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<Results>ICBC 2024 NP Up 0.5% to RMB365.863B In Line; Final DPS RMB16.46 Cents
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ICBC (01398.HK) announced its full-year results for the period ending December 31, 2024. Operating income was RMB786.126 billion, down 2.5% YoY. Net profit reached RMB365.863 billion, up 0.5% YoY, broadly in line with market expectations (based on a median forecast of RMB366.28 billion from six brokers compiled by this website, up 0.6% YoY), with EPS at RMB0.98.

The final dividend is RMB1.646 per 10 shares, equivalent to RMB16.46 cents per share, compared to RMB3.064 per 10 shares in the same period last year.

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During the period, net interest income was RMB637.405 billion, down 2.7%. Affected by factors such as reduction in the LPR, batch adjustments of outstanding mortgage rates and changes in the structure of deposit maturities, net interest spread and net interest margin (NIM) were 1.23% and 1.42% respectively, down 18 bps and 19 bps respectively from the previous year.
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