The half year result, which is the first since the 30 November 2007 merger with Adelaide Bank Limited, is a 34.1% improvement on the prior corresponding period. The result includes six months of Bendigo Bank accounts and one month of Adelaide Bank.
The bank’s cash earnings per share increased by 10.3%, while the interim dividend increased by four cents to 28 cents per share.
Rob Hunt, managing director of Bendigo Bank, said the result demonstrated the bank’s ability to achieve solid growth at profitable prices despite current market conditions.
