Bank of Ningbo (002142) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 11.34% YoY to RMB 61,212 million; net profit attributable to parent shareholders increased 12.05% to RMB 25,149 million.

• Lending and deposits expanded, while asset quality remained stable: loans grew 13.69% from year-end, deposits 12.18%, and the NPL ratio held at 0.76%.

Financial highlights

• Q3 revenue was RMB 19,762 million, up 10.92% YoY; net profit attributable to parent shareholders was RMB 8,587 million, up 11.91%.

• 9M net interest income increased 14.03% YoY to RMB 45,039 million; net fee and commission income rose 25.47% to RMB 6,083 million.

• 9M basic and diluted EPS were RMB 3.72, up 11.04% YoY; annualized ROE was 13.99%, up 0.18 percentage points YoY.

• 9M operating cash flow was RMB 144,515 million, down 35.02% YoY; Q3 report was unaudited.

Segment performance

• Manufacturing loans were 12.26% of loans at September 30, up 0.56 percentage points from year-end; lending also prioritized SMEs and other key areas of the real economy.

• Retail loans were RMB 535,397 million, up 0.17% from year-end; corporate loans excluding bill discounting were RMB 1,301,959 million, up 21.32%.