The covid-19 pandemic affected the global banking industries with devastating results. Nonetheless, the pandemic forced banking industries to generate strategies to cushion the pandemic impact in the short term and long term. This study compares banking performances, namely capital adequacy, assets quality, management quality, earnings, and liquidity from 2011 Q1 until 2020 Q4. Also, to analyze the effect of macroeconomic factors, namely GDP growth, inflation, interest rate, and exchange rate on banking performances. And additionally, to explore the impact of the pandemic through both banking performances and macroeconomic factors and market return on the banks stock performance. The data of this study were collected from seven banks listed in Indonesia financial services authority as category four, representing 60% of Indonesia's banking assets. The analytical process was analyzed using mann-whitney U-Test and panel data methods. The statistical results revealed that capital adequacy and assets quality increased during the pandemic.