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

$10.78

24 Feb
2026

-0.080

OPEN

$10.82

-0.74%

HIGH

$10.85

1,389,960

LOW

$10.73

TARGET
$10.67 -1.0% 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 82.6 xxx
DPS (cps) xxx 63.0 63.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 13.1 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx N/A 76.3% xxx

Dividend yield today if purchased 3 years ago: 6.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.83

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

17/02/2026

3

Neutral

$10.95

1.58%

Bendigo & Adelaide Bank's 1H26 result beat UBS on profit. Overall, in UBS' view this was a mixed result, with NIM improving on an improving deposit base and asset mix but lending down -1.9% half on half while costs rose 4.2% despite investment spend being down.

Looking ahead, the bank aims to align lending growth more closely with system growth, though this strategy may exert pressure on margins,.commentary suggests.

UBS revises projections to reflect the reduced loan growth and updated cost estimates related to addressing anti-money laundering compliance issues.

Neutral and $10.95 target retained. 

FORECAST
UBS forecasts a full year FY26 dividend of 63.00 cents and EPS of 82.00 cents.
UBS forecasts a full year FY27 dividend of 61.60 cents and EPS of 75.00 cents.

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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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

19/02/2026

3

Neutral

$11.00

2.04%

Bendigo & Adelaide Bank's 1H26 cash profit rose 3% half on half but was down -3% year on year, Jarden notes. Positive underlying business trends were evident with strong margin trajectory, but volume growth continues to trail system.

The bank is making sound operating progress and leading in IT and customer advocacy. Customers love it, but the regulator may not in the near term, Jarden warns.

Jarden sees two tightropes, firstly balancing the volume versus margin trade-off as the bank now seeks to grow and win back lost market share on both sides of the balance sheet, and secondly, capital is likely to be consumed by a fine and growth strain.

Neutral and an $11 target retained as the broker awaits further clarity on the breadth of the anti-money laundering issues and the pace of a return to system growth.

FORECAST
Jarden forecasts a full year FY26 dividend of 63.00 cents and EPS of 81.00 cents.
Jarden forecasts a full year FY27 dividend of 64.00 cents and EPS of 83.00 cents.
Access Extra Coverage Research History >

BEN STOCK CHART

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