Australia's Bank of Queensland sinks most in 6 years on weak half-yearly profit

Bank of Queensland

22/04/2026 04:08

** Shares of Australia's Bank of Queensland BOQ.AX fall as much as 9.7% to A$6.565, biggest intraday pct drop since March 23, 2020

** Stock touches lowest level since January 21

** Regional lender posts H1 statutory net profit after tax of A$136 million ($97.39 million), down 20% from last year

** Declares interim dividend of 20 AU cents/share, up from 18 AU cents/share, from last year

** Says consumer, business confidence continue to be weighed down by elevated inflation, others due to uncertainty stemming from Middle East conflict

** Expects continued competition for both lending and deposits

** Despite moves, stock up 1.2% YTD

($1 = 1.3965 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))