Ping An Bank (000001) Q1 2026 earnings summary

Executive summary

• Achieved resilient performance in Q1 2026 with revenue of RMB 35.28 billion, up 4.7% year-over-year, and a focus on value growth, digital transformation, and customer-centric service enhancements.

• Net profit reached RMB 14.52 billion, up 3.0% year-over-year, and asset base grew to RMB 6,033.96 billion, a 1.8% increase from year-end 2025.

• Loans and advances rose 2.2% to RMB 3,464.57 billion; deposits increased 3.3% to RMB 3,702.15 billion.

• Maintained stable asset quality with a non-performing loan (NPL) ratio of 1.05%.

• Continued focus on digital transformation, risk management, and support for real economy sectors.

Financial highlights

• Operating profit after tax (OPAT) rose 7.6% year-over-year to RMB40.8 bn; net profit attributable to shareholders was RMB 14.52 billion, up 3.0% year-over-year.

• Net profit declined 7.4% year-over-year to RMB25.0 bn in one segment, impacted by short-term investment volatility.

• Shareholders' equity increased 1.8% year-to-date, reaching RMB1,018.3 bn; asset base grew to RMB 6,033.96 billion.

• Net investment yield remained stable at 0.8%, while comprehensive investment yield dropped to 0.2% due to market conditions.

• Basic/diluted EPS: RMB 0.67, up 8.1% year-over-year; non-interest net income ratio: 37.41%, up 5.01 percentage points.

Outlook and guidance

• Short-term market volatility expected to ease with recovery, supporting future profitability.

• Continued focus on service innovation, integrated finance, and digital transformation to drive sustainable growth.

• Will strengthen support for technology, manufacturing, and green finance sectors.

• Plans to optimize asset structure, risk management, and cost control.