The banking industry plays a big role in maintaining the financial stability of the country. For most banks especially during covid-19 pandemic, the importance of CSR comes to light with more expenditure requied. The trend of CSR activities are mostly targeted to increase transparency, focusing on green activities, local community and employee engagement, and diversity activities. With the result of CSR spending comes to light as it was meant to create an impact towards the public while helping the company's performance. However, there has been very little to no research conducted on the impact of CSR spending and profitability ratios towards stock return based on the banking industry in Singapore and Indonesia. Hence, the aim of this study is to investigate whether CSR spending and profitability rations have an impact towards stock return especially during covid-19 pandemic. USing the quantitative approach, primary data was gathered bu using datas from annual & sustainability reports from 24 banks from both Singapore & Indonesia and analyzed in eviews using the panel data regression analysis. The results revealed that CSr spending does not have any impact or significant effect towards stock return. On the contrary, NIM, a part of profitability ratios, is the only factor that has a significant impact towards stock return. Furthemore, the findings of this study will expand more on past research and add value to the next researcher.