It is crucial for organizations to possess awareness of financial performance in order to effectively manage their impact on future cash flows and profitability. Previous research conducted by other researchers showed different results (research gaps) regarding the effect of bank performance on banks stock returns. And there is still a limited study exploring the effect of bank performance and market return on bank stock returns moderated by economic growth, specifically for the banks in category IV (KBMI IV based on POJK No.12/POJK.03/2021). The research approach used in this research is a quantitative method. The data sources used in this study are secondary data in the form of financial statement data of banks in category four listed on the Indonesia stock exchange using the quarterly report for the period 2007-2021. This research use regression of panel data analysis. The findings resulted no differences in stock performance among banks in category four and NPL, LDR and market return positively and significantly affects the stock return for period 2007-2021. Result in this study also found that GDP Growth moderates the effect of LDR, ROA, NPL, NIM and market return on the banks' stock returns. The findings of this study might serve as a valuable tool for organizations and investors seeking to analyze and obtain a deeper understanding of the methods employed by banking sectors. The findings of this study have potential implications for the government, as they can be utilized to conduct a more in-dept analysis and formulate legislation pertaining to banking performance.