At Bendigo and Adelaide Bank's 2021 Annual General Meeting, shareholders were told the bank is well-capitalised, with a robust and resilient balance sheet.

Cash earnings after tax increased 51.5 per cent from last year to just over A$457 million and total income on a cash basis increased 4.5 per cent on the prior corresponding period to more than $1.7 billion, while the bank also continued to generate above system lending growth and hold costs relatively flat.

Managing director Marnie Baker told the bank’s shareholders that the recent acquisition of Melbourne-based fintech company, Ferocia, will allow the organisation to further accelerate its digital strategy.

In a first this year, BEN published its annual sustainability report to provide transparency, measurement, and accountability to its various stakeholders, "aligning [BEN's] climate-related financial disclosures with the TCFD framework," said chair, Jacqueline Hey.

Bendigo and Adelaide Bank’s 2021 AGM re-elected Vicki Carter as a director of the Board, and elected Richard Deutsch as a new director of the Board. All other resolutions, including the remuneration report were carried with well over 90 per cent support from shareholders.