Australia's Bendigo and Adelaide Bank falls after flagging impairment charges

Bendigo and Adelaide Bank

20/08/2025 05:25

** Shares of Bendigo and Adelaide Bank BEN.AX slip as much as 1.9% to A$12.660, posting their biggest intraday pct loss since July 22

** Victoria-based bank says 2H25 statutory profit to be hit by A$539.5 mln ($347.22 mln) after-tax goodwill impairment and A$9 mln in after-tax restructuring costs

** Jefferies trims PT to A$9.17 from A$9.18, keeps "underperform" rating; says goodwill reset has no valuation impact, though timing is surprising

** Brokerage says it is maintaining rating due to a lack of credible path to "materially" higher return on equity via core operational improvements

** Stock last down 0.9%, takes YTD losses to 2.4%

($1 = 1.5538 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))