Japan Post Bank Co. Ltd. posted a consolidated net income attributable to owners of ¥78.35 billion, or ¥20.89 per share, for fiscal first quarter ended June 30.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the fiscal quarter was ¥17.47, with three analysts reporting.

Consolidated ordinary income for the period came to ¥470.51 billion, while net ordinary income totaled ¥106.67 billion. The bank did not disclose consolidated earnings figures for the prior-year period.

On a nonconsolidated basis, the bank reported a 12.5% year-over-year decline in net income to ¥78.21 billion from ¥89.38 billion.

Net interest income fell to ¥276.61 billion from ¥303.96 billion, while net fees and commissions climbed to ¥26.79 billion from ¥24.13 billion.

Gross operating profit dropped to ¥370.05 billion from ¥387.19 billion. Net operating profit declined to ¥106.63 billion from ¥124.19 billion.

As of the end of June, the bank's consolidated capital adequacy ratio stood at 17.03%, down from 17.43% at the end of March.

As of Aug. 9, US$1 was equivalent to ¥110.94.