Heartland lifts 1H profit 7.8%, lifts dividends

Heartland's online-only mortgages were a highlight of the results. (Image: Getty)

Tue, 22 Feb 2022

Heartland group lifted first-half net profit by 7.8% as lending grew nearly 14% and operating costs fell, reflecting the benefits of ongoing digitalisation.The company, which owns Heartland Bank and a separate reverse mortgages business in Australia, reported a $47.5 million net profit for the six months ended December, up from $44.1m in the same six months a year earlier.As a result, the company lifted its first-half dividend by 1.5 cents to 5.5c per share.The company said the results exceeded its expectations, despite the challenging backdrop...

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