Bank of East Asia's stock price plummeted 6.22% during intraday trading on Friday, reflecting significant investor concern following the release of the bank's financial results.
The sharp decline comes after the bank reported a substantial drop in profit for 2025, with attributable profit falling to HK$3.50 billion from HK$4.61 billion a year earlier. Earnings per share declined to HK$1.21 from HK$1.52, missing Visible Alpha analysts' estimates of HK$1.42 per share.
Further compounding the negative sentiment, the bank reported net income of HKD 3.21 billion for FY2025, representing a 20% decrease from the previous year. Net interest income also eased to HK$15.3 billion from HK$16.5 billion, indicating pressure on the bank's core lending business.