“息差保卫战”出战绩，8家上市银行息差环比二季度扩大

Core Viewpoint - The overall net interest margin (NIM) of A-share listed banks shows signs of stabilization and recovery, reflecting positive trends in the banking sector's performance in Q3 [2][3][5]. Group 1: Net Interest Margin Trends - Among the 26 listed banks that disclosed NIM data, 12 banks reported stable or improved NIM, indicating a significant expansion in the stabilization [3][5]. - Notably, smaller banks such as Guiyang Bank and Minsheng Bank showed the most significant improvements, with Guiyang Bank's NIM increasing by 0.04 percentage points [3][4]. - The number of banks with stable or rising NIM in Q3 is markedly higher compared to the previous two quarters, suggesting a positive shift in the banking sector [3][5]. Group 2: Factors Influencing NIM - The stabilization of NIM is attributed to banks' proactive management of liabilities and the delayed effects of monetary policy [2][4]. - Banks have optimized deposit structures and managed high-interest deposits effectively, alleviating funding cost pressures [4][5]. - The "policy bottom" established by previous monetary and fiscal measures has reinforced the stability of the financial system [4]. Group 3: Profitability and Asset Quality - In Q3, 35 out of 42 listed banks reported year-on-year net profit growth, with 16 banks achieving growth rates exceeding 5% [7]. - The fastest-growing banks in terms of net profit include Qilu Bank and Qingdao Bank, with growth rates of 16.14% and 15.86%, respectively [7]. - Asset quality has also improved, with 32 banks reporting stable or reduced non-performing loan (NPL) ratios compared to the beginning of the year [7][8].