Australia's Bendigo and Adelaide Bank hits over 3-month low as quarterly earnings fall

Bendigo and Adelaide Bank

10/11/2025 23:22

** Shares of Bendigo and Adelaide Bank  BEN.AX fall as much as 5.1% to A$12.070 to hit their lowest level since July 29

** Stock last down 4.5% heading for their worst day since late February, if losses hold

** Co posts unaudited cash earnings of A$120.7 million ($78.43 million) for quarter, down 3.2% on 2H25 quarterly average and flat compared to last year

** Says operating expenses were 7.6% higher during quarter

** Says balance sheet remains well positioned for a return to growth in the second half of financial year

** Stock down ~7% this year, including the day's move

($1 = 1.5389 Australian dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))