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The latest announcement is out from Bank of Queensland ( (AU:BOQ) ).
Bank of Queensland reported a 20% fall in statutory net profit after tax to $136 million and a 4% decline in cash earnings to $176 million for the half year to 28 February 2026, as margin pressure and higher costs offset income gains. The bank nonetheless lifted its interim fully franked dividend to 20 cents per share, supported by a strong capital position with a CET1 ratio of 11.18% and a liquidity coverage ratio of 141%.
The group highlighted strong progress in its digital transformation, with 72% of active retail customers on its digital bank, 75% of new home loans originated digitally, and 87% of new retail deposits coming via the platform. BOQ also entered a $3.7 billion capital partnership with Challenger through a whole‑of‑loan sale and forward flow of equipment finance assets, aiming to optimise its balance sheet and enable capital returns to shareholders via an on‑market buyback and special dividend while supporting earnings per share and return on equity accretion.
Operationally, BOQ kept operating expenses flat on the prior half through simplification and productivity initiatives, despite inflation, higher regulatory costs and the full inclusion of its converted branch network. Commercial lending grew above system while home lending contracted, loan impairments normalised from very low levels, and the bank said it enters a period of economic uncertainty with resilient funding, sound provisioning and a streamlined portfolio mix tilted toward higher‑return segments.
The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.00 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.
More about Bank of Queensland
Bank of Queensland (BOQ) is an Australian regional bank providing retail and commercial banking services, with a growing emphasis on digital channels. The group operates a branch network alongside its ME Bank digital platform, focusing on home lending, commercial lending in targeted growth corridors, and deposit gathering through its digital bank.
Average Trading Volume: 1,926,156
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.83B
See more data about BOQ stock on TipRanks’ Stock Analysis page.