The earnings slide at Bank of Queensland is almost certain to intensify this year after the company binned the profit guidance given to the market in late February.In a filing to the ASX on Monday, managing director George Frazis acknowledged the COVID-19 pandemic had created uncertainties and challenges for meeting the month-old earnings guidance.Frazis said on 27 February that BoQ was expected to generate cash earnings no more than 6 per cent below the 2019 cash profit performance of 79.6 cents per share."Due to the highly uncertain environment and associated challenges in providing accurate forecasts for this year, BoQ believes it is prudent to withdraw the FY20 guidance and outlook statements provided at the Investor Day on 27 February," the bank told the ASX in the filing.Given that the February market briefing also included a timeframe for overhauling the bank's operations, there are now also questions around how Frazis will seek to reposition the bank strategically.Presumably, an ambitious capital expenditure program to reconfigure the company's technology and distribution platforms is under review.In 2019 BoQ suffered a 16 per cent decline in cash earnings and the annual dividend was slashed  by 14 per cent.The February guidance indicated that the bank was expected to begin growing revenue again in 2021 and the return on equity re-touching 8 per cent in 2022.The bank is expected to issue fresh guidance to investors at its half-year profit result announcement on 8 April.