ASX:BFLBanks
BSP Financial Group (ASX:BFL) Shares Trail Rising Costs And FX Dependence
BSP Financial Group stock closed at A$8.07 after the market absorbed an earnings result that looked solid on the surface yet raises a clear long term question. The bank delivered H1 2026 net profit after tax of PGK 620m on revenue of PGK 1.89b, with return on equity at 23.9%. The catch is the cost to income ratio holding at 43.8% while expenses rise to fund the Modernizing for Growth program. Short term profitability still looks strong. The main issue for investors is whether this investment...