Westpac Banking Corporation reported its fiscal year 2024 earnings, revealing a net income of AUD 7,000 million and net interest income of AUD 18,916 million. Operating expenses for the year were AUD 10,944 million. The bank's CET1 capital ratio stood at 12.5%, indicating a healthy capital position. Despite a 3% fall in annual profit, Westpac's profit beat estimates, buoyed by higher interest rates which improved margins. The board approved a final dividend of 76 AU cents per share and announced an additional buyback worth A$1 billion ($660 million).