Abstract
This study examines the effect of digital transaction growth, firm size, and liquidity on the profitability of banking companies listed on the Indonesia Stock Exchange for the 2021–2024 period. The rapid digitalization of the financial sector and inconsistencies in prior research findings drive this investigation. Using a quantitative approach with multiple linear regression on ten sample banks, the results indicate that only digital transaction growth significantly influences profitability partially. Simultaneously, all variables significantly affect financial performance. Digital transaction growth emerges as the most dominant factor in driving profits. Banks are advised to strengthen their digital service infrastructure to optimize future earnings.
References
Al-Fairus, F. R., & Fadli, F. (2024). Pengaruh Layanan Digital, Tingkat Kompetisi, dan Diversifikasi Pendapatan terhadap Profitabilitas Perbankan. Contemporary Studies in Economic, Finance and Banking, 3(4), 871-887. https://doi.org/10.21776/csefb.2024.03.4.04.
Andayani, N. K. M., & Purbawangsa, I. B. A. (2019). The Role of Profitability in Mediating Effect of Liquidity, Capital Structure, and Sales Growth on Corporate Value in Manufacturing Companies of Indonesia Stock Exchange. Russian Journal of Agricultural and Socio-Economic Sciences, 95(11), 93-103. https://doi.org/10.18551/rjoas.2019-11.12.
Arinta, Y. N., & Widyastuti, E. (2024). Accelerating Digital Banking Transformation Through User Acceptance: A Study on the Millennial Cultural. Maksimum, 14(1), 74-74. https://doi.org/10.26714/mki.14.1.2024.74-87.
Astuti, S. E., Sembiring, L. D., Supitriyani, S., Azwar, K., & Susanti, E. (2021). Analisis Laporan Keuangan. Yoga Pratama.
Atasyadila, H., & Muchlis, M. (2024). Pengaruh Digital Banking terhadap Profitabilitas dan Efisiensi Operasional Perbankan. Journal of Accounting, Management and Islamic Economics, 2(2), 469-478. https://doi.org/10.35384/jamie.v2i2.619.
Bank Mandiri (Persero) Tbk. (2022). Annual Report PT Bank Mandiri (Persero) Tbk. Bank Mandiri (Persero) Tbk. https://www.bankmandiri.co.id.
Coryanata, I., Ramli, E. H., Puspita, L. M. N., & Halimatusyadiah, H. (2023). Digitalization of Banking and Financial Performance of Banking Companies. International Journal of Social Service and Research, 3(2), 366-371. https://doi.org/10.46799/ijssr.v3i2.254.
Dehnert, M. (2020). Sustaining the Current or Pursuing the New: Incumbent Digital Transformation Strategies in the Financial Service Industry. BuR- Business Research, 13(3), 1071-1113. https://doi.org/10.1007/s40685-020-00136-8.
Ganefi, H. S., Syafrudin, O., & Lesmana, A. S. (2024). Determinant Efficiency of the Banking Industry in Indonesia. Jurnal Riset Ekonomi dan Bisnis, 17(2), 113-113. https://doi.org/10.26623/jreb.v17i2.8994.
Hakizimana, S., Wairimu, M. M. C., & Stephen, M. (2023). Digital Banking Transformation and Performance-Where Do We Stand?. International Journal of Management Research and Emerging Sciences, 13(1), 179-196. https://doi.org/10.56536/ijmres.v13i1.404.
Harahap, S. S. (2018). Analisis Kritis Atas Laporan Keuangan. Rajawali Pers.
Harsono, I. (2024). The Influence of Risk, Management Quality, Company Size and Bank Liquidity on Banking Financial Performance (2018-2022). Economics Studies and Banking Journal (DEMAND), 1(1), 26-36. https://doi.org/10.62207/fsvf3e85.
Hartono, J. (2012). Teori Portofolio dan Analisis Investasi Edisi Ketujuh. BPFE-Yogyakarta.
Hartono, U., & Nurvitasari, D. (2023). Bank Profitability Analysis: the Role of Liquidity, Company Size, Asset Quality, and Leverage. Matrik Jurnal Manajemen Strategi Bisnis dan Kewirausahaan, 17(2), 196-208.
Haryono, S., & Widiyanti, M. (2023). Pengaruh Digital Banking terhadap Profitabilitas Bank. Jurnal Ekonomi dan Bisnis, 12(3), 45-58.
Kasmir. (2012). Bank dan Lembaga Keuangan Lainnya Edisi Revisi 2014. PT RajaGrafindo Persada.
Kasmir. (2014). Analisis Laporan Keuangan. PT RajaGrafindo Persada.
Kirana, P., & Waluyo, D. (2022). Pengaruh NPL, LDR, dan BOPO terhadap ROA pada Bank yang Terdaftar di Bursa Efek Indonesia Periode 2012-2021. Jurnal Capital, 4(2), 46-63.
Komara, E., & Utami, D. T. (2024). The Effect of Customer Satisfaction, E-Word of Mouth, and Initial Trust on Livin’s Mobile Banking Adoption Interest. Jurnal Manajemen, 15(1), 194-203. https://doi.org/10.32832/jm-uika.v15i1.14771.
Lazuardi, J., Muktiyanto, A., & Budiyanti, H. (2023). Analysis of the Influence of Digital Banks on Bank Profitability. Jurnal Ilmu Keuangan dan Perbankan (JIKA), 12(2), 171-180. https://doi.org/10.34010/jika.v12i2.9517.
Linawati, N., Moeljadi, M., Djumahir, D., & Aisjah, S. (2023). The Effect of Liquidity, Efficiency, and Overhead on Bank Profitability. In Advances in Economics, Business and Management Research/Advances in Economics, Business and Management Research, 42–51. Atlantis Press. https://doi.org/10.2991/978-94-6463-178-4_6.
Nguyen, Q. T. T., Ho, L., & Nguyen, D. T. (2023). Digitalization and Bank Profitability: Evidence from an Emerging Country. International Journal of Bank Marketing, 41(7), 1847-1871. https://doi.org/10.1108/ijbm-03-2023-0156.
Rachmawati, P. D., & Pimada, L. M. (2024). Revisiting Banks’ Performance after the Digitalization Acceleration: The Case of Conventional Banking Industry in Indonesia. KINERJA, 28(1), 122-142. https://doi.org/10.24002/kinerja.v28i1.8109.
Rahmansyah, A. I., Balqis, N. S., Rahajeng, Y., Elmas, M. S. H., & Masluha, S. (2022). The Effect of Non Perfoming Financing and Financing to Deposit Ratio on Return on Assets. ASSETS: Jurnal Ilmiah Ilmu Akuntansi Keuangan dan Pajak, 6(2), 100-107. https://doi.org/10.30741/assets.v6i2.849.
Riau, U. M., Sulistyandari, S., Kusumah, A., Fikri, K., & Bakaruddin, B. (2023). Can Firm Size as a Moderating Variable Enhance Profitability in Islamic Banks in Indonesia?. Jurnal Manajemen Teknologi, 22(3), 300-319. https://doi.org/10.12695/jmt.2023.22.3.6.
Stefanelli, V., Manta, F., & Toma, P. (2022). Digital Financial Services and Open Banking Innovation: are Banks Becoming Invisible?. In arXiv (Cornell University). Cornell University. https://doi.org/10.48550/arxiv.2210.01109.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright (c) 2026 Hayu Febrian Shintadevi , Nur Lailiyatul Inayah