Bendigo stock slips as farmland values rise 7.6 percent in H1 2026

Published on 10/08/2026 at 01:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bendigo stock was last at AUD 10.22 on October 7, 2026, while farmland values rose 7.6 percent in H1 2026. FY26 cash earnings reached AUD 530.2 million.

Bendigo, AU000000BEN6, Illustration mit AI erstellt.

Bendigo stock (ISIN AU000000BEN6) was last at AUD 10.22 on the ASX on October 7, 2026, down 0.20 percent from AUD 10.24, as the bank's latest agricultural report added a fresh operating angle. Bendigo Bank published its H1 2026 farmland review on October 6, 2026, showing stronger land values but fewer transactions.

Farmland values rise 7.6 percent

The national median farmland price climbed 7.6 percent year over year to AUD 10,719 per hectare in H1 2026, according to Bendigo Bank. The report also counted 3,076 sales covering 1.72 million hectares, making transaction activity a counterweight to the price increase.

For Bendigo, the report matters because agribusiness is one of its core lending markets. The report said 54 percent of agricultural regions recorded higher median prices, compared with 38 percent in H1 2025, while 26 percent recorded declines.

FY26 earnings provide the baseline

Kapitales Research reported that Bendigo's FY26 cash earnings rose 3.0 percent to AUD 530.2 million on August 24, 2026. Revenue increased 5.1 percent to AUD 2.046 billion, while operating expenses rose 4.2 percent to AUD 1.260 billion.

The same FY26 account put net interest margin at 1.95 percent, up 7 basis points, and digital deposits growth at 37.3 percent. Those figures point to improving income generation, but the faster increase in operating expenses leaves cost control as an important valuation issue.

Consensus stays close to the market

Investing.com listed a Neutral consensus from 13 analysts on October 6, 2026, with 2 Buy, 8 Hold and 3 Sell ratings. The average 12-month price target was AUD 10.41, with estimates ranging from AUD 9.00 to AUD 11.50.

The market data also showed a 52-week range of AUD 9.81 to AUD 13.26 and market capitalization of AUD 5.8 billion. The current quote sits AUD 0.41 below the reported yearly high, keeping the bank's earnings trend and agricultural exposure relevant to the next valuation discussion.

ASX quote remains below yearly high

Bendigo stock was last at AUD 10.22 on the ASX at 4:13 p.m. AEDT on October 7, 2026, with volume of 895,302 shares and an intraday range of AUD 10.16 to AUD 10.30. The next scheduled milestones are the annual meeting on October 20, 2026, and the next earnings report on November 13, 2026.