Australia's second-biggest bank has posted a better-than-expected earnings result, raking in more than $5 billion in a year, but its shares have slipped.
Westpac made $5.7b in net profit for the 12 months to September 30, up four per cent from the year before, the bank announced on Monday.
But revenue was down two per cent to $19.9b and cash earnings - the banking industry's preferred measure of operational strength because it strips out volatile and one-off items - fell one per cent to $5.3b
