> 数据图表我想了解一下拨备指标高位下降释放盈利，抵御风险能力仍强2026-3-3拨备指标高位下降释放盈利，抵御风险能力仍强表6：2025Q3除城商行外各类银行拨备指标均下调，或为监管规则下常态◼ 各类银行拨备计提分化。从中报看城商行同比仍多计提，突显区域银行零售客群信用风险仍在上行，但另一方面大行拨备计提同比大多由负转正，主要受建行、邮储两家影响，但国有行仍具有资本优势及较强的不良清收能力，后续拨备反哺盈利空间充足。结合2025Q3拨备指标看，除城商行外各类银行拨备覆盖率均下降，部分高拨备覆盖率城商行拨备水平亦有下调，主要源于在经济增速放缓过程中，逆周期拨备动态调整机制持续发挥作用，故拨备调降为监管规则下的常态，上市银行风险抵补能力仍充足。资料来源：Wind，华源证券研究所20拨备覆盖率拨贷比资产减值损失同比贷款减值损失同比信用成本2025H1 2025Q3 变化 2025H1 2025Q3变化（bp） 2025H1 2025Q3 变化 20242025H1 变化20241H25变化（bp）工商银行 217.71% 217.21% -0.50% 2.89%建设银行 239.40% 235.05% -4.35% 3.18%农业银行 295.00% 295.08% 0.08% 3.77%中国银行 197.39% 196.60% -0.79% 2.44%邮储银行 260.35% 240.21% -20.14% 2.39%交通银行 209.56% 209.97% 0.41% 2.68%招商银行 410.93% 405.93% -5.00% 3.83%浦发银行 193.97% 198.04% 4.07% 2.54%兴业银行 228.54% 227.81% -0.73% 2.46%中信银行 207.53% 204.16% -3.37% 2.40%民生银行 145.06% 143.00% -2.06% 2.14%光大银行 172.47% 168.92% -3.55% 2.15%平安银行 238.48% 229.60% -8.88% 2.51%华夏银行 156.67% 149.33% -7.34% 2.51%浙商银行 169.78% 159.56% -10.22% 2.31%2.89%3.11%3.75%2.44%2.26%2.65%3.84%2.54%2.46%2.36%2.12%2.13%2.41%2.36%2.17%0-7-20-13-3100-4-2-2-10-15-142.41% -1.69% -4.10% -14.60% 8.13% 22.74% 0.45% 0.70%22.85% 11.17% -11.68% -17.79% 33.74% 51.53% 0.48% 0.87%-3.03% -2.84% 0.19% -6.61% -1.23% 5.37% 0.55% 0.76%-5.08% -6.20% -1.12% 13.90% -10.67% -24.56% 0.58% 0.58%34.62% 22.88% -11.75% 11.65% 46.55% 34.89% 0.35% 0.50%-0.43% -3.02% -2.59% -9.53% -4.30% 5.23% 0.60% 0.68%-8.55% -8.24% 0.30% -6.49% -8.23% -1.73% 0.65% 0.67%25392101582-1.09% -7.34% -6.25% -0.28% 11.18% 11.47% 1.07% 0.97%-10-12.19% -11.30% 0.89% -23.08% 10.84% 33.93% 0.92% 0.97%-14.03% -12.73% 1.29% 5.74% -15.04% -20.78% 0.94% 0.88%27.71% 29.26% 1.55% -2.03% 29.40% 31.44% 0.88% 1.05%-21.60% -23.74% -2.14% -16.25% -19.54% -3.28% 0.98% 0.77%-15.99% -18.82% -2.83% -15.77% 0.50% 16.28% 1.56% 1.41%-10.82% -18.15% -7.34% 1.23% -3.95% -5.18% 1.10% 1.04%-10.90% -10.33% 0.57% 78.35% -24.45% -102.80% 1.45% 1.16%5-617-21-15-7-30拨备覆盖率拨贷比资产减值损失同比贷款减值损失同比信用成本2025H1 2025Q3 变化 2025H1 2025Q3变化（bp） 2025H1 2025Q3 变化 20242025H1 变化20241H25变化（bp）北京银行 195.74% 195.79% 0.05% 2.54%上海银行 243.64% 254.92% 11.28% 2.87%江苏银行 331.02% 322.62% -8.40% 2.77%南京银行 311.65% 313.22% 1.57% 2.60%宁波银行 374.16% 375.92% 1.76% 2.84%杭州银行 520.89% 513.64% -7.25% 3.95%长沙银行 309.71% 311.88% 2.17% 3.62%成都银行 452.65% 433.08% -19.57% 2.98%重庆银行 248.27% 248.11% -0.16% 2.91%贵阳银行 238.64% 239.59% 0.95% 4.05%青岛银行 252.80% 269.97% 17.17% 2.84%齐鲁银行 343.24% 351.43% 8.19% 3.74%郑州银行 179.20% 186.17% 6.97% 3.16%苏州银行 437.91% 420.59% -17.32% 3.63%西安银行 205.70% 218.66% 12.96% 