Industrial And Commercial Bank Of China Stock Earnings Reports

ICBC reported stabilization and modest recovery in 2025 Q3 results, with operating income of CNY 611 billion (up 2% YoY) and net profit of CNY 271.9 billion (up 0.5% YoY). Annualized ROA and ROE improved to 0.71% and 9.3%. NIM was 1.28% (down 14 bps YoY but decline narrowing) and full-year NIM is expected around 1.26%. Total assets exceeded CNY 52.81 trillion (up 8.2% YTD); customer loans reached CNY 30.45 trillion (up 7.3%) and customer deposits CNY 37.3–38.5 trillion (reported ranges, up ~7–8.5%). Bond investment scale grew strongly to CNY 16.01 trillion (up 16.2%), and bond trading/investment income rose materially, supporting noninterest income. Fee-based income turned positive (CNY 19.9 billion) with wealth management, pension products and trading gains contributing; fee expenses declined. Asset quality remains sound: group NPL ratio 1.33% (down 1 bp), provision coverage ~217% and CAR 18.85%. Growth was concentrated in corporate and inclusive lending (inclusive loans CNY 3.5 trillion, >20% growth), manufacturing and technology; retail lending growth was more modest. Management emphasized continued cost control, optimized asset-liability mix, expanded bond allocation to support medium/long-term yields, and digital/intelligent risk control to manage credit risk. Outlook: management expects stabilization of NIM within 1–2 years, continued support for the real economy, further development of diversified fee-income drivers, prudent bond investment posture, and sustained focus on inclusive finance and international expansion while maintaining strong risk controls.