Financial Ratios Westpac Banking Corporation

Equities

WBC

AU000000WBC1

Banks

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19b2d15688c2c5016a1dddbee21.Okx2UINtN9OrC5EC7cKqsm_RHIF1s5aZ5d0AUw8-OyM.CikDJrIieb2SbKNRl7WfwjvndM8s7NP10pdLPWp8UXkCDw4F4QwHgN5ApQ

Published financial data: WESTPAC BANKING CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Interest Income On Loans	26.6B	22.13B	22.98B	42.52B	52.74B
Interest Income On Investments	451M	146M	270M	1.24B	1.61B
Interest Income, Total	27.05B	22.28B	23.25B	43.75B	54.35B
Interest On Deposits	10.35B	5.42B	6.09B	25.44B	35.59B
Interest Expense, Total	10.35B	5.42B	6.09B	25.44B	35.59B
Net Interest Income	16.7B	16.86B	17.16B	18.32B	18.75B
Trust Income	-	-	-	-	-
Income From Trading Activities	895M	719M	664M	717M	704M
Gain (Loss) on Sale of Assets	11M	195M	-826M	268M	6M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	316M	43M	25M	1M	-
Income (Loss) on Equity Invest. (Income Block)	-23M	-6M	-7M	-5M	-
Total Other Non Interest Income	2.29B	3.41B	2.59B	2.35B	2.12B
Non Interest Income, Total	3.49B	4.36B	2.44B	3.33B	2.84B
Revenues Before Provison For Loan Losses	20.18B	21.22B	19.61B	21.64B	21.59B
Provision For Loan Losses	3.18B	-590M	335M	648M	537M
Total Revenues	17B	21.81B	19.27B	21B	21.05B
Salaries And Other Employee Benefits	4.84B	5.84B	5.64B	5.78B	5.71B
Stock-Based Compensation (IS)	80M	97M	88M	90M	97M
Amort. of Goodwill & Intang. Assets	804M	783M	546M	623M	891M
Occupancy Expense	1.01B	951M	797M	755M	692M
Selling General & Admin Expenses, Total	3.4B	3.63B	2.94B	2.84B	2.96B
Total Other Non Interest Expense	1.79B	538M	301M	336M	443M
Non Interest Expense, Total	11.93B	11.84B	10.32B	10.42B	10.79B
EBT, Excl. Unusual Items	5.08B	9.97B	8.96B	10.58B	10.26B
Restructuring Charges	-94M	-93M	-134M	-233M	-91M
Impairment of Goodwill	-498M	-571M	-122M	-	-
Asset Writedown	-219M	-805M	-231M	-39M	-59M
EBT, Incl. Unusual Items	4.27B	8.5B	8.47B	10.3B	10.11B
Income Tax Expense	1.97B	3.04B	2.77B	3.1B	3.12B
Earnings From Continuing Operations	2.29B	5.46B	5.7B	7.2B	6.99B
Net Income to Company	2.29B	5.46B	5.7B	7.2B	6.99B
Minority Interest	-2M	-5M	-5M	-6M	-
Net Income - (IS)	2.29B	5.46B	5.69B	7.2B	6.99B
Preferred Dividend and Other Adjustments	2M	2M	3M	-	-
Net Income to Common Incl Extra Items	2.29B	5.46B	5.69B	7.2B	6.99B
Net Income to Common Excl. Extra Items	2.29B	5.46B	5.69B	7.2B	6.99B
Per Share Items
Net EPS - Basic	0.64	1.49	1.6	2.05	2.01
Basic EPS - Continuing Operations	0.64	1.49	1.6	2.05	2.01
Basic Weighted Average Shares Outstanding	3.59B	3.65B	3.56B	3.5B	3.48B
Net EPS - Diluted	0.64	1.38	1.52	1.95	1.92
Diluted EPS - Continuing Operations	0.64	1.38	1.52	1.95	1.92
Diluted Weighted Average Shares Outstanding	3.59B	4.12B	3.89B	3.89B	3.9B
Normalized Basic EPS	0.88	1.7	1.57	1.89	1.84
Normalized Diluted EPS	0.88	1.51	1.44	1.7	1.65
Dividend Per Share	0.31	1.18	1.25	1.42	1.51
Payout Ratio	109.96	52.14	76.17	62.6	73.41
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	46.27	35.74	32.71	30.12	30.84
Total Current Taxes	2.95B	2.74B	2.66B	3.01B	3.12B
Total Deferred Taxes	-981M	294M	186M	88M	12M
Normalized Net Income	3.17B	6.23B	5.59B	6.6B	6.41B
Non-Cash Pension Expense	8M	12M	11M	-14M	-11M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	80M	97M	88M	90M	97M
Total Stock-Based Compensation	80M	97M	88M	90M	97M

