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Industrial and Commercial Bank of China Class H (HK:1398)
:1398
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.26Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 29, 2025
|% Change Since: 21.52%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
ICBC demonstrated robust growth in key financial metrics, improved risk control, and expanded technological and international operations. However, challenges remain with declining net interest margins and increased retail loan NPL ratios.Company Guidance
In the 2024 Annual Earnings Call of ICBC, significant metrics were highlighted to showcase the bank's robust financial performance and strategic initiatives. As of the end of 2024, ICBC's total assets were nearly RMB49 trillion, with customer loans exceeding RMB28 trillion, marking an increase of RMB2.3 trillion from the previous year. Customer deposits reached nearly RMB35 trillion, an increase of over RMB1.3 trillion. The annual operating revenue was reported at RMB786.1 billion, while the net profit stood at RMB366.9 billion. The net interest margin was 1.42%, and the cost-to-income ratio was 29.43%, reflecting efficient cost management. The capital adequacy ratio improved to 19.39%, while the non-performing loan (NPL) ratio was maintained at 1.34%, with provision coverage at 214.91%. Additionally, ICBC announced an increase in dividend frequency, with interim dividends amounting to RMB51.1 billion and a year-end dividend of RMB58.7 billion. The bank also emphasized progress in digital finance, with its mobile banking application achieving over 200 million monthly active users and open banking transactions exceeding RMB375 trillion.Stable Operating Performance
As of the end of 2024, ICBC's total assets were nearly RMB49 trillion. Customer loans exceeded RMB28 trillion, an increase of RMB2.3 trillion from the end of last year. Customer deposits were nearly RMB35 trillion, an increase of over RMB1.3 trillion from the previous year, both maintaining a global lead.
Enhanced Risk Control
NPL ratio was 1.34% with provision coverage at 214.91%, laying a more solid foundation for steady operation. Real estate NPL down by 38 basis points for the whole year.
Dividend Payment Increase
ICBC increased the frequency and times of dividend payout in 2024, paying interim dividends for the first time, totaling RMB51.1 billion, with a year-end dividend of RMB58.7 billion planned.
Technological Advancements
ICBC implemented the industry's first billion-level large model Zhiyong into more than 20 business lines and 200 use cases. The MAU of mobile banking application exceeded 200 million.
Strong International Operations
Overseas institutions maintained stable operations with a pretax profit exceeding US$3.9 billion, up 21.6%. The total assets of overseas institutions exceeded US$430 billion, up by 4% year-on-year.
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Industrial and Commercial Bank of China (HK:1398) Earnings, Revenues Date & History
HK:1398 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
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HK:1398 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | HK$4.56 | HK$4.48 | -1.69% |
| Aug 30, 2024 | HK$4.48 | HK$4.36 | -2.81% |
| Apr 29, 2024 | HK$3.74 | HK$3.78 | +1.20% |
| Mar 28, 2024 | HK$3.58 | HK$3.55 | -0.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Industrial and Commercial Bank of China Class H (HK:1398) report earnings?
Industrial and Commercial Bank of China Class H (HK:1398) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Industrial and Commercial Bank of China Class H (HK:1398) earnings time?
Industrial and Commercial Bank of China Class H (HK:1398) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Industrial and Commercial Bank of China Class H stock?
The P/E ratio of Industrial and Commercial Bank of China is N/A.
What is HK:1398 EPS forecast?
HK:1398 EPS forecast for the fiscal quarter 2025 (Q1) is 0.25.
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