Core Viewpoint - The growth logic of city commercial banks is changing, as exemplified by Xiamen Bank's 2025 performance report, which highlights a strategy of "increasing volume to compensate for price" Group 1: Financial Performance - As of the end of 2025, Xiamen Bank's total assets reached 453.099 billion yuan, a year-on-year increase of 11.11%, with loans and advances growing even more aggressively by 18.39% [1] - The bank achieved total operating revenue of 5.856 billion yuan in 2025, reflecting a year-on-year growth of 1.69%, while net profit attributable to shareholders reached 2.634 billion yuan, with a growth rate of 1.52% [1] Group 2: Asset and Profitability Dynamics - The bank's asset growth significantly outpaced revenue and profit growth, with asset growth being over six times that of revenue growth, indicating a dilution of return on assets [3] - The rapid expansion of the balance sheet has not translated proportionately into the income statement, highlighting the common industry challenge of narrowing interest margins [3] Group 3: Provision Coverage and Asset Quality - By the end of 2025, the bank's provision coverage ratio was 312.63%, a significant decrease of 79.32 percentage points compared to the previous year, indicating potential pressure on profit maintenance [4] - The slight increase in non-performing loan ratio to 0.77% suggests that the decline in provision coverage may be a response to revenue pressures rather than an improvement in asset quality [5] Group 4: Liquidity and Growth Strategy - The growth rate of deposits at Xiamen Bank was 13.75%, which lagged behind loan growth by nearly 5 percentage points, leading to an increased loan-to-asset ratio [7] - This strategy of consuming liquidity to achieve asset growth may pose long-term challenges to capital adequacy and liquidity management [7] Group 5: Industry Context - Overall, Xiamen Bank's 2025 report illustrates the typical struggles of small and medium-sized banks during a period of narrowing interest margins, relying on rapid asset expansion to offset declining margins while depleting provision resources to maintain profit growth [8]

1月28日金融一线消息，厦门银行发布公告称，公司第九届董事会第二十九次会议审议并通过《厦门银 行股份有限公司关于聘任首席合规官的议案》，同意聘任行长助理、首席风险官陈松兼任首席合规官， 任期至第九届董事会届满之日止。陈松首席合规官的任职资格经董事会审议通过后需报请监管部门核 准。 简历显示，陈松1974 年 5 月出生，中国国籍，无境外永久居留权，本科学历。历任兴业银行厦门分行 法律事务室职员、同安支行办公室主任、风险管理部科室经理；平安银行厦门分行风险管理部总经理、 授信审批部总经理；平安银行总行战略发展部合规负责人；平安商贸有限公司总经理；公司授信管理部 总经理。现任公司行长助理兼首席风险官。 责任编辑：王馨茹 1月28日金融一线消息，厦门银行发布公告称，公司第九届董事会第二十九次会议审议并通过《厦门银 行股份有限公司关于聘任首席合规官的议案》，同意聘任行长助理、首席风险官陈松兼任首席合规官， 任期至第九届董事会届满之日止。陈松首席合规官的任职资格经董事会审议通过后需报请监管部门核 准。 简历显示，陈松1974 年 5 月出生，中国国籍，无境外永久居留权，本科学历。历任兴业银行厦门分行 法律事务室职员、同 ...

截至2025年末，本行不良贷款率0.77%，维持良好水平；拨备覆盖率312.63%，风险抵补能力保持充 足。 格隆汇1月28日丨厦门银行(601187.SH)公布2025年度业绩快报，2025年度，本行实现营业收入58.56亿 元，同比增长1.69%，其中，实现利息净收入41.91亿元，同比增长4.66%；实现利润总额27.68亿元，同 比增长1.18%；实现净利润27.50亿元，同比增长1.64%。 ...

截至2025年末，本行不良贷款率0.77%，维持良好水平；拨备覆盖率312.63%，风险抵补能力保持充 足。 格隆汇1月28日丨厦门银行(601187.SH)公布2025年度业绩快报，2025年度，本行实现营业收入58.56亿 元，同比增长1.69%，其中，实现利息净收入41.91亿元，同比增长4.66%；实现利润总额27.68亿元，同 比增长1.18%；实现净利润27.50亿元，同比增长1.64%。 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：601187 证券简称：厦门银行 公告编号：2026-001 厦门银行股份有限公司 2025 年度业绩快报公告 本公告所载2025年度主要财务数据为初步核算的集团口径数据，未经会计师 事务所审计，具体数据以厦门银行股份有限公司（以下简称"本行"）2025年年 度报告中披露的数据为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 1 单位：亿元 币种：人民币 项目 本报告期 （未经审计） 上年同期 （经审计） 增减变动幅度 （%） 营业总收入 58.56 57.59 1.69 营业利润 27.68 27.49 0.66 利润总额 27.68 27.35 1.18 净利润 27.50 27.06 1.64 归属于上市公司股东的净 利润 26.34 25.95 1.52 归属于上市公司股东的扣 除非经常性损益的净利润 26.31 26.08 0.90 基本每股收益（元） 0.90 0.89 1.12 加权平均净资产收益率 （%） 9.05 9.36 下降 0. ...

