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EarningsQ2 2026 Earnings Report
AU:BOQ Q2 2026 EPS Results
Actual EPSAU$0.25
Consensus EPSAU$0.27
Beat/MissMissed by -AU$0.01
One Year Ago EPSAU$0.28
AU:BOQ Q2 2026 Revenue Results
Actual RevenueAU$2.40B
Expected RevenueAU$838.89M
Beat/MissBeat by +AU$1.56B
YoY Revenue Growth-8.05%
Earnings Announcement Details
QuarterQ2 2026
Date04/21/2026
TimeAfter Close
Conference CallTuesday, April 21, 2026
AU:BOQ Upcoming Earnings
Bank of Queensland 's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
AU:BOQ Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly constructive strategic and operational progress narrative: strong capital and liquidity, clear digital migration milestones (300k+ customers, >70% active retail on platform, 75% of mortgage originations through the platform), productivity gains and a transformative Challenger capital partnership that should free up capital and create capital‑light revenue. Near‑term headwinds include an earnings dip (cash earnings down 4%), higher loan impairment expense driven by an asset finance single‑name provision, NIM pressure and timing delays in technology outsourcing impacting productivity timing. Management emphasizes disciplined execution, sub‑inflation cost guidance, provisioning strength and a pathway back to mortgage growth in FY'27. On balance, the positive strategic achievements, capital strength and clear remediation/efficiency trajectories outweigh the near‑term operating and market challenges.Company Guidance
Solid Capital and Dividend
CET1 of 11.18%, up 24 basis points for the half; Board declared a fully franked interim dividend of $0.20 per share (75% payout ratio), and management intends to return capital released from the equipment finance sale to shareholders via a special dividend and on‑market buyback subject to approvals.
Digital Bank Scale and Adoption
More than 300,000 customers migrated; over 70% of active retail customers now on the platform; >$23 billion of home lending sits on the platform; 75% of group home lending originations were processed through the platform in March—supporting lower origination costs, higher transactional balances and improved engagement.
Business Bank Growth
Commercial lending grew above system by 7%, driven by targeted specialist segments (health care, agribusiness and well‑secured commercial property), reflecting successful portfolio positioning and banker deployment into growth corridors.
Productivity & Simplification Progress
On track with the $250 million productivity program: management expects full run‑rate benefits by exit FY'26 and has delivered simplification benefits equivalent to >20% of the cost base since FY'23; strategic partnership with Capgemini delivering processing efficiencies and AI adoption underway.
Balance Sheet Optimization via Challenger Partnership
Agreement to sell ~A$3.7bn equipment finance back book and establish a forward flow: expected to reduce ~A$3.4bn of higher cost funding, create capital flexibility, and enable capital‑light fee income growth while preserving customer relationships; transaction expected to complete by early May/ end‑May (timing stated).
Expense Discipline and Investment Management
Costs were flat half‑on‑half despite high inflation; Racheal reiterated commitment to sub‑inflation cost growth for FY'26; invested A$77m in H1 with 85% of software intangibles now amortizing after digital bank delivery—productivity offsets and planned cost reductions into H2.
Sound Asset Quality & Provision Coverage
Impaired assets reduced to A$84m; total provisions A$298m (39 bps of GLA) with collective provision overlays for industry risks; loan impairment expense remains low at A$20m (c.5 bps to GLA) and provisioning held well above the base scenario.
Retail Product Completion and Funding Benefits
Term deposits launched on the digital platform (completion of deposit product suite); digital originations are supporting lower‑cost deposit growth and improved funding mix—management expects funding tailwinds into H2 and margin benefits from deposit optimization.
AU:BOQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed