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Industrial And Commercial Bank Of China (IDCBY)
:IDCBY
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.74Last Year’s EPS
0.72Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 7.12%
|Next Earnings Date:Aug 30, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there was strong asset growth, improvement in the NPL ratio, and growth in noninterest income, there were significant pressures on the net interest margin and challenges in the real estate market. The sentiment reflects cautious optimism with ongoing challenges.Company Guidance
During the Q3 2024 earnings call for ICBC, the executives provided comprehensive guidance, highlighting several key financial metrics. Net income reached over CNY 270 billion, marking a 0.2% increase, while operating income was CNY 599.1 billion. The bank's NPL ratio improved to 1.35%, down by 1 basis point, and the capital adequacy ratio stood at 19.25%. ICBC's balance sheet expanded significantly, with total assets rising to CNY 48.3 trillion, an increase of CNY 3.7 trillion, and total liabilities reaching CNY 44.4 trillion. The loans portfolio grew by CNY 2 trillion, and investments increased by CNY 1.4 trillion. The provision coverage ratio remained robust at over 200%. The bank also reported a stable net interest margin of 1.43% and noted a positive outlook for noninterest income, driven by favorable capital market conditions and foreign exchange market performance. Additionally, the bank's inclusive finance segment demonstrated strong growth, with the balance of inclusive loans reaching CNY 2.81 trillion, reflecting a 23% increase. As they move forward, ICBC plans to continue optimizing its income-expense balance, focus on maintaining asset quality, and enhance risk management capabilities.Positive Net Income Growth
Net income was over CNY 270 billion, up by 0.2%, marking a positive turnaround in growth.
Strong Asset Growth
Total assets grew to CNY 48.3 trillion, an increase of CNY 3.7 trillion.
Improvement in Non-Performing Loan Ratio
The NPL ratio decreased to 1.35%, down by 1 basis point.
Capital Adequacy
Capital adequacy ratio was reported at 19.25%, maintaining a strong financial standing.
Growth in Noninterest Income
Noninterest income showed robust momentum, driven by capital market performance and foreign exchange income.
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Industrial & Commercial Bank of China (IDCBY) Earnings, Revenues Date & History
IDCBY 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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IDCBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $11.80 | $11.60 | -1.69% |
| Aug 30, 2024 | $11.56 | $11.23 | -2.85% |
| Apr 29, 2024 | $9.69 | $9.81 | +1.24% |
| Mar 28, 2024 | $9.27 | $9.20 | -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 (IDCBY) report earnings?
Industrial And Commercial Bank Of China (IDCBY) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Industrial And Commercial Bank Of China (IDCBY) earnings time?
Industrial And Commercial Bank Of China (IDCBY) earnings time is at Mar 27, 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 IDCBY EPS forecast?
IDCBY EPS forecast for the fiscal quarter 2024 (Q4) is 0.74.
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