Bank Of Queensland announced released its 1H FY2022 results.

Bank Of Queensland Limited (ASX: BOQ) has released its half-yearly results and reported a 38% growth in the statutory net profit after tax to AU$212 million. Total income increased 1% to AU$831 million. Net Interest Income reduced to AU$741 million, down 2% from 1HFY2021. Non‐interest income increased 30% to AU$90 million, driven by various one-off revenue items comprising incentive income from an updated card services arrangement and a termination fee regarding a third-party insurance provider.

BOQ announced to pay an interim dividend of 22 cents per share on 26 May 2022. In the coming period, the Company expects to see NIM headwinds reducing and the continued benefits from its integration and productivity programs driving a cost reduction of at least 1%

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