Many of us are still asking the same lingering question: "When is the right time to get back into Banks, and when will these stocks actually start moving?" After a period of consolidation, the latest data from early 2026 is finally giving us a much more optimistic answer. The headline news is that market liquidity is "soaking wet", M1 growth has surged by 14.6%, meaning households and corporates are sitting on fresh cash ready to be spent or invested. With the Government extending state fund placements (SAL) through September, our banks have plenty of "breathing room" to ramp up lending.

If we look at the report cards of the "Big Three," the dynamics are quite compelling. Bank Mandiri (BMRI) has emerged as the growth star, with net profit jumping 16.2% fueled by aggressive loan expansion.
 

On the other hand, BCA (BBCA) remains the "steady ship," delivering the highest absolute profit with its trademark resilience.
 

Meanwhile, BNI (BBNI), despite facing some pressure on interest costs, is still recording massive loan growth of nearly 20%, showing that the underlying credit engine is still running hot.
 

The irony is that while fundamentals are this robust, share prices have actually de-rated due to recent technical selling. Currently, valuations (PBV) are trading below their historical averages. This creates a classic "valuation anomaly", the banks are getting healthier and more liquid, yet the stocks are getting cheaper. With manageable earnings risks and strong fiscal coordination, the current selling pressure is actually carving out a very attractive entry point before the broader market catches on.
 

So, for those asking when to step in: the window is opening now for selective accumulation. We don’t need to wait for the momentum to fully swing in the second half of the year when prices might already be stretched. With liquidity supporting the system and credit growth holding near double digits, the banking sector has a very solid foundation for a fundamental re-rating in the near term.