成都银行2025年年报及2026年一季报点评：息差企稳质量优异

关键财务指标（百万元）2024H12024Q1-3关键财务指标（百万元）2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1总资产1,200,3051,221,6381,250,1161,334,8081,372,2251,385,2551,398,4731,475,163总贷款706,494721,097741,319806,186833,415846,247858,395892,947总负债1,126,0851,144,5741,164,2121,246,1591,283,6921,283,4431,299,1301,372,176总存款856,672874,672885,859964,771983,481986,432988,5571,038,024营业收入11,58517,24122,9825,81712,27017,76123,6036,198拨备前利润8,68612,76417,1374,4149,28113,06917,6994,714净利润6,1679,03912,8503,0126,6179,49313,2833,157总资产增速16.73%14.92%14.56%13.25%14.32%13.39%11.87%10.51%贷款同比增速22.79%22.22%18.72%16.91%17.96%17.36%15.79%10.76%存款同比增速14.59%13.77%13.51%15.60%14.80%12.78%11.59%7.59%营业收入同比增速4.28%3.23%5.89%3.17%5.91%3.01%2.70%6.54%核心营收同比增速3.02%2.29%4.67%2.52%5.09%6.47%6.96%16.65%净利息收入同比增速1.91%1.78%4.57%3.75%7.59%8.24%8.37%17.30%净手续费收入同比增速31.94%15.92%7.20%-32.36%-45.15%-35.17%-29.59%-12.02%其他非息收入同比增速10.52%7.79%12.54%6.85%9.72%-13.00%-18.73%-48.39%拨备前利润同比增速3.35%2.31%7.11%3.59%6.84%2.39%3.28%6.80%归母净利润同比增速10.60%10.81%10.17%5.64%7.29%5.03%3.31%4.81%净息差（披露值）1.66%1.66%1.62%1.59%净利差（披露值）1.60%1.62%1.59%1.55%生息资产收益率（披露值）3.88%3.84%3.57%3.46%计息负债成本率（披露值）2.28%2.22%1.98%1.91%净息差（测算值）1.67%1.66%1.67%1.59%1.60%1.59%1.60%1.62%净利差（测算值）1.61%1.62%1.63%1.58%1.59%1.56%1.54%1.53%单季度净息差（测算值）1.57%1.59%1.68%1.59%1.58%1.54%1.60%1.62%单季度净利差（测算值）1.52%1.56%1.67%1.58%1.56%1.51%1.53%1.53%ROA（年化）1.08%1.04%1.10%0.93%1.01%0.96%1.00%0.88%ROE（年化）18.04%17.55%17.81%14.80%15.88%15.20%15.39%14.00%累计分红率（测算）30.04%30.04%杠杆率5.94%6.03%6.62%6.44%6.26%7.10%6.86%6.81%风险加权资产增速14.08%11.92%11.00%16.10%15.77%15.15%12.67%8.13%ROE(年化)*(1-分红率)12.67%12.32%12.97%10.78%11.57%11.07%10.77%9.80%成本收入比存贷比23.79%24.75%23.93%23.05%23.18%25.21%23.73%22.72%85.58%84.25%87.33%85.39%88.27%85.79%90.91%86.02%拨备覆盖率496.02%497.40%479.29%456.00% 452.65%433.08%426.17%424.06%拨贷比3.28%3.29%3.16%3.01%2.98%2.94%2.91%2.87%不良贷款率0.66%0.66%0.66%0.66%0.66%0.68%0.68%0.68%关注贷款率0.45%0.43%0.43%0.41%0.44%0.37%0.34%0.31%逾期贷款率0.90%0.70%0.77%0.84%重组贷款率0.26%0.24%0.23%0.21%不良净新生成率（披露值）不良生成率1（披露核转）0.31%0.27%0.35%0.19%不良生成率2（测算核转）-0.01%0.06%0.09%0.26%0.17%0.22%0.19%0.24%核心一级资本充足率8.17%8.40%9.06%8.84%8.61%8.77%8.91%9.10%流动性覆盖率286.42%267.34%211.09%183.59%216.79%190.37%164.74%159.71%净稳定性资金比例115.57%114.16%115.55%113.83%115.78%117.04%股东数（户）45,97545,57247,05545,43144,59953,38070,22262,228AC兑现/营收6.59%7.96%6.00%6.36%5.94%7.37%5.58%OCI兑现/营收4.79%2.49%7.32%4.01%AC兑现/净利润12.38%15.18%10.73%12.29%11.01%13.79%9.92%OCI兑现/净利润9.00%4.45%13.58%7.12%超额拨备/归母净利润(TTM)135.41% 