Bendigo Bank (ASX: BEN) $10.45
BEN –0.38%: The regional bank's FY26 result landed broadly where the market expected, with improving margins and deposit funding helping cash earnings grind higher.
Bendigo Bank (BEN)
BEN $10.78
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Performance
Advanced charting functionality with the ability to amend timeframes, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 10.78
- Change
- ▲ 0.06 (0.56)
- Bid / Ask
- 10.77 - 10.80
- Volume
- 1,162,311
- Turnover
- 12,544,099
- Open
- 10.72
- Day Range
- 10.72 - 10.87
- VWAP
- 10.79
- Prev Close
- 10.72
- Last Trade
- 30/10 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Financial Services
- Shares Issued
- 582,300,043
- NTA/Share
- 9.19
- Last Dividend
- 0.33
- Dividend Ex Date
- 1 SEP 2026
- Dividend Pay Date
- 30 SEP 2026
Current (AUD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 1,979.40
- EBITDA
- —
- Profit
- 375.10
- Earnings Per Share (EPS)
- 0.63
- Dividend Per Share (DPS)
- 0.63
- Yield %
- 5.84
- Market Cap
- 6,221.67
- Price to Earnings Ratio (P/E)
- 17.19
Estimates (AUD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- —
- EBITDA
- —
- Profit
- —
- Earnings Per Share (EPS)
- 0.88
- Dividend Per Share (DPS)
- 0.63
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- High
Morningstar Quantitative Rating as of 29 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 9.82 Fair value 11.86 One-star price 14.32
Morningstar Quantitative Rating as of 29 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 11.86
- Price / Fair Value
- 0.90
- Valuation
- Undervalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 29 OCT 2026. The slider runs from the five-star price (9.82) to the one-star price (14.32).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 10.78 |
| Price - 12 month high | 13.11 |
| Price - 12 month low | 9.81 |
| Pricing date | 29 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 2.07 |
| Market capitalization | 6,221.67 |
| 12 Month High price date | 7 NOV 2025 |
| 12 Month Low price date | 13 MAR 2026 |
| Volume - avg. trading volume for the last 3 months | 1.68 |
| Price - 1 Day % Change | 0.56% |
| Price - 13 week price percent change | -4.43% |
| Price - 26 week price percent change | 1.60% |
| Price - 5 Day % Change | 4.66% |
| Price - 52 week price percent change | -15.32% |
| Price - YTD price percent change | 2.47% |
| Price % Change Month To Date | 4.66% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 0.627 |
| EPS excluding extraordinary items - trailing 12 month | 0.627 |
| EPS Normalized - most recent fiscal year | 0.823 |
| Revenue/share - most recent fiscal year | 3.072 |
| Revenue/share - trailing 12 month | 3.072 |
| Book value per share - most recent fiscal year | 11.669 |
| Book value per share - most recent half-year | 11.669 |
| Book value (tangible) per share - most recent fiscal year | 9.194 |
| Book value (tangible) per share - most recent half-year | 9.194 |
| Cash per share - most recent fiscal year | 2.730 |
| Cash per share - most recent half-year | 2.730 |
| Cash Flow per share - most recent fiscal year | 1.400 |
| Cash Flow per share - trailing 12 month | 1.400 |
| Dividend per share - most recent fiscal year | 0.630 |
| Dividends per share - trailing 12 month | 0.630 |
| EBITD per share - trailing 12 month | — |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.659 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.659 |
| EPS including extraordinary items - most recent fiscal year | 0.659 |
| EPS including extraordinary items - trailing 12 month | 0.659 |
| Free Cash Flow per share - trailing 12 month | 1.354 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 17.19 |
| P/E Normalized, most recent fiscal year | 13.10 |
| Price to sales - most recent fiscal year | 3.51 |
| Price to Tangible Book - most fiscal year | 1.17 |
| Price to Free Cash Flow per Share - most recent fiscal year | 7.96 |
| Price to Cash Flow per share - trailing 12 month | 7.70 |
| Price to Book - most recent fiscal year | 0.92 |
| P/E excluding extraordinary items high, trailing 12 months | 17.30 |
| P/E excluding extraordinary items low, trailing 12 months | 16.01 |
| Net Debt, LFI | 90,916.80 |
| Net Debt, LFY | 95,105.80 |
| Dividend Yield - 5 Year Average | 5.70% |
| Dividend Yield - indicated annual dividend divided by closing price | 6.02% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 5.84% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 872.80 |
| LT debt/equity - most recent fiscal year | — |
| Payout ratio - most recent fiscal year | 100.48% |
| Total debt/total equity - most recent fiscal year | 1,435.61% |
| LT debt/equity - most recent half-year | — |
| Total debt/total equity - most recent half-year | 1,409.51% |
| Free Cash Flow - trailing 12 month | 872.80 |
| Payout ratio - trailing 12 month | 100.48% |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 1,979.40 |
| Revenue - trailing 12 month | 1,979.40 |
| EBITD - most recent fiscal year | — |
| EBITD - trailing 12 month | — |
| Earnings before taxes - most recent fiscal year | 554.90 |
| Earnings before taxes - trailing 12 month | 554.90 |
| Net Income available to common - most recent fiscal year | 375.10 |
| Net Income available to common - trailing 12 months | 375.10 |
| Earnings before taxes Normalized - most recent fiscal year | 635.80 |
