A股农商行去年业绩分化明显！渝农商行、沪农商行资产差距缩小，青农商行不良率最高

Core Viewpoint - The ten A-share listed rural commercial banks have reported a combined operating income of 103.27 billion yuan for 2024, reflecting a year-on-year growth of 3.5%, with a total net profit of 42.13 billion yuan, up 5.7% year-on-year [1][2][3]. Financial Performance - All ten rural commercial banks achieved growth in both revenue and net profit, with Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank each exceeding 20 billion yuan in revenue [3]. - The highest revenue growth was seen in Changshu Bank and Ruifeng Bank, with increases of 10.53% and 15.29% respectively [4]. - The lowest revenue was recorded by Jiangyin Bank at 3.96 billion yuan [3]. Revenue and Profit Breakdown - Chongqing Rural Commercial Bank reported an operating income of 28.26 billion yuan, a slight increase of 1.09%, and a net profit of 11.51 billion yuan, up 5.60% [2]. - Shanghai Rural Commercial Bank's operating income was 26.64 billion yuan, with a net profit of 12.29 billion yuan, reflecting a growth of 1.20% [2]. - Ruifeng Bank's revenue growth was primarily driven by a significant increase in non-interest income, which rose by 84.25% [4]. Asset Scale - As of the end of last year, only Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank had total assets exceeding 1 trillion yuan, while others remained below 500 billion yuan [1][7]. - Chongqing Rural Commercial Bank had the highest total assets at over 1.5 trillion yuan, with significant growth in customer loans and financial investments [7][10]. Asset Quality - Seven of the rural commercial banks reported non-performing loan (NPL) ratios below 1%, with Qingnong Bank having the highest NPL ratio at 1.79% [11][12]. - Changshu Bank and Wuxi Bank had NPL ratios below 0.8%, at 0.77% and 0.78% respectively [12]. - The provision coverage ratios varied significantly, with Changshu Bank maintaining a high ratio of 500.51% despite a decrease [13][15].