First Financial Holding (2892) investor relations material

Executive summary

• Achieved record first-quarter consolidated net income of NT$8.244 billion, up 26.5% year-over-year, with EPS rising to NT$0.57, driven by strong banking and securities performance.

• Total assets reached NT$5.15 trillion as of March 31, 2026, up 7.5% year-over-year.

• Non-bank subsidiaries contributed 12% of total earnings, up from 9% a year ago, reflecting diversification.

• The group adopted IFRS 17 for insurance contracts in 2026, restating prior-year comparatives and redesignating certain financial assets.

• Proposed a cash dividend of NT$1.30 per share for 2025, representing a 69.5% payout ratio, with an additional NT$0.25 per share in stock pending approval.

Financial highlights

• Net interest revenue for Q1 2026 was NT$9.66 billion, up from NT$7.96 billion year-over-year.

• Net service fee and commission income increased to NT$4.68 billion from NT$3.68 billion year-over-year.

• Comprehensive income reached NT$8.77 billion (+1.0% YoY); total assets grew 7.5% YoY to NT$5,146,398 million.

• ROAE improved to 11.16% (+16.7% YoY); ROAA increased to 0.64% (+14.3% YoY).

• Basic and diluted EPS for Q1 2026 was NT$0.57, compared to NT$0.45 in Q1 2025.

Outlook and guidance

• Loan growth expected to remain robust, supported by ongoing corporate CAPEX and working capital demand, especially in tech, SME, FX, and large corporate lending.

• The group expects continued growth in banking and insurance segments, supported by stable net interest margins and improved insurance profitability under IFRS 17.

• Continued focus on fee income and wealth management to drive profitability.

• Dividend policy for 2025 proposes NT$1.30 per share in cash and NT$0.25 per share in stock, pending shareholder approval.