Bendigo and Adelaide Bank's Core Earnings May Take Some Time to Improve -- Market Talk

Dow Jones

2025/02/18

2231 GMT - It will likely be some time before Bendigo and Adelaide Bank's core earnings improve. That's the conclusion of Citi after the Australian lender reported a 1H result featuring a 4-5% core earnings miss relative to consensus hopes and signaled costs are on the rise. Analyst Brendan Sproules expects Bendigo's costs to rise by 8.5% in FY 2025 and by 3.5% in FY 2026, reflecting ongoing inflation and rising investment. "With relatively flat forecast revenue over this time frame given existing Net Interest Margin headwinds and rate cuts, we forecast core earnings to trough in late FY 2026," Citi says. It retains a sell call on Bendigo's stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 17, 2025 17:31 ET (22:31 GMT)

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That's the conclusion of Citi after the Australian lender reported a 1H result featuring a 4-5% core earnings miss relative to consensus hopes and signaled costs are on the rise. Analyst Brendan Sproules expects Bendigo's costs to rise by 8.5% in FY 2025 and by 3.5% in FY 2026, reflecting ongoing inflation and rising investment. \"With relatively flat forecast revenue over this time frame given existing Net Interest Margin headwinds and rate cuts, we forecast core earnings to trough in late FY 2026,\" Citi says. It retains a sell call on Bendigo's stock. 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That's the conclusion of Citi after the Australian lender reported a 1H result featuring a 4-5% core earnings miss relative to consensus hopes and signaled costs are on the rise. Analyst Brendan Sproules expects Bendigo's costs to rise by 8.5% in FY 2025 and by 3.5% in FY 2026, reflecting ongoing inflation and rising investment. \"With relatively flat forecast revenue over this time frame given existing Net Interest Margin headwinds and rate cuts, we forecast core earnings to trough in late FY 2026,\" Citi says. It retains a sell call on Bendigo's stock. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 17, 2025 17:31 ET (22:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BEN.AU","symbol_name":"BENDIGO AND ADELAIDE BANK","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512791549","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512791549","pubTimestamp":1739831460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2231 GMT - It will likely be some time before Bendigo and Adelaide Bank's core earnings improve. That's the conclusion of Citi after the Australian lender reported a 1H result featuring a 4-5% core earnings miss relative to consensus hopes and signaled costs are on the rise. Analyst Brendan Sproules expects Bendigo's costs to rise by 8.5% in FY 2025 and by 3.5% in FY 2026, reflecting ongoing inflation and rising investment. \"With relatively flat forecast revenue over this time frame given existing Net Interest Margin headwinds and rate cuts, we forecast core earnings to trough in late FY 2026,\" Citi says. It retains a sell call on Bendigo's stock. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BEN.AU":"BENDIGO AND ADELAIDE BANK"},"translate_title":"本迪戈和阿德莱德银行的核心盈利可能需要一段时间才能改善——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BEN.AU":0.9},"content_text":"2231 GMT - It will likely be some time before Bendigo and Adelaide Bank's core earnings improve. That's the conclusion of Citi after the Australian lender reported a 1H result featuring a 4-5% core earnings miss relative to consensus hopes and signaled costs are on the rise. Analyst Brendan Sproules expects Bendigo's costs to rise by 8.5% in FY 2025 and by 3.5% in FY 2026, reflecting ongoing inflation and rising investment. \"With relatively flat forecast revenue over this time frame given existing Net Interest Margin headwinds and rate cuts, we forecast core earnings to trough in late FY 2026,\" Citi says. It retains a sell call on Bendigo's stock. 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