ICICI Bank vs Mizuho

On this page, ICICI Bank Ltd. and Mizuho Financial Group, Inc. are compared to illuminate their business models, financial performance, and market context in a neutral, accessible manner. The content covers structure, results, and industry positioning to help readers understand the landscape. Educational content, not financial advice.

On this page, ICICI Bank Ltd. and Mizuho Financial Group, Inc. are compared to illuminate their business models, financial performance, and market context in a neutral, accessible manner. The content ...

Comparison Snapshot

Key Financial Metrics

IBN

Metric

MFG

$108.29B

Market Cap

$107.50B

33.28%

Potential Profit

-11.80%

Strong Buy

Analyst Rating

Strong Buy

Why It's Moving

ICICI Bank shares swing ahead of crucial Q3 earnings reveal.

Shares plunged 5.22% to an intraday low of $29.08 on Jan 20, signaling heightened pre-earnings uncertainty.
Bank allotted 1.59 lakh equity shares on Jan 20, a routine move to support employee incentives amid steady capital management.
Q3 25/26 earnings dropped on Jan 23, with analysts eyeing loan growth and asset quality updates post-December 2025 quarter.

Sentiment:

🌋Volatile

Mizuho Slashes Workforce by a Third to Battle Fintech Rivals and Boost Profits

CEO highlights alarm over new entrants disrupting remittances and payments, driving the need for drastic cuts beyond initial 10,000-job speculation.
Plans include trimming 100 branches to 400 by fiscal 2024, tackling high fixed costs that have eroded earnings in a tough demographic landscape.
Recent quarters showed net profit down 12% to $1.75B and core business profit plunging 41%, underscoring urgency for structural changes.

Sentiment:

🐻Bearish

ICICI Bank shares swing ahead of crucial Q3 earnings reveal.

Shares plunged 5.22% to an intraday low of $29.08 on Jan 20, signaling heightened pre-earnings uncertainty.
Bank allotted 1.59 lakh equity shares on Jan 20, a routine move to support employee incentives amid steady capital management.
Q3 25/26 earnings dropped on Jan 23, with analysts eyeing loan growth and asset quality updates post-December 2025 quarter.

Sentiment:

🌋Volatile

Mizuho Slashes Workforce by a Third to Battle Fintech Rivals and Boost Profits

CEO highlights alarm over new entrants disrupting remittances and payments, driving the need for drastic cuts beyond initial 10,000-job speculation.
Plans include trimming 100 branches to 400 by fiscal 2024, tackling high fixed costs that have eroded earnings in a tough demographic landscape.
Recent quarters showed net profit down 12% to $1.75B and core business profit plunging 41%, underscoring urgency for structural changes.

Sentiment:

🐻Bearish

Investment Analysis

ICICI Bank

IBN

Pros

ICICI Bank consistently delivers high returns on equity, with a three-year average above 16%, reflecting strong profitability in India’s growing banking sector.
The bank benefits from India’s expanding digital economy and rising consumer credit demand, positioning it for continued loan growth and market share gains.
ICICI Bank maintains a diversified revenue stream across retail, corporate, and international banking, reducing reliance on any single business line.

Considerations

Intense competition in Indian retail banking pressures margins and increases customer acquisition costs as new fintech and private sector banks emerge.
Exposure to India’s cyclical economy and uneven corporate credit cycles may lead to volatility in asset quality during downturns.
Regulatory tightening and frequent policy changes in India’s banking sector can introduce compliance costs and operational uncertainty.

Mizuho

MFG

Pros

Mizuho Financial Group has delivered outstanding multi-year share price performance, driven by renewed investor confidence in Japan’s banking sector and global financial stocks.
Recent regulatory shifts and improved market conditions in Japan have enhanced Mizuho’s growth outlook, with revenue up nearly 25% year-on-year.
The group’s valuation metrics suggest it may still be undervalued relative to earnings and cash flow, despite a significant rally over the past year.

Considerations

Mizuho’s profitability metrics, such as return on equity, remain below many global peers, reflecting persistent challenges in Japan’s low-interest-rate environment.
The group’s performance is closely tied to Japan’s macroeconomic trends, including deflationary risks and demographic headwinds that may constrain long-term growth.
Execution risks exist around Mizuho’s ability to sustain recent earnings momentum amid potential volatility in global financial markets and domestic policy shifts.

About The Companies

ICICI Bank (IBN)

ICICI Bank Ltd (IBN) is one of India’s largest private-sector banks, offering retail, corporate and treasury services across a broad branch and digital network. Investors should know it combines a sizeable domestic deposit franchise with diversified lending — from mortgages and consumer loans to corporate credit and trade finance — and a growing fee-income mix. The bank has invested heavily in digital platforms, improving customer acquisition and operating efficiency, while remaining exposed to India’s economic cycle, interest-rate shifts and credit-quality trends. Key metrics to watch include net interest margin, non-performing assets, provisioning levels and loan growth versus deposit growth. Regulatory policy in India, competitive dynamics and currency moves can affect earnings. Market cap stands around $112.15bn, reflecting scale and investor expectations. This summary is educational only; it isn’t personal investment advice. Bank stocks can be volatile and past performance does not guarantee future returns — suitability depends on individual risk tolerance and goals.

