Bank of Queensland Limited (ASX:BOQ)

ALERT: Price-sensitive ASX Announcement for BOQ

Current share price for BOQ : $6.730 -0.54 (-7.43%)⁺

Announcement

Half Year Results Announcement

Release

22 Apr 2026 8:32AM

Price at Release

$7.270

Full Release

Summary

Bank of Queensland Limited (BOQ) reported a statutory net profit after tax (NPAT) of $136 million for the half year ended 28 February 2026, marking a 20% decrease compared to the previous half year. Cash earnings after tax were $176 million, down 4% on the prior year. Total income increased by 5% due to revenue uplift from branch conversion, although average interest earning assets contracted as the balance sheet shifted towards higher-returning segments. The net interest margin was 1.67%, slightly down from the previous half. The cost-to-income ratio rose to 66.5%. BOQ announced a fully franked interim dividend of 20 cents per share, reflecting a payout ratio of 75% of cash earnings. The common equity tier 1 (CET1) ratio improved to 11.18%, above the management target range. The report highlights BOQ's strong focus on digital transformation, with significant progress in digital banking and mortgage solutions. Despite challenges such as elevated inflation and competitive conditions, BOQ anticipates continued growth in commercial lending and is preparing for home lending growth from FY27.

Key Points

Statutory NPAT of $136 million, a decrease of 20% on 1H25.
Cash earnings after tax of $176 million, down 4% on 1H25.
Total income of $832 million, up 5% on 1H25.
Net interest margin was 1.67%, down 3 basis points on 2H25.
Cost-to-income ratio of 66.5%, an increase of 90 basis points on 1H25.
Fully franked interim dividend of 20 cents per share, payout ratio 75%.
CET1 ratio increased to 11.18%, above the management target range.
Digital banking transformation with 72% of active retail customers on the digital bank.
Strong deposit gathering with 87% of new retail deposits through the digital platform.
BOQ anticipates continued growth in commercial lending with a focus on target segments.

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.