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
EBITDA can be a powerful metric if you use it wisely. Here’s 2 key things you need to know
ASX investors will frequently hear companies talk about EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) as well as its…
What is short selling and can retail investors make a buck doing it?
Short sellers are one of the most mysterious, but most powerful actors in the markets. They have been known to…
Why is my stock going down even though it’s so good? Here’s 3 reasons why!
Why is my stock going down even though it’s so good? That’s a question many investors ask themselves. You could think…
Net Interest Margin: What is this important metric and which bank stocks have the highest?
Investors focused on the banking and financials sectors will commonly hear the term Net Interest Margin (NIM). In this article,…
Amazon (NDQ:AMZN) is a great company, but its not rising in 2024 for the reasons you might think
Amazon (NDQ:AMZN) … the Everything Store. That was the title of journalist Brad Stone’s biography of the company as well…
The Big Four Banks: Which is the best one for investors in 2024?
The so-called Big Four Banks on the ASX are among the ASX’s most prominent companies. They are capitalised at nearly…
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.