EarningsQ2 2026 Earnings Report

Industrial and Commercial Bank of China (ICK) Q2 2026 Earnings Report

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Previous Report: Q1 2026

DE:ICK Q2 2026 EPS Results

Actual EPS€0.03

Consensus EPS€0.03

Beat/MissMissed by -<€0.01

One Year Ago EPS€0.03

DE:ICK Q2 2026 Revenue Results

Actual Revenue€395.70B

Expected Revenue€29.10B

Beat/MissBeat by +€366.59B

YoY Revenue Growth+734.39%

Earnings Announcement Details

QuarterQ2 2026

Date08/28/2026

TimeBefore Open

Conference CallFriday, August 28, 2026

DE:ICK Upcoming Earnings

Industrial and Commercial Bank of China's next earnings date is estimated for October 31, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

DE:ICK Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Aug 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed multiple clear strengths: solid revenue growth, large scale and improved asset quality metrics, strong international expansion and significant progress on digital/AI transformation and tech finance support. Management acknowledged ongoing margin pressure, retail/inclusive-credit risks and some reliance on market-driven investment income, and signaled cautious capital-risk balancing while increasing the interim dividend. Overall the positives (broad-based revenue growth, robust capital and provisioning, technology and international progress, and shareholder-friendly dividend action) outweigh the challenges.

Company Guidance

ICBC’s guidance emphasized balancing growth and security while accelerating its 5‑year transformation and provided numerous metrics: as of June total assets CNY57.0tn, operating revenue CNY446bn (+9.1% Y/Y), net profit CNY176bn (+4.5%), fee income CNY69.2bn (+3.3%), NIM 1.29% (+1bp), NPL ratio 1.29% (‑2bps), capital adequacy ratio 18.57% and provision coverage 217.5% (+3.8pp); loans ~CNY32tn, deposits CNY39tn (+CNY1.86tn, +5%), investments CNY18.63tn (+CNY1.73tn, +10.2%), onshore investments ~CNY47tn (+CNY3tn, +11.1%), loan growth +CNY1.4tn (+6.4% Y/Y), five‑major‑article loans CNY14.5tn (+>CNY1tn), manufacturing loans CNY5.8tn, trade finance CNY1.2tn, personal loans >CNY2tn (consumer +22%). Shareholder returns: interim payout ratio raised to 31% = CNY1.51/10 shares (~CNY53bn), dividend yields A/H 4.22%/5.36%. International and digital metrics: overseas assets USD511bn (pretax profit USD3bn, +15%), overseas net profit CNY12.9bn (+55%), network in 69 countries, RMB clearing expanded (clearing banks in 12 countries and joint clearing coverage to 19 African countries), cross‑border RMB volume CNY5.5tn (settlement +CNY299bn, +34%), offshore custody >CNY3tn, custody scale CNY33.7tn. Tech and AI: loans to tech companies CNY3tn, digital economy loans CNY1.26tn (+~20%), AUM CNY6.52tn (+10.3%), tech leasing disbursements +150% Y/Y, subsidiaries’ equity financing >CNY100bn, >600 large‑model scenarios, AI agent >22m service interactions, AI workload ~30,000 person‑years, enterprise risk platform covering 323 scenarios. Management warned the deposit‑repricing dividend to NIM will gradually weaken, so they will optimize ALM, deepen proactive asset‑and‑liability and intelligent risk management, and seek to sustain stable dividends while preserving capital adequacy.

Strong Top-Line Growth

Operating revenue of CNY 446 billion in H1 2026, up ~9.1% year-over-year, reflecting synchronized rebounds in NII, noninterest income and fee income across all four segments.

Solid Profitability

Net profit of CNY 176 billion for H1 2026, up ~4.54% YoY, supported by scale and diversified revenue streams.

Healthy Balance Sheet and Capital Metrics

Total assets CNY 57 trillion; loans nearly CNY 32 trillion; deposits CNY 39 trillion (up CNY 1.86 trillion, +5% YTD); capital adequacy ratio 18.57%; provision coverage ratio 217.5% (up ~3.8 percentage points).

Interim Dividend Increase and Shareholder Returns

Interim cash dividend payout ratio raised to 31% (CNY 1.51 per 10 shares), ~CNY 53 billion total interim payout; dividend yield ~4.22% (A shares) and ~5.36% (H shares); long track record of steady dividends (total CNY 1.64 trillion since IPO).

Improving Asset Quality Metrics

NPL ratio improved to 1.29% (down 2 bps from the end of prior year); corporate loan NPL ratio 1.2% (down 9 bps); proactive NPL write-offs and strengthened provisioning.

Accelerating Digital and AI Adoption

Enterprise AI/large-model deployment in 600+ scenarios; AI workload equivalent to 30,000 person-years in H1; personal relationship manager AI agent logged >22 million service interactions; intelligent review assistant produced ~360,000 compliance review suggestions and delivered large speed/efficiency gains (single-entry 25x faster, review efficiency ~5x).

Strong Growth in Investments and Custody

Investments CNY 18.63 trillion (up CNY 1.73 trillion, +10.2%); custody scale CNY 33.7 trillion ranking first in industry; asset management AUM CNY 6.52 trillion (up ~10.29%).

Robust International Expansion and RMB Globalization Support

Overseas network across 69 countries; overseas assets ~USD 511 billion; overseas pretax profit USD 3 billion (up ~15% YoY); group handled cross-border RMB volume reported (items cited CNY 5.5 trillion and later CNY 55.5 trillion) with cross-border RMB settlement +34% and clearing volume +16% YoY; approved as joint RMB clearing bank for 19 African countries (with Standard Bank).

Targeted Support for Tech, Manufacturing and Inclusive Finance

Loans to tech companies CNY 3 trillion; tech-related lending/leasing disbursement surged >150% YoY in H1; manufacturing loans balance >CNY 5.8 trillion; inclusive finance balances ~CNY 4 trillion; loans to core digital economy industries CNY 1.26 trillion (up ~20%).

Noninterest Income & Wealth Management Momentum

Total noninterest income CNY 104.9 billion (up ~9.9% YoY); fee and commission income CNY 69.2 billion (up ~3.3% YoY); other noninterest income CNY 35.7 billion (up ~25.3% YoY); wealth management income growth: corporate WM +24% YoY, personal WM +15% YoY, pension-related income +38%.

DE:ICK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 31, 2026	2026 (Q3)	0.04 / -	0.036	―
Aug 28, 2026	2026 (Q2)	0.03 / 0.03	0.031	2.13% (<+0.01)
Apr 29, 2026	2026 (Q1)	0.03 / 0.03	0.031	4.35% (<+0.01)
Mar 27, 2026	2025 (Q4)	0.04 / 0.04	0.036	1.85% (<+0.01)
Oct 30, 2025	2025 (Q3)	0.03 / 0.04	0.033	8.00% (<+0.01)
Aug 29, 2025	2025 (Q2)	0.03 / 0.03	0.031	2.17% (<+0.01)
Apr 29, 2025	2025 (Q1)	0.03 / 0.03	0.032	-4.17% (>-0.01)
Mar 28, 2025	2024 (Q4)	0.04 / 0.04	0.035	3.85% (<+0.01)
Oct 30, 2024	2024 (Q3)	0.03 / 0.03	0.032	4.17% (<+0.01)
Aug 30, 2024	2024 (Q2)	0.03 / 0.03	0.031	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed