EarningsQ3 2026 Earnings Report
DE:ICK Q3 2026 EPS Results
Actual EPS€0.04
Consensus EPS€0.04
Beat/MissBeat by +<€0.01
One Year Ago EPS€0.04
DE:ICK Q3 2026 Revenue Results
Actual Revenue€50.58B
Expected Revenue€29.53B
Beat/MissBeat by +€21.06B
YoY Revenue Growth-86.24%
Earnings Announcement Details
QuarterQ3 2026
Date10/30/2026
TimeBefore Open
Conference CallFriday, October 30, 2026
DE:ICK Upcoming Earnings
Industrial and Commercial Bank of China's next earnings date is estimated for March 31, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:ICK Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly constructive, supported by 9.2% operating income growth, 6% net profit growth, stable NIM, improving corporate asset quality, strong deposit growth, strategic credit expansion and continued shareholder returns. Management also highlighted meaningful pressures, including expected NIM narrowing next year, declining loan yields, structurally slower credit growth, retail and inclusive-finance risk, real estate-related NPL pressure, uncertainty around some non-interest income sources and limited near-term dilution from the planned private placement. Overall, the positive operating and asset-quality trends significantly outweighed the disclosed challenges.Company Guidance
Strong First Three-Quarter Profitability
Group operating income reached CNY 667.14 billion, up 9.2% year-over-year, while net profit reached CNY 288.28 billion, up 6% year-over-year. Management said earnings growth accelerated compared with the first half.
Net Interest Income and NIM Stabilization
NIM was 1.29%, up 1 basis point year-over-year and flat versus the interim period. Net interest income increased 9.2% year-over-year, supported by lower liability costs and the stabilization of loan pricing.
Non-Interest Income Growth
Non-interest income grew 7.7% year-over-year. Net fee and commission income increased 1.6% year-over-year, while other non-interest income rose 19.5% year-over-year.
Large and Growing Balance Sheet
Total assets exceeded CNY 57 trillion, maintaining ICBC's position as the largest bank globally. Onshore RMB loans exceeded CNY 30 trillion, increasing by CNY 1.64 trillion, or 5.7%, while customer deposits rose by CNY 2.44 trillion to more than CNY 39 trillion, up 6.5%.
Bond Investment Expansion
The RMB bond balance exceeded CNY 15 trillion and increased by CNY 1.95 trillion, or 13.9%, from the prior year. Separately, management reported an RMB bond investment balance of CNY 16.7 trillion at the end of Q3 2026.
Improved Overall Asset Quality
The group NPL ratio was 1.29%, down 2 basis points from the end of last year. Provisioning remained ample and prudent, and management said overall asset quality and risk absorption capacity had strengthened further.
Corporate Loan Quality Improvement
The NPL ratio for onshore corporate loans was 1.16%, down 13 basis points from the beginning of the year. Management said both NPL balances and NPL ratios declined across major industries including manufacturing, wholesale, retail, energy and transportation.
Steady Credit Growth and Strategic Allocation
Onshore RMB loans increased by CNY 1.6 trillion, or 6.1% year-over-year, which was 1.3 percentage points above the national average. Cumulative corporate loan disbursement reached CNY 8.1 trillion, more than CNY 600 billion above the same period last year, and the corporate loan balance exceeded CNY 18.5 trillion.
Expansion in Technology, Manufacturing and Green Finance
Loans to technology firms exceeded CNY 3 trillion, with more than 30,000 net new customers. ICBC provided more than CNY 300 billion of cumulative financing support to eight national-level advanced manufacturing clusters, while green finance and inclusive finance loan growth exceeded the average growth of all loans.
Full-Year Loan Growth Outlook
Management expects full-year loan growth to be around 6%, consistently above the national average and GDP growth. The bank has begun building reserves and engaging with customers for next year's projects, including the Six Networks initiative.
Strong Deposit Growth and Lower New Deposit Rates
Domestic RMB deposits increased by CNY 2.3 trillion from the beginning of the year, up 7.9% year-over-year and 0.4 percentage points above the average for all financial institutions. The rate on new RMB time deposits was 1.15%, down 11 basis points year-over-year.
More Stable Funding Base
The daily average increment of total deposits reached CNY 2.4 trillion by the end of Q3, CNY 1 trillion higher year-over-year. Daily average increments across major deposit types exceeded prior-year levels, which management said indicated stronger fund retention and a more solid liability base.
Interest Rate Risk Remained Within Regulatory Threshold
The maximum EVE change at the end of Q3 was 14.15%, down 0.26 percentage points from the beginning of the year and up 0.06 percentage points from midyear. Management said the measurement pressure was controllable and that the 2026 regulatory parameter adjustment reduced the ratio by approximately 1.1 percentage points.
Fee-Based Wealth Management Growth
Agency sales revenue from precious metals, funds and wealth management products grew by 97%, 55% and 6%, respectively. Pension-related income increased 35%, while personal customer AUM reached CNY 27 trillion and continued to lead the industry.
Growth in Corporate Fee Businesses
Bank acceptance bills, letters of credit and international settlement revenue increased 16% year-over-year, while custody revenue rose 8%. Investment banking equity services, financing and advisory revenue increased 17%, and guarantee fee income rose 3%.
Equity Investment as a Revenue Driver
Equity and fund investment income reached CNY 27.2 billion, up CNY 8.2 billion, and contributed to more than CNY 10 billion of book valuation income from AIC-related investments. Management said the equity business had become an important growth driver for revenue and profits, with more than 1,500 technology-sector equity projects.
Continued AI and Digital Finance Deployment
ICBC has deployed large language models across more than 700 scenarios and is developing an enterprise-level AI engine, an AI data foundation and three smart application platforms serving retail, corporate customers and employees. Management said it is establishing a lifecycle framework to screen, measure and review AI investment returns.
Higher Shareholder Returns
Cumulative cash dividends since listing exceeded CNY 1.6 trillion, while the interim payout ratio was raised to 31%. Management reiterated its intention to maintain dividend continuity and stability while balancing shareholder returns, capital adequacy and business growth.
Capital and Long-Term Scale Strength
Management said the planned CNY 100 billion private placement will strengthen the capital base and support strategic priorities including the five priorities of finance, manufacturing, technology, international expansion and comprehensive financial services. Since listing, cumulative dividends reached CNY 1.69 trillion, the provision coverage ratio rose to 211.64%, and the capital adequacy ratio increased to 18.5% from 10.4% before listing.
DE:ICK Earnings History
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