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Company News Summary

Bendigo and Adelaide Bank Announces Results for the Full Year Ended 30 June 2021

16 Aug 2021  |  08:30:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 Results announcement

Bendigo and Adelaide Bank provided full year results for the year ended 30 June 2021. It reported Statutory net profit of $524.0m, up 172%, Cash earnings after tax of $457.2m, up 51.5% and Net interest margin: 2.26%, down 7 basis points (bps). Operating expenses were $1,027.4m, up 0.6% on the prior year, driven by increased investment in transformation.

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