Bendigo Bank (ASX:BEN) share price touches 12-month high // The Motley Fool Australia

The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price closed its trading day at $11.28 this afternoon. That’s a 6.82% gain for the session and a fresh 12-month high.

Let’s look at the bank’s half-year results released yesterday and see what might have sent the Bendigo Bank share price sailing higher.

Bendigo Bank share price soars after strong results

In its announcement for the half-year ending 31 December 2020, Bendigo reported a 67.3% statuary net profit gain of $243.9 million. Total income growth popped 3.3% to $849 million, and cash earnings were up 1.9%, coming in at $219.7 million.

Management said growth in the bank’s lending portfolios and increased hedging revenue drove these achievements. 

Operating expenses…