002142 Bank Of Ningbo
- 23.16
- +0.23+1.00%
Bank Of Ningbo News
Bank of Ningbo (002142) Company Brief Review Report: Strong Growth in Public Loans, Narrowing Interest Spread Decline
Key investment events: Bank of Ningbo released its report for the first quarter of 2024. Q1 achieved operating income of 17.509 billion yuan (+5.78%, YoY) and net profit attributable to common shareholders of the parent company of 7.013 billion yuan (+6.2
Bank of Ningbo (002142): Interest spreads have stabilized, increased costs, and increased efficiency with remarkable results
The 1Q24 revenue growth rate declined slightly, and the interest business performance was impressive. Bank of Ningbo's revenue and net profit to mother in 1Q24 were +5.78% and +6.29%, respectively, compared to 2023A, -0.62% and -4.27pc respectively
Bank of Ningbo (002142): High growth in public loans and steady recovery in interest spreads
The revenue structure was optimized, and the net interest revenue growth rate improved marginally. As of 24Q1, the cumulative year-on-year growth rates of Bank of Ningbo's revenue, PPOP, and net profit to mother changed by -0.6 pct, 5.6 pct, and -4.4 at the end of 23, respectively
Bank of Ningbo (002142) Quarterly Report Review: The scale of deposits and loans increased significantly, and interest spreads bucked the trend month-on-month and increased the profit growth rate after deduction by 10% +
Incident: The company released its 2024 quarterly report, achieving operating income of 17.5 billion yuan, a year-on-year increase of 5.8%, net profit to mother of 7 billion yuan, an increase of 6.3% year-on-year, and a non-performing loan ratio of 0.76%, which remained flat from month to month. Performance: High growth in scale+
Bank of Ningbo (002142): Debt costs have improved significantly, and net interest spreads have rebounded beyond expectations
Core idea In the first quarter, the Bank of Ningbo increased its investment efforts and achieved rapid growth in scale. In terms of price, benefiting from maturing repricing of high-cost deposits, net interest spreads continued to rise month-on-month under improved cost pressure, supporting net interest income to achieve industry leadership
Express News | Bank of Ningbo's first response to poor personal loans rising for three consecutive years is one of the reasons for Ningyin Consumer Finance's expansion
Bank of Ningbo (002142): Revenue growth stabilized, interest spreads rebounded month-on-month
The revenue growth rate was stable, and the net profit growth rate declined. Revenue of 17.5 billion yuan was achieved in the first quarter of 2024, up 5.8% year on year. The growth rate fell 0.6 percentage points from last year's annual report, with little change. Net profit from mother for the first quarter 70
Bank of Ningbo (002142): Strong credit investment, interest spreads increased month-on-month
Strong credit investment, interest spreads increased 24Q1 net profit, revenue, and PPOP +6.3%, +5.8%, and +9.0% year-on-year (year-on-year growth rates in '23 were +10.7%, +6.4%, and +3.2, respectively)
Bank of Ningbo (002142.SZ)'s net profit to mother reached 7.013 billion yuan in the first quarter, up 6.29% year on year
Gelonghui, April 29丨Bank of Ningbo (002142.SZ) released its report for the first quarter of 2024. Facing the complex and changing external economic situation, the company, under the leadership of the board of directors, actively adapted to changes in the business environment, insisted on implementing the “big banks can't do it, small banks can't do it” business strategy, actively implement the country's macro-control requirements, and make “five major articles” through practical actions to continue to promote the high quality and sustainable development of banks in serving the real economy. (1) Revenue continues to grow steadily, and profitability remains stable. In the first quarter of 2024, the company achieved ownership of parent company shares
Bank of Ningbo rose by more than 5%, with a turnover of over 910 million yuan.
Bank of Ningbo rose by more than 5%, with a turnover of over 910 million yuan.
