The third quarter report of 37 A-share listed banks has been closed. From the data point of view, the pressure of fee reduction and interest reduction and large withdrawal of credit impairment loss is gradually fading, the overall performance of the performance is basically in line with market expectations, and the main indicators are gradually recovering growth. This paper finds that the performance differentiation of different types of banks is obvious. Most of the regional banks’ revenue and net profit growth rate recovered to positive growth; large state-owned banks and joint-stock banks still increased income but did not increase profit, but the decline rate of net profit growth rate has narrowed. Among them, the net profit growth rate of some banks in the third quarter recovered to positive growth, reflecting the key indicator of profitability – interest margin level generally rebounded. < p > < p > from the data point of view, the asset scale expansion speed of listed banks does not decrease, while the revenue and net profit increase year-on-year are mainly concentrated in regional banks. For example, in the first three quarters, the year-on-year growth rates of revenue and net profit of Bank of Ningbo were 18.42% and 5.21% respectively, while that of Hangzhou bank were 16.23% and 5.1% respectively. For example, in the first three quarters, Ping An Bank realized a net profit of 22.398 billion yuan, a year-on-year decrease of 5.2%, but the decline rate has been significantly narrowed compared with 11.2% in the first half of the year. At the same time, the bank’s net profit to its parent in the third quarter was up 6.1% year-on-year. In the first three quarters, the growth rate of net profit attributable to parent company decreased by 0.82% year-on-year in the first three quarters, which was better than the data in the first half of the year. Meanwhile, the growth rate of net profit in the third quarter recovered to positive growth. < / P > < p > several banks are happy and a few are worried, and some banks are facing greater performance pressure. For example, in the first three quarters, the net profit of Minsheng Bank decreased by 18% year-on-year, and the growth rate of single quarter net profit in the third quarter also decreased by 36%. Minsheng Bank said that the main reason for the decline in net profit was to increase the provision and asset disposal. < p > < p > the performance of state-owned banks is similar to that of joint-stock banks. The decrease of net profit growth rate in the first three quarters is narrower than that in the first half of the year. At the same time, some banks have resumed positive growth in the third quarter. In particular, postal savings bank, the bank’s net profit in the third quarter increased by 13.5% year-on-year in the third quarter, and decreased by 28.1% compared with the same period in the second quarter, which was significantly improved, exceeding market expectations. < p > < p > looking back on the performance of the semi annual report, the reason why the growth rate of net profit of listed banks in the first half of the year has declined collectively is mainly due to the impact of the epidemic situation. The banks actively offered to support the real economy. At the same time, in order to clear the risk, they made a large amount of impairment loss in the second quarter. From the perspective of the third quarter report, with the clear prospect of economic recovery, the above impact is gradually fading, and the effect of provision impairment has slowed down to a certain extent. < / P > < p > it is worth noting that wind statistics show that about two-thirds of the listed banks have not recovered the positive growth of net profit growth in the third quarter on a year-on-year basis. According to the two key indicators of profitability of listed banks, net interest margin and net interest margin, although the third quarter report shows that it still narrowed year on year, there are many regional banks and joint-stock banks with obvious recovery in the three quarters. < p > < p > China Merchants Bank’s retail loan growth resumed, and its net interest income and handling fee income increased significantly in the third quarter. At the same time, benefiting from the decrease of deposit cost, the net interest margin and net interest margin of the bank in the third quarter were 2.52% and 2.61% respectively, with a month on month increase of 7bp (basis point) and 9bp respectively, exceeding market expectations. < / P > < p > for other joint-stock banks, such as industrial bank and China CITIC Bank, the quarter to quarter spread of the third quarter is also improving. In addition, regional banks, such as Bank of Ningbo, Bank of Jiangsu and other single quarter net interest margin also widened in the third quarter. < p > < p > what is more surprising is that Changshu bank, as a representative of the listed agricultural commercial bank, saw a significant decline in the net interest margin in the third quarter on a month on month basis. In this regard, the team of Wanlian securities bank believes that since this year, the return on interest bearing assets of the bank has declined month on month due to factors such as the downward quotation interest rate (LPR) in the loan market at the beginning of the year, and the loose funding in the money market. Combined with the medium-term data, the cost of liabilities increased significantly in the third quarter of the bank, resulting in a significant increase in the decline of net interest margin on a quarter on quarter basis. < p > < p > in comparison, the interest spread of large banks is facing certain challenges. For example, CCB’s net interest margin fell by 1bp to 2.13% in the third quarter, with a year-on-year decrease of 14bp. Ma Xiangyun, an analyst at Soochow securities bank, explained that due to the downward loan interest rate and fierce deposit competition, it is expected that the bank’s net interest margin may still decline slightly due to the influence of loan repricing in the fourth quarter. < p > < p > after strengthening efforts to deal with non-performing assets, the asset quality of listed banks has improved significantly, and the provision has gradually returned to normal. But in terms of types, the performance of various banks is also different. Among the joint-stock banks, Ping An Bank had a non-performing rate of 1.32% by the end of the third quarter, which was significantly improved compared with the same period of last year; the non-performing rate of Industrial Bank was 1.47%, which was much lower than that of the same period of last year. The asset quality of regional banks such as Bank of Hangzhou, Bank of Zhangjiagang, Bank of Zhengzhou, Bank of Suzhou and other regional banks have significantly improved, and the provision has increased compared with the same period of last year, and gradually returned to normal. However, the asset quality of many banks is still under pressure. According to the reporter’s analysis, the non-performing rate of about 15 banks increased compared with the same period of last year or the end of last year. Among them, the non-performing rate of six major banks, such as Agricultural Bank of China, industrial and Commercial Bank of China, has increased. In particular, the non-performing rate of Bank of communications was 1.67% as of the end of the third quarter, which was much higher than that of 1.47% in the same period of last year. It is worth mentioning that although the non-performing rate of the postal savings bank has increased slightly, it is still lower than 1%, which is the lowest among the national banks. Moreover, the new non-performing loans were well controlled. According to the calculation of China Merchants International Research Report, the generation rate of non-performing loans of the bank dropped to 0.14%, and the non-performing loan ratio decreased by 1bp to 0.88% month on month. Due to the good asset quality foundation, the asset impairment loss of postal savings bank in the first three quarters only increased by 1.8% year-on-year, which was significantly lower than the growth level in the first half of the year. As of the end of the third quarter, the bank’s provision coverage rate was 403%, a slight increase of 3 percentage points compared with the end of the second quarter. China CITIC Bank and Minsheng Bank have great pressure on asset quality. By the end of the third quarter, the non-performing rate of the two banks increased a lot, which were 1.98% and 1.83% respectively. At the same time, the provision coverage rates of the two banks are 170% and 145.9% respectively. Although they remain stable and meet the regulatory red line%, they are at a low level among listed banks. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. 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