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Australian regional bank offering retail, business and agribusiness banking through branches, community banks and digital channels.
Australian regional bank offering retail, business and agribusiness banking through branches, community banks and digital channels.
Earns mostly from the interest spread on mortgages and business loans, funded by retail and regional deposits. Its Community Bank branches are run by local community companies that share the branch's earnings with Bendigo, a model that extends reach with little capital. Up is a digital bank aimed at younger customers.
In one line: A community-focused regional bank like a smaller Regions Financial.
Moat: narrow (regulatory licence, brand, distribution). Community Bank franchise model and regional/rural branch presence differentiate it, though scale trails the majors.
Headquarters: Bendigo, Australia · Founded: 1858 · Employees: 4,601
Size Bendigo & Adelaide Bank (BEN.AX) is an Australia Financials company (Regional Banks) with a market value of $4.36B, the 79th largest of 316 Australia companies the cockpit tracks. Shares closed at A$10.83 on 6 Nov 2026.
Performance Over six months the shares gained 5.5%, against +9.7% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 5.8% over the last twelve months (peer median +3.2%); the operating margin is 27.0% (peer median 44.4%).
Valuation It trades at 0.93× book value against a peer median of 1.36× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 11.0%; Bendigo & Adelaide Bank delivers 5.6%, so the price asks more than the business earns today.
Credit Bendigo & Adelaide Bank has 1 bond outstanding ($557M), rated AAA by the agencies.
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$4.94B | A$4.93B | A$5.24B | A$4.97B | A$3.64B |
| Revenue growth | — | -6% | +5% | +37% | — |
| Net income | A$375M | A$375M | -A$97.1M | A$545M | A$497M |
| Free cash flow | A$640M | A$640M | A$125M | A$812M | A$496M |
| Capital expenditure | A$29.4M | A$29.4M | A$18.3M | A$27.2M | A$30.6M |
| Total debt | n/a | A$10.7B | A$11.7B | A$11.1B | A$13.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bendigo & Adelaide Bank BEN.AX | $4.36B | +5% | -6% | 6% | 0.93× | 11.0% |
| Bank of Queensland BOQ.AX | $3.19B | +14% | -6% | 4% | 0.80× | 8.9% |
| Commonwealth Bank of Australia CBA.AX | $194B | +9% | +1% | 14% | 3.56× | 33.3% |
| National Australia Bank NAB.AX | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BEN.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | +4.8% | 10th highest of 21 |
| 6-month return | +5.5% | +9.7% | 6th lowest of 21 |
| Return on equity | 5.6% | 10.9% | 3rd lowest of 21 |
| Price / book | 0.93× | 1.36× | 3rd cheapest of 21 |
| Trailing P/E | 18.6× | 12.0× | 3rd most expensive of 19 |
| ROE the price implies | 11.0% | 10.4% | 9th most demanding of 19 |
| ROE delivered | 5.6% | 10.8% | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bendigo & Adelaide Bank BEN.AX | Australia | $4.36B | +5% | -6% | 6% | 0.93× | 11.0% | 5.6% |
| United Community Banks UCB | United States | $4.43B | +11% | -18% | 4% | 1.26× | 10.9% | 4.1% |
| Cathay General Bancorp CATY | United States | $4.24B | +12% | +3% | 12% | 1.39× | 11.8% | 12.2% |
| ServisFirst Bancshares SFBS | United States | $4.49B | +2% | +5% | 18% | 2.21× | 17.2% | 17.9% |
| International Bancshares IBOC | United States | $4.20B | -8% | +2% | 13% | 1.25× | 9.8% | 12.9% |
| Alior Bank ALR.WA | Poland | $4.59B | +15% | -7% | 16% | 1.42× | 20.0% | 15.6% |
| Bank Handlowy w Warszawie BHW.WA | Poland | $4.09B | +7% | -22% | 17% | 1.72× | 17.1% | 16.7% |
| Zuger Kantonalbank ZUGER.SW | Switzerland | $4.04B | +8% | -10% | 8% | 2.03× | n/a | 8.3% |
| CVB Financial CVBF | United States | $3.99B | +12% | +23% | 9% | 1.27× | 9.8% | 8.6% |
| Bank of Qingdao 002948.SZ | China | $4.78B | +3% | +3% | 13% | 0.85× | 5.0% | 12.9% |
| Noba Bank NOBA.ST | Sweden | $4.81B | +20% | +6% | 17% | 1.82× | 6.9% | 17.0% |
| Independent Bank INDB | United States | $3.94B | +8% | +25% | 9% | 1.14× | 9.5% | 9.3% |
| First Bancorp FBP | United States | $3.92B | +8% | +3% | 19% | 2.09× | 15.7% | 19.4% |
| Hirogin 7337.T | Japan | $3.89B | +9% | +26% | 8% | 0.99× | 7.4% | 8.2% |
| BancFirst BANF | United States | $3.87B | +2% | -3% | 14% | 1.94× | 12.7% | 13.6% |
| Karur Vysya Bank KARURVYSYA.NS | India | $3.80B | +18% | +14% | 21% | 2.32× | 30.7% | 21.0% |
| EQB EQB.TO | Canada | $3.79B | +3% | -4% | 0% | 1.44× | 12.8% | -0.1% |
| Chugin Financial Group,Inc 5832.T | Japan | $3.76B | +10% | +34% | 8% | 0.86× | 6.5% | 8.3% |
| Berner Kantonalbank BEKN.SW | Switzerland | $5.07B | +17% | -4% | 7% | 1.34× | n/a | 6.6% |
| WesBanco WSBC | United States | $3.70B | +13% | +17% | 9% | 0.96× | 8.2% | 8.8% |
| Eastern Bankshares EBC | United States | $5.22B | +14% | +61% | 10% | 1.23× | 9.6% | 9.5% |
Bendigo & Adelaide Bank has 1 bond outstanding with $557M face value. The agencies rate it AAA.