Bendigo and Adelaide Bank announced its 2024 interim financial results, highlighting a statutory net profit after tax of $282.3 million, up 13.8% from the previous half-year.
Cash earnings were $268.2 million, down 5.0%, reflecting prudent management amidst a challenging environment.
The bank reported a net interest margin of 1.83%, down 15 basis points, and a slight decrease in residential lending.
Customer deposits grew by 3.5% to $68.4 billion. A dividend of 30 cents per share was declared, up 3.4% year-on-year.
This announcement is a summary of the company approved ASX announcement on 19/2/2024 and is based on facts.