Loading…
Regional Chinese commercial bank based in Qingdao, offering retail and corporate banking and wealth management.
Regional Chinese commercial bank based in Qingdao, offering retail and corporate banking and wealth management.
Earns mainly from the gap between interest on loans and what it pays on deposits, lending to small businesses and corporates in Shandong and building a retail and wealth-management business. This is the Hong Kong listing of the same bank that trades in Shenzhen as 002948.SZ, so both lines share one set of results.
In one line: A Chinese regional bank.
Moat: narrow (regulatory licence, distribution). Regional banking licence and branch network built around its home city/province.
Headquarters: Qingdao, China · Founded: 1996 · Employees: 5,571
Size Bank of Qingdao (3866.HK) is a Hong Kong Financials company (Regional Banks) with a market value of $4.84B, the 259th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.12 on 6 Nov 2026.
Performance Over six months the shares gained 6.2%, against +6.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 12.1% over the last twelve months (peer median +3.1%); the operating margin is 44.1% (peer median 43.4%).
Valuation It trades at 0.57× book value against a peer median of 1.29× (cheapest of 21).
Price implies The share price implies a return on equity of about 6.1%; Bank of Qingdao delivers 13.8%, so the price asks less than the business earns today.
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$32.4B | HK$29.4B | HK$28.5B | HK$27.3B | HK$27.2B |
| Revenue growth | — | +3% | +4% | 0% | — |
| Net income | HK$6.60B | HK$5.37B | HK$4.37B | HK$3.92B | HK$3.58B |
| Free cash flow | HK$9.27B | HK$7.60B | HK$10.8B | HK$8.61B | HK$12.6B |
| Capital expenditure | HK$562M | HK$410M | HK$403M | HK$446M | HK$574M |
| Total debt | HK$315B | HK$282B | HK$215B | HK$192B | HK$162B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bank of Qingdao 3866.HK | $4.84B | +6% | +12% | 14% | 0.57× | 6.1% |
| Bank of Zhengzhou 6196.HK | $2.06B | -14% | -3% | 3% | 0.15× | 3.5% |
| Bank of Tianjin 1578.HK | $1.52B | -22% | -4% | 5% | 0.14× | 3.3% |
| Qilu Bank 601665.SS | $6.02B | +2% | +1% | 12% | 0.75× | 3.2% |
| Bank of Chongqing 1963.HK | $5.11B | +1% | +10% | 10% | 0.41× | 4.2% |
| Bank of Chengdu 601838.SS | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% |
| Bank of Jiangsu 600919.SS | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3866.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | +3.4% | 10th highest of 21 |
| 6-month return | +6.2% | +6.1% | 11th highest of 21 |
| Return on equity | 13.8% | 10.0% | 6th highest of 21 |
| Price / book | 0.57× | 1.29× | cheapest of 21 |
| Trailing P/E | 4.5× | 12.4× | cheapest of 19 |
| ROE the price implies | 6.1% | 9.8% | 2nd least demanding of 20 |
| ROE delivered | 13.8% | 10.0% | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of Qingdao 3866.HK | Hong Kong | $4.84B | +6% | +12% | 14% | 0.57× | 6.1% | 13.8% |
| Noba Bank NOBA.ST | Sweden | $4.81B | +20% | +6% | 17% | 1.82× | 6.9% | 17.0% |
| Berner Kantonalbank BEKN.SW | Switzerland | $5.07B | +17% | -4% | 7% | 1.34× | n/a | 6.6% |
| Alior Bank ALR.WA | Poland | $4.59B | +15% | -7% | 16% | 1.42× | 20.0% | 15.6% |
| Eastern Bankshares EBC | United States | $5.22B | +14% | +61% | 10% | 1.23× | 9.6% | 9.5% |
| ServisFirst Bancshares SFBS | United States | $4.49B | +2% | +5% | 18% | 2.21× | 17.2% | 17.9% |
| Hokuhoku Financial 8377.T | Japan | $5.25B | +53% | +27% | 10% | 1.10× | 7.7% | 9.7% |
| United Community Banks UCB | United States | $4.43B | +11% | -18% | 4% | 1.26× | 10.9% | 4.1% |
| Grupo Financiero Galicia SA Sponsored ADR GGAL | United States | $5.36B | -30% | +3% | 2% | 0.76× | 9.6% | 2.0% |
| Intercorp Financial Services IFS | United States | $5.38B | +4% | +9% | 17% | 1.36× | 10.5% | 17.4% |
| Bendigo & Adelaide Bank BEN.AX | Australia | $4.36B | +5% | -6% | 6% | 0.93× | 11.0% | 5.6% |
| Taiwan Business Bank 2834.TW | Taiwan | $5.46B | +7% | -16% | 9% | 1.23× | 4.5% | 9.2% |
| Ameris Bancorp ABCB | United States | $5.49B | -5% | +3% | 9% | 1.33× | 12.1% | 9.5% |
| Atlantic Union Bankshares AUB | United States | $5.51B | +4% | +21% | 11% | 1.09× | 9.5% | 10.7% |
| Bank OZK OZK | United States | $5.53B | +4% | 0% | 11% | 0.93× | 8.9% | 11.3% |
| Cathay General Bancorp CATY | United States | $4.24B | +12% | +3% | 12% | 1.39× | 11.8% | 12.2% |
| International Bancshares IBOC | United States | $4.20B | -8% | +2% | 13% | 1.25× | 9.8% | 12.9% |
| Iyogin Holdings,Inc 5830.T | Japan | $5.61B | -3% | +13% | 8% | 0.91× | 8.2% | 7.8% |
| Bank Handlowy w Warszawie BHW.WA | Poland | $4.09B | +7% | -22% | 17% | 1.72× | 17.1% | 16.7% |
| Hancock Whitney HWC | United States | $5.73B | +4% | -1% | 9% | 1.34× | 12.2% | 9.4% |
| Gunma Bank 8334.T | Japan | $5.78B | +11% | +22% | 10% | 1.43× | 7.8% | 10.3% |