Westpac Banking Corporation Website

Westpac Banking Corporation

ASX-WBC

Income Statement
Sep '14
Sep '15
Sep '16
Sep '17
Sep '18
Sep '19
Sep '20
Sep '21
Sep '22
Sep '23
LTM

Interest Income On Loans

32,518

26,596

22,132

22,981

42,515

—

Interest Income On Investments

—

—

—

704

451

146

270

1,237

—

Interest Income, Total

33,222

27,047

22,278

23,251

43,752

—

Interest On Deposits

16,315

10,351

5,420

6,090

25,435

—

Interest Expense, Total

16,315

10,351

5,420

6,090

25,435

—

Net Interest Income

16,907

16,696

16,858

17,161

18,317

18,429

Trust Income

—

—

—

—

—

—

—

—

Income From Trading Activities

929

895

719

664

717

528

Gain (Loss) on Sale of Assets

64

11

195

-826

268

-3

Gain (Loss) on Sale of Invest. & Securities

—

—

—

—

38

316

43

25

1

—

Income (Loss) on Equity Invest.

—

-23

-23

-6

-7

-5

-1

Total Other Non Interest Income

2,734

2,288

3,413

2,589

2,347

2,358

Non Interest Income, Total

3,742

3,487

4,364

2,445

3,328

2,882

Revenues Before Provison For Loan Losses

20,649

20,183

21,222

19,606

21,645

21,311

Provision For Loan Losses

794

3,178

-590

335

648

591

Total Revenues

19,855

17,005

21,812

19,271

20,997

20,720

Total Revenues % Chg.

-6.8%

-14.4%

28.3%

-11.6%

9%

1.6%

Salaries And Other Employee Benefits

4,698

4,841

5,844

5,644

5,775

4,329

Stock-Based Compensation

108

80

97

88

90

68

Amort. of Goodwill & Intang. Assets

703

804

783

546

623

680

Occupancy Expense

1,023

1,011

951

797

755

543.5

Selling General & Admin Expenses, Total

3,084

3,405

3,629

2,939

2,841

2,181

Total Other Non Interest Expense

233

1,787

538

301

336

2,989

Non Interest Expense, Total

9,849

11,928

11,842

10,315

10,420

10,790.5

EBT, Excl. Unusual Items

10,006

5,077

9,970

8,956

10,577

9,929.5

Restructuring Charges

-232

-94

-93

-134

-233

-137

Impairment of Goodwill

—

—

—

—

—

—

-571

-122

—

—

Asset Writedown

—

—

—

—

-25

-717

-805

-231

-39

-19.5

EBT, Incl. Unusual Items

9,749

4,266

8,501

8,469

10,305

9,773

Income Tax Expense

2,959

1,974

3,038

2,770

3,104

3,033

Earnings From Continuing Operations

6,790

2,292

5,463

5,699

7,201

6,740

Minority Interest

-6

-2

-5

-5

-6

-1

Net Income

6,784

2,290

5,458

5,694

7,195

6,739

Preferred Dividend and Other Adjustments

6

2

—

—

—

1

Net Income to Common Incl Extra Items

6,778

2,288

5,458

5,694

7,195

6,738

Net Income to Common Excl. Extra Items

6,778

2,288

5,458

5,694

7,195

6,738

Total Shares Outstanding

3,483.4

3,607.1

3,664.2

3,496.1

3,503.8

3,469

Weighted Avg. Shares Outstanding

3,450

3,590

3,653

3,559

3,502

3,469

Weighted Avg. Shares Outstanding Dil

3,729

3,591

4,118

3,889

3,891

3,469

EPS

2

0.6

1.5

1.6

2.1

1.9

EPS Diluted

1.9

0.6

1.4

1.5

2

1.9

Effective Tax Rate

30.4%

46.3%

35.7%

32.7%

30.1%

31%