Like clock work, problems are piling on Hfck with disconcerting haste. NPLs rising at such a rapid pace (72%) in such a short while is a very big red flag. Lots of subprime lending (or worse) was undertaken by the bank - family bank too with the latter seemingly in murkier waters - which needs funding and must be flushed out eventually.
If that rate of default doesn't go down soon, recovery will take ages and tortuous at that.
The main purpose of the stock market is to make fools of as many people as possible.