Earnings call transcript: Westpac posts steady Q3 2026 growth as margin pressure looms
Westpac Banking Corp. reported steady third-quarter fiscal 2026 earnings, with net profit rising 2% and revenue growing 1%. The Australian bank highlighted that stronger competition in mortgages and deposits could pressure margins in upcoming quarters. Loan and deposit growth contributed to a 2% increase in net interest income, while the net interest margin remained at 189 basis points.
New Zealand revenue declined by 7%, or 3% in constant currency terms. Share prices fell 1.56%, settling at $37.93, within the stock's 52-week range of $33.71 to $43.32.
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