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	30.13B	70.91B	105B	102B	65.36B
Investment Securities, Total	115B	89.7B	88.04B	88.92B	122B
Trading Asset Securities, Total	41.14B	34.37B	54.23B	38.44B	54.88B
Total investments	156B	124B	142B	127B	177B
Gross Loans	699B	715B	744B	778B	812B
Allowance For Loan Losses	-5.6B	-4.59B	-4.21B	-4.43B	-4.57B
Other Adjustments to Gross Loans	-	-	-	-	-
Net Loans	693B	710B	740B	773B	807B
Net Property Plant And Equipment	3.91B	2.85B	2.43B	2.24B	2.25B
Goodwill	8.4B	7.6B	7.39B	7.42B	7.43B
Other Intangibles, Total	3.1B	2.51B	2.93B	3.47B	3.31B
Accrued Interest Receivable	905M	720M	1.27B	2B	2.22B
Other Receivables	1.16B	869M	1B	627M	632M
Restricted Cash	-	445M	303M	299M	311M
Other Current Assets, Total	4.78B	8.42B	6.29B	4.54B	6.27B
Deferred Tax Assets Long-Term (Collected)	3.06B	2.44B	1.75B	2.1B	2.15B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	7.39B	4.67B	3.73B	4.16B	3.32B
Total Assets	912B	936B	1,014B	1,030B	1,078B
Liabilities
Accounts Payable, Total	1.25B	1.39B	1.04B	2.19B	2.38B
Accrued Expenses, Total	596M	803M	922M	933M	899M
Interest Bearing Deposits	531B	559B	590B	577B	580B
Non-Interest Bearing Deposits	59.88B	67.8B	69.03B	111B	140B
Total Deposits	591B	627B	659B	688B	720B
Short-Term Borrowings	67.29B	73.55B	111B	78.99B	82.15B
Current Portion of Long-Term Debt	33.92B	26.83B	21.74B	27.34B	31.41B
Current Portion of Leases	568M	-	-	-	-
Long-Term Debt	124B	111B	124B	133B	143B
Long-Term Leases	2.36B	-	-	-	-
Trust Preferred Securities (BS)	-	-	-	-	-
Current Income Taxes Payable	70M	71M	219M	780M	569M
Accrued Interest Payable	1.37B	944M	1.74B	4.14B	4.94B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	8.2B	9.53B	12.36B	11.33B	10.23B
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	435M	15M	7M	9M
Deferred Tax Liability Non-Current	126M	90M	-	-	-
Other Non Current Liabilities	13.12B	11.76B	11.32B	10.23B	9B
Total Liabilities	844B	864B	944B	957B	1,005B
Common Stock, Total	40.51B	41.6B	39.67B	39.83B	37.96B
Retained Earnings	26.53B	28.81B	29.06B	31.44B	32.77B
Treasury Stock	-563M	-606M	-655M	-702M	-758M
Comprehensive Income and Other	1.54B	2.23B	2.38B	1.94B	1.73B
Total Common Equity	68.02B	72.04B	70.45B	72.5B	71.7B
Minority Interest	51M	57M	57M	44M	347M
Total Equity	68.07B	72.09B	70.51B	72.54B	72.05B
Total Liabilities And Equity	912B	936B	1,014B	1,030B	1,078B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.61B	3.66B	3.5B	3.5B	3.44B
ECS Total Common Shares Outstanding	3.61B	3.66B	3.5B	3.5B	3.44B
Book Value / Share	18.86	19.66	20.15	20.69	20.87
Tangible Book Value	56.53B	61.93B	60.12B	61.61B	60.96B
Tangible Book Value Per Share	15.67	16.9	17.2	17.58	17.75
Tangible Book Value Per Share (As Reported)	15.67	16.9	17.18	17.58	17.75
Average Assets	920B	906B	975B	1,023B	1,057B
Average Loans	698B	692B	677B	705B	733B
Total Debt	228B	212B	257B	239B	257B
Deposits at Interest - Cash	-	54.85B	90.55B	88.67B	56.35B
Debt Equivalent of Unfunded Proj. Benefit Obligation	530M	371M	-274M	-210M	-206M
Net Debt	136B	104B	88.78B	86.74B	119B
Equity Method Investments, Total	61M	58M	37M	33M	-
Full Time Employees	36.85K	40.14K	37.48K	33.66K	33.58K
Number Of Offices	1.1K	997	877	786	762

