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
Here are 4 awesome ASX retail stocks to buy in FY25 … and 4 to sell
Here are 4 ASX retail stocks to buy in FY25! Universal Store (ASX:UNI) Universal Store is most poised to…
Paladin Energy (ASX:PDN): This A$3.5bn uranium developer is set to benefit from the Surge Towards a Nuclear Future
Paladin Energy (ASX: PDN) is one of several uranium stocks that saw an upswing in 2023 – by over 50%…
Should I buy McDonalds shares (NYSE:MCD)? Here are 3 reasons why we’re McLoving it!
McDonalds (NYSE:MCD) really doesn’t need an introduction. It is the world’s largest and most famous restaurant chain. It typically benefits…
What does your company’s auditor do and here’s why you should care
Each and every ASX-listed company will have auditor. But what do they do? Why is it almost always one of…
BrainChip (ASX:BRN): An exciting AI stock with an immense opportunity ahead
BrainChip is one of just a very few AI stocks on ASX BrainChip (ASX:BRN) is one of a few companies…
Some say the Big 4 Banks are Too Expensive, but are they really?
‘The Big Four Banks are Too Expensive’, it is often asserted, both by retail investors and professional analysts alike. Australia’s…
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.