Bendigo Bank reports Q1 FY27 cash earnings increase

Full story: https://grafa.com/en/news/australia/bendigo-bank-reports-q1-fy27-cash-earnings-increase

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%.

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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. 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