Westpac Banking Corporation (NZE: WBC)

Westpac Banking Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Interest Income on Loans	-	42,515	22,981	22,132	26,596	32,518
Interest Income on Investments	-	1,237	270	146	451	704
Total Interest Income	-	43,752	23,251	22,278	27,047	33,222
Interest Paid on Deposits	-	25,435	6,090	5,420	10,351	16,315
Net Interest Income	18,429	18,317	17,161	16,858	16,696	16,907
Net Interest Income Growth (YoY)	1.53%	6.74%	1.80%	0.97%	-1.25%	2.44%
Income From Trading Activities	528	717	664	719	895	929
Gain (Loss) on Sale of Assets	-3	268	-826	195	11	64
Gain (Loss) on Sale of Investments	-	1	25	43	316	38
Gain (Loss) on Sale of Equity Investments	-1	-5	-7	-6	-23	-23
Other Non-Interest Income	2,358	2,347	2,589	3,413	2,288	2,734
Total Non-Interest Income	2,882	3,328	2,445	4,364	3,487	3,742
Non-Interest Income Growth (YoY)	0.75%	36.11%	-43.97%	25.15%	-6.81%	-31.99%
Revenues Before Loan Losses	21,311	21,645	19,606	21,222	20,183	20,649
Provision for Loan Losses	591	648	335	-590	3,178	794
Revenue	20,720	20,997	19,271	21,812	17,005	19,855
Revenue Growth (YoY)	1.59%	8.96%	-11.65%	28.27%	-14.35%	-6.77%
Salaries and Employee Benefits	4,329	5,775	5,644	5,844	4,841	4,698
Occupancy Expenses	543.5	755	797	951	1,011	1,023
Amortization of Goodwill & Intangibles	680	623	546	783	804	703
Selling, General & Administrative	2,181	2,841	2,939	3,629	3,405	3,084
Other Non-Interest Expense	2,989	336	301	538	1,787	233
Total Non-Interest Expense	10,791	10,420	10,315	11,842	11,928	9,849
EBT Excluding Unusual Items	9,930	10,577	8,956	9,970	5,077	10,006
Asset Writedown	-19.5	-39	-231	-805	-717	-25
Pretax Income	9,773	10,305	8,469	8,501	4,266	9,749
Income Tax Expense	3,033	3,104	2,770	3,038	1,974	2,959
Earnings From Continuing Operations	6,740	7,201	5,699	5,463	2,292	6,790
Minority Interest in Earnings	-1	-6	-5	-5	-2	-6
Net Income	6,739	7,195	5,694	5,458	2,290	6,784
Preferred Dividends & Other Adjustments	1	-	-	-	2	6
Net Income to Common	6,738	7,195	5,694	5,458	2,288	6,778
Net Income Growth	-0.97%	26.36%	4.32%	138.34%	-66.24%	-16.20%
Basic Shares Outstanding	3,469	3,502	3,559	3,653	3,590	3,450
Diluted Shares Outstanding	3,469	3,891	3,889	4,118	3,591	3,729
Shares Change (YoY)	-10.49%	0.05%	-5.56%	14.68%	-3.70%	2.42%
EPS (Basic)	1.94	2.05	1.60	1.49	0.64	1.96
EPS (Diluted)	1.94	1.95	1.52	1.38	0.64	1.90
EPS Growth	5.07%	28.08%	10.57%	116.38%	-66.39%	-17.63%
Dividend Per Share	0.360	1.420	1.250	1.180	0.310	1.740
Dividend Growth	-73.91%	13.60%	5.93%	280.65%	-82.18%	-7.45%
Effective Tax Rate	31.03%	30.12%	32.71%	35.74%	46.27%	30.35%

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