Industrial & Commercial Bank of China (IDCBY)
OTHER OTC:IDCBY
Top Page
Industrial & Commercial Bank of China
(OTC:IDCBY)
Select Model
Select Model
Rating:75Outperform
Price Target:
$19.00
â–²(21.33% Upside)
Action:UpgradedDate:03/29/26
The score is driven primarily by attractive valuation (low P/E and solid dividend yield) and steady underlying financial performance. Technicals are supportive but show overbought signals, while earnings-call commentary is constructive yet tempered by NIM compression and real-estate credit risk.
Positive Factors
Scale & Diversified Business Model
ICBC’s enormous balance sheet and broad product suite create durable advantages: deep deposit funding, diversified fee streams (payments, wealth, custody) and scale economies in treasury and corporate banking. Scale supports resilience across cycles and cross-sell growth over months to years.
Negative Factors
NIM Compression
A narrowing net interest margin directly pressures the bank’s core earnings power. Given reliance on net interest income, sustained NIM compression from liability cost increases or a flatter yield curve can materially reduce recurring profitability and constrain capital generation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Diversified Business Model
ICBC’s enormous balance sheet and broad product suite create durable advantages: deep deposit funding, diversified fee streams (payments, wealth, custody) and scale economies in treasury and corporate banking. Scale supports resilience across cycles and cross-sell growth over months to years.
Read all positive factors
Industrial & Commercial Bank of China (IDCBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$368.19B
Dividend Yield4.1%
Average Volume (3M)2.61K
Price to Earnings (P/E)5.6
Beta (1Y)0.31
Revenue Growth-2.99%
EPS Growth0.95%
CountryUS
Employees415,159
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.80
Shares Outstanding4,339,702,600
10 Day Avg. Volume2,629
30 Day Avg. Volume2,607
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.50
Price to Sales (P/S)1.35
P/FCF Ratio4.91
Enterprise Value/Market Cap25.01
Enterprise Value/Revenue8.37
Enterprise Value/Gross Profit18.71
Enterprise Value/Ebitda21.43
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.99
Revenue Forecast (FY)$122.55B
Industrial & Commercial Bank of China Business Overview & Revenue Model
Company Description
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Op...
How the Company Makes Money
ICBC primarily generates revenue from: (1) Net interest income: the spread between interest earned on interest-earning assets (notably corporate and retail loans, and interest from securities/investments) and interest paid on funding sources (prim...
Industrial & Commercial Bank of China Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
ICBC demonstrated a solid recovery in profitability and asset growth, with effective risk management and expansion in inclusive finance. However, challenges remain in the real estate sector and credit demand, with narrowing NIM presenting ongoing pressures.Positive Updates
Stable and Positive Profitability
ICBC achieved operating income of CNY 611 billion, up 2% year-on-year, and net profit reached CNY 271.9 billion, up 0.5% year-on-year, reflecting a recovery trend.
Negative Updates
Narrowing Net Interest Margin (NIM)
NIM is under pressure, standing at 1.28%, down 14 basis points year-on-year. The full-year NIM is expected to remain around 1.26%.
Read all updates
Q3-2025 Updates
Positive
Negative
Stable and Positive Profitability
ICBC achieved operating income of CNY 611 billion, up 2% year-on-year, and net profit reached CNY 271.9 billion, up 0.5% year-on-year, reflecting a recovery trend.
Read all positive updates
Company Guidance
During the ICBC 2025 Q3 Earnings Call, the bank provided guidance indicating a stable recovery in profitability and growth, despite a challenging external environment. Key metrics highlighted include an operating income of CNY 611 billion, up 2% year-on-year, and a net profit of CNY 271.9 billion, marking a 0.5% increase from the previous year. The annualized ROA and ROE stood at 0.71% and 9.3%, respectively. Total assets exceeded CNY 52.81 trillion, reflecting an 8.2% growth since the end of last year. The NPL ratio was reported at 1.33%, with a CAR of 18.85% and a provision coverage ratio of 217.1%. The cost-to-income ratio was maintained at 26.55%, while the net interest margin (NIM) saw a slight decrease of 2 basis points. ICBC plans to continue strengthening its risk management and diversifying its income streams, with a focus on fee-based income and bond investments. The bank expects NIM to stabilize over the next 1 to 2 years, supported by manageable monetary policy impacts and refined liability cost management. Looking forward, ICBC remains confident in its strategic initiatives to deliver sustained growth and high-quality returns for its investors.Industrial & Commercial Bank of China Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.49T | 660.39B | 838.05B | 913.56B | 939.89B |
| Gross Profit | 833.50B | 817.28B | 838.05B | 913.56B | 939.89B |
| EBITDA | 429.60B | 456.37B | 451.72B | 0.00 | 439.75B |
| Net Income | 358.52B | 365.86B | 363.99B | 361.13B | 348.34B |
Balance Sheet | |||||
| Total Assets | 53.51T | 48.82T | 44.70T | 39.61T | 35.17T |
| Cash, Cash Equivalents and Short-Term Investments | 4.74T | 4.75T | 5.30T | 4.74T | 4.19T |
| Total Debt | 10.28T | 2.04T | 1.90T | 5.04T | 4.64T |
| Total Liabilities | 49.51T | 44.83T | 40.92T | 1.43T | 1.28T |
| Stockholders Equity | 3.98T | 3.97T | 3.76T | 3.50T | 3.26T |
Cash Flow | |||||
| Free Cash Flow | 409.03B | 462.55B | 499.19B | 778.87B | 339.02B |
| Operating Cash Flow | 456.67B | 505.85B | 530.39B | 802.00B | 360.88B |
| Investing Cash Flow | -2.42T | -1.47T | -891.85B | -910.62B | -674.56B |
| Financing Cash Flow | 35.01B | 1.29T | 3.82T | 3.19T | -11.55B |
Industrial & Commercial Bank of China Technical Analysis
Positive
15.66
Price Trends
16.63
Positive
16.33
Positive
15.69
Positive
Market Momentum
0.35
Negative
70.66
Negative
99.82
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IDCBY, the sentiment is Positive. The current price of 15.66 is below the 20-day moving average (MA) of 16.84, below the 50-day MA of 16.63, and below the 200-day MA of 15.69, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 70.66 is Negative, neither overbought nor oversold. The STOCH value of 99.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IDCBY.
Industrial & Commercial Bank of China Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $368.19B | 5.60 | 9.13% | 4.10% | -2.99% | 0.95% | |
71 Outperform | $292.03B | 12.28 | 11.88% | 4.14% | -9.54% | -22.46% | |
69 Neutral | $198.53B | 13.57 | 9.31% | 2.48% | -1.09% | 8.53% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $802.10B | 15.75 | 15.95% | 1.79% | 1.89% | 12.32% | |
66 Neutral | $360.84B | 13.28 | 10.15% | 1.93% | 0.15% | 33.84% | |
61 Neutral | $252.25B | 13.89 | 11.78% | 1.80% | -4.37% | 26.41% |
* Financial Sector Average
IDCBY
Industrial & Commercial Bank of China
17.50
4.91
38.98%
BAC
Bank of America
51.88
16.82
47.97%
HSBC
HSBC Holdings
90.27
44.44
96.99%
JPM
JPMorgan Chase
307.97
85.19
38.24%
MUFG
Mitsubishi UFJ
18.43
7.33
66.04%
WFC
Wells Fargo
84.66
22.89
37.06%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.