HBNC Latest Report

Harrison Bank's Financial Performance

Based on the financial data of Harrison Bank (stock code: HBNC), the total operating revenue as of December 31, 2024 was RMB241.73 million, up approximately 10.84% from RMB218.08 million in the same period of 2023. This growth reflects the company's competitiveness in the market and the success of its business expansion.

Key Financial Data

1. The total operating revenue in 2024 was RMB241.73 million, up 10.84% YoY, indicating a positive performance in revenue.

2. Interest income increased from RMB42.257 million to RMB53.127 million, indicating an improvement in the bank's loan business and investment income.

3. The cumulative revenue in the first three quarters of 2024 was US$167 million, up 0.88% YoY, but the growth rate was slower, showing changes in market demand.

4. The net profit in the first three quarters of 2024 was US$46.31 million, down 12.94% YoY, indicating pressure on profitability.

5. The revenue in the third quarter of 2024 was US$58.42 million, up from US$53.92 million in the same period of 2023, but the overall market environment still limits revenue growth.

Peer Comparison

1. Industry-wide analysis: The growth of operating revenue in the financial services industry is affected by factors such as interest rates, economic growth, and market competition. Generally speaking, the financial industry will show strong potential for operating revenue growth during economic recovery. According to the data, the operating revenue of 42 listed banks in the first three quarters of 2024 was RMB4.28 trillion, down 1.05% YoY, showing a downward trend in industry-wide revenue.

2. Peer evaluation analysis: The growth rate of Harrison Bank's total operating revenue is 10.84%, which is relatively high in the financial industry, showing its competitiveness in the market. Compared with the overall decline of the industry, HBNC's performance is particularly outstanding, indicating its success in market expansion and customer attraction.

Conclusion

Harrison Bank showed strong growth in operating revenue in 2024 despite the challenges of the overall market and macroeconomic pressures. The company has successfully boosted operating revenue through effective market expansion and optimized marketing strategies, especially in the growth of interest income. However, the decline in net profit suggests that profitability may be constrained, especially in an uncertain interest rate policy environment.

Opportunities

1. Continue to optimize and expand digital banking services to adapt to the growth of online customer demand.

2. Strengthen the organic growth strategy in Indiana and Michigan markets, leveraging local market potential.

3. Focus on changes in the macroeconomic environment and flexibly adjust operating strategies to respond to market demand fluctuations.

Risks

1. Uncertainty in interest rate policies may affect profitability and increase financial burdens.

2. The downward trend in overall revenue in the financial industry may negatively affect the company's business growth.

3. The declining trend in net profit suggests challenges in profitability, and the balance between risk control and business development needs to be strengthened.