Westpac Banking in Australia Posts Stable Profits Driven by Mortgage Growth

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Nov 02 2025

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Source: SeekingAlpha

Annual Earnings Report: Westpac Banking reported a net profit of A$6.9 billion for the year ending September 30, a 1% decrease, aligning with analyst expectations amid a competitive lending environment.
Leadership Changes: New CEO Anthony Miller has initiated a restructuring of the bank, focusing on modernizing technology, cutting costs, and enhancing operational efficiency.
Market Position: As Australia's second-largest lender, Westpac is concentrating on improving performance in its consumer business while maintaining stable lending margins and credit quality.
Strategic Outlook: Miller emphasized the bank's strong capital position and flexibility to navigate ongoing global economic uncertainties, positioning Australia favorably despite disruptions.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.