Westpac has reported a 14% increase in unaudited statutory net profit for the three months ended June 30, 2025.
The bank's statutory net profit reached $1.9 billion, while net profit excluding notable items was up 8% to $1.9bn.
The bank's common equity tier 1 (CET1) capital ratio was 12.3%, above the target operating range of 11% to 11.5%.
Westpac said it experienced strong growth in business and institutional banking, while focusing on returns in the consumer sector and improving customer experience.
The bank also highlighted the importance of its transformation agenda, which aims to simplify its operating environment and accelerate innovation.
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