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	2.29B	5.46B	5.69B	7.2B	6.99B
Depreciation, Depletion & Amortization	952M	895M	682M	575M	572M
Amortization of Goodwill and Intangible Assets - (CF)	3M	28M	1M	2M	2M
Total Depreciation, Depletion & Amortization	955M	923M	683M	577M	574M
Amortization of Deferred Charges, Total	801M	755M	545M	621M	889M
Total Asset Writedown	717M	1.38B	353M	39M	59M
Provision for Credit Losses	3.37B	-348M	524M	839M	727M
Change in Trading Asset Securities	-6.9B	16.9B	-1.3B	-442M	-19.83B
Changes in Accrued Interest Receivable	-	-	-	-	-
Changes in Accrued Interest Payable	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	29.41B	-6.53B	-26.53B	-45.64B	-44.96B
Other Operating Activities	-899M	-1.85B	1.93B	1.32B	545M
Cash from Operations	29.74B	16.67B	-18.1B	-35.49B	-55.01B
Capital Expenditure	-240M	-234M	-166M	-238M	-235M
Sale of Property, Plant, and Equipment	58M	62M	25M	72M	46M
Cash Acquisitions	-	-	-14M	-	-30M
Divestitures	-	1.27B	2.12B	293M	-
Purchase / Sale of Intangible Assets	-1.04B	-740M	-1.1B	-1.14B	-782M
Investment in Marketable and Equity Securities, Total	-18.26B	5.26B	1.95B	2.73B	-25.17B
Cash from Investing	-19.48B	5.62B	2.81B	1.71B	-26.17B
Long-Term Debt Issued, Total	36.99B	54.43B	79.84B	74.43B	86.57B
Total Debt Issued	36.99B	54.43B	79.84B	74.43B	86.57B
Long-Term Debt Repaid, Total	-65.96B	-67.33B	-58.67B	-64.17B	-69.47B
Total Debt Repaid	-65.96B	-67.33B	-58.67B	-64.17B	-69.47B
Issuance of Common Stock	2.76B	719M	-	-	-
Repurchase of Common Stock	-75M	-71M	-3.58B	-79M	-1.92B
Common Dividends Paid	-2.52B	-2.85B	-4.34B	-4.5B	-5.13B
Common & Preferred Stock Dividends Paid	-2.52B	-2.85B	-4.34B	-4.5B	-5.13B
Net Increase (Decrease) in Deposit Accounts - (CF)	28.91B	33.74B	35.05B	24.69B	35.24B
Special Dividend Paid	-	-	-	-	-521M
Other Financing Activities, Total	-1M	-2M	-5M	-21M	310M
Cash from Financing	107M	18.64B	48.29B	30.35B	45.08B
Foreign Exchange Rate Adjustments	-301M	298M	897M	694M	-753M
Miscellaneous Cash Flow Adjustments	-	-7M	7M	-	-
Net Change in Cash	10.07B	41.22B	33.9B	-2.74B	-36.86B
Supplemental Items
Cash Interest Paid	11.47B	5.68B	5.09B	22.65B	34B
Cash Income Tax Paid (Refund)	3.09B	2.69B	2.34B	2.44B	3.37B
Net Debt Issued / Repaid	-28.97B	-12.9B	21.17B	10.26B	17.1B

