Latest Westpac Banking Corporation News

Westpac Banking Corporation reported a steady net profit of AUD 1.9 billion for the first quarter of 2026, underpinned by stable margins and robust capital ratios. The bank’s credit quality and funding position remain resilient amid a cautious economic outlook.

Westpac Banking Corporation reported a 6% rise in net profit for the first quarter of 2026, underpinned by strong capital ratios and ongoing transformation initiatives. The bank’s strategic focus on customer service and operational efficiency signals a confident outlook amid evolving market conditions.

PentaNet Ltd reported a positive net operating cash flow of A$710,000 for the December 2025 quarter, alongside a strong cash position of A$2.42 million. The company completed its final payment for a 15-year 5G spectrum license while maintaining access to substantial financing facilities.

Westpac Banking Corporation has announced a fully franked distribution of AUD 1.1789 per Westpac Capital Notes 10 for the quarter ending March 2026, reflecting a 4.78% annualised yield based on current market rates.

Comms Group Limited has finalized a new three-year debt refinancing agreement with Westpac, improving its financial flexibility and positioning for future acquisitions.

Westpac Banking Corporation confirms a fully franked final dividend of AUD 0.77 per share, alongside detailed Dividend Reinvestment Plan pricing and foreign currency payment options for shareholders.

StepChange Holdings has locked in $11 million in new debt facilities with Westpac, enhancing its financial flexibility to accelerate growth and strategic acquisitions.

Clime Capital reports an unaudited pre-tax NTA of 78.55 cents per share and announces a December quarter dividend guidance of 1.35 cents, maintaining an active share buyback program.

Pepper Money and KKR have agreed to acquire Westpac’s RAMS home loan portfolio, marking a significant move in Australia’s mortgage servicing landscape. The $21.4 billion portfolio acquisition aligns with Pepper Money’s strategy to expand its capital-light servicing business.

Westpac has agreed to sell its $21.4 billion RAMS mortgage portfolio to a consortium led by Pepper Money, KKR, and PIMCO, aiming to simplify operations and boost capital ratios despite an expected loss on sale.

Westpac Banking Corporation reported a modest decline in full-year net profit, while advancing key transformation initiatives and raising dividends slightly.

Westpac Banking Corporation reported a solid $6.9 billion net profit for FY25, underpinned by strong deposit growth and ongoing digital transformation, while advancing ambitious sustainability targets.