• CET1 ratio increased to 11.37% in December 2025 driven by higher profits and lower RWA
• Total capital reduced due to Tier 2 note redemption, partially offset by higher CET1
• RWA decreased primarily due to lower residential lending
• LCR decreased to 135.3% due to higher net cash outflows
• NSFR increased to 119.1% due to lower required stable funding

Bendigo and Adelaide Bank Limited (ASX:BEN) released its Basel III Pillar 3 capital disclosures for the period ending 31 December 2025. The bank's CET1 ratio increased to 11.37% in December 2025, up from 10.93% in September 2025 and 11.00% in June 2025. This was driven by a $101.7 million increase in net profit, a $19.4 million reduction in CET1 deductions, and an $8 million decrease in risk-weighted assets (RWA), primarily in credit RWA. Total capital decreased to $5,914.7 million in December 2025 from $5,920.0 million in September 2025 and $5,987.3 million in June 2025, due to the redemption of $150 million in Tier 2 subordinated notes, partially offset by the increase in CET1 capital.RWA decreased by $252.5 million (0.65%) to $38,747.0 million in December 2025 compared to September 2025, primarily due to a $265.3 million decrease in credit risk RWA from lower residential lending. Compared to June 2025, RWA decreased by $557.5 million (1.42%), again driven by lower residential lending.The bank's liquidity coverage ratio (LCR) decreased to 135.3% in December 2025 from 136.5% in September 2025, due to an increase in net cash outflows exceeding the increase in high-quality liquid assets. The net stable funding ratio (NSFR) increased to 119.1% in December 2025 from 117.7% in September 2025, as the reduction in required stable funding exceeded the decrease in available stable funding.