<\/p>\n
Westpac Banking Corp’s hit a record high after Australia’s third-largest bank by market value beat first-quarter profit estimates and forecast resilient credit demand.<\/p>\n
The bank reported first-quarter unaudited net profit of A$1.9 billion ($1.35 billion), 6% higher than the average of the prior two quarters, and about 5% ahead of the Visible Alpha consensus, as per Citigroup.<\/p>\n
That was driven by solid deposit and loan growth, with Westpac adding A$12 billion in deposits and A$22 billion in new loans during the quarter, cushioning margin pressure.<\/p>\n
“We are optimistic on the outlook for the economy and expect demand for both business and household credit to remain resilient,” CEO Anthony Miller said.<\/p>\n
Westpac shares jumped 2.8% in early trade to a record high of A$42.130.<\/p>\n
“With costs well managed, asset quality benign, and capital strong, we think the result will be well received,” analysts at Citi said, calling the results and the quarter “solid”.<\/p>\n
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Westpac Banking Corp’s hit a record high after Australia’s third-largest bank by market value beat first-quarter profit estimates and forecast resilient credit demand. The bank reported first-quarter unaudited net profit of A$1.9 billion ($1.35 billion), 6% higher than the average of the prior two quarters, and about 5% ahead of the Visible Alpha consensus, as […]<\/p>\n","protected":false},"author":1,"featured_media":5567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/02\/Westpac-24.jpg",612,407,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/02\/Westpac-24-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/02\/Westpac-24-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/02\/Westpac-24.jpg",612,407,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=5566"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5566\/revisions"}],"predecessor-version":[{"id":5568,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5566\/revisions\/5568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/5567"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=5566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=5566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=5566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}