135.22%131.64% 131.63%128.76%131.39%132.43%133.34%超额拨备/归母净资产22.40%22.05%19.72%19.33%19.36%17.18%17.71%17.39%，国联民生证券研究所累计业绩同比增速2024H12024Q1-3累计业绩同比增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1营业收入同比增速4.28%3.23%5.89%3.17%5.91%3.01%2.70%6.54%核心营收同比增速3.02%2.29%4.67%2.52%5.09%6.47%6.96%16.65%净利息收入同比增速1.91%1.78%4.57%3.75%7.59%8.24%8.37%17.30%非息收入同比增速13.85%9.00%11.66%0.53%-0.17%-16.53%-20.44%-44.45%净手续费收入同比增速31.94%15.92%7.20%-32.36%-45.15%-35.17%-29.59%-12.02%其他非息收入同比增速10.52%7.79%12.54%6.85%9.72%-13.00%-18.73%-48.39%营业支出同比增速-3.40%-2.79%-0.54%-0.02%4.18%-1.40%2.11%10.09%拨备前利润同比增速3.35%2.31%7.11%3.59%6.84%2.39%3.28%6.80%利润总额同比增速9.29%7.46%9.17%5.48%7.03%5.80%3.31%4.30%净利润同比增速10.59%10.81%10.10%5.64%7.29%5.02%3.37%4.81%归母净利润同比增速10.60%10.81%10.17%5.64%7.29%5.03%3.31%4.81%，国联民生证券研究所单季度业绩同比增速2024Q22024Q3单季度业绩同比增速2024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q1营业收入同比增速2.45%1.14%14.81%3.17%8.51%-2.92%1.77%6.54%核心营收同比增速-1.81%0.83%12.07%2.52%7.68%9.29%8.38%16.65%净利息收入同比增速-3.78%1.53%13.27%3.75%11.59%9.54%8.74%17.30%非息收入同比增速26.81%-0.41%24.11%0.53%-0.64%-52.86%-36.54%-44.45%净手续费收入同比增速43.13%-19.10%-19.52%-32.36%-52.32%0.39%-4.96%-12.02%其他非息收入同比增速23.45%2.59%37.06%6.85%11.72%-59.60%-42.04%-48.39%营业支出同比增速-5.13%-1.69%14.52%-0.02%9.06%-11.37%22.07%10.09%拨备前利润同比增速0.85%0.16%24.08%3.59%9.98%-7.10%5.87%6.80%利润总额同比增速6.72%3.59%13.40%5.48%8.35%3.05%-2.55%4.30%净利润同比增速8.71%11.26%8.45%5.64%8.70%0.16%-0.54%4.81%归母净利润同比增速8.75%11.27%8.70%5.64%8.70%0.17%-0.77%4.81%，国联民生证券研究所图1：累计营收、PPOP、归母净利润、总资产同比增速 营业收入同比增速 拨备前利润同比增速 归母净利润同比增速 总资产增速 核心营收同比增速35.00%30.00%25.00%20.00%15.00%10.00%5.00%0.00%，国联民生证券研究所图2：单季度营收、PPOP、归母净利润同比增速 营业收入同比增速 拨备前利润同比增速 归母净利润同比增速 核心营收同比增速60.00%50.00%40.00%30.00%20.00%10.00%0.00%-10.00%，国联民生证券研究所图3：累计同比业绩拆分（2026Q1） 15.4%4.8%15.4%4.8%4.8%18%16%14%12%10%8%6%4%2%0%生 净 净 其息 息 手 他资 差 续 收产 费 支规 收模 入

税 成 拨 有金 本 备 效及 收 计 税附 入 提 率加 比

净 少 利 数 润 股 东 利净 润利润，国联民生证券研究所图4：累计同比业绩拆分（2025A） 13.5%13.5% 3.4% 3.3%14%12%10%8%6%4%2%0%生 净息 息资 差产规模

净 其 税手 他 金续 收 及费 支 附收 加入

