研报掘金丨华泰证券:苏州银行经营指标稳健,予“买入”评级

格隆汇
Jul 02, 2025

华泰证券研报指出,苏州银行实控人变动,大股东国发集团与东吴证券合计持股比例增加至15%,国发集团成为控股股东,苏州市财政局成为苏州银行实际控制人。大股东多次增持,彰显对苏州银行发展的坚定认可。公司资产质量较为优异,25Q1末不良率、拨备覆盖率为0.83%、447%,保持上市银行第一梯队,且25年转债已成功转股,有望进一步支撑公司未来成长。公司经营指标稳健,战略转型切实有效,国资增持呵护资金面,应享一定估值溢价,给予25 年目标PB1.0倍(前值0.9倍),目标价10.59元(前值9.53元),“买入”评级。

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