Bendigo and Adelaide Bank Ltd (ASX: BEN) Share Price and News
Introduction to Bendigo and Adelaide Bank (ASX:BEN)
Bendigo and Adelaide Bank is a banking and financial institution on the ASX. The company is headquartered in Bendigo, Victoria, this financial powerhouse serves over 2.4 million customers and employs around 7,000 staff.
Bendigo and Adelaide Bank Company History
Bendigo and Adelaide Bank, is a merger product of Bendigo Bank and Adelaide Bank in 2007. The former began in 1858 in response to the Bendigo goldrush to serve migrants who moved there to prospect for gold. The latter was founded in 1877 as the Hindmarsh Building Society.
The pair merged in 2007 in a deal worth over $4bn. The idea was that the two would be better together with Adelaide Bank a specialist wholesale finance provider and Bendigo a pre-eminent retail bank in regional areas such as Bendigo.
Future Outlook of Bendigo and Adelaide Bank Ltd (ASX: BEN)
Bendigo faces a mixed future. It is ahead of its peers in many respects including its reputation and its digital home loan platform (Tiimely). On the other hand, it faces significant competition from the Big Four and non-financial lenders.
The tailwinds have been more prominent in recent months. Its FY24 profit, $562m, was 2.6% lower than in FY23. And in February 2025, it fell 17% in a day when it warned that margins had fallen because the money it raised in wholesale markets was more expensive.
Although its 1H25 profit was only 1.1% lower than 12 months ago, it was 10% lower than the previous 6 month period. The company copped scruitany from the ASX and analysts as to when it was aware that the results would be worse than it had guided to and when it should've told investors.
With this hit to its reputation, and the hit to the market over Trump's tariffs, this company has a lot of work to do in order to rebuild itself in the eyes of the investment community.
Is Bendigo and Adelaide Bank a Good Stock to Buy?
Not at the moment. We think investors wanting exposure to the growth in lending should consider one of the Big Four Banks instead.
Our Stock Analysis
Carbon neutral investing: Here’s what curious investors need to know and which stocks they might easily consider
As the world seeks to reduce carbon emissions, carbon neutral investing might be a strategy for investors to consider. But…
Best Nifty Stocks to Buy in June 2024
As we step into June 2024, the Indian stock market is truly a hotspot for investors looking to make their…
Nifty Prediction Before Election Results 2024: What to Expect on June 4
The buzz among market analysts is palpable as exit polls signal yet another win for Prime Minister Narendra Modi in…
Modi Stocks: Here are the best stocks to buy after the Indian election in 2024
Let’s take a look at so-called Modi stocks; in other words, stocks to buy after the Indian election. India may…
Director Trades: Are they a good or bad sign? Here’s what investors should read into them
Director trades – either purchases or sales – are taken by investors as a sign of confidence (or a lack…
Oracle Corporation (NYSE:ORCL): Its 50% more valuable than Adobe and double IBM! Why the high price tag?
Oracle Corporation (NYSE:OCL) is one of the world’s largest software companies. Capped at $340.1bn, it is not one of the…
Frequently Asked Questions
Bendigo and Adelaide Bank is renowned for its customer-centric approach and strong community engagement. It stands out in the Australian banking sector for its mutual structure, ensuring profits benefit both the bank and its communities.