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Bendigo and Adelaide Bank Limited (ASX:BEN)

ALERT: Price-sensitive ASX Announcement for BEN
Current share price for BEN : $11.200 -0.25 (-2.18%)+
Announcement
Release
16 Feb 2026 8:20AM
Price at Release
$11.450
Full Release
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Summary
Bendigo and Adelaide Bank Limited reported its financial results for the half-year ending 31 December 2025, revealing cash earnings of $256.4 million, which is a 2.8% increase from the previous half, although a 3.3% decrease from the prior comparative period. The bank announced a statutory net profit after tax of $230.6 million and declared a fully franked interim dividend of 30 cents per share. The results highlight the progress in their deposit-led strategy to enhance sustainable loan growth, with significant achievements in digital transformation and cost reduction. The bank also concluded the final phase of its core banking simplification project and is set to acquire RACQ Bank's loan and deposit book by 1H27. Additionally, a substantial AML/CTF uplift program is underway, projected to cost $70 million to $90 million over three years. The bank maintains a strong balance sheet and capital position, supporting its strategy for growth and shareholder returns.
Key Points
  • Bendigo and Adelaide Bank Limited reported cash earnings of $256.4 million for the first half of the financial year 2026.
  • Statutory net profit after tax was $230.6 million.
  • Interim dividend of 30 cents per share declared, fully franked.
  • Focus on deposit-led strategy to drive sustainable loan growth.
  • Completion of Bendigo Lending Platform rollout and partnership with Google to enhance AI and cyber risk management.
  • Acquisition of RACQ Bank's loans and deposits book planned for 1H27.
  • AML/CTF uplift program with estimated costs of $70 million to $90 million over three years.
  • Productivity program in place to manage costs and drive innovation.
  • Balance sheet and capital position remain strong.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.