CTBC Financial Holding Co (2891) Q1 2026 earnings summary

Executive summary

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

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

• Board approved a NT$2.5 per share dividend, with a payout ratio of 61.3% and yield of 4.56%.

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

• IFRS 17 and IFRS 15 adoption led to restatement of insurance segment financials and changes in fee recognition.

Financial highlights

• Net profit up 16% YoY to NT$23.6 billion; EPS NT$1.18; ROE 18.3%; ROA 1.19%.

• CTBC Bank net profit NT$16.8 billion, up 23% YoY; Taiwan Life net profit NT$7.8 billion, up 38% YoY.

• Other subsidiaries' net profit grew 111% YoY, benefiting from strong capital markets.

• Net interest income rose 18% YoY to NT$41.6 billion; net non-interest income was NT$18.3 billion.

• Group CAR 112.5%, Bank CAR 14.5%, CET1 ratio 11.1%.

Outlook and guidance

• Loan growth outlook upgraded to double digits, driven by AI demand and overseas expansion.

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

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

• Wealth management and insurance premium momentum expected to remain strong, with new product launches targeting high-net-worth clients.

• Dividend payout ratio will be reviewed annually, balancing growth and shareholder returns.