Ping An Bank (000001) H1 2026 earnings summary

Executive summary

• Achieved operating income of RMB 70.62 billion, up 1.8% year-over-year; net profit attributable to shareholders reached RMB 25.70 billion, up 3.3% year-over-year.

• Net interest margin held steady at 1.80%; non-interest net income ratio rose to 37.28%.

• Asset quality remained stable with NPL ratio at 1.05%; provision coverage at 219.58%.

• Total assets grew 1.7% to RMB 6.03 trillion; loans and advances up 1.8% to RMB 3.45 trillion.

• Cost-to-income ratio improved to 27.06%, down 0.62 percentage points year-over-year.

Financial highlights

• Net profit attributable to shareholders: RMB 25.70 billion, up 3.3% year-over-year.

• Operating income: RMB 70.62 billion, up 1.8% year-over-year.

• Net interest income: RMB 44.29 billion, down 0.5% year-over-year; non-interest net income: RMB 26.33 billion, up 5.8%.

• Basic/diluted EPS: RMB 1.24, up 5.1% year-over-year.

• ROAA (annualized): 0.86%; ROAE (annualized): 10.56%.

Outlook and guidance

• Management expects macroeconomic stability and continued high-quality growth in the second half of 2026.

• Focus remains on strengthening risk controls, optimizing asset/liability structure, and digital transformation.

• Continued emphasis on supporting real economy, expanding retail and wealth management, and enhancing risk management.