Bank of Queensland
BOQ.ASXFinancials
Banking, financial and related services.
Market Data
$6.285
+0.0%$4.1B
42.6x
$0.145
6.47%
-0.1%
Latest Earnings
Half Year Results Announcement
22 April 2026
Bank of Queensland reported 1H26 statutory net profit of $136m (down 20% YoY) and cash earnings of $176m (down 4% YoY), impacted by a $31m loss on equipment finance assets held for sale. The bank demonstrated disciplined execution with strong digital transformation progress (72% of retail customers migrated, 75% of home lending originations digital), above-system commercial lending growth of $934m, and flat operating expenses, though net interest margin contracted 3bps to 1.67% in a competitive environment. A transformational capital partnership with Challenger Limited for $3.7b equipment finance sale is anticipated to complete in late April/May 2026, enabling return of ~$300m capital to shareholders. Key points: Strong digital transformation execution: 72% of active retail customers now on digital bank platform with 87% of new retail deposits originated through digital platform; Above-system commercial lending growth of $934m, demonstrating focused execution on higher-returning specialist segments and target growth corridors; Digital mortgage rollout progressing well with 75% of home lending originations through digital channel, positioning for retail home lending growth from FY27
Recent Announcements
Half Year Results Announcement
Bank of Queensland reported 1H26 statutory net profit of $136m (down 20% YoY) and cash earnings of $176m (down 4% YoY), impacted by a $31m loss on equipment finance assets held for sale. The bank demonstrated disciplined execution with strong digital transformation progress (72% of retail customers migrated, 75% of home lending originations digital), above-system commercial lending growth of $934m, and flat operating expenses, though net interest margin contracted 3bps to 1.67% in a competitive environment. A transformational capital partnership with Challenger Limited for $3.7b equipment finance sale is anticipated to complete in late April/May 2026, enabling return of ~$300m capital to shareholders. Key points: Strong digital transformation execution: 72% of active retail customers now on digital bank platform with 87% of new retail deposits originated through digital platform; Above-system commercial lending growth of $934m, demonstrating focused execution on higher-returning specialist segments and target growth corridors; Digital mortgage rollout progressing well with 75% of home lending originations through digital channel, positioning for retail home lending growth from FY27
2026 Half Year Results
Bank of Queensland reported cash earnings of $176m for 1H26, down 4% year-on-year, with statutory NPAT down 20% to $136m impacted by a $31m whole-of-loan equipment finance sale loss. Net interest income grew 4% to $755m driven by a 10bps NIM improvement from branch conversion benefits, though offset by competitive pressures and 2% asset decline; the company maintains a strong CET1 capital ratio of 11.18% and is returning 75% of cash earnings via a 20-cent interim dividend. Key points: Net interest income grew 4% to $755m, driven by 10bps NIM improvement reflecting branch conversion benefits and optimised funding mix; CET1 capital ratio strengthened to 11.18% (up 31bps yoy), exceeding management target range of 10.25-10.75%; Non-interest income up 13% to $77m, with business lending fees higher following completion of branch network conversion
Earnings Release - 22 April 2026
Upcoming earnings release expected 22 April 2026 (from Yahoo Finance (confirmed))
Get real-time alerts for BOQ
Receive AI-powered earnings summaries and instant notifications when Bank of Queensland releases results.
Register Free