Wadiah: Jurnal Perbankan Syariah
Vol. 10 No. 2 (2026): Wadiah: Jurnal Perbankan Syariah

Pengaruh ROE, NPF, BOPO Terhadap Stock Price Pada PT Bank BTPN Syariah Tbk periode 2019-2024

Rezkiani Herlinda Pefriana (UIN Jurai Siwo, Lampung, Indonesia)
Reonika Puspita Sari (UIN Jurai Siwo, Lampung, Indonesia)
Muhammad Ryan Fahlevi (UIN Jurai Siwo, Lampung, Indonesia)



Article Info

Publish Date
29 Jun 2026

Abstract

This study aims to analyze the effects of Return on Equity (ROE), Non-Performing Financing (NPF), and Operating Expenses to Operating Income (BOPO) on the stock price of PT Bank BTPN Syariah Tbk for the period 2019–2024. Using an associative quantitative approach and multiple linear regression analysis, the results indicate that, individually, ROE has a significant positive effect, while NPF has a significant negative effect on stock prices. On the other hand, BOPO does not show a significant individual effect. Simultaneously, these three variables explain 57.1% of the variation in stock prices (based on the Adjusted R-Square value). This confirms that investors tend to focus their assessments on profitability and asset quality as the primary determinants of a company’s market value. The implications of this study suggest that bank management needs to improve profitability and maintain the quality of financing to strengthen investor confidence and support the stability of the company’s stock price.

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Journal Info

Abbrev

wadiah

Publisher

Subject

Description

Wadiah: Jurnal Perbankan Syariah is an research journal in the scope of Islamic Banking published by Fakultas Ekonomi dan Bisnis Islam, UIN Syekh Wasil Kediri. This academic journal serves as a platform for scholarly discussions in Islamic banking studies, following a rigorous peer-review process. ...