Bendigo Bank reports Q1 FY27 cash earnings increase
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- Bendigo Bank recorded an 18.5% rise in first-quarter cash earnings to $112.7 million.
- The bank's statutory net profit fell 8.6% to $66.0 million during the quarter.
- Growth was driven by strong expansion in customer deposits and residential lending.
Bendigo Bank (ASX:BEN) achieved an 18.5% increase in first-quarter cash earnings after tax to $112.7 million.
The quarterly outcome showed a strong improvement over the second-half FY26 quarterly average of $95.1 million.
Statutory net profit after tax declined 8.6% to $66 million compared to the second-half FY26 quarterly average of $72.2 million.
Following the announcement, the Bendigo Bank share price was down at $10.55.
The bank reported the net interest margin decreased by 6 basis points to 1.94% relative to the fourth quarter of FY26.
Total residential lending stood at $66.2 billion with annualised quarterly growth of 0.8%.