Mizuho (MFG)

Mizuho Financial Group, Inc. (MFG) is one of Japan’s large banking groups, offering commercial banking, trust banking, securities and asset management services to retail, corporate and institutional clients. With a market capitalisation of about $80.47 billion, Mizuho’s performance is shaped by interest-rate cycles, loan demand in Japan and abroad, capital adequacy, and fee-based income from markets and advisory work. Investors should note its sensitivity to domestic economic health, regulatory developments and currency movements, as well as credit quality across its loan book. The group has been focusing on efficiency, digitalisation and international expansion, but competition and cyclical headwinds remain. This summary is educational and not personal financial advice — values can fall as well as rise. Prospective investors should review the company’s filings, monitor capital ratios and macroeconomic indicators, and consider seeking regulated financial advice tailored to their circumstances.

ICICI Bank (IBN) Next Earnings Date

ICICI Bank Ltd (IBN) next earnings release is estimated for January 23, 2026. This report will cover the Q3 FY25/26 period, following the prior Q2 release on October 18, 2025. Estimates cluster around this date based on historical patterns, though the company has not officially confirmed it.

Mizuho (MFG) Next Earnings Date

Mizuho Financial Group's next earnings date is estimated for February 2, 2026, prior to market open, covering the third quarter of fiscal year 2025 (Q3 FY2025, ending December 31, 2025). This date aligns with the company's historical reporting pattern, following prior releases such as Q2 FY2025 on November 13, 2025. Investors should monitor official announcements for any confirmations or adjustments.

ICICI Bank (IBN) Next Earnings Date

ICICI Bank Ltd (IBN) next earnings release is estimated for January 23, 2026. This report will cover the Q3 FY25/26 period, following the prior Q2 release on October 18, 2025. Estimates cluster around this date based on historical patterns, though the company has not officially confirmed it.

Mizuho (MFG) Next Earnings Date

Mizuho Financial Group's next earnings date is estimated for February 2, 2026, prior to market open, covering the third quarter of fiscal year 2025 (Q3 FY2025, ending December 31, 2025). This date aligns with the company's historical reporting pattern, following prior releases such as Q2 FY2025 on November 13, 2025. Investors should monitor official announcements for any confirmations or adjustments.

Which Baskets Do They Appear In?

Asian Banking M&A: What's Next After HSBC Deal

HSBC's proposed $37.36 billion buyout of Hang Seng Bank signals a major consolidation event in Hong Kong's financial industry. This strategic move to take the bank private could catalyze further mergers and acquisitions, creating opportunities for other dominant banking institutions in the Asia-Pacific region.

Published: October 9, 2025

ICICI Bank vs Mizuho

Comparison Snapshot

Why It's Moving

ICICI Bank shares swing ahead of crucial Q3 earnings reveal.

Mizuho Slashes Workforce by a Third to Battle Fintech Rivals and Boost Profits

ICICI Bank shares swing ahead of crucial Q3 earnings reveal.

Mizuho Slashes Workforce by a Third to Battle Fintech Rivals and Boost Profits

Investment Analysis

ICICI Bank

Pros

Considerations

Mizuho

Pros

Considerations

About The Companies

ICICI Bank (IBN) Next Earnings Date

Mizuho (MFG) Next Earnings Date

ICICI Bank (IBN) Next Earnings Date

Mizuho (MFG) Next Earnings Date

Which Baskets Do They Appear In?

Asian Banking M&A: What's Next After HSBC Deal

Navigating U.S.-India Trade Tensions

The Next Fed Chair: A Monetary Policy Pivot

Which Baskets Do They Appear In?

Asian Banking M&A: What's Next After HSBC Deal

Navigating U.S.-India Trade Tensions

The Next Fed Chair: A Monetary Policy Pivot

Banking On The Fed's Rate Hold

Fed Under Fire: Navigating Policy & Rate Shifts

European Financial Consolidation

India's Hidden Gems

India's 2025 Growth Playbook

India's Credit Growth Story

India's Credit Boom

India's Economic Fortress

India's Fortress Balance Sheet

Islamic Finance Leaders

Made in India

Buy IBN or MFG in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Discover More Comparisons

ICICI Bank vs Marsh McLennan

ICICI Bank vs Intercontinental Exchange

ICICI Bank vs KKR

Frequently asked questions

What does stock-to-stock comparison tell us about ICICI Bank and Mizuho?

How should I interpret return metrics like equity return when comparing these banks?

What role does market context play in interpreting each bank’s performance?

How should I view the potential for growth in ICICI Bank versus Mizuho?

What do profitability margins tell us about these banks’ operating models?

How do regulatory changes affect ICICI Bank and Mizuho differently?

What does diversification mean for risk when comparing these two banks?

How should I use the pros and cons lists when reading this page?

Are the figures in the page comparable on a like-for-like basis?

What should beginners avoid when reading stock comparisons like this?

Educational disclaimer: how should this page be used?

Comparison Snapshot

About The Companies