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’s how to research stocks: A 3-step process investors can use
Here is our guide for investors looking how to research stocks. As equity analysts with extensive experience over several years…
Tesla v BYD shares: Here’s why BYD has overtaken Tesla, and its not (all) Elon Musk
The Tesla v BYD shares battle is looking pretty one-sided right now. It is easy to assert it is because…
Is Now the Right Time to Invest in Rural Funds Group (ASX: RFF)?
Rural Funds Group (ASX: RFF) is an intriguing investment option, particularly for those interested in Australia’s agricultural sector. With a…
Will Trump’s Tariffs Delay Interest Rate Cuts or Push the Economy Into Recession?
The global economic landscape is ever-evolving, and one of the most significant contributors to market shifts in recent years has…
Infomedia (ASX:IFM) is set to rebound strongly in FY25 with the worst of the Tech Wreck behind us
Infomedia (ASX:IFM) is one tech stock that was unfairly sold off during the tech-wreck, but is gradually rebounding with a…
The Rio Tinto shareholder vote on its London listing is coming up! Here’s what you need to know
A Rio Tinto shareholder vote is coming on whether it should scrap its London listing and just be listed on…
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.