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Bendigo and Adelaide Bank First Half 2023 Earnings: EPS: AU$0.44 (vs AU$0.58 in 1H 2022)

Bendigo and Adelaide Bank (ASX:BEN) First Half 2023 Results

Key Financial Results

  • Revenue: AU$902.2m (flat on 1H 2022).

  • Net income: AU$249.0m (down 23% from 1H 2022).

  • Profit margin: 28% (down from 36% in 1H 2022).

  • EPS: AU$0.44 (down from AU$0.58 in 1H 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bendigo and Adelaide Bank Earnings Insights

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Australia.

Performance of the Australian Banks industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

Be aware that Bendigo and Adelaide Bank is showing 3 warning signs in our investment analysis and 2 of those shouldn't be ignored...

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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