Bendigo and Adelaide Bank Ltd

BEN: XASX (AUS)

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Bendigo and Adelaide Bank Earnings: Shrinking to Protect Margins, but Building for Growth

Nathan Zaia

Feb 16, 2026

Bendigo and Adelaide Bank's first-half fiscal 2026 NPAT fell 3% to AUD 256 million, with modest loan growth and net interest margin improvement outpaced by 6% higher operating costs. In addition to inflationary cost pressure, the bank is investing in a technology rebuild to cut costs and grow.

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Bendigo and Adelaide Bank Ltd

Bendigo and Adelaide Bank Earnings: Shrinking to Protect Margins, but Building for Growth

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