Bendigo and Adelaide Bank Ltd (ASX:BEN) on Monday reported a full year profit for the 12 months ending 30th June 2018 of $434.5 million, up 1.1 per cent on the same period a year earlier.
On a per-share basis, the company said it had a profit of 92.1 cents. This compares with a profit of 88.5 cents per share in the corresponding period last year. The company declared a fully franked final dividend for the period of 35.5 cents per share, an increase of 1 cent.
Managing Director Marnie Baker said the results demonstrate the long-held commitment to customers which has led to independent recognition as Australia’s most trusted bank. The results set a strong foundation for the Bank’s refreshed vision to be Australia’s bank of choice
In Monday morning trade, Bendigo and Adelaide Bank Ltd shares gained 2 cents or 0.2 per cent to $11.45.
The Bendigo and Adelaide Bank Ltd share price has fallen 1.8 per cent since the beginning of the year, while the S&P/ASX 200 Index has gained roughly 3.6 per cent.