Australia's Bank of Queensland extends losses on weak half-year profit

Bank of Queensland

23/04/2026 01:40

** Shares of Australia's Bank of Queensland BOQ.AX extend losses, fall as much as 3% to A$6.41

** Stock hits its lowest level since January 21

** Shares of regional lender fell over 9% in the previous session after posting first-half stat NPAT of A$136 million ($97.32 million), down 20% from last year

** Analysts at Citi say funding benefits and a one-off accounting adjustment failed to offset higher competition and absence of prior timing benefits

** Citi downgrades BOQ to "neutral", cites challenging volume growth prospects

** Two of 13 brokerages rate the stock "buy" or higher, six "hold" and five "sell" or lower; their median PT is A$6.3, LSEG-compiled data

** BOQ stock down 0.61% YTD, including session's losses

($1 = 1.3974 Australian dollars)

 (Reporting by Sruthi Narasimha Chari in Bengaluru)

 ((Sruthinarasimha.chari@thomsonreuters.com))