In response to the complex erosion environment caused by periodic water level fluctuations, dry–wet cycles, and long-term water flow scouring on the Yangtze River bank, three typical soil-fixing and bank-protecting plants, Cynodon dactylon, Carex breviculmis, and Digitaria sanguinalis, which can adapt to both aquatic and terrestrial conditions, were selected for planting experiments. Tests on root–soil composite shear strength, disintegration, and water flow scouring were conducted to investigate the effects of different bank-protecting plants on bank stabilization. The results show that: 1. The root systems of the three plants significantly enhance the soil shear strength at various soil depths, but the reinforcing effect decreases with increasing soil depth. The cohesion strength of the root–soil composites ranks as Carex breviculmis > Digitaria sanguinalis > Cynodon dactylon, with maximum increases of 54.83 kPa, 20.66 kPa, and 6.5 kPa, respectively, equivalent to 3.16, 1.82, and 1.26 times that of bare soil. 2. Under dry–wet cycling, the water stability of the root–soil composites is significantly higher than that of bare soil. The disintegration residual rate of Cynodon dactylon and Digitaria sanguinalis decreased from 81.76% to 38.23% and from 80.18% to 34.34%, respectively, whereas Carex breviculmis showed only a slight decrease from 80.41% to 75.1%. Carex breviculmis exhibits the strongest stability and is least affected by dry–wet cycles, while the water stability of Cynodon dactylon and Digitaria sanguinalis declines noticeably with increasing cycle numbers. The plants’ ability to improve soil water stability ranks as Carex breviculmis > Cynodon dactylon > Digitaria sanguinalis. 3. The enhancement of bank erosion resistance is mainly attributed to the formation of a root-reinforced network, which strengthens the soil through root–soil interlocking and anchorage, thereby increasing resistance to flow-induced shear stress and reducing particle detachment under hydraulic action. The bank erosion resistance index ranks as Carex breviculmis > Cynodon dactylon > Digitaria sanguinalis, and decreasing with increasing runoff velocity. Compared to bare soil slopes, the maximum enhancement effects on bank erosion resistance are 75.1%, 63.3%, and 54.2% respectively.