成 拨 有 净 少 本 备 效 利 数 收 计 税 润 股 入 提 率 东 比 净 润利润，国联民生证券研究所累计ROE拆分2024H12024Q1-3累计ROE拆分2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1营业收入2.02%1.99%1.96%1.80%1.87%1.80%1.78%1.73%利息收入3.71%3.68%3.65%3.28%3.28%3.29%3.30%3.15%利息支出2.12%2.11%2.07%1.79%1.79%1.80%1.79%1.58%净利息收入1.58%1.57%1.58%1.49%1.49%1.49%1.51%1.57%净手续费收入0.08%0.07%0.06%0.03%0.04%0.04%0.04%0.03%核心营收1.66%1.64%1.64%1.52%1.53%1.53%1.55%1.60%其他非息收入0.36%0.35%0.33%0.28%0.34%0.27%0.23%0.13%营业支出0.74%0.76%0.66%0.70%0.67%0.66%0.60%0.70%税金及附加0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%业务及管理费0.48%0.49%0.47%0.42%0.43%0.45%0.42%0.39%减值损失0.23%0.24%0.17%0.27%0.21%0.18%0.15%0.28%营业利润1.28%1.23%1.30%1.10%1.20%1.14%1.18%1.03%营业外净收入0.00%0.00%-0.01%0.00%0.00%0.00%0.00%0.00%利润总额1.28%1.23%1.30%1.10%1.20%1.14%1.18%1.03%所得税0.21%0.18%0.20%0.17%0.19%0.18%0.18%0.15%年化ROA1.08%1.04%1.10%0.93%1.01%0.96%1.00%0.88%杠杆率16.7616.8416.2215.8815.7415.8215.3415.93年化ROE18.04%17.55%17.81%14.80%15.88%15.20%15.39%14.00%，国联民生证券研究所单季度ROE拆分2024Q22024Q3单季度ROE拆分2024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q1营业收入2.08%1.96%1.96%1.80%1.97%1.67%1.76%1.73%利息收入3.69%3.68%3.70%3.28%3.33%3.35%3.35%3.15%利息支出2.14%2.11%2.04%1.79%1.82%1.85%1.76%1.58%净利息收入1.55%1.57%1.66%1.49%1.51%1.51%1.60%1.57%净手续费收入0.10%0.04%0.04%0.03%0.04%0.04%0.04%0.03%核心营收1.65%1.61%1.70%1.52%1.56%1.54%1.63%1.60%其他非息收入0.42%0.35%0.26%0.28%0.41%0.12%0.13%0.13%营业支出0.68%0.82%0.40%0.70%0.65%0.64%0.43%0.70%税金及附加0.03%0.02%0.03%0.02%0.03%0.02%0.02%0.02%业务及管理费0.51%0.52%0.42%0.42%0.46%0.50%0.34%0.39%减值损失0.15%0.27%-0.05%0.27%0.17%0.12%0.07%0.28%营业利润1.39%1.14%1.56%1.10%1.32%1.03%1.34%1.03%营业外净收入0.00%0.00%-0.02%0.00%0.00%0.00%0.00%0.00%利润总额1.39%1.14%1.55%1.10%1.32%1.03%1.33%1.03%所得税0.24%0.14%0.24%0.17%0.22%0.15%0.19%0.15%年化ROA1.16%0.99%1.30%0.93%1.10%0.87%1.15%0.88%杠杆率16.7616.8416.2215.8815.7415.8215.3415.93年化ROE19.40%16.72%21.13%14.80%17.30%13.82%17.57%14.00%，国联民生证券研究所手续费收入增速2024H12024Q1-3手续费收入增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1手续费收入28.19%9.21%1.44%-31.70%-44.24%-32.73%-27.06%-9.33%代理业务-40.85%-10.25%68.40%39.09%理财业务58.61%1.38%-62.69%-50.40%托管业务支付结算业务-7.80%-3.17%0.73%4.61%咨询顾问业务-32.40%28.61%40.66%-10.14%担保承诺业务53.39%10.05%-51.57%-0.42%银行卡业务9.17%9.36%-3.79%-9.70%交易业务其他-32.95%-16.77%-13.95%-21.79%手续费支出-2.58%-40.20%-41.49%-26.01%-34.12%2.12%7.52%11.83%，国联民生证券研究所累计占比（/营收）2024H12024Q1-3累计占比（/营收）2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1净手续费及佣金收入3.90%3.36%3.09%1.89%2.02%2.11%2.12%1.56%净其他非息收入17.75%17.74%16.58%15.54%18.38%14.98%13.12%7.53%投资收益17.30%17.87%15.77%18.48%18.47%18.00%14.75%2.10%公允价值变动损益2.57%2.15%3.01%-0.33%1.61%-1.04%0.08%5.05%汇兑净损益-2.76%-2.94%-2.82%-3.14%-1.