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研報掘金丨東北證券:首予滬農商行“買入”評級,資產質量持續保持優異
格隆匯 02-17 15:05

東北證券研報指出,滬農商行(601825.SH)目前的8名高管中, 60後3人,70後4人,80後1人,年齡梯級化特點明顯,有助於保持公司戰略穩定和延續性。多數領導長期任職於本地金融體系,深諳各展業地區實際發展情況和特點,圍繞真實需求制定戰略。從財務數據看,公司經營穩健增長。截至3Q24,公司總資產規模達1.5萬億,2019-2023年CAGR爲10.6%。以ROA和RORWA衡量的回報率保持穩定,在0.9%-10%之間,3Q24分別佔上市銀行第6位和第14位。公司資產質量持續保持優異,2019年至今,整體不良率處於1%以下,銀行資本充足。首次覆蓋給與“買入”評級。

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