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Bendigo and Adelaide Bank Limited (ASX:BEN)

ALERT: Price-sensitive ASX Announcement for BEN
Current share price for BEN : $10.460 -0.03 (-0.29%)+
Announcement
Release
24 Aug 2026 8:17AM
Price at Release
$10.490
Full Release
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Summary
Bendigo and Adelaide Bank Limited reported strong financial performance for the year ending 30 June 2026, with cash earnings of $530.2 million and a statutory net profit after tax of $375.1 million. The bank experienced growth in cash earnings and determined to pay a fully franked final dividend of 33 cents per share. Significant progress was made in digital transformation and productivity through strategic partnerships and technology enhancements. The acquisition of RACQ Bank's assets is progressing, and the bank is committed to improving risk management and delivering an ROE above 10% by 2030.
Key Points
  • Reported cash earnings of $530.2 million and statutory net profit after tax of $375.1 million for FY26.
  • Cash earnings increased by 3.0% over the year and 6.8% over the half.
  • Determined to pay a fully franked final dividend of 33 cents per share.
  • Driven quality deposit growth and regained lending momentum in residential lending.
  • Advanced digital transformation with in-app customer onboarding and Bendigo Lending Platform.
  • Commenced second phase of Productivity Program with Infosys and Genpact partnerships.
  • Completed multi-year core banking consolidation for technology simplification.
  • Partnership with Google enhanced AI and cybersecurity capabilities.
  • Acquisition of RACQ Bank's loan and deposit books on track for completion in 1H27.
  • Financial Crime Transformation Program commenced for AML/CTF risk management.
  • Commitment to deliver an ROE above 10% by 2030.
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.