| Net Income Available to Common, Normalized - most recent fiscal year | 530.20 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.82 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 18.95% |
| Net Profit Margin % - trailing 12 month | 18.95% |
| Operating margin - 1st historical fiscal year | — |
| Operating margin - trailing 12 month | — |
| Pretax margin - trailing 12 month | 28.03% |
| Pretax margin - 1st historical fiscal year | 28.03% |
| Operating Margin - 5 year average | — |
| Pretax Margin - 5 year average | 30.64% |
| Free Operating Cash Flow/Revenue, 5 Year Average | -2.24% |
| Free Operating Cash Flow/Revenue, TTM | 44.09% |
| Net Profit Margin - 5 year average | 19.26% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 0.36% |
| Return on average assets - trailing 12 month | 0.36% |
| Return on average equity - most recent fiscal year | 5.61% |
| Return on average equity - trailing 12 month | 5.61% |
| Return on average assets - 5 year average | 0.39% |
| Return on average equity - 5 year average | 5.57% |
| Net Income/employee - most recent fiscal year | 81,525.76 |
| Revenue/employee - most recent fiscal year | 430,210.82 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 2.09% |
| EPS growth rate, 5 year | -5.36% |
| Growth rate% - dividend, 3 year | 4.32% |
| Revenue/share (5 yr growth) | 2.49% |
| Growth rate% - Revenue, 3 year | 1.43% |
| Growth rate% - EPS, 3 year | -7.49% |
| Book value per share growth rate, 5 year | 0.04% |
| Capital Spending growth rate, 5 year | 6.96% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | ||||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Bendigo & Adelaide Bank $11.20
BEN –2.18%: Delivered a solid first-half result, with net income rising despite ongoing cost pressures and elevated investment requirements across compliance and strategic initiatives. The key positive was a modest improvement in margin, helping support higher net interest income in a competitive banking environment.
Sandfire Resources (SFR) v Bendigo Bank (BEN)
Unlike the other miners looked at today copper producer SFR has rallied over recent years and is now looking tired around its all-time high. Regional bank BEN has started to look interesting recently, ably supported by its 5% fully franked yield.
Bendigo Bank (BEN) $11.86
BEN +0.76%: Reported an in line 3Q result, though lacked meaningful quarter-on-quarter growth due lower non-interest income down -13.6% on 2Q.
Bendigo & Adelaide Bank Ltd (BEN) $10.46
BEN isn't set to report until August, so investors are left with the poor February result in their minds, which saw a large miss on NIM, very different from BOQ yesterday; this key metric for BEN declined six basis points (0.06%) half-over-half to 1.88%.
Shawn’s Trade Ideas – Updates
This morning, we quickly updated our stance/position on some of Shawn’s Trading Ideas. We now have four open positions, more than we envisaged when we started the new addition to the MM service following demand in our most recent subscriber survey.
Bendigo & Adelaide Bank (BEN) $13.38
We highlighted a trade in BEN at $12.48, targeting a quick move towards $13; this has already been exceeded. The mooted $350 million annual levy to keep bank branches open in the bush gave BEN a nice “shot in the arm.”
Shawn’s Trade Ideas
BEN has broken out above $13; as we all know, “the trend is your friend”. Shawn Trading Ideas: Raise BEN stop from $12.38 to $12.66.
Bendigo & Adelaide Bank (BEN) $13.20
BEN rallied through the day while the rest of the banking sector struggled; even stalwart CBA was down 1.4%. We can thank the government for today's move.
Bendigo & Adelaide Bank (BEN) $12.60
MM flagged BEN in Shawn’s Trading Ideas this week below $12.50; hence, it was nice to see it close higher in a weak market on Wednesday. Although one day is far from confirmation, it's on track to test our short term $13 target.
Action
Updated
24/08/2026
16:51
BEN
Updated 24/08/2026 16:51
MM remains neutral toward BEN
Updated
22/04/2026
09:54
BEN
Updated 22/04/2026 09:54
MM is bullish towards BEN around $11.00
Updated
16/02/2026
17:39
BEN
Updated 16/02/2026 17:39
MM remains neutral toward BEN ~$11.00
Updated
25/11/2025
15:49
BEN
Updated 25/11/2025 15:49
MM is neutral towards Bendigo Bank (BEN)
Updated
22/07/2025
09:50
SFR
Updated 22/07/2025 09:50
MM prefers SFR over BEN short term
Updated
26/05/2025
09:59
BEN
Updated 26/05/2025 09:59
MM remains neutral on BEN
Updated
17/04/2025
10:02
BEN
Updated 17/04/2025 10:02
MM is neutral at best towards BEN
Updated
17/02/2025
17:03
BEN
Updated 17/02/2025 17:03
MM remains neutral BEN
Updated
21/11/2024
10:24
BEN
Updated 21/11/2024 10:24
MM is neutral towards BEN ~$13.50
Updated
18/11/2024
17:08
BEN
Updated 18/11/2024 17:08
Shawn Trading Ideas: Raise BEN stop from $12.38 to $12.66.
Business Summary
Founded in 1858 as the Bendigo Building Society as a leading regional bank operating in the consumer, small-business, and rural banking sectors, Bendigo gained public goodwill after rolling out branches in locations deserted by major banksin the late 1990s and early 2000s. The Adelaide Bank merger in 2007 diversified the bank into wholesale banking, while expanding the geographical footprint. It is a conservatively managed retail bank with a long history, a well-regarded retail franchise, and high levels of customer and shareholder loyalty.
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