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Bank of Queensland Limited (AU:BOQ)
ASX:BOQ

Bank of Queensland (BOQ) AI Stock Analysis

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AU:BOQ

Bank of Queensland

(Sydney:BOQ)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
AU$6.50
▼(-9.47% Downside)
The score is primarily held back by weakening financial performance (sharp revenue/earnings decline, low ROE with high leverage, and historically inconsistent cash flows). Technical indicators are broadly neutral with longer-term weakness (below key moving averages and slightly negative MACD). Valuation is mixed: the dividend yield helps, but the elevated P/E offsets it.
Positive Factors
Strategic Transformation
BOQ's focus on digital banking and operational simplification enhances its competitive position, potentially improving efficiency and customer satisfaction.
Dividend Commitment
Consistent dividend payments demonstrate financial stability and a commitment to shareholder value, which can enhance investor confidence and market appeal.
Leadership Support
Strong support for current leadership indicates confidence in strategic direction, which can lead to sustained execution of growth initiatives and stability.
Negative Factors
Revenue Decline
A significant revenue decline suggests challenges in maintaining market share or pricing power, potentially impacting long-term profitability and growth.
High Leverage
High leverage can strain financial flexibility and increase risk, particularly in volatile market conditions, affecting long-term financial health.
Inconsistent Cash Flow
Inconsistent cash generation raises concerns about the company's ability to fund operations and growth initiatives sustainably, impacting financial stability.

Bank of Queensland (BOQ) vs. iShares MSCI Australia ETF (EWA)

Bank of Queensland Business Overview & Revenue Model

Company DescriptionBank of Queensland Limited (BOQ) is a leading Australian financial institution that operates primarily in the banking sector. Established in 1874, BOQ offers a wide range of banking services including personal banking, business banking, and wealth management. The bank provides products such as savings accounts, home loans, personal loans, credit cards, and insurance products. With a focus on customer service and community engagement, BOQ operates a network of branches across Australia and maintains a strong presence in both urban and regional areas.
How the Company Makes MoneyBank of Queensland Limited makes money through a variety of revenue streams primarily centered around interest income and fee-based income. The bank earns interest income from loans and advances provided to individuals and businesses, such as home loans, personal loans, and business loans. This interest income forms the bulk of the bank's revenues. Additionally, BOQ generates fee-based income from services such as account maintenance fees, transaction fees, and financial advisory services. The bank also earns money from its wealth management services, which include investment products and insurance. Key partnerships with financial institutions, technology providers, and third-party service vendors enhance BOQ's ability to offer competitive products and services, contributing to its overall earnings.

Bank of Queensland Financial Statement Overview

Summary
Mixed fundamentals: a sharp latest-year revenue decline (-24.8%) and lower net income (133M vs 285M) point to weakened profitability (net margin ~2.6%). Leverage remains high (~3.0x equity) with low ROE (~2.3%), and while operating/free cash flow turned positive in 2025, the multi-year history of negative cash flow and a ~40% YoY FCF drop signal inconsistent cash generation.
Income Statement
44
Neutral
Revenue has grown strongly over the long run (2020–2024), but the latest year (2025 annual) shows a sharp revenue decline (-24.8%) and a meaningful drop in earnings (net income down to 133M from 285M). Profitability is positive but modest for the most recent period (net margin ~2.6%), and margins have compressed versus prior years, indicating weaker earnings power and/or higher costs/credit pressure.
Balance Sheet
52
Neutral
The balance sheet is sizeable (total assets ~100.5B) with equity around 5.9B, but leverage is high with debt running near ~3.0x equity in the latest year. Returns on equity are low (about ~2.3% in 2025 versus ~4.7% in 2024), suggesting limited profitability relative to the capital base. Debt levels have come down from 2022–2023 peaks, which is a modest positive, but leverage remains a key constraint.
Cash Flow
38
Negative
Cash generation has been volatile: operating cash flow was negative for several years (2020–2024) before turning positive in 2025 (185M), and free cash flow also improved to a positive 172M in 2025. However, free cash flow fell materially year over year in 2025 (down ~40%), and the history of negative operating/free cash flow raises questions on consistency and sensitivity to working capital/operating swings.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue5.19B5.19B5.08B4.20B1.63B1.27B
Gross Profit799.00M0.001.60B1.75B1.65B1.27B
EBITDA275.00M510.00M557.00M415.00M731.00M628.00M
Net Income133.00M133.00M285.00M124.00M409.00M368.00M
Balance Sheet
Total Assets100.53B100.53B103.04B105.35B99.91B91.44B
Cash, Cash Equivalents and Short-Term Investments0.000.003.15B2.58B2.45B2.35B
Total Debt17.66B17.66B18.19B21.03B21.01B18.31B
Total Liabilities94.62B94.62B97.02B99.22B93.25B85.24B
Stockholders Equity5.91B5.91B6.02B6.13B6.67B6.20B
Cash Flow
Free Cash Flow172.00M172.00M-1.05B-2.20B-6.40B-3.30B
Operating Cash Flow185.00M185.00M-865.00M-2.20B-6.36B-3.29B
Investing Cash Flow2.55B2.55B14.00M-142.00M-192.00M-873.00M
Financing Cash Flow-2.63B-2.63B-1.46B5.13B6.44B5.37B

