Industrial and Commercial Bank of China stock reports 4.5 percent H1 profit growth

Published on 09/25/2026 at 13:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Industrial and Commercial Bank of China stock stood at CNY 8.13 on September 24, 2026, after first-half net profit rose 4.5 percent. Daiwa set an HKD 7.8 target price on September 21.

ICBC, CNE1000003G1, Illustration mit AI erstellt.

Industrial and Commercial Bank of China stock (ISIN CNE1000003G1) stood at CNY 8.13 on the Shanghai Stock Exchange on September 24, 2026, up 0.49 percent from the prior close. The bank's first-half net profit reached CNY 176.475 billion, an increase of 4.5 percent from the same period in 2025.

Profit growth stays positive

According to Zhitong Finance on August 28, 2026, ICBC reported operating income of CNY 446.163 billion for the six months ended June 30, 2026, up 9.06 percent year over year. Net interest income rose 8.82 percent to CNY 341.237 billion, while basic earnings per share reached CNY 0.47.

The earnings mix was less uniform than the headline profit figure. Non-interest income increased 9.9 percent to CNY 104.926 billion, but provisions for asset impairment losses rose 22.2 percent to CNY 127.756 billion. The annualized net interest margin was 1.17 percent, up 1 basis point year over year, according to the same interim-results report.

Asset quality supports the case

Shanghai Stock Exchange reported that ICBC's total assets reached CNY 57.07 trillion at the end of June 2026. The nonperforming loan ratio was 1.29 percent, down 0.02 percentage points from the end of 2025, while the provision coverage ratio rose 3.98 percentage points to 217.58 percent.

That combination gives investors two competing signals: revenue growth is running ahead of profit growth, while credit indicators improved. The balance between expanding income and rising provisions is therefore central to the bank's next earnings comparison.

Daiwa starts with Hold

According to Zhitong Finance on September 21, 2026, Daiwa initiated coverage with a Hold rating and an HKD 7.8 target price for ICBC's H shares. Daiwa projected annual operating-profit growth of 4 percent to 8 percent from 2026 through 2028 and forecast dividends per share of RMB 0.319, RMB 0.336 and RMB 0.358 for those years.

Stock remains below yearly high

ICBC's CNY 8.13 reference price on September 24, 2026, was below its 52-week high of CNY 8.40 and above its 52-week low of CNY 6.85. Market capitalization stood at CNY 2,897,582,876,743, with trading volume of 267,588,974 shares.