Bendigo and Adelaide Bank profit, income and earnings rise

Company News

by Jessica Amir

Bendigo and Adelaide Bank (ASX:BEN) reported its statutory profit grew 11 per cent in the six months to 31 December 2017, compared to the same time last year, hitting $232 million.

Its underlying cash earnings also rose about 11 per cent to $225 million.

Income from operations rose 6 per cent over the same period to $843 million.

The company declared an interim dividend of 35 cents per share fully franked, payable on 29 March 2018.

Shares in Bendigo and Adelaide Bank (ASX:BEN) are trading 0.27 per cent lower to $11.20
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.