98%-2.29%-2.18%0.09%其他净收益0.64%0.66%0.63%0.53%0.28%0.31%0.46%0.28%其他综合收益余额3.03%1.87%5.69%4.17%2.50%-1.63%-1.11%3.64%AC兑现6.59%7.96%6.00%6.36%5.94%7.37%5.58%OCI兑现4.79%2.49%7.32%4.01%单季度占比（/营收）2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1净手续费及佣金收入2.50%0.74%0.57%1.89%1.13%0.72%0.53%1.56%净其他非息收入10.44%5.81%3.28%15.54%11.02%2.28%1.85%7.53%投资收益10.23%6.25%2.36%18.48%9.71%5.24%1.21%2.10%公允价值变动损益1.40%0.42%1.40%-0.33%1.77%-2.15%0.86%5.05%汇兑净损益-1.44%-1.09%-0.61%-3.14%-0.49%-0.92%-0.46%0.09%其他净收益0.26%0.23%0.13%0.53%0.03%0.12%0.23%0.28%其他综合收益-2.34%-0.17%4.29%-18.32%0.52%-3.36%0.12%7.86%累计同比增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1净手续费及佣金收入31.9%15.9%7.2%-32.4%-45.1%-35.2%-29.6%-12.0%净其他非息收入10.5%7.8%12.5%6.8%9.7%-13.0%-18.7%-48.4%投资净收益38.4%20.3%14.2%31.2%13.1%3.7%-3.9%-87.9%公允价值变动损益17.4%45.1%338.6%-114.1%-33.6%-149.8%-97.2%1738.1%汇兑损益-1355.0%-222.9%-152.5%-19.7%24.1%19.9%20.8%103.0%其他净收益-58.8%-35.9%-53.7%-29.9%-53.4%-51.8%-24.0%-43.2%其他综合收益余额增速418.8%12163.4%564.5%-61.0%-12.7%-189.8%-120.0%-7.1%单季度同比增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1净手续费及佣金收入43.1%-19.1%-19.5%-32.4%-52.3%0.4%-5.0%-12.0%净其他非息收入23.4%2.6%37.1%6.8%11.7%-59.6%-42.0%-48.4%投资净收益79.7%-3.2%-11.6%31.2%0.6%-13.7%-47.4%-87.9%公允价值变动损益34.9%4663.0%430.4%-114.1%33.7%-626.6%-36.6%1738.1%汇兑损益-442.9%-38.5%-41.5%-19.7%64.2%12.7%23.8%103.0%其他净收益-79.9%1809.1%-77.8%-29.9%-87.4%-48.8%84.4%-43.2%单季度其他综合收益增速-205.7%55.8%407.6%-350.9%123.6%-1973.6%-97.2%145.7%，国联民生证券研究所图5：净息差和净利差 2.40%2.20%2.00%1.80%1.60%1.40%1.20%1.00%

，国联民生证券研究所

净息差（披露值） 净利差（披露值）累计（露值） 2024H1累计（露值） 2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1净息差 1.66%1.66%1.62%1.59%净利差 1.60%1.62%1.59%1.55%生息资收益率 3.88%3.84%3.57%3.46%计息负成本率 2.28%2.22%1.98%1.91%单季度测算） 2024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q1净息差 1.57%1.59%1.68%1.59%1.58%1.54%1.60%1.62%净利差 1.52%1.56%1.67%1.58%1.56%1.51%1.53%1.53%生息资收益率 3.74%3.74%3.75%3.51%3.47%3.43%3.36%3.25%计息负成本率 2.22%2.18%2.08%1.94%1.90%1.92%1.83%1.71%生息资平均益率 2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1发放贷款 4.41%4.36%4.06%3.96%投资类产 3.42%3.36%2.96%2.79%存放央行 1.46%1.44%1.42%1.42%同业资产 3.06%3.00%2.69%2.54%计息负平均息率 2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1存款 2.21%2.16%1.96%1.90%向央行款 2.53%2.50%2.01%1.93%同业负债 1.99%2.05%1.87%1.77%发行债券 