{"url":"https://newsforagent.com/news/2026-10-19/bendigo-adelaide-bank-cash-earnings-deposits","markdown_url":"https://newsforagent.com/news/2026-10-19/bendigo-adelaide-bank-cash-earnings-deposits.md","title":"Bendigo and Adelaide Bank posts $112.7 million quarterly cash earnings","headline":"Bendigo and Adelaide Bank reports $112.7 million cash earnings as deposits rise 4.8%","description":"Bendigo and Adelaide Bank reported $112.7 million in unaudited first-quarter cash earnings, up 18.5%, as customer deposits reached $74.3 billion.","section":"Earnings & Results","published_at":"2026-10-19T00:49:22+00:00","modified_at":"2026-10-19T00:49:22+00:00","author":"News Desk","key_takeaways":["Bendigo and Adelaide Bank reported unaudited cash earnings of $112.7 million for the quarter, up 18.5% versus the 2H26 quarterly average.","Customer deposits reached $74.3 billion, up 4.8% annualised, with term deposits rising 13.3% annualised.","Statutory net profit after tax was $66.0 million, down 8.6% on the prior quarter, and the net interest margin was 1.94%."],"companies":[{"name":"Bendigo and Adelaide Bank","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000c8hx/bendigo-and-adelaide-bank","website":"http://www.bendigoadelaide.com.au"}],"source":{"publisher":"EIN Presswire","title":"Bendigo and Adelaide Bank posts higher 1Q27 cash earnings on deposit growth","url":"https://www.einnews.com/article/950606458/live"},"other_sources":[],"tags":["Earnings & Results","Bendigo and Adelaide Bank"],"body_markdown":"[Bendigo and Adelaide Bank](https://akta.pro/company-profiles/000c8hx/bendigo-and-adelaide-bank) reported unaudited cash earnings of $112.7 million for the first quarter of fiscal 2027, up 18.5% from the 2H26 quarterly average, as customer deposits reached $74.3 billion. The ASX-listed regional bank disclosed the figures in a quarterly update covered by [EIN Presswire](https://www.einnews.com/article/950606458/live).\n\n## Bendigo and Adelaide Bank's Deposit Growth and Lending Split\n\nCustomer deposits rose 4.8% annualised, with term deposits climbing 13.3% annualised. Lower-cost deposits contracted and now make up just over half of all deposits. Lending balances fell 3.1% annualised, as residential loans declined 0.8% and business lending excluding Portfolio Funding rose 3.4% annualised.\n\nStatutory net profit after tax was $66.0 million, down 8.6% on the prior quarter. The net interest margin was 1.94%, down 6 basis points from 4Q26, and operating expenses fell 5.8% on the 2H26 quarterly average. Credit expenses were $6.8 million, reflecting small increases in business portfolio provisions.\n\nBendigo and Adelaide Bank updated its financial reporting disclosure to present on a cash basis with notable items included, bringing it in line with peers. Items previously reported as non-cash, including strategic partnership costs and one-off regulatory remediation, are now classified as notable items.\n\nManaging Director and CEO Richard Fennell said: \"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.\"\n\n## Bendigo and Adelaide Bank's Technology and Digital Records\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Bendigo and Adelaide Bank signed a seven-year IT outsourcing deal with Infosys and a six-year deal with Genpact in April 2026 as part of a technology operations restructuring, targeting A$65 million to A$75 million of annual savings by FY28 at A$85 million to A$95 million of upfront transition cost. The same records show a May 2026 product launch of a virtual banking team to extend digital servicing capacity alongside the Up app and a fully digital home loan application process built with Tiimely.\n\n## Regulatory Penalties and Prior Results\n\nIn August 2026, the Australian Prudential Regulation Authority ordered Bendigo and Adelaide Bank to spend $70 million over three years to fix significant deficiencies in its non-financial risk management framework, The Australian reported. APRA also imposed licence conditions on the bank over pervasive weaknesses in that framework, according to Fxnewsgroup. The bank reported preliminary full-year cash profit of A$530.2 million, exceeding the estimated A$516 million, AInvest reported.\n\n## Bendigo and Adelaide Bank's Digital Onboarding Release\n\nBendigo and Adelaide Bank plans to release digital onboarding capability for Business & Agribusiness sole trader customers in 2Q27, Fennell said. The bank said it is keeping a close eye on loan quality and cost-of-living pressures for customers.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}