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Westpac Banking (ASX:WBC) Full Year 2022 Results
Key Financial Results
Revenue: AU$19.3b (down 12% from FY 2021). Net income: AU$5.69b (up 4.3% from FY 2021). Profit margin: 30% (up from 25% in FY 2021). The increase in margin was driven by lower expenses. EPS: AU$1.60 (up from AU$1.49 in FY 2021).
WBC Banking Performance Indicators
Net interest margin (NIM): 1.93% (down from 2.06% in FY 2021). Cost-to-income ratio: 55.1% (down from 62.7% in FY 2021). Non-performing loans: 0.97% (down from 1...
>>> Read more: Westpac Banking Full Year 2022 Earnings: EPS Beats Expectations
Key Financial Results
Revenue: AU$19.3b (down 12% from FY 2021). Net income: AU$5.69b (up 4.3% from FY 2021). Profit margin: 30% (up from 25% in FY 2021). The increase in margin was driven by lower expenses. EPS: AU$1.60 (up from AU$1.49 in FY 2021).
WBC Banking Performance Indicators
Net interest margin (NIM): 1.93% (down from 2.06% in FY 2021). Cost-to-income ratio: 55.1% (down from 62.7% in FY 2021). Non-performing loans: 0.97% (down from 1...
>>> Read more: Westpac Banking Full Year 2022 Earnings: EPS Beats Expectations