Bank of Queensland Technical Analysis

Technical Analysis Sentiment
Positive
Last Price7.18
Price Trends
50DMA
6.54
Positive
100DMA
6.72
Positive
200DMA
7.08
Negative
Market Momentum
MACD
0.10
Negative
RSI
68.05
Neutral
STOCH
89.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BOQ, the sentiment is Positive. The current price of 7.18 is above the 20-day moving average (MA) of 6.65, above the 50-day MA of 6.54, and above the 200-day MA of 7.08, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 68.05 is Neutral, neither overbought nor oversold. The STOCH value of 89.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BOQ.

Bank of Queensland Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
56
Neutral
AU$809.02M8.6712.11%11.71%-6.49%-5.40%
56
Neutral
AU$2.13B24.555.31%16.78%22.86%
53
Neutral
AU$785.65M17.615.92%4.63%26.01%-17.55%
52
Neutral
AU$34.45M26.851.06%-7.19%
48
Neutral
AU$6.39B-65.64-1.23%5.99%5.39%-117.83%
47
Neutral
AU$4.59B34.192.17%5.77%2.16%-53.33%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BOQ
Bank of Queensland
6.97
0.47
7.30%
AU:BEN
Bendigo & Adelaide Bank
11.27
-1.34
-10.65%
AU:BBC
BNK Banking Corporation Limited
0.29
<0.01
3.57%
AU:PPM
Pepper Money Ltd
1.82
0.58
46.77%
AU:JDO
Judo Capital Holdings Limited
1.90
-0.02
-1.04%
AU:MYS
Mystate Limited
4.63
0.33
7.67%

Bank of Queensland Corporate Events

Bank of Queensland Issues 609,885 New Shares From Conversion of Unquoted Securities
Jan 8, 2026

Bank of Queensland has notified the market that 609,885 ordinary fully paid shares were issued on 31 December 2025 following the exercise or conversion of previously unquoted options or other unquoted convertible securities. The move modestly increases the bank’s share capital and reflects the crystallisation of existing equity-based instruments, which can marginally dilute existing shareholders but also signals progression of employee or incentive schemes tied to the company’s long-term performance.

The most recent analyst rating on (AU:BOQ) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland Announces Lapse of 36,727 Deferred and Award Rights
Jan 7, 2026

Bank of Queensland has notified the market that a total of 36,727 deferred and award rights over its shares have lapsed as at 31 December 2025, comprising 35,007 deferred award rights and 1,720 CEO and Chair award rights. The rights lapsed because the conditions attached to these securities were not met or could no longer be satisfied, resulting in a modest reduction in potential future equity issuance under BOQ’s incentive arrangements and clarifying the company’s issued capital position for investors.