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.25	0.59	0.58	0.7	0.66
Return On Equity %	3.43	7.8	7.99	10.07	9.67
Return on Common Equity	3.43	7.79	7.99	10.07	9.69
Shareholders Value Added	-5.66B	-2.86B	-2.77B	-1.23B	-1.6B
Margin Analysis
SG&A Margin	54.44	47.79	48.67	44.63	44.48
Net Interest Income / Total Revenues %	98.18	77.29	89.05	87.24	89.08
EBT Excl. Non-Recurring Items Margin %	29.86	45.71	46.47	50.37	48.72
Income From Continuing Operations Margin %	13.48	25.05	29.57	34.3	33.2
Net Income Margin %	13.47	25.02	29.55	34.27	33.2
Net Avail. For Common Margin %	13.45	25.01	29.53	34.27	33.2
Normalized Net Income Margin	18.65	28.54	29.02	31.46	30.45
Asset quality
Nonperforming Loans / Total Loans %	1.59	1.33	0.97	1.07	1.27
Nonperforming Loans / Total Assets %	1.22	1.01	0.71	0.81	0.96
Nonperforming Assets / Total Assets %	1.22	1.01	0.71	0.81	0.96
NPAs / Loans and OREO	1.59	1.33	0.97	1.07	1.27
NPAs / Equity	16.29	13.17	10.28	11.5	14.31
Allowance for Credit Losses / Net Charge-offs %	573.39	772.56	564.56	1.08K	1.06K
Allowance for Credit Losses / Nonperforming Loans %	50.51	48.33	58.05	53.13	44.29
Allowance for Credit Losses / Total Loans %	0.8	0.64	0.57	0.57	0.56
Net Charge-offs / Total Average Loans %	0.14	0.09	0.11	0.06	0.06
Provision for Loan Losses / Net Charge-offs %	325.28	-99.33	44.97	158.05	124.88
Earning Assets / IBL	110.2	111.29	110.5	114.86	117.34
Interest Income / Average Assets	2.94	2.46	2.39	4.28	5.14
Interest Expense / Average Assets	1.12	0.6	0.62	2.49	3.37
Net Interest Income / Average Assets	1.81	1.86	1.76	1.79	1.77
Non Interest Income / Average Assets	0.38	0.48	0.25	0.33	0.27
Non Interest Expense / Average Asset	1.3	1.31	1.06	1.02	1.02
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.34	7.58	7.31	6.99	6.84
Total Average Equity / Total Average Assets %	7.35	7.59	7.31	7	6.86
Total Equity + Allowance for Loan Losses / Total Loans %	10.53	10.72	10.03	9.89	9.4
Gross Loans / Total Deposits %	118.24	114.04	112.89	113.02	112.63
Net Loans / Total Deposits %	117.29	113.31	112.25	112.38	112
Tier 1 Capital Ratio %	13.23	14.65	13.39	14.59	14.82
Total Capital Ratio %	16.38	18.86	18.4	20.45	21.38
Core Tier 1 Capital Ratio	11.13	12.32	11.29	12.38	12.49
Tier 2 Capital Ratio	3.15	4.21	5.01	5.86	6.56
Coverage Ratio	201.58	48.33	58.05	53.13	44.29
Interbank Ratio	63.22	8.83	19.96	41.06	80.79
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.41	2.57	2.39	1.41	1.28
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-1.25	0.97	1.8	6.74	2.38
Non Interest Income, 1 Yr. Growth %	-6.81	25.15	-43.97	36.11	-14.81