
Eversource Energy reported its first-quarter 2025 earnings with an EPS of $1.50, slightly below expectations, and net income of $552.67 million, marking a 5.5% increase year-over-year. The company reaffirmed its 2025 earnings guidance and outlined a long-term growth target of 5% to 7% annually through 2029. Additionally, Eversource announced a $24.2 billion five-year capital plan. Meanwhile, Westpac Banking Corporation released its half-year 2025 results, posting a net income of A$3.32 billion, in line with estimates. The bank reported a Common Equity Tier 1 (CET1) ratio of 12.2%, exceeding the expected 11.9%, and a return on equity (ROE) of 9.42%. Westpac declared an interim dividend of A$0.76 per share, slightly below the estimated A$0.78. The CEO indicated that the low point of the credit-quality cycle may be behind the bank. Mortgage delinquencies improved, with 30-day delinquencies at 150 basis points compared to 180 basis points the previous year, and hardship cases declined to 76 basis points from 105 basis points year-over-year. These results reflect ongoing stability and cautious optimism in Westpac's credit environment.
WESTPAC H1 25 EARNINGS: NET INCOME: A$3.32B (EST. A$3.32B) || CET1 RATIO: 12.2% (EST. 11.9%) || ROE: 9.42% || INTERIM DIVIDEND PER SHARE: A$0.76 (EST. A$0.78)
30-day mortgage delinquencies Westpac 1H25: 150bps (PY: 180bps) In hardship: 76bps (PY: 105bps) #ausbiz 🇦🇺 https://t.co/uV8WJGBbOd
*Westpac CEO: Low Point of Credit-Quality Cycle May Be in Past
