13家上市银行业绩快报点评：银行行业：盈利稳中向好，资产质量稳健

Investment Rating - The industry investment rating is "Positive" [7] Core Viewpoints - The performance report of 13 listed banks indicates that profitability is steadily improving, primarily driven by growth in non-interest income and a recovery in credit demand from quality regional banks [5][6] - The overall asset quality remains stable, with a mixed performance in the provision coverage ratio among the banks [5] Summary by Sections Profitability - The combined revenue of the 13 banks for 2024 is expected to grow by 2.16% year-on-year and 1.18 percentage points quarter-on-quarter, with significant contributions from non-interest income [2] - The net profit for these banks is projected to increase by 5.17% year-on-year and 1.45 percentage points quarter-on-quarter, with five banks achieving net profit growth exceeding 10% [3] Scale Growth - Total assets of the 13 banks increased by 8.08% year-on-year and 0.16 percentage points quarter-on-quarter, while loan growth slightly declined [4] - Deposits showed good growth, with a year-on-year increase of 11.33% and a quarter-on-quarter rise of 2.7 percentage points [4] Asset Quality - Among the 12 banks reporting non-performing loan ratios, only one bank saw a slight increase, while the others maintained or reduced their ratios [5] - The overall provision coverage ratio is adequate, with the highest being 541.45% for Hangzhou Bank, although some banks experienced a decline in their coverage ratios [5][24] Investment Recommendations - The report suggests that the overall profitability of listed banks is expected to grow steadily in 2024, driven by the favorable debt market environment and improved credit demand [5] - The investment focus for 2025 is anticipated to be on long-term capital inflows and index-based investments, enhancing the value of high-dividend stocks [5]