证券代码：601187 证券简称：厦门银行 公告编号：2026-002 厦门银行股份有限公司 第九届董事会第二十九次会议决议公告 厦门银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 厦门银行股份有限公司（以下简称"公司"）第九届董事会第二十九次会议 通知于 2026 年 1 月 19 日以电子邮件方式发出，会议于 2026 年 1 月 28 日在厦门 以现场会议方式召开，由洪枇杷董事长召集并主持。本次会议应出席的董事 12 人，亲自出席会议的董事 12 人。公司监事及高级管理人员列席了会议。本次会 议的召集、召开程序符合《中华人民共和国公司法》等法律法规和《厦门银行股 份有限公司章程》的有关规定。 与会董事对议案进行了审议，形成如下决议： 表决结果：以 12 票赞成，0 票反对，0 票弃权获得通过。 同意聘任行长助理、首席风险官陈松兼任首席合规官，任期至第九届董事会 届满之日止。简历详见附件。 陈松首席合规官的任职资格经董事会审议通过后需报请监管部门核准。 本议案已经公司董事会提名与薪酬委员会审议通过，独立董事对本 ...

厦门银行公告，2025年度，实现营业总收入58.56亿元，同比增长1.69%；净利润27.5亿元，同比增长 1.64%；归属于上市公司股东的净利润26.34亿元，同比增长1.52%；基本每股收益0.90元，同比增长 1.12%。 ...

从资金流向上来看，当日城商行板块主力资金净流入7.24亿元，游资资金净流入8565.32万元，散户资金 净流出8.1亿元。城商行板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600919 江苏银行 | | 2.49 Z | 13.77% | -2499.87万 | -1.38% | -2.24 Z | -12.39% | | eoilea | 北京银行 | 2.15 Z | 16.03% | -3997.26万 | -2.97% | -1.75 Z | -13.06% | | 601229 上海银行 | | 1.08亿 | 13.65% | 4314.61万 | 5.44% | -1.51 Z | -19.09% | | 6000009 | 南京银行 | 8171.13万 | 11.53% | 3568.90万 | 5.04% | -1.17 Z | -16.56% | | 601838 ...

Market Performance - The city commercial bank sector increased by 0.13% compared to the previous trading day, with Qingdao Bank leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - Qingdao Bank (002948) closed at 4.61, up 2.22% with a trading volume of 820,200 shares and a transaction value of 376 million [1] - Ningbo Bank (002142) closed at 30.55, up 0.86% with a trading volume of 507,200 shares and a transaction value of 1545 million [1] - Hangzhou Bank (600926) closed at 15.69, up 0.71% with a trading volume of 837,900 shares and a transaction value of 1323 million [1] - Qilu Bank (601665) closed at 5.59, up 0.54% with a trading volume of 649,200 shares and a transaction value of 363 million [1] - Chongqing Bank (601963) closed at 10.36, up 0.39% with a trading volume of 91,200 shares and a transaction value of 94.52 million [1] - Shanghai Bank (601229) closed at 9.27, up 0.11% with a trading volume of 635,000 shares and a transaction value of 593 million [1] - Other banks such as Changsha Bank, Xiamen Bank, and Suzhou Bank showed minimal changes in their stock prices [1] Capital Flow - The city commercial bank sector saw a net inflow of 404 million from main funds, while retail investors experienced a net outflow of 4.15 billion [2] - The main funds' net inflow and outflow for individual banks varied, with Ningbo Bank and Jiangsu Bank showing significant inflows [3] - Retail investors showed notable outflows in several banks, indicating a shift in investment sentiment [3]

Investment Rating - The report maintains a positive long-term outlook for the insurance sector, indicating a strong continuity in market performance despite recent fluctuations [2][12][16]. Core Insights - The financial sector experienced a mixed performance this week, with the non-bank financial index down by 1.45%, underperforming the CSI 300 index by 0.83 percentage points. The insurance sector saw a decline of 4.02%, while the brokerage sector decreased by 0.61% [1][10]. - The insurance sector's performance is driven by two main factors: policy support leading to economic recovery and liquidity easing combined with a strong stock market. The report suggests a shift from liquidity-driven growth to a focus on macro policy support and economic recovery expectations [2][13][16]. - The brokerage sector is expected to benefit from new regulations that enhance investment management quality, with a recommendation to focus on larger, undervalued firms and those involved in mergers and acquisitions [3][18]. - The banking sector is facing a slight decline, but there are signs of recovery in profitability for leading banks, with recommendations to focus on banks with high dividend yields and those expected to benefit from market conditions [19][21]. Summary by Sections Insurance Sector - The insurance sector's recent decline is attributed to short-term market sentiment and liquidity changes, but the long-term outlook remains positive due to strong support from both the liability and asset sides [2][12][16]. - Key recommendations include focusing on companies like China Pacific Insurance, China Ping An, China Life (H), and China Taiping, with a specific recommendation for New China Life [4][16]. Brokerage Sector - The brokerage sector's performance is slightly better than the overall market, with a focus on the new guidelines from the regulatory body that aim to improve fund management quality [3][17]. - Recommended firms include Guotai Junan, Huatai Securities, and others, particularly those with strong merger and acquisition prospects [4][18]. Banking Sector - The banking sector has shown a decline but is expected to stabilize, with recommendations to focus on banks with high earnings elasticity and strong dividend yields [19][21]. - Specific banks to watch include Hangzhou Bank, Ningbo Bank, and others, with a focus on those that have previously been undervalued [4][21].