Own Westpac shares? Here’s when the ASX 200 bank will release its FY22 earnings

It’s a big week for S&P/ASX 200 Index (ASX: XJO) bank shares as industry giants Commonwealth Bank of Australia (ASX: CBA) and National Australia Bank Ltd (ASX: NAB) throw their hats into the earnings season ring. But big four bank share Westpac Banking Corp (ASX: WBC) appears to have been left in the dark.

Indeed, the company doesn’t appear on this year’s earnings season calendar at all.

So, when will the market learn how the bank performed over financial year 2022? Keep reading to find out.

When will Westpac drop its FY22 earnings?

NAB released its earnings for the June quarter on Tuesday and CBA has dropped its full-year earnings this morning.

But owners of Westpac shares still have a while to wait before they learn of their investment’s performance.

In fact, Westpac hasn’t even emerged from financial year 2022 yet.

It operates on a fiscal year ending 30 September, meaning it won’t surpass the annual milestone for another seven weeks.

After which, it will spend time collating its full-year performance. It’s expected to release its financial year earnings on 7 November.

Though, it’s not all bad news for excited fans of the third biggest big four bank. Those invested in Westpac shares have something to look forward to this month.

The bank is set to drop its June Pillar 3 on Monday — the public disclosure of risk and capital management information required by the Basel Committee on Banking Supervision’s regulatory capital and liquidity management framework.

While it may not contain much in the way of earnings, the report will look into the bank’s asset and credit quality.

Westpac share price snapshot

The Westpac share price is outperforming the ASX 200 so far this year.

The stock has gained 1% since market open on 4 January 2022, while the index has slumped 7.8%.

Though, looking longer-term reveals a different picture. Westpac’s stock has plunged 14.4% since this time last year, while the ASX 200 has again fallen 7.5%.  

The post Own Westpac shares? Here’s when the ASX 200 bank will release its FY22 earnings appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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