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
Car Group (ASX:CAR): Successful in Australia, but now going for global growth
For most of the listed life of Car Group (ASX:CAR), it has been known after carsales.com.au; its original car classifieds…
Here are 6 ASX 200 stocks with low PE multiples – are they bargain buys?
Here are 6 ASX 200 stocks with low PE multiples Helia (ASX:HLA): 5.7x for FY25 Helia is a mortgage…
Top 3 AI Stocks to Invest in for Long-Term Growth
Artificial Intelligence is no longer a speculative technology of the future, it’s the defining driver of modern business. From predictive…
Should You Buy Tesla Shares Before April 2?
As the stock market continues to attract investors with fluctuating trends, one of the most frequently discussed companies is Tesla.…
The Australian Federal Budget 2025: Which Sectors Will Win and Which Will Lose?
The 2025 Federal Budget has been released, sparking conversations across boardrooms, households, and political circles. Described as a “budget for…
Here’s what you need to know about dual class shares and why the ASX still bans them in 2025
If you want to invest in the world’s biggest tech companies, you need to know about Dual class shares. Even…
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.