Bank of Ningbo (002142) Q1 2026 earnings summary

Executive summary

• Net profit attributable to shareholders reached RMB 8.18 billion, up 10.30% year-over-year for Q1 2026.

• Operating income was RMB 20.38 billion, a 10.21% increase compared to the same quarter last year.

• Total assets grew to RMB 3,859.2 billion, up 6.35% from year-end 2025.

• Customer loans and advances rose 9.45% to RMB 1,897.0 billion since year-end 2025.

• Customer deposits increased 10.89% to RMB 2,245.3 billion from year-end 2025.

Financial highlights

• Net interest income was RMB 14.69 billion, up 14.44% year-over-year.

• Net fee and commission income surged 81.72% to RMB 2.58 billion.

• Basic and diluted EPS both at RMB 1.24, up 10.71% year-over-year.

• Operating cash flow was RMB 59.83 billion, down 35.71% year-over-year.

• Non-recurring losses were minimal, with non-recurring profit/loss at RMB -16 million.

Outlook and guidance

• Management emphasized continued focus on high-quality growth, digitalization, and risk management amid a complex external environment.

• No specific forward-looking financial guidance was provided.