[Domestic Bank Stocks Performance] Several domestic banks cut final dividends, with the largest decrease at 16%. An article to understand the 2025 performance of major domestic bank stocks (updating continuously)

The domestic banks have gradually announced their full-year results for 2025. Among the four major state-owned domestic banks, Industrial and Commercial Bank of China (01398) and China Construction Bank (00939) were the first to announce their results on Friday (27th). ICBC’s revenue increased by 2% last year, with net profit rising by 0.7%, and the final dividend increased by 3% year-on-year to 16.89 cents RMB. China Merchants Bank’s final dividend is 1.003 RMB, and the annual dividend per share increased by 0.8% year-on-year to 2.016 RMB.

Several domestic banks have reduced their final dividend per share year-on-year, including China Construction Bank, Bank of Communications (03328), and Postal Savings Bank (01658).

Bank of China (03988) and Agricultural Bank of China (01288) will announce their results next Monday (30th).

Table of Contents

				*   					A summary of major domestic bank dividend distributions for 2025
					
				*   					A summary of domestic bank performance indicators for 2025
					
				*   					ICBC's non-interest income increased by 12%, driving revenue growth
					
				*   					China Construction Bank's final dividend decreased by 2% year-on-year, with the annual payout ratio dropping to 29.9%
					
				*   					China Merchants Bank's revenue slightly increased by less than 0.1%, net interest income rose by 2%
					
				*   					Bank of Communications' final dividend decreased by 15% year-on-year
					
				*   					Postal Savings Bank's final dividend decreased by 16% year-on-year
					
				*   					CITIC Bank's final dividend is 19.3 cents RMB, an increase of 12% year-on-year
					
		

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A summary of major domestic bank dividend distributions for 2025

A summary of domestic bank performance indicators for 2025

ICBC’s non-interest income increased by 12%, driving revenue growth

ICBC (01398) announced that it achieved a net profit of 368.56 billion RMB (same below) for the full year of 2025, an increase of 0.7% year-on-year, with basic earnings per share of 1 RMB, up by 2% year-on-year.

ICBC President Liu Jun discussed the outlook for 2026 dividends at the earnings announcement: If the market calls for an increase in the dividend rate, ICBC will definitely respond to market demands.

The bank’s revenue for the year was 801.4 billion RMB, an increase of 2%. Among them, net interest income decreased by 0.4% to 635.13 billion RMB; non-interest income increased by 12% to 166.27 billion RMB. Operating expenses increased by 2% year-on-year to 246.87 billion RMB. Credit asset impairment increased by 6% year-on-year to 132.97 billion RMB. Income tax expenses decreased by 2% year-on-year to 53.67 billion RMB.

During the period, affected by the adjustment of the loan market quotation rate (LPR) and changes in the deposit term structure, the net interest yield was 1.28%, a decrease of 14 basis points year-on-year. Additionally, the provision coverage ratio was 213.6%, a decrease of 1.31 percentage points year-on-year; the loan provision ratio was 2.79%, a decrease of 0.08 percentage points.

ICBC earnings announcement

CCB’s final dividend decreased by 2% year-on-year, with the annual payout ratio dropping to 29.9%

CCB reported a 2% increase in revenue last year, with net profit increasing by 1%, and the final dividend per share decreased by 2% year-on-year to 20.29 cents RMB.

CCB: The decline in net interest margin is expected to narrow further this year.

CCB earnings announcement

CMB’s revenue slightly increased by less than 0.1%, net interest income rose by 2%

CMB’s net operating income for the full year of 2025 increased slightly by 0.05% year-on-year to 337.27 billion RMB, with net interest income of 215.59 billion RMB, up by 2% year-on-year. Non-interest net income was 121.68 billion RMB, a decrease of 3.3%.

CMB’s final dividend is 1.003 RMB, with net interest margin increasing by 3 basis points quarter-on-quarter.

CMB earnings announcement

Bank of Communications’ final dividend decreased by 15% year-on-year

Bank of Communications (03328) reported a 2% increase in net profit for 2025, but the final dividend per share decreased by 15% year-on-year to 16.84 cents RMB. The total annual dividend is 32.47 cents RMB, a decrease of 14% year-on-year.

Bank of Communications earnings announcement

Postal Savings Bank’s final dividend decreased by 16% year-on-year

Postal Savings Bank (01658) reported a 1.1% increase in net profit for 2025, but the final dividend per share decreased by 16% year-on-year to 9.53 cents RMB. The total annual dividend is 21.83 cents RMB, a decrease of 17% year-on-year.

Postal Savings Bank earnings announcement

CITIC Bank’s final dividend is 19.3 cents RMB, an increase of 12% year-on-year

CITIC Bank reported a net profit of 70.62 billion RMB last year, an increase of 3% year-on-year, with earnings per share of 1.2 RMB, and a final dividend of 19.3 cents (including tax), an increase of 12% year-on-year. Including the interim dividend, the total annual dividend is 0.381 RMB (including tax). CITIC Bank’s net interest income was 144.47 billion RMB, a decrease of 1.5%. The net interest margin was 1.63%, narrowing by 0.14 percentage points; non-interest income was 68.167 billion RMB, an increase of 2.44%. Operating income was 212.636 billion RMB, a decrease of 0.28% year-on-year.

CITIC Bank reported a net profit increase of 3% last year, with the final dividend increased by 12% to 0.193 RMB. The current dividend yield is 5.8%.

CITIC Bank earnings announcement

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