BEN 0.50% $10.02 bendigo and adelaide bank limited

News: BEN boosts H1 profit & cash earnings

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    Australia’s fifth largest bank Bendigo and Adelaide Bank Limited (ASX:BEN) has boosted its profit and earnings in the first half of the 2015 financial year. 

    The regional lender’s statutory net profit gained 25.8 per cent to $227.3 million while its cash earnings rose 17.2 per cent to $217.9 million.  

    Managing Director Mike Hirst has described the result as solid and says it reflects the bank’s disciplined margin management and balance sheet growth.

    Looking ahead Mr Hirst says Bendigo and Adelaide Bank will continue to pursue opportunities emerging from the ever-changing financial services environment.  

    A fully franked interim dividend of 33 cents per share has been declared, up 2 cents from the year before.  
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