CTBC Financial Holding Co (2891) investor relations material

Executive summary

• Consolidated net profit for Q1 2026 reached NT$23.6 billion, up 16% year-over-year, driven by strong banking, insurance, and securities performance.

• EPS was NT$1.18 and ROE improved to 18.3%, reflecting robust profitability.

• Total assets reached NT$9.63 trillion as of March 31, 2026.

• IFRS 17 and IFRS 15 adoption impacted insurance and fee recognition, with retrospective restatement of 2025 figures.

• Board approved a NT$2.5 per share dividend, with a payout ratio of 61.3%.

Financial highlights

• Net profit up 16% year-over-year to NT$23.6 billion; EPS NT$1.18.

• Group ROE at 18.3%, ROA at 1.19%.

• CTBC Bank net profit NT$16.8 billion, up 23% year-over-year; Taiwan Life net profit NT$7.8 billion.

• Wealth management fee income up 28% year-over-year; total fee income up nearly 20%.

• Other subsidiaries' net profit grew 111% year-over-year.

Outlook and guidance

• Loan growth outlook revised to double digits, driven by AI demand and supply chain relocation.

• NIM expected to remain stable or increase, with positive sensitivity to interest rate hikes.

• Management is focused on capital adequacy, risk management, and digital transformation to sustain growth.

• Taiwan Life expects double-digit growth in new business premiums, focusing on USD interest-sensitive and participating policies.

• The group continues to monitor the impact of IFRS 17 and expects ongoing volatility in insurance results.