Westpac Banking Income Statement

Financials in millions AUD. Fiscal year is October - September.

Millions AUD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Sep '24 Sep 30, 2024	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	Sep '20 Sep 30, 2020	2019 - 2015
Interest Income on Loans	52,739	52,739	42,515	22,981	22,132	26,596	Upgrade
Interest Income on Investments	1,608	1,608	1,237	270	146	451	Upgrade
Total Interest Income	54,347	54,347	43,752	23,251	22,278	27,047	Upgrade
Interest Paid on Deposits	35,594	35,594	25,435	6,090	5,420	10,351	Upgrade
Net Interest Income	18,753	18,753	18,317	17,161	16,858	16,696	Upgrade
Net Interest Income Growth (YoY)	2.38%	2.38%	6.74%	1.80%	0.97%	-1.25%	Upgrade
Income From Trading Activities	704	704	717	664	719	895	Upgrade
Gain (Loss) on Sale of Assets	6	6	268	-826	195	11	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	43	316	Upgrade
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-6	-23	Upgrade
Other Non-Interest Income	2,125	2,125	2,343	2,607	3,413	2,288	Upgrade
Total Non-Interest Income	2,835	2,835	3,328	2,445	4,364	3,487	Upgrade
Non-Interest Income Growth (YoY)	-14.81%	-14.81%	36.11%	-43.97%	25.15%	-6.81%	Upgrade
Revenues Before Loan Losses	21,588	21,588	21,645	19,606	21,222	20,183	Upgrade
Provision for Loan Losses	537	537	648	335	-590	3,178	Upgrade
Revenue	21,051	21,051	20,997	19,271	21,812	17,005	Upgrade
Revenue Growth (YoY)	0.26%	0.26%	8.96%	-11.65%	28.27%	-14.35%	Upgrade
Salaries and Employee Benefits	5,711	5,711	5,775	5,644	5,844	4,841	Upgrade
Occupancy Expenses	692	692	755	797	951	1,011	Upgrade
Amortization of Goodwill & Intangibles	891	891	623	546	783	804	Upgrade
Selling, General & Administrative	2,960	2,960	2,795	2,906	3,629	3,405	Upgrade
Other Non-Interest Expense	443	443	382	338	538	1,787	Upgrade
Total Non-Interest Expense	10,794	10,794	10,420	10,319	11,842	11,928	Upgrade
EBT Excluding Unusual Items	10,257	10,257	10,577	8,952	9,970	5,077	Upgrade
Asset Writedown	-59	-59	-39	-349	-805	-717	Upgrade
Pretax Income	10,107	10,107	10,305	8,469	8,501	4,266	Upgrade
Income Tax Expense	3,117	3,117	3,104	2,770	3,038	1,974	Upgrade
Earnings From Continuing Operations	6,990	6,990	7,201	5,699	5,463	2,292	Upgrade
Minority Interest in Earnings	-	-	-6	-5	-5	-2	Upgrade
Net Income	6,990	6,990	7,195	5,694	5,458	2,290	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	-	2	Upgrade
Net Income to Common	6,990	6,990	7,195	5,694	5,458	2,288	Upgrade
Net Income Growth	-2.85%	-2.85%	26.36%	4.32%	138.34%	-66.24%	Upgrade
Basic Shares Outstanding	3,476	3,476	3,502	3,559	3,653	3,590	Upgrade
Diluted Shares Outstanding	3,895	3,895	3,891	3,889	4,118	3,591	Upgrade
Shares Change (YoY)	0.10%	0.10%	0.05%	-5.56%	14.68%	-3.70%	Upgrade
EPS (Basic)	2.01	2.01	2.05	1.60	1.49	0.64	Upgrade
EPS (Diluted)	1.92	1.92	1.95	1.52	1.38	0.64	Upgrade
EPS Growth	-1.80%	-1.80%	28.08%	10.57%	116.38%	-66.39%	Upgrade
Dividend Per Share	1.510	1.510	1.420	1.250	1.180	0.310	Upgrade
Dividend Growth	6.34%	6.34%	13.60%	5.93%	280.65%	-82.18%	Upgrade
Effective Tax Rate	30.84%	30.84%	30.12%	32.71%	35.74%	46.27%	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.