Bendigo & Adelaide Bank Ltd. ( (BXRBF) ) has released its Q4 earnings. Here is a breakdown of the information Bendigo & Adelaide Bank Ltd. presented to its investors.
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Bendigo & Adelaide Bank Ltd., an ASX 100 company headquartered in regional Australia, provides banking and financial services with a focus on community impact through its unique Community Bank model. The bank’s latest earnings report highlights a challenging year with a reported loss of $97.1 million, primarily due to a $539.5 million impairment of goodwill. Despite this, the bank saw a strong 11% growth in customer numbers, reaching 2.9 million, and reported cash earnings of $514.6 million with a net interest margin of 1.88%. The bank continues to focus on its 2030 strategy, which includes digital transformation, simplification, and deepening customer relationships. Looking forward, Bendigo & Adelaide Bank remains committed to its strategic pillars and aims to leverage its unique strengths to drive sustainable growth and community prosperity.