Bendigo and Adelaide Bank Limited has announced the appointment of Robert Hubbard as a non-executive director. Mr. Hubbard has more than 20 years' experience in accounting, corporate finance, assurance and audit as a partner at PriceWaterhouseCoopers in Brisbane. In recent years Robert has been the lead auditor on several major ASX companies. Mr. Hubbard will be a member of the audit and risk committees.

Bendigo and Adelaide Bank Limited announced consolidated earnings results for the six months ended December 31, 2012. For the period, the company reported after tax statutory profit of AUD 189.4 million compared to AUD 57.9 million a year ago. Underlying cash earnings were AUD 169.7 million, an increase of 4.4% on the prior corresponding period. Cash EPS was 41.9 cents compared to 43.9 cents a year ago. Cash basis earnings return on average tangible equity was 13.4%. Net interest income was AUD 504.9 million compared to AUD 475.1 million reported a year ago. Profit before income tax expense and specific items was AUD 228.6 million compared to AUD 224.3 million reported a year ago. Profit before income tax expense was AUD 254.4 million compared to AUD 122.9 million reported a year ago. Profit after income tax expense attributable to members of the parent was AUD 189.4 million or 40.9 cents per diluted share compared to AUD 57.9 million or 14.4 cents per diluted share reported a year ago. Net cash flows used in operating activities was AUD 158.9 million compared to AUD 57 million reported a year ago. Cash paid for purchases of property, plant and equipment was AUD 9.2 million compared to AUD 5.0 million reported a year ago. Cash paid for purchases of intangible assets was AUD 3.1 million compared to AUD 7.2 million reported a year ago. Return on average ordinary equity was 9.19% compared to 2.81% reported a year ago. The company directors have announced an interim dividend of 30 cents per share (fully franked), which is flat on the prior corresponding period. The company will pay dividend on March 28, 2013 with the record date of February 26, 2013.

Bendigo and Adelaide Bank Limited, H1 2013 Earnings Call, Feb 18, 2013