Australia · Delayed Price · Currency is AUD Bendigo and Adelaide Bank Earnings Call Transcripts
Fiscal Year 2026
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Half-year results showed improved cash earnings, strong digital growth, and disciplined cost management, with a focus on lower-cost deposits and digital transformation. AML/CTF remediation and regulatory actions are underway, while capital and liquidity remain robust.
Fiscal Year 2025
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Core banking consolidation and digital innovation have driven strong deposit and customer growth, with Up Bank reaching profitability and the RACQ acquisition set to boost ROE and EPS. A comprehensive AML remediation program is underway, and cost growth is targeted at or below inflation through productivity and technology initiatives.
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The AGM covered financial results, board updates, and strategic plans, including a full dividend and continued investment in digital and face-to-face services. Shareholders approved key resolutions, and customer service improvements remain a focus.
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Full year cash earnings declined 8.4% year-on-year, but margin management and digital investments stabilized performance. Deposit growth, productivity, and a refreshed strategy underpin a 10%+ ROE target by 2030, despite ongoing margin and regulatory headwinds.
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Record balance sheet growth was achieved, but cash earnings and statutory profit declined due to higher funding costs and investment spend. Residential lending outpaced the system, digital channels expanded rapidly, and capital ratios remain strong, though margin pressures and competition persist.
Fiscal Year 2024
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Statutory NPAT rose 9.7% to AUD 545m, while cash earnings fell 2.6% amid a competitive mortgage market. Digital and broker channels drove above-system growth, with strong capital and deposit metrics supporting future investment.