[144] Confluent, Inc. SEC Filing

Rhea-AI Filing Summary

ICICI Bank (NYSE: IBN) posted robust Q1-FY26 standalone results. Total income rose 11.9% YoY to ₹51,452 cr, while net profit climbed 15.5% YoY to ₹12,768 cr. Net interest income reached ₹21,635 cr, up 10.6% YoY; non-interest income (ex-treasury) grew 13.7% to ₹7,264 cr. Core operating profit advanced 13.6% YoY to ₹17,505 cr.

Margins & asset quality. NIM stood at 4.34% (Q4-FY25: 4.41%). Gross NPA ratio improved to 1.67% (2.15% a year ago); net NPA ratio fell to 0.41%. Provisioning coverage on NPAs is 75.3%. Provisions rose to ₹1,815 cr versus ₹1,332 cr in Q1-FY25.

Balance-sheet growth. Domestic loans expanded 12.0% YoY to ₹13.31 trn; period-end deposits grew 12.8% YoY to ₹16.09 trn, with average CASA ratio at 38.7%. Capital adequacy remains strong: total CAR 16.97%, CET-1 16.31% (regulatory minima: 11.70% & 8.20%).

Strategic action. Board approved acquisition of the remaining 100% of ICICI Prudential Pension Funds Management for ₹2,035 mn, pending RBI & PFRDA approvals, to enhance “Customer 360” synergies.

Consolidated view. Group PAT rose 15.9% YoY to ₹13,558 cr; assets grew 10.9% YoY to ₹26.69 trn.

Positive

• Net profit up 15.5% YoY to ₹12,768 cr driven by higher NII and fees
• Core operating profit growth 13.6% indicates healthy underlying franchise
• Asset quality best-in-class: NNPA 0.41%, PCR 75.3%
• Capital ratios robust: CAR 16.97%, CET-1 16.31%
• Loan & deposit growth double-digit at 12%+ YoY, supporting scale
• Strategic acquisition of ICICI PFM strengthens pension offering

Negative

• Provision charge up 36% YoY to ₹1,815 cr, reflecting higher slippages
• NIM compressed 7 bps QoQ to 4.34%, showing deposit cost pressure
• Retail loan growth slowed to 6.9% YoY; rural portfolio declined 0.4%
• Gross NPA additions increased to ₹6,245 cr vs ₹5,916 cr YoY

Insights

Equity Analyst

TL;DR — Strong profit growth, solid capital; watch NIM drift and higher provisions.

ICICI delivered double-digit top-line and bottom-line growth, driven by 10.6% NII expansion and resilient fee income. Asset quality metrics are best-in-class among Indian large-cap banks, with NNPA at 0.41% and 75% PCR. Capital at 17% provides scope for growth and dividends. That said, sequential NIM compression (7 bps) and 37% jump in provisions warrant monitoring, especially as retail growth slowed to 6.9% and rural loans contracted. Acquisition of ICICI PFM is small (<0.1% assets) but deepens retirement services offering. Overall impact: positive.

Risk Analyst

TL;DR — Credit risk remains contained; coverage, capital and diversified book mitigate uptick in slippages.

Gross NPA additions rose to ₹6,245 cr, yet headline GNPA ratio improved due to aggressive recoveries and portfolio growth. Contingency buffer of ₹13,100 cr plus total extra provisions of ₹22,664 cr (1.7% of loans) limit downside. BB-and-below exposure is just ₹2,995 cr (0.2% of loans). Capital adequacy >5 ppt above requirement further safeguards. Key watch-outs: slower rural lending, higher wholesale share, and potential NIM pressure from rising deposit costs.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
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Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
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144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

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Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

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144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	100291	2654502.19	286330069	07/23/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/23/2025	Exercise of options under a registered plan	Issuer			100291	07/23/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ERICA F SCHULTZ 899 W. Evelyn Avenue Mountain View CA 94041	COMMON	05/22/2025	23056	506630.66
ERICA F SCHULTZ 899 W. Evelyn Avenue Mountain View CA 94041	COMMON	05/20/2025	393	8627.71
ERICA F SCHULTZ 899 W. Evelyn Avenue Mountain View CA 94041	COMMON	05/13/2025	63729	1415306.25

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

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ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How much did ICICI Bank's net profit grow in Q1-FY26?

Standalone profit after tax grew 15.5% YoY to ₹12,768 crore.

What is ICICI Bank's current net NPA ratio?

Net NPA ratio improved to 0.41% as of 30 June 2025.

What are the bank's capital adequacy ratios after Q1-FY26 earnings?

Including Q1 profits, total CAR is 16.97% and CET-1 is 16.31%.

How did net interest income (NII) perform year-on-year?

NII increased 10.6% YoY to ₹21,635 crore.

What growth was recorded in deposits and loans?

Deposits rose 12.8% YoY to ₹16.09 trn; domestic loans grew 12.0% YoY to ₹13.31 trn.

What is the status of the ICICI Prudential Pension Funds acquisition?

Board approved purchase of 100% stake for ₹2,035 million, pending regulatory approvals.