3.28%厦门银行 321.67% 304.39% -17.28% 2.66%沪农商行 336.55% 340.10% 3.55% 3.26%渝农商行 355.58% 364.82% 9.24% 4.16%青农商行 249.00% 250.44% 1.44% 4.36%紫金银行 200.48% 184.81% -15.67% 2.50%无锡银行 424.87% 427.87% 3.00% 3.33%苏农银行 386.88% 355.85% -31.03% 3.48%江阴银行 381.22% 371.91% -9.31% 3.26%瑞丰银行 340.28% 345.04% 4.76% 3.34%常熟银行 489.53% 462.95% -26.58% 3.74%张家港行 383.98% 355.05% -28.93% 3.61%国有 237.35% 234.91% -2.44% 3.01%股份 220.04% 217.53% -2.51% 2.64%城商 290.49% 291.97% 1.48% 2.96%农商 337.16% 334.84% -2.32% 3.62%全部 238.53% 236.34% -2.19% 2.93%2.53%3.00%2.71%2.60%2.85%3.89%3.68%2.94%2.83%3.91%2.97%3.83%3.28%3.49%3.34%2.43%3.32%4.09%4.34%2.50%3.35%3.20%3.16%3.39%3.52%3.35%2.97%2.60%2.96%3.57%2.90%-113-601-66-4-8-6.01% -9.08% -3.07% 36.31% -4.80% -41.11% 0.89% 0.73%9.78% 11.12% 1.35% 11.08% 30.60% 19.52% 0.84% 0.79%48.18% 30.44% -17.74% 1.08% 22.56% 21.48% 1.06% 0.93%12.00% 29.45% 17.44% 27.29% 9.70% -17.59% 0.91% 0.89%30.58% 33.65% 3.07% 7.60% 28.08% 20.49% 0.85% 1.09%-43.93% -38.47% 5.45% 55.36% -27.56% -82.92% 0.97% 0.68%2.39% -0.76% -3.16% 2.94% 11.39% 8.45% 1.52% 1.60%5.79% -14.73% -20.52% 9.38% -34.50% -43.88% 0.44% 0.37%17.85% 16.00% -1.85% 16.09% -15.81% -31.90% 0.86% 0.68%-14-25.48% -39.14% -13.66% -23.99% -10.72% 13.26% 0.96% 1.12%13912-146-236-7-202-28-105-22-26-4-3-1-5-316.36% 1.99% -14.37% 16.23% 19.04% 2.80% 0.74% 0.91%-2.79% -6.35% -3.56% -20.37% -25.37% -4.99% 0.92% 0.79%10.86% 7.73% -3.13% -12.80% 39.49% 52.29% 1.37% 1.06%14.38% 14.22% -0.16% 9.79% -23.64% -33.43% 0.54% 0.34%103.03% 88.07% -14.96% 86.02% 91.93% 5.91% 1.43% 1.81%-9.73% 22.78% 32.51% 8.62% -27.11% -35.73% 0.40% 0.35%-19.93% -18.48% 1.45% -7.36% 11.88% 19.24% 0.29% 0.21%-27.58% -13.35% 14.24% 30.75% -33.81% -64.56% 0.79% 0.45%-19.25% -29.83% -10.58% 16.09% -23.34% -39.43% 2.01% 1.50%4.67%5.03% 0.37% -44.69% 21.30% 66.00% 0.22% 0.68%10.47% 3.59% -6.88% 83.91% -7.42% -91.33% 0.51% 0.54%-30.38% -61.23% -30.84% -22.70% -42.11% -19.41% 0.51% 0.48%-3.27% -12.24% -8.97% -25.23% -10.29% 14.94% 0.49% 1.31%-6.51% -17.95% -11.44% 66.62% 0.65% -65.98% 0.90% 1.04%10.97% 4.70% -6.27% 51.36% -22.52% -73.88% 1.17% 1.08%-2.30% -15.14% -12.84% 3.61% 15.51% 11.90% 0.68% 1.23%5.43%0.76% -4.67% -7.03% 8.45% 15.48% 0.50% 0.71%-7.80% -8.65% -0.85% -5.46% -1.78% 3.67% 0.99% 0.94%11.91% 9.37% -2.54% 12.67% 7.74% -4.93% 0.92% 0.87%-12.16% -14.77% -2.61% 16.86% -16.46% -33.32% 0.73% 0.66%1.39% -1.90% -3.29% -4.34% 4.96%9.30% 0.65% 0.77%-16-5-13-224-297-6-181716-13-31-2038-5-8-34-51462-48215-95520-5-5-612华源证券综合其他
