Westpac Banking Posts Higher Earnings in Fiscal H1 as Revenue Rises; Lifts Dividend

MT Newswires Live
05-05

Westpac Banking (NZE:WBC, ASX:WBC) reported Monday earnings of AU$0.96 per diluted share in the fiscal first half, up from AU$0.916 per diluted share in the year-ago period.

Analysts polled by Visible Alpha expected earnings of AU$0.897 per diluted share.

Excluding notable items, EPS was AU$0.998, up from AU$0.958 a year earlier.

Net interest income in the six months ended March 31 was AU$9.35 billion, up from AU$9.13 billion in the year-earlier period. Analysts surveyed by Visible Alpha expected AU$9.52 billion.

Total non-interest income fell 1% to AU$1.44 billion from AU$1.46 billion. Analysts polled by Visible Alpha expected AU$1.48 billion.

Revenue was AU$10.79 billion, up from AU$10.59 billion a year earlier.

The board declared an interim ordinary dividend of AU$0.76 per share, compared with AU$0.75 a year earlier, payable on June 27 to shareholders of record as of May 9.

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