Bank of Ningbo (002142) 2024 Quarterly Report Review: Credit volume and price soared, net interest income +12.2% YoY
Incident: On April 29th, Bank of Ningbo released 24Q1 results. 24Q1 achieved revenue of 17.5 billion yuan, YoY +5.8%; net profit to mother of 70 billion yuan, YoY +6.3%; non-performing rate of 0.76%
GF Securities: 24Q1 fund allocation bank ratio rebounded, focus on recovering related banks
The Zhitong Finance App learned that Guangfa Securities released a research report saying that 24Q1Wind all fell 2.8%, the banking sector rose 10.8%, and the urban commercial banks rose 13.7%. The overall performance of the banking sector was significantly better than the entire market. The market chose urban commercial banks whose fundamentals are directly related to the decline in interest rates based on the logic of weak expectations and the decline in interest rates. However, reliance on financial market investment is a double-edged sword. A downturn in the economy (interest rates) will increase investment returns, while an increase in the economy (interest rates) will cause losses. Judging from historical experience, when the economy shows signs of stabilization, the trend of interest rates on treasury bonds in the market will rebound, because
Research Report | CICC: Net profit from bank stocks is expected to increase by 1% year-on-year in the first quarter. It is recommended to focus on Changshu Bank and Bank of Ningbo
Glonghui, April 22 | CICC released a report. In the first quarter, the revenue of listed banks in the mainland is expected to drop 4% year-on-year, and net profit will increase by 1% year-on-year. The profit growth rate will continue to weaken compared to last year. According to the bank, the pace of expansion of bank assets is slowing down, and some banks may be shrinking. However, interest spreads continued to narrow, and wealth management revenue was weak, hampering revenue performance. Considering that loan repricing is still occurring, interest rates on newly issued loans and bonds are declining, and deposit regularization is still present, it is expected that the net interest spreads of listed banks will narrow by 6 basis points quarterly in the first quarter, corresponding to an annual decline of 25 basis points, dragging down net interest income by 5% year-on-year. Moreover
Express News | Wanjia Fund Huanghai: Management scale increased by more than 90%, still optimistic about coal stocks
Bank Ratings | Goldman Sachs: Domestic Bank profits are expected to continue to weaken in the first quarter
Glonghui, April 19 | Goldman Sachs published a research report stating that the average pre-provision profit of domestic banks covered in the first quarter is expected to drop 5% year-on-year, while net profit will increase by an average of 1%. The bank expects BOC profits to continue to weaken in the first quarter due to weak net interest spreads and slowing loan growth. Despite the challenging macroeconomic environment, provision disbursements will continue to drive net profit growth, and the density of risk-weighted assets (RWA) will decrease further as domestic banks hold more government bonds. The bank mentioned that CCB's balance sheet is stronger than that of its peers, so it can maintain stable dividends and give it a “buy” rating. The target price is 4
Donghai Securities released a research report on April 17 stating that it gave Bank of Ningbo (002142.SZ) a purchase rating. The main reasons for the rating include: 1) the return on investment led to an improvement in revenue growth; 2) the decline in th
Donghai Securities released a research report on April 17 stating that it gave Bank of Ningbo (002142.SZ) a purchase rating. The main reasons for the rating include: 1) the return on investment led to an improvement in revenue growth; 2) the decline in the average yield on loans narrowed significantly, and the deposit cost ratio increased due to regularization; 3) capital market fluctuations curbed the wealth management business, and net income from processing fees and commissions declined in the second half of the year. (Mainichi Keizai Shimbun)
The Bank of Ningbo rose more than 5%, and its turnover exceeded 1.25 billion yuan.
The Bank of Ningbo rose more than 5%, and its turnover exceeded 1.25 billion yuan.
China CITIC Bank hit a hike in the afternoon, with a turnover of 1,361 billion yuan. Bank of Ningbo, Ping An Bank, Bank of Lanzhou, Everbright Bank, and Bank of Suzhou followed suit.
China CITIC Bank hit a hike in the afternoon, with a turnover of 1,361 billion yuan. Bank of Ningbo, Ping An Bank, Bank of Lanzhou, Everbright Bank, and Bank of Suzhou followed suit.
The banking sector fluctuated and CITIC Bank blocked gains and stopped in the afternoon
Gelonghui April 17 | Bank stocks in the A-share market fluctuated higher. China CITIC Bank rose and stopped in the afternoon, while Bank of Ningbo, Ping An Bank, Bank of Lanzhou, Everbright Bank, and Bank of Suzhou followed suit. According to the Cinda Securities Research Report, major state-owned banks paid 413.3 billion yuan in dividends in 2023. A number of banks have indicated that the dividend rate is guaranteed, and dividend income stability is currently good from allotted bank shares.
The banking sector fluctuated and strengthened. China CITIC Bank rose more than 6%, while Everbright Bank, Bank of Lanzhou, Bank of Ningbo, Bank of Xi'an, and Bank of Chongqing followed suit.
The banking sector fluctuated and strengthened. China CITIC Bank rose more than 6%, while Everbright Bank, Bank of Lanzhou, Bank of Ningbo, Bank of Xi'an, and Bank of Chongqing followed suit.
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