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The latest announcement is out from Bendigo & Adelaide Bank ( (AU:BEN) ).
Bendigo and Adelaide Bank has launched the second phase of its Productivity Program, unveiling multi‑year strategic partnerships with Infosys and Genpact to streamline technology and business operations. The Infosys deal aims to bolster IT service delivery, software engineering, and AI capabilities, while the Genpact arrangement targets process optimisation, productivity gains, and stronger risk management, though both will lead to workforce changes in technology and operations teams.
Management expects the operational efficiencies from these partnerships to support cost discipline, including keeping business‑as‑usual expenses in line with inflation and delivering an annual expense benefit of $65 million to $75 million by FY28, offset by $85 million to $95 million in transition costs, mainly in FY27. In its 3Q26 trading update, the bank reported unaudited cash earnings of $137.9 million, stronger net interest margin, improving lending growth across residential, business, and agribusiness segments, and lower operating expenses driven by reduced staff costs, while maintaining a cautious stance on credit amid geopolitical uncertainty.
The most recent analyst rating on (AU:BEN) stock is a Hold with a A$10.00 price target. To see the full list of analyst forecasts on Bendigo & Adelaide Bank stock, see the AU:BEN Stock Forecast page.
More about Bendigo & Adelaide Bank
Bendigo and Adelaide Bank is an Australian regional banking group focused on retail, business, and agribusiness customers, underpinned by a strong deposit franchise. The bank provides lending, deposit, and related financial services, and is pursuing a 2030 strategy centred on simplifying its operating model and leveraging advanced technology partnerships to drive innovation and efficiency.
Average Trading Volume: 1,872,451
Technical Sentiment Signal: Hold
Current Market Cap: A$5.96B
For an in-depth examination of BEN stock, go to TipRanks’ Overview page.