1H26 Investor Materials
| Stock | Bank of Queensland Ltd (BOQ.ASX) |
|---|---|
| Release Time | 22 Apr 2026, 8:35 a.m. |
| Price Sensitive | Yes |
BOQ Reports 1H26 Results, Delivers on Strategy
- Scaling growth on digital bank, with 75% of home lending flow and 87% of new personal deposits on digital platform
- Disciplined focus on productivity, with ~65% of $250m program delivered
- Transitioning Remedial Action Plans into embed phase, with 61% of activities completed
- Announced capital partnership to release capital from equipment finance portfolio
Bank of Queensland (BOQ) has reported its 1H26 results, highlighting progress on its strategic priorities. The bank has continued to scale its digital capabilities, with 75% of home lending flow and 87% of new personal deposits now on the digital platform. BOQ has also maintained a disciplined focus on productivity, with around 65% of its $250m program delivered. The bank has made strong progress on its Remedial Action Plans, with 61% of activities now completed. BOQ also announced a capital partnership to release capital from its equipment finance portfolio, enabling the bank to reduce higher-cost funding and return capital to shareholders. Financially, BOQ delivered a resilient performance in a competitive environment, with a 5% increase in total income and a 2% increase in underlying profit. The bank's capital position remains strong, with a CET1 ratio of 11.18%. Looking ahead, BOQ is focused on further optimizing its retail banking economics, growing its business banking portfolio, and leveraging its digital capabilities to drive sustainable long-term growth.
BOQ expects to deliver continued growth in its business banking portfolio, with a focus on higher-returning specialist segments. The bank also anticipates further benefits from its productivity initiatives, including the full impacts of the ME decommissioning and Capgemini partnership, to be realized in FY27.
BOQ is well-positioned to navigate the current economic environment, with a focus on resilience and stability to support long-term growth. The bank will continue to scale its digital capabilities, drive productivity improvements, and leverage its capital partnership to optimize its balance sheet and generate sustainable returns for shareholders.