Bendigo and Adelaide Bank releases FY2022 results NPAT declined 6.9%

Bendigo and Adelaide Bank Limited (ASX: BEN) has released its full year results for period ended 30 June 2022.

• Statutory net profit after tax was down 6.9% to AU$488.1 million.
• Cash earnings after tax was up 9.4% to AU$500.4 million.
• Net interest margin declined 1.74%. It was down 21 basis points.
• Total income on a cash basis increased marginally by 0.4% to AU$1,709.9 million.
• Credit expenses declined significantly.
• Cash EPS was up 4.9% to 89.8 cents per share.
• The Company declared a fully franked dividend of 53 cents per share, up 6% compared to the previous corresponding period.
• Residential lending growth improved 11%.

At AEST 11:45 AM, BEN shares are trading at AU$9.900, down 8.163% from the previous close.

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