The latest result is unchanged when measured against the average outcome for the first two quarters of this fiscal year, but is down two per cent from the same quarter last year.
Statutory earnings for the three months to March 31 came in at $2.3 billion.
"The March quarter underlined the disciplined execution of the group's strategy, focused on our core banking franchises, which delivered continued volume growth, sound portfolio credit quality and ongoing support for our customers and communities," Chief Executive Matt Comyn said in a statement on Thursday.
Australia's top lender said there has been continued improvement in economic conditions as the impact of the pandemic fades and investment picks up as a consequence of higher government and consumer spending.
Its household and business deposits were up $8.5 billion and $2.2 billion respectively - rising at an above system rate, business lending grew at 1.5 times the system, while home lending growth was in line with peers.
Net interest income was two per cent lower as volume growth was offset by a lower margin due to a mix of higher swap rates, portfolio competition and ongoing competition in the home loan market.
CBA said loan impairments were lower in the quarter, while arrears outstanding over three months on personal loans, credit card borrowings and home loans have also remained low.
But the group is continuing to adopt a cautious approach to potential risks because of higher interest rates, inflationary pressures and supply-chain disruptions by maintaining total credit provisions of $5.7 billion.
The bank had a CET1 capital ratio of 11.1 per cent at March 31, a decrease of nine basis points in the quarter.
