XIANMEN BANK(SH:601187) Nan Fang Du Shi Bao·2025-10-30 12:21Core Viewpoint - Xiamen Bank reported a turnaround in its financial performance for the first three quarters of 2025, with both operating income and net profit showing positive growth after experiencing declines earlier in the year [2][5][6]. Financial Performance - For the first three quarters of 2025, Xiamen Bank achieved operating income of 4.29 billion yuan, a year-on-year increase of 3% [2][5]. - The net profit attributable to shareholders reached 1.934 billion yuan, reflecting a slight increase of 0.25% year-on-year [2][5]. - The bank's performance in the third quarter showed a significant recovery, with a quarterly revenue increase of 25.88% compared to the previous year [6]. Revenue Structure - As of September 30, 2025, the bank's net interest income was 3.091 billion yuan, up 3.63% year-on-year, benefiting from growth in scale and stable interest margins [6]. - The net income from fees and commissions reached 332 million yuan, with a growth rate of 16.04% [6]. Asset and Liability Management - Total assets as of September 30, 2025, amounted to 442.56 billion yuan, an increase of 8.52% from the end of the previous year [6][7]. - The total loans and advances reached 234.52 billion yuan, growing by 14.15% [6]. - Total liabilities were 409.45 billion yuan, up 9.06%, with total deposits increasing by 11.18% to 238.10 billion yuan [6]. Equity and Earnings Per Share - The equity attributable to ordinary shareholders was 26.31 billion yuan, a 2.60% increase from the end of the previous year [6][7]. - The earnings per share (EPS) for the bank was reported at 0.25 yuan, reflecting a year-on-year increase of 13.64% [4]. Asset Quality - The non-performing loan (NPL) ratio stood at 0.80%, with a provision coverage ratio of 304.39%, indicating stable asset quality [7][8]. Management Changes - The bank's recent performance recovery may be linked to significant management changes, including the introduction of two executives from Industrial Bank, both of whom have extensive experience in the Fujian region [10][15].