Net Interest Margin Reaches 2.5%, Changshu Bank Releases Q1 Report

On the evening of April 23, Jiangsu Changshu Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Changshu Bank") released its 2025 annual report and 2026 first-quarter report. Data shows that in 2025, Changshu Bank achieved robust growth in both revenue and net profit, with net profit exceeding 4.2 billion yuan. Entering 2026, the growth momentum continued in the first quarter, with net profit increasing over 11% year-on-year. While total assets surpassed 400 billion yuan, the proportion of demand deposits rose, and personal business loans grew steadily. Despite pressure on industry interest margins, its net interest margin of 2.50% remained at the leading level. Assets Reach New Heights In 2025, Changshu Bank recorded operating revenue of 11.619 billion yuan, a year-on-year increase of 6.51%; net profit attributable to shareholders of the listed company reached 4.219 billion yuan, up 10.65% year-on-year. Entering 2026, the growth trend persisted. In the first quarter, operating revenue was 3.171 billion yuan, up 6.74% year-on-year; net profit attributable to parent company shareholders was 1.204 billion yuan, up 11.10% year-on-year. As of the end of 2025, total assets stood at 403.079 billion yuan, officially entering the "400 billion club," representing a 9.96% year-on-year increase. As of the end of March 2026, Changshu Bank's total assets reached 419.435 billion yuan, an increase of 4.06% from the end of 2025; net assets attributable to shareholders of the listed company were 32.758 billion yuan, up 4.39% from the beginning of the year. Optimization of Deposit Structure Changshu Bank proactively optimized its liability structure, demonstrating effective cost control. As of the end of the first quarter of 2026, total deposits reached 327.784 billion yuan, an increase of 6.33% from the beginning of the year. Among them, the proportion of demand deposits was 21.87%, up 2.31 percentage points from the beginning of the year, helping to reduce liability costs. Within savings deposits, the proportion of terms two years or less was 52.36%, up 1.62 percentage points from the beginning of the year. Loan Focus on Inclusive Micro-Business On the asset side, the bank continues to deepen its work in supporting agriculture and small businesses. As of the end of the first quarter of 2026, total loans amounted to 269.373 billion yuan, an increase of 5.15% from the beginning of the year. Specifically, the balance of personal loans was 138.710 billion yuan, and the balance of personal business loans was 95.304 billion yuan, representing increases of 1.315 billion yuan and 679 million yuan respectively compared to the same period last year, solidifying the foundation of inclusive micro-business operations. Corporate loans also achieved rapid growth, with a balance of 111.243 billion yuan at the end of the first quarter, up 12.23% from the beginning of the year. Interest Margin Leads Industry Facing industry-wide pressure on narrowing net interest margins, Changshu Bank proactively optimized its deposit structure, deepened cost control, actively expanded its customer base and coverage, and explored high-quality assets. Its net interest margin and net interest spread continue to lead the industry. In the first quarter of 2026, its net interest margin was 2.50%, and the net interest spread was 2.37%. Although slightly narrower than the 2.53% and 2.38% recorded at the end of 2025, these figures remain significantly higher than the industry average. The annualized return on assets (ROA) was 1.25%, an improvement from 1.16% at the end of 2025. Wealth Management Push A significant change in the first-quarter report is the substantial increase in the "precious metals" category. As of the end of the first quarter of 2026, precious metal assets reached 320 million yuan, surging 150.16% from the end of 2025. The report explains this is mainly due to "strengthening wealth management business, leading to an increase in precious metal business," indicating a new direction for the bank in expanding intermediary businesses. However, some non-interest income items fluctuated. In the first quarter, other income, exchange gains, and asset disposal income decreased year-on-year by 74.85%, 74.35%, and 87.57% respectively, primarily affected by reduced subsidies, changes in exchange valuation, and lower income from disposing of assets taken in lieu of debt. Risk Disclosure and Disclaimer Investment involves risk; caution is advised. This article does not constitute individual investment advice and has not considered the specific investment objectives, financial status, or needs of any particular user. Users should consider whether any opinions, viewpoints, or conclusions contained herein align with their specific circumstances. Investments made based on this content are the sole responsibility of the investor.