Business · Companies · 2 hrs ago
Bendigo and Adelaide Bank reports 18.5% rise in quarterly cash earnings
Bendigo and Adelaide Bank reported $112.7 million in cash earnings for the first quarter of FY27, up 18.5% from its average quarter in the second half of FY26.
The Australian bank’s statutory net profit fell 8.6% to $66 million compared with the previous quarter.
Customer deposits rose 4.8% on an annualised basis, led by a 13.3% annualised increase in term deposits.
But lending balances contracted 3.1% annualised, with residential loans down and business lending rising in part of the portfolio.
The bank’s net interest margin slipped to 1.94%, while operating expenses fell 5.8% against the prior half-year’s quarterly average.
It has also changed its reporting to include certain costs as notable items on a cash basis, making results easier to compare with peers.
Digital onboarding for business and agribusiness customers is expected in the second quarter of FY27, while management says it will continue monitoring loan quality and regulatory work.
Bendigo and Adelaide Bank reported unaudited first-quarter FY27 cash earnings of $112.7 million, up 18.5% from the average for the second half of FY26.
Customer deposits reached $74.3 billion, up 4.8% on an annualised basis, with term deposits rising 13.3%.
Statutory net profit after tax was $66.0 million, down 8.6% on the previous quarter.
The bank’s net interest margin was 1.94%, down 6 basis points from the fourth quarter of FY26.
Lending balances contracted 3.1% on an annualised basis, while operating expenses fell 5.8% from the second-half FY26 quarterly average.
- Who
- Bendigo and Adelaide Bank.
- What
- It reported unaudited cash earnings of $112.7 million for the quarter, up 18.5% from the second-half FY26 quarterly average.
- When
- First quarter of FY27; the article was published on October 18, 2026.
- Where
- Not stated.
- Why
- The article reports deposit growth driven by term deposits, but does not state a specific reason for the rise in cash earnings.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Cash earnings
- $112.7 million, up 18.5% from the 2H26 quarterly average
- Customer deposits
- $74.3 billion, up 4.8% annualised
- Term deposits
- Up 13.3% annualised
- Statutory net profit after tax
- $66.0 million, down 8.6% on last quarter
- Net interest margin
- 1.94%, down 6 basis points from 4Q26
What people are saying
Our balance sheet is strong and remains well positioned for future growth while addressing these regulatory matters.
We are also progressing the building of digital onboarding capability for our Business & Agribusiness sole trader customers, which we expect to release in 2Q27.