BENDIGO & ADELAIDE BANK LIMITED (BEN)
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BEN

BEN - BENDIGO & ADELAIDE BANK LIMITED

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Bendigo & Adelaide Bank is an Australian financial institution primarily focussed on retail banking. It is Australia's fifth largest retail bank. Bendigo Bank was first listed in 1985 and merged with Adelaide Bank in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.35

14 Apr
2026

0.040

OPEN

$11.43

0.35%

HIGH

$11.44

1,437,062

LOW

$11.27

TARGET
$10.67 -6.0% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
BEN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 17.2 83.8 xxx
DPS (cps) xxx 63.0 63.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 0.4% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx N/A 75.5% xxx

Dividend yield today if purchased 3 years ago: 7.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.63

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 02/09 - ex-div 6.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-17.2
DPS All xxxxxxxxxxxxxxx63.0
Sales/Revenue xxxxxxxxxxxxxxx5,241.5 M
Book Value Per Share xxxxxxxxxxxxxxx1,183.0
Net Operating Cash Flow xxxxxxxxxxxxxxx143.5 M
Net Profit Margin xxxxxxxxxxxxxxx-1.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-1.42 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.65 %
Return on Assets xxxxxxxxxxxxxxx-0.10 %
Return on Equity xxxxxxxxxxxxxxx-1.42 %
Return on Total Capital xxxxxxxxxxxxxxx3.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-231.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx3,881 M
Long Term Debt xxxxxxxxxxxxxxx7,772 M
Total Debt xxxxxxxxxxxxxxx11,653 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx907 M
Price To Book Value xxxxxxxxxxxxxxx1.07

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx18.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx418 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx13,069 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

10/04/2026

5

Underperform

$9.75

-14.10%

Bendigo & Adelaide Bank announced a 3Q26 trading update which came in some 8% above consensus, Macquarie notes, due to pre-provision earnings which were better than anticipated on lower expenses, down -4%. Some of the latter was attributed to lay-offs.

Revenue was basically in line with expectations. Management also announced two strategic partnerships with Infosys and Genpact, which are flagged to generate between $65m-$75m of cost savings from FY28.

A circa $20m cost restructuring charge is now anticipated for 2H26 and FY27 costs are estimated to rise by an additional circa $70m on restructuring charges.

No change to Underperform rating. Target slips to $9.75 from $10, with EPS forecasts tweaked higher for FY26 and slightly down by -3% for FY27.

FORECAST
Macquarie forecasts a full year FY26 dividend of 63.00 cents and EPS of 83.80 cents.
Macquarie forecasts a full year FY27 dividend of 63.00 cents and EPS of 79.10 cents.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

13/04/2026

3

Neutral

$11.00

-3.08%

Jarden maintains a Neutral rating on Bendigo & Adelaide Bank with a $11.00 target price after the bank released its third-quarter trading update and announced new strategic partnerships.

The broker observes a positive margin trajectory continues, with the net interest margin increasing 6bps to 1.98%, though this remains balanced against slow volume momentum.

To drive the second phase of its productivity program, the bank has entered partnerships with Infosys and Genpact, which the broker expects to deliver an annual run-rate expense benefit of $65-75m by 2028.

While these changes result in near-term transition costs of -$85-95m, the broker suggests the long-term process optimisation should support stronger risk management.

Financial forecasts for cash earnings have been adjusted by 4% in 2026 and -12% in 2027 to reflect the better margin outlook and the timing of transition expenses.

FORECAST
Jarden forecasts a full year FY26 dividend of 63.00 cents and EPS of 84.20 cents.
Jarden forecasts a full year FY27 dividend of 64.00 cents and EPS of 73.20 cents.
Access Extra Coverage Research History >

BEN STOCK CHART

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