The most recent analyst rating on (AU:BOQ) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland Announces New Dividend Distribution
Dec 15, 2025

Bank of Queensland Limited announced a new dividend distribution for its security, BOQPG, with a distribution amount of AUD 1.2412. The payment is scheduled for March 16, 2026, with a record date of February 27, 2026. This announcement reflects the bank’s ongoing commitment to providing returns to its investors and may influence its market positioning by demonstrating financial stability and shareholder value.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland AGM Results: Strong Support for Leadership
Dec 2, 2025

The Bank of Queensland Limited held its Annual General Meeting on December 2, 2025, where all resolutions were decided by poll. Key resolutions included the re-election of directors and the approval of securities grants to the CEO, with most resolutions being carried by a significant majority. The meeting’s outcomes reflect strong shareholder support for the current leadership and strategic direction, although an external nominee for director was not elected, indicating a preference for internal candidates.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland’s Strategic Transformation Yields Positive Results in 2025
Dec 2, 2025

Bank of Queensland’s 2025 Annual General Meeting highlighted significant progress in its strategic transformation, focusing on digital enhancements and operational simplification. The company reported a 12% increase in cash earnings and improvements in customer experience and trust through its digital banking platform. BOQ also emphasized its commitment to community support and cultural transformation, with initiatives to aid customers facing financial difficulties and a focus on improving employee engagement. The bank’s retail transformation includes a digital mortgage offering and migration to a new digital platform, while its business bank saw a 14% growth in commercial lending, particularly in specialist sectors.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

BOQ Highlights Transformation and Growth at 2025 AGM
Dec 1, 2025

At the 2025 Annual General Meeting, BOQ highlighted its progress in transforming into a simpler, specialist bank with a focus on digital banking and operational resilience. The bank has made significant strides in compliance with anti-money laundering regulations and has converted all franchised branches to a unified corporate network, enhancing its strategic presence in high-growth areas. BOQ reported a 12% increase in cash profit after tax, driven by margin improvements and cost management, and declared a fully franked final dividend of 20 cents per share. The bank is also preparing for mandatory climate-related disclosures and remains committed to supporting a lower-carbon economy.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland Highlights 2025 Performance at Annual General Meeting
Dec 1, 2025

Bank of Queensland Limited held its 2025 Annual General Meeting, presenting a summary of its activities and financial results. The presentation emphasized the company’s operational strategies, market conditions, and financial performance, while cautioning stakeholders about the inherent risks and uncertainties in the economic environment.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland Announces New Dividend Distribution
Nov 18, 2025

Bank of Queensland Limited has announced a new dividend distribution for its security BOQPF, with a distribution amount of AUD 1.30060000. The record date for this dividend is set for January 30, 2026, with the payment scheduled for February 16, 2026. This announcement reflects the bank’s ongoing commitment to providing returns to its investors and may impact its financial performance and stakeholder relations positively.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland Updates Dividend Distribution Details
Nov 17, 2025

Bank of Queensland Limited has announced an update to its previous dividend distribution announcement, specifically regarding the Dividend Reinvestment Plan (DRP) price and the New Zealand Dollar (NZD) exchange rate. This update pertains to the dividend distribution for the six-month period ending on August 31, 2025, with the record date set for October 30, 2025. The update may impact shareholders and stakeholders by providing revised financial details that could influence investment decisions.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland Announces 2025 AGM Details
Oct 30, 2025

Bank of Queensland Limited has announced the details of its 2025 Annual General Meeting (AGM), which will take place on December 2, 2025, at the Brisbane Convention & Exhibition Centre. This meeting is a significant event for shareholders and stakeholders, providing an opportunity to discuss the company’s performance and future strategies.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Bank of Queensland Announces Director’s Interest Change
Oct 23, 2025

Bank of Queensland Limited has announced a change in the director’s interest notice involving Karen Lee Collett Penrose. The change involves an off-market transfer of 2,798 ordinary shares from being indirectly held by Pacific Custodian Pty Ltd to being directly held by Ms. Penrose, with no change in beneficial ownership. This update reflects internal adjustments in shareholding arrangements without impacting the overall market or stakeholders.

The most recent analyst rating on (AU:BOQ) stock is a Sell with a A$6.75 price target. To see the full list of analyst forecasts on Bank of Queensland stock, see the AU:BOQ Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025