ICICI Bank (IBN) Declines as Investors Price In Better-than-Expected Earnings

Group 1 - ICICI Bank Ltd. experienced a significant decline in share prices, dropping by 5.89% to close at $31, as investors reacted to better-than-expected earnings performance for Q2 FY2026 [1] - The bank reported a net income after tax increase of 5% to 123.59 billion rupees, compared to 11.7 billion rupees in the same period last year, with a total six-month profit of 251.27 billion rupees [2] - Analysts had anticipated a net profit of 122.36 billion rupees, indicating that the actual performance slightly exceeded expectations [2] Group 2 - Net interest income for ICICI Bank grew by 7.4% to 215.29 billion rupees from 200.5 billion rupees in the same comparable period [2] - The strong performance was supported by lower provisions against bad loans, which helped to mitigate a significant drop in treasury income, which fell by 67.6% to 2.2 billion rupees from 6.8 billion rupees year-on-year [3]