Ping An of China (02318): Ping An Bank's net profit for the first three quarters was 39.186 billion yuan, up 2.2% year on year

According to the Zhitong Finance App, Ping An of China (02318) announced that from January to September 2026, Ping An Bank achieved operating income of 103.1 billion yuan, an increase of 2.4% over the previous year, and realized net profit of 39.186 billion yuan, an increase of 2.2% over the previous year. Net interest income increased 0.3% year over year, and net interest spread was 1.80%, up 1 basis point from the same period last year and 2 basis points higher than the full year of last year. Net non-interest income increased 6.5% year on year, and net non-interest income accounted for 35.25%, up 1.36 percentage points year on year. Mainly, net non-interest income from wealth management, bond investment and other businesses increased year on year. The bank drove cost reduction and efficiency through digital transformation. The cost-revenue ratio was 27.01%, down 0.46 percentage points from the previous year.