2.67%2.50%2.06%1.96%，国联民生证券研究所分类型贷款收益率2024H12024Q1-3分类型贷款收益率2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1公司类贷款收益率4.55%4.52%4.26%4.16%个人贷款收益率3.77%3.63%3.12%3.06%票据贴现收益率分类型存款成本率2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1对公存款付息率1.76%1.74%1.50%1.47%对公活期付息率0.98%0.90%0.74%0.69%对公定期付息率2.56%2.51%2.25%2.15%个人存款付息率2.66%2.60%2.35%2.29%个人活期付息率0.19%0.16%0.07%0.06%个人定期付息率3.04%2.95%2.67%2.57%，国联民生证券研究所余额结构（分母为总资产）2024H12024Q1-3余额结构（分母为总资产）2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1生息资产94.58%93.46%93.15%93.42%92.81%93.85%96.04%97.57%贷款58.86%59.03%59.30%60.40%60.73%61.09%61.38%60.53%投资类资产26.08%26.70%28.42%28.42%29.14%29.71%28.60%27.63%FVTPL6.31%7.42%7.56%7.40%7.86%6.82%4.59%3.09%AC15.39%14.22%15.22%15.47%14.41%15.27%16.33%16.82%FVOCI4.39%5.06%5.65%5.56%6.87%7.63%7.68%7.72%存放央行6.18%6.39%5.43%4.97%5.11%4.64%4.30%5.59%同业资产9.77%8.77%7.56%7.02%5.68%5.23%6.35%6.90%同比增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1总资产16.73%14.92%14.56%13.25%14.32%13.39%11.87%10.51%总生息资产15.30%13.77%11.51%10.71%12.19%13.87%15.33%15.43%贷款22.79%22.22%18.72%16.91%17.96%17.36%15.79%10.76%投资类资产4.41%3.41%10.29%18.06%27.73%26.20%12.57%7.42%FVTPL46.15%29.79%70.01%56.11%42.35%4.19%-32.00%-53.83%AC-3.53%-7.62%-3.44%9.38%7.09%21.74%20.03%20.19%FVOCI-6.96%7.46%1.46%6.99%79.07%70.98%52.10%53.39%存放央行-4.48%12.32%-17.42%5.69%-5.46%-17.65%-11.42%24.28%同业资产40.27%8.75%32.95%-19.12%-33.47%-32.38%-6.02%8.71%单季增量2024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q1总生息资产8,8626,55322,73382,45326,62026,55142,92496,263贷款16,92114603.29720,22264,86727,22912,83212,14834,552投资类资产-8,29513,11129,14224,08520,46211,756-11,6317,581FVTPL12,49214,9023,8184,2769,076-13,374-30,207-18,640AC-4,093-10,95216,50016,254-8,71613,72416,83419,855FVOCI-16,6939,1618,8243,55420,10211,4061,7436,366存放央行11,2983,880-10,186-1,4163,672-5,837-4,16222,449同业资产1,430-10,140-12,627-806-15,667-5,57416,36113,042，国联民生证券研究所；注：FVTPL为以公允价值计量且其变动计入当期损益的金融资产；AC为以摊余成本计量的金融资产或者债权投资；FVOCI。余额结构（分母为总资产）2024H12024Q1-3余额结构（分母为总资产）2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1负债总额93.82%93.69%93.13%93.36%93.55%92.65%92.90%93.02%计息负债92.71%92.95%92.32%92.59%92.30%91.44%91.85%92.09%存款71.37%71.60%70.86%72.28%71.67%71.21%70.69%70.37%向央行借款4.61%4.29%1.67%2.85%3.04%3.24%3.77%4.40%同业负债3.42%3.84%3.40%3.57%3.37%3.43%3.17%4.29%发行债券13.31%13.22%16.39%13.89%14.22%13.56%14.23%13.03%同比增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1负债总额17.31%15.02%14.15%12.87%14.00%12.13%11.59%10.11%总计息负债17.03%15.04%14