Analisis Perbandingan Kinerja Keuangan Bank Periode 2023-2025 Menggunakan Metode Du Pont System (Studi Kasus PT Bank Rakyat Indonesia Tbk dan PT Bank Mandiri Tbk)

Abstract

This study aims to analyse a comparison of the financial performance of PT Bank Rakyat Indonesia and PT Bank Mandiri over the period 2023–2025 using the Modified Du Pont System. The background to this study is the difference in Return on Equity (ROE) between the two banks, which tended to decline over the study period, although Bank Mandiri consistently recorded a higher ROE than BRI. This study employs a descriptive quantitative approach using secondary data obtained from the annual reports of both banks. The analysis was conducted by calculating the Net Profit Margin (NPM), Total Asset Turnover (TATO), Equity Multiplier (EM), and ROE. The results indicate that both BRI and Bank Mandiri experienced a decline in ROE during the 2023–2025 period. BRI’s ROE fell from 19.09% to 17.26%, whilst Bank Mandiri’s ROE fell from 20.88% to 18.73%. Although BRI had a higher TATO value, Bank Mandiri outperformed BRI in terms of NPM and EM, resulting in a higher ROE in each year of the study. Based on the Du Pont component analysis, the Net Profit Margin (NPM) is the most significant factor in explaining the difference in ROE between the two banks. This study concludes that Bank Mandiri demonstrated better financial performance than BRI in terms of return on shareholders’ equity. The findings of this study are expected to serve as a basis for consideration by investors, management and future researchers.