.1B) 13.2B 5.7B 9.8B (12.6B)
Cash Position
Net Change in Cash 2.8B 1.7B 7.1B (7.3B) 10.4B 40.9B 33.0B (3.4B) (36.1B) (15.3B)
Effect of Forex Changes (580M) (292M) 944M 569M (301M) 298M 897M 694M (753M) 82M
Cash at Beginning of Period 14.8B 17.0B 18.4B 26.8B 20.1B 30.1B 71.4B 105.3B 102.5B 65.7B
Cash at End of Period 17.0B 18.4B 26.4B 20.1B 30.1B 71.4B 105.3B 102.5B 65.7B 50.4B

Analysis

What do Westpac's (WBC) net interest income, margin and earnings per share trends show?

Westpac's net interest income grew steadily across the years in its reported results, from $15.1B in FY2016 to $19.4B in FY2025, with only a brief dip to $16.7B in FY2020. Non-interest income moved in the opposite direction, falling from $5.8B in FY2016, and a high of $6.3B in FY2017, to $3.0B in FY2025, after touching a low of $2.4B in FY2022.

Net interest margin narrowed over the period, from 2.1% in FY2016 to 1.81% in FY2025, having peaked at 2.13% in FY2018. Provisions for loan losses were a recurring charge in most years, ranging between $335M and $1.1B, but spiked sharply to $3.2B in FY2020 before easing to $424M by FY2025; FY2021 was the only year in which no net provision charge was reported.

Diluted earnings per share tracked these swings, climbing from $2.18 in FY2016 to a high of $2.30 in FY2018, then falling to $0.64 in FY2020 as provisions spiked. EPS recovered unevenly in the years that followed, reaching $1.95 in FY2023 and $1.99 in FY2025, a level still below the FY2016 to FY2018 range despite net interest income being higher in FY2025 than at any other point in the reported record.

Updated 6 Jul 2026

Is Westpac's (WBC) balance sheet resilient based on its assets, deposits and equity?

Total assets grew from $839.2B in FY2016 to $1,125.4B in FY2025, funded increasingly by customer deposits, which rose from $513.1B to $770.5B over the same period. Loans and other receivables increased from $661.9B to $851.9B, growing more slowly than deposits, which narrowed the loan book's reliance on other funding sources: the ratio of loans to deposits fell from roughly 129% in FY2016 to about 111% in FY2025.

Shareholder equity rose from $58.2B to $73.1B across the period, and retained earnings climbed from $24.4B to $34.5B, though they dipped in both FY2019 and FY2020 before resuming their climb. Because total assets grew faster than equity, equity's share of the balance sheet slipped slightly, from about 6.9% of total assets in FY2016 to roughly 6.5% in FY2025, even as the absolute equity base continued to expand overall.

Updated 4 Jul 2026

How much operating cash has Westpac (WBC) generated and returned to shareholders?

Westpac's operating cash flow has been highly variable rather than following a steady trend, moving from $5.5B in FY2016 to a peak of $58.7B in FY2020 and $50.4B in FY2021, before turning negative at -$10.8B in FY2023 and -$19.8B in FY2024, then recovering to $9.5B in FY2025. Capital expenditure and a resulting free cash flow figure are not disclosed in the company's reported figures for this comparison.

Dividend payments have been a consistent cash outflow throughout the period, ranging from $2.5B in FY2020, the low point during the sharpest earnings downturn, up to $5.8B in FY2018, and landing at $5.2B in FY2025. Share buybacks have been smaller and less regular, running at $75M to $121M in most years but rising to $3.5B in FY2022 and $1.8B in FY2024, with no buyback activity recorded in FY2021 or FY2023.

Updated 4 Jul 2026

AI-assisted analysis generated from Craytheon's verified financial data · How this works

Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.