17/04/2025 09:29

Bank of Queensland (BOQ) $6.86

BOQ delivered an undoubtedly strong result on Wednesday, especially with net interest margins (NIM) remaining robust. However, it doesn’t screen as favourably compared to the majors, paying a lower yield than ANZ and Westpac, our preferred picks.

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16/04/2025 17:36

Bank of Queensland (BOQ) $6.86

BOQ +5.54%: Reported strong 1H25 earnings this morning highlighting solid execution in reducing costs through productivity with net interest margins remaining robust.

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18/02/2025 09:27

Bank of Queensland Ltd (BOQ) $6.97

BOQ had underperformed BEN over the last year before Monday's dramatic unwind, which probably worked in its favour. The QLD regional bank only slipped 1.1%, leaving it largely unscathed from BEN’s report.

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16/10/2024 17:05

Bank of QLD (BOQ) $6.68

BOQ +6.54%: best day in a few years for BOQ producing a 6.5% beat to consensus for underlying cash profit largely due to stabilized net interest margins as well as an improvement in the business banking division.

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23/08/2024 09:23

Bank of Queensland (BOQ) $5.95

BOQ is attempting to reinvent the wheel before it is too late as it looks to unwind its franchise model, which has been in place for over 20 years, with over 8% of staff set to lose their jobs. The combination of online banking and margin compression has weighed on the QLD business, which is way behind its bigger rivals from a technological perspective. Mergers such as ANZ’s purchase of Suncorp’s bank have left the smaller BOQ even further out in the cold, and perhaps BOQ is trying to present a leaner picture for a potential suitor or partner moving forward.

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18/07/2024 09:50

Bank of Queensland (BOQ) v Commonwealth Bank (CBA)

The relative performance across the ASX Banking Sector has been significant, even in 2024, when they at least all travelled in the same direction. For example, year-to-date, Commonwealth Bank (CBA) has rallied +19.2% while the Bank of Queensland (BOQ) has edged up just +2.9%.

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04/06/2024 09:06

Bank of Queensland Ltd (BOQ) $5.95

BOQ bounced +3.5% on Monday, making it by far the best-performing bank on the day. However, despite delivering a better-than-expected earnings report in late April, the regional bank remains in the shadow of the “Big Four,” and abandoning the larger peers seems to be contrarian for the sake of it. The future headwinds for BOQ are clear, most notably declining Net Interest Margins, rising operating costs and their questionable ability to compete against the majors as technology becomes an ever important aspect in banking.

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23/04/2024 09:05

Bank of Queensland (Ltd (BOQ) $6.10

BOQ delivered a better-than-expected earnings report last week, although the regionals remain in the shadow of the “Big Four.” Cash earnings of $172m were around 5% ahead of consensus, driven largely by beats on bad debts, costs, and the Net Interest Margin (NIM), which fell less than expected to 155bps. This is a good sign for the regional banks, but not good enough for us to consider BOQ.

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17/04/2024 16:50

Bank of Qld (BOQ) $6.10

BOQ +5.17%: 1H results for the regional bank today caused a strong bounce in the share price, though the numbers still showed signs the smaller banks are struggling to compete with the Big 4. Cash earnings of $172m were around 5% ahead of consensus, driven largely by beats on bad debts, costs and the Net Interest Margin (NIM) which fell less than expected to 155bps.

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27/10/2023 09:04

Bank of Queensland (BOQ) $5.22

BOQ has almost halved from its 2021, leaving many yield-hungry investors licking their wounds, although they did enjoy a 21c fully franked yesterday, the primary reason the stock posted a fresh 12-month low on Thursday. BOQ is interesting under $5.25 and while their lack of scale concerns us, deep value is starting to present itself with the bank close to its trough valuation multiples.

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