Bendigo and Adelaide Bank Limited: 1H26 Performance Overview
Bendigo and Adelaide Bank Limited (ASX: BEN) reported interim cash earnings of AU$256.4 million for the half year ended 31 December 2025, representing a 3.3 per cent decline compared with the prior corresponding period. The softer result primarily reflected a contraction in lending balances during the half. Residential lending moderated, partly influenced by the Bank’s exit from its legacy mortgage partner channel, while agribusiness lending declined due to seasonal repayments.
Despite lower lending volumes, profitability was supported by a stronger funding profile. Growth in lower-cost deposits improved the overall deposit mix and contributed to a 4-basis point increase in net interest margin to 1.92 per cent. Customer deposits continued to expand, reinforcing balance sheet stability and funding resilience. Total income exceeded AU$1 billion for the period, while operating expenses increased modestly, reflecting technology investment and remediation-related costs. Directors have resolved to pay a 30-cent interim dividend per share, carrying full franking credits. Management remains focused on deposit-led growth, productivity initiatives, digital transformation, and strengthening risk management frameworks to enhance medium-term shareholder returns.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Bendigo and Adelaide Bank Limited: 1H26 Performance Overview
Bendigo and Adelaide Bank Limited (ASX: BEN) reported interim cash earnings of AU$256.4 million for the half year ended 31 December 2025, representing a 3.3 per cent decline compared with the prior corresponding period. The softer result primarily reflected a contraction in lending balances during the half. Residential lending moderated, partly influenced by the Bank’s exit from its legacy mortgage partner channel, while agribusiness lending declined due to seasonal repayments.
Despite lower lending volumes, profitability was supported by a stronger funding profile. Growth in lower-cost deposits improved the overall deposit mix and contributed to a 4-basis point increase in net interest margin to 1.92 per cent. Customer deposits continued to expand, reinforcing balance sheet stability and funding resilience. Total income exceeded AU$1 billion for the period, while operating expenses increased modestly, reflecting technology investment and remediation-related costs. Directors have resolved to pay a 30-cent interim dividend per share, carrying full franking credits. Management remains focused on deposit-led growth, productivity initiatives, digital transformation, and strengthening risk management frameworks to enhance medium-term shareholder returns.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au