Industrial and Commercial Bank of China (ICBC) reported first-half 2026 operating revenue of 465.86 billion yuan ($69.3 billion), up 9.1% year-on-year, and net profit of 176.47 billion yuan ($26.3 billion), up 4.5% to a period record. Total assets reached 57.07 trillion yuan at the end of June, a 6.7% increase from end-2025 and the fastest expansion among China’s major state-owned banks. Net interest income rose 8.8% to 341.24 billion yuan as the average deposit cost rate fell to 1.15%, helping annualized net interest margin (the spread between lending income and funding costs) stabilize at 1.29%. ICBC said repricing benefits may weaken as maturing time deposits decline and the gap between new and legacy products narrows. Non-interest income increased 9.8% to 124.62 billion yuan, although bank card income fell 11.8% and future growth in investment-related income faces uncertainty amid volatile equity, bond and currency markets. The non-performing loan ratio (the share of loans in default) declined to 1.29%, while the balance of non-performing loans increased to 411.82 billion yuan and personal-loan risks worsened. ICBC proposed an interim cash dividend of 1.511 yuan per 10 shares, equal to 31% of attributable net profit. The bank is also shifting toward integrated, internationalized and digital-intelligent banking, with overseas institutions and domestic subsidiaries contributing stronger earnings.