10家A股上市农商银行业绩披露→

Core Insights - The 10 A-share listed rural commercial banks reported a dual increase in revenue and net profit attributable to shareholders for 2024, despite challenges from economic changes and a decline in net interest margins [1][3]. Group 1: Financial Performance - Ruifeng Bank is the only institution among the 10 A-share listed rural commercial banks to achieve a total asset growth rate exceeding 10%, with total assets reaching 220.503 billion yuan, ranking it higher in total assets among its peers [2]. - Ruifeng Bank's net interest margin decreased by 0.23 percentage points, but its interest income remained above 3 billion yuan due to high business growth, leading to over 10% growth in both operating revenue and net profit [2]. - Changshu Rural Commercial Bank also reported over 10% year-on-year growth in both revenue and net profit, with net profit reaching 3.813 billion yuan and revenue surpassing 10 billion yuan, attributed to a relatively stable net interest margin of 2.71% [2]. Group 2: Non-Interest Income - The overall narrowing of interest margins among A-share listed rural commercial banks was evident, with all banks except Changshu experiencing a decline in interest income, while non-interest income grew rapidly, highlighting its significant contribution to revenue [3]. Group 3: Service Differentiation - The banks focused on enhancing their service models and product systems, adjusting interest rate management and operational methods to mitigate the impact of margin changes and insufficient effective demand [4]. - Chongqing Rural Commercial Bank implemented a detailed service management system and promoted a differentiated financial service system to better serve agricultural needs [4]. - Qingdao Rural Commercial Bank innovated with a "Farm Calendar" to align financial services with agricultural production cycles, while Wuxi Rural Commercial Bank leveraged its social security card services for cross-marketing opportunities [4]. Group 4: Risk Management - A-share listed rural commercial banks maintained high asset quality levels, with 8 out of 10 banks reporting stable or improved non-performing loan (NPL) ratios, with Jiangyin Rural Commercial Bank showing the most significant improvement [6][7]. - Chongqing, Qingdao, and Suzhou Rural Commercial Banks also reported slight decreases in their NPL ratios, while Changshu and Zijin experienced minor increases [6]. - Many banks saw a decline in their provision coverage ratios, indicating effective risk management practices, with only Qingdao and Ruifeng banks showing slight increases in their coverage ratios [7].