.18%12.79%13.82%11.55%11.30%9.92%存款14.59%13.77%13.51%15.60%14.80%12.78%11.59%7.59%向央行借款89.58%86.38%-62.26%-33.01%-24.61%-14.46%152.92%70.70%同业负债83.61%49.59%21.60%16.34%12.90%1.09%4.11%32.81%发行债券5.29%1.72%46.12%13.46%22.08%16.37%-2.88%3.66%单季增量2024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q1总计息负债16,97422719.0218,65381,79130,6125917,91873,987存款22,07818,00011,18778,91218,7102,9512,12549,467向央行借款-1,462-2,908-31,58317,2153,6643,1257,83312,268同业负债-15,967-4,4285,162-1,4111,188-3,19119,067发行债券-3,6411,66043,477-19,4999,649-7,20511,151-6,815，国联民生证券研究所余额结构2024H12024Q1-3余额结构2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1公司存款48.36%46.87%45.77%45.73%44.52%42.73%42.26%42.10%公司定期23.14%24.30%22.95%20.67%21.94%22.68%22.01%21.43%公司活期25.21%22.57%22.82%25.05%22.58%20.05%20.25%20.67%个人存款47.58%48.76%49.49%50.28%51.64%52.47%52.95%54.21%个人定期41.53%42.71%43.45%44.62%46.06%46.98%47.21%48.88%个人活期6.05%6.05%6.04%5.66%5.58%5.49%5.74%5.33%余额增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1存款总额14.59%13.77%13.51%15.60%14.80%12.78%11.59%7.59%公司存款6.47%4.36%3.79%8.69%5.69%2.82%3.03%-0.93%公司定期20.10%19.86%14.12%8.43%8.83%5.24%7.03%11.54%公司活期-3.57%-8.40%-4.87%8.90%2.82%0.22%-1.00%-11.22%个人存款25.43%25.33%23.79%23.49%24.59%21.34%19.40%16.01%个人定期29.24%28.37%26.73%25.73%27.31%24.04%21.25%17.86%个人活期4.32%7.41%6.08%8.28%5.89%2.29%6.08%1.40%，国联民生证券研究所余额结构2024H12024Q1-3余额结构2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1个人贷款18.03%18.40%18.71%17.48%17.25%17.28%17.52%16.83%个人住房贷款13.01%13.48%12.32%12.23%个人消费贷款2.82%2.98%3.01%3.34%经营性贷款2.20%2.25%1.92%1.95%信用卡应收账款票据贴现0.23%0.20%2.64%2.52%公司贷款81.73%81.60%81.09%82.52%80.11%82.72%79.96%83.17%制造业6.55%6.03%5.52%5.71%批发和零售业6.36%6.75%6.74%7.40%传统基建16.38%15.08%14.70%14.90%租赁和商务服务业36.38%38.03%39.63%38.45%房地产业5.22%4.40%3.39%3.23%建筑业3.79%4.07%3.69%3.56%住宿和餐饮业0.25%0.22%0.19%0.11%采矿业0.44%0.61%0.65%0.65%信息传输、软件和信息技术服务1.62%1.40%1.34%1.42%农、林、牧、渔业0.23%0.28%0.28%0.30%金融业0.60%0.57%0.63%0.69%卫生和社会工作0.59%0.50%0.41%0.47%科学研究和技术服务业1.79%1.89%1.76%1.99%余额增速2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1贷款总额22.79%22.22%18.72%16.91%17.96%17.36%15.79%10.76%个人贷款10.44%11.47%12.46%13.37%12.85%10.17%8.45%6.62%个人住房贷款3.34%9.20%11.67%5.09%个人消费贷款100.78%22.59%26.13%29.91%经营性贷款48.49%20.88%2.86%0.17%信用卡应收账款票据贴现31.01%330.50%1231.79%1389.55%公司贷款25.87%24.94%20.05%17.69%15.62%18.98%14.17%11.64%制造业4.57%0.93%-0.51%9.78%批发和零售业14.12%17.12