Mate you can just do a BEN vs BOQ graph through google and see...

Mate you can just do a BEN vs BOQ graph through google and see that they started to diverge substantially around about 2019 which coincidentally was when Patrick Allaway became MD, then it really diverged when Patrick became CEO - the issue with this bank is twofold:

1st is the disastrous ME bank merger which has eroded substantial shareholder value and the
2nd is the endless IT upgrade that is dragging down profitability.

If you look at when PA is planning on finishing the IT upgrade and turn things around its 2026 - let that sink in - when he hired George in 2019 he said things would turn around in 2021, now he's tacking on a few extra years - I still have the AFR article about the IT upgrades when they were announced in 2019. And another interview 2021 where he mentioned how great the ME bank merger was going to be for profitability (EPS accretive were the words used "The acquisition is expected to be low double-digit to mid-teens cash EPS accretive including full run-rate synergies in the first year (FY22)"... ) - ME bank has been a disaster as evidenced by all the impairments and the fact that never reached the targeted ROE's..

There hasn't been a period in BOQ's history where we have had this consistent decline in EPS, share price and dividend since 2019 - not even post GFC did we sink this low for this long. I have some tidbits from the analyst call where PA gave some BS responses that even the analysts couldn't believe, the guy is a mega retard who seems to think he's doing a great job. Until BOQ gets rid of this fkwit, we will continue to decline and diverge from BEN you don't need to analyse 3/5/10 years, you can just look at the graph and see where it started and see that the gap between BEN and BOQ is growing + has never been this large.