Bendigo and Adelaide Bank (ASX:BEN) recently updated its stakeholders on the impact of certain one-off items on the bank’s financial results for FY23.

The announcement included topics such as impairment of certain software intangible assets and additional non-cash restructuring costs.

The changes are projected to result in a non-cash expense of A$60.8 million post tax, which will be recorded in the group’s FY23 profit result.

Bendigo and Adelaide Bank specializes in providing a range of banking and other financial services.