%25.00%26.85%传统基建7.44%3.68%5.85%14.43%租赁和商务服务业56.78%43.84%28.50%17.07%房地产业-3.66%-15.47%-23.38%-14.87%建筑业17.74%20.43%15.12%1.35%住宿和餐饮业5.22%-11.83%-9.82%-40.81%采矿业20.28%58.79%71.70%22.95%信息传输、软件和信息技术服务40.96%-1.87%-2.84%17.67%农、林、牧、渔业-16.42%-3.08%42.90%24.51%金融业47.96%54.27%22.72%39.98%卫生和社会工作6.63%-7.04%-18.51%7.05%科学研究和技术服务业15.48%19.66%16.37%22.04%，国联民生证券研究所资产质量2024H12024Q1-3资产质量2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1不良贷款率0.66%0.66%0.66%0.66%0.66%0.68%0.68%0.68%拨备覆盖率496.02%497.40%479.29%456.00%452.65%433.08%426.17%424.06%拨贷比3.28%3.29%3.16%3.01%2.98%2.94%2.91%2.87%贷款拨备余额23,16523,70423,42824,23524,80824,87924,99125,668非信贷拨备余额2,1902,0972,0342,083不良贷款余额4,6704,7664,8885,3155,4815,7455,8646,053关注类贷款余额3,1463,1073,1673,3353,6683,1302,9252,798逾期贷款余额6,3535,2166,4027,198逾期90天以上贷款余额3,6563,8304,5685,034重组贷款余额1,8541,7791,9451,837关注贷款率0.45%0.43%0.43%0.41%0.44%0.37%0.34%0.31%关注率+不良率1.11%1.09%1.09%1.07%1.10%1.05%1.02%0.99%逾期贷款率0.90%0.70%0.77%0.84%逾期90天以上/不良78.28%78.35%83.36%85.85%逾期1年以上/损失99.19%104.53%104.98%104.57%逾期/不良136.04%106.72%116.81%122.74%重组贷款率0.26%0.24%0.23%0.21%（重组+逾期）/贷款1.16%0.94%1.00%1.05%（重组+逾期）/不良175.75%143.11%152.29%154.07%不良净新生成率（披露值）0.31%0.27%0.35%0.19%不良生成率1（披露核转）-0.01%0.06%0.09%0.26%0.17%0.22%0.19%0.24%不良生成率2（测算核转）0.32%0.18%0.19%0.00%不良回收率0.40%0.42%0.29%0.45%0.36%0.30%0.25%0.46%不良核销转出率1（披露核转）24.9%24.8%29.6%9.6%不良核销转出率2（测算核转）-22.6%-7.1%-2.4%4.5%1.0%9.7%9.5%22.0%非信贷拨备/非信贷资产0.44%0.41%0.38%0.39%超额拨备/归母净利润(TTM)135.4%135.2%131.6%131.6%128.8%131.4%132.4%133.3%超额拨备/归母净资产22.40%22.05%19.72%19.33%19.36%17.18%17.71%17.39%总拨备/总资产2.11%2.04%1.96%1.94%，国联民生证券研究所信用减值损失2024H12024Q1-3信用减值损失2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1总资产1,3312,1221,9718641,4081,8092,0311,012贷款2,2452,9861,4712,013金融投资-825-913-6276其他-90-101-1-58信用减值损失/资产期初余额2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1总资产0.12%0.19%0.18%0.07%0.11%0.14%0.16%0.07%贷款0.36%0.48%0.20%0.27%金融投资-0.26%-0.28%-0.02%0.02%其他-0.06%-0.07%0.00%-0.04%拨备余额2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1总资产25,35525,52426,84127,073贷款23,16523,70423,42824,23524,80824,87924,99125,668金融投资1,6471,5591,4971,635其他543538537448拨备余额/资产余额2024H12024Q1-32024A2025Q12025H12025Q1-32025A2026Q1总资产2.11%2.04%1.96%1.94%贷款3.28%3.29%3.16%3.01%2.98%2.94%2.91%2.87%金融投资0.53%0.44%0.37%0.41%其他0.30%0.35%0.39%0.32%，国联民生证券研究所不良贷款额2024H12024Q1-32024A不良贷款额2024H12024Q1-32024A2025Q12025H12025Q1-