Quick Recap:
- 3Q23 net profit: $1.8 billion
- Resilient operating revenue with disciplined margin management
- Inflationary pressures led to higher expenses: supplier costs & wages
- Capital, funding & liquidity above regulatory minimums
- Credit impairment provisions: $5.1 billion as of 30 June 2023
- 3Q23 Group NIM: 2.06%; Excluding Notable Items, NIM: 1.96%
- Core NIM: 1.86%, down due to mortgage competition, offset by higher earnings on capital & hedged deposits
- Deposit to loan ratio: 84.1%; Deposit growth: $8.7 billion; Loan growth: $6.4 billion
- 2H23 expenses up ~5% due to inflation, tech investments & customer simplification
- Full-time employee reduction ~2% in 2H23
- Notable Items: one-off expenses for cost reset & Commonwealth's Compensation Scheme of Last Resort levy.
News: WBC UPDATE 1-Westpac Q3 quarterly cash earnings boosted by rising rates, expenses weigh, page-2
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$31.75 |
Change
0.170(0.54%) |
Mkt cap ! $109.5B | |||
| Open | High | Low | Value | Volume |
| $31.58 | $31.86 | $31.57 | $42.88M | 1.357M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 3345 | $31.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.77 | 3141 | 9 |
View Market Depth
| Last trade - 11.10am 06/09/2024 (20 minute delay) ? |
| WBC (ASX) Chart |