Bank of Chengdu (601838) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 9.84% YoY to RMB 19,507,503 thousand; net profit rose 4.48% to RMB 9,917,974 thousand.

• At September-end, total assets grew 7.17% from year-end 2025; deposits grew 8.65% and loans 4.44%, with the NPL ratio steady at 0.68%.

Financial highlights

• Q3 revenue increased 22.59% YoY to RMB 6,731,555 thousand; Q3 net profit rose 4.78% to RMB 3,013,455 thousand, while operating profit declined 0.72%.

• 9M operating profit increased 1.50% to RMB 11,428,126 thousand; profit before tax rose 1.49% to RMB 11,427,364 thousand.

• 9M net interest income was RMB 17,909,890 thousand versus RMB 14,724,851 thousand; net fee and commission income was RMB 332,708 thousand versus RMB 375,137 thousand.

• 9M basic EPS was RMB 2.28, up 1.79% YoY; Q3 basic EPS was RMB 0.65, down 4.41% YoY.

Key financial ratios and metrics

• Annualized return on assets was 0.91% for 9M, versus 0.96% a year earlier; weighted-average ROE was 10.48%, down 0.92 percentage points YoY.

• Cost-to-income ratio improved to 23.33% from 25.21%; NPL ratio was 0.68%, unchanged from year-end 2025.

• Provision coverage was 448.06%, up from 426.17%; loan provision ratio was 3.04%, versus 2.91% at year-end 2025.

• Consolidated capital adequacy ratio was 13.57% versus 13.81% at year-end 2025; leverage ratio was 6.73% versus 6.86%.

• Liquidity coverage ratio was 166.15%, versus 164.74% at year-end 2025.