Westpac first-quarter profit rises on loan, deposit growth
12/02/2026 20:41
Feb 13 (Reuters) - Australia's Westpac Banking Corp WBC.AX said on Friday its first-quarter underlying net profit rose 6% from an average of the previous two quarters, driven by solid growth across customer deposits and loans. The country's third-largest lender by market capitalisation reported unaudited net profit of A$1.9 billion ($1.35 billion) for the three months ended December 31. ($1 = 1.4102 Australian dollars) (Reporting by Sameer Manekar and Sneha Kumar in Bengaluru; Editing by Krishna Chandra Eluri) ((Sameer.Manekar@thomsonreuters.com; Sneha.Kumar@thomsonreuters.com;))
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