This study aims to explore the differences in risk focus among bank managers, financial analysts, and credit raters by comparing the similarity of text frequency of bank annual reports, financial analysts' reports, and credit rating reports. We use the Vector Space model to vectorize the text. And we conducted the Cosine similarity measurements to get the variation of annual risk focus change of unilateral perspective and risk focus difference of the three parties. In the empirical analysis, we collect 204 Form 10-K filings, 193 credit rating reports and 193 credit rating reports from 2006 to 2022. The empirical results show that the bank risk focus perceived by bank managers, financial analysts and credit raters changes over time. Besides, the similarities of risk focus among bank managers, financial analysts and credit raters these three parties are quite low, especially for financial analysts and credit raters. Thus, our empirical findings found that bank managers, financial analysts and credit raters have different judgements on risk. It indicates that the comprehensive use of the information disclosed by the three parties can provide a more comprehensive evaluation of bank risk.