CTBC Financial Holding Co (2891) Q2 2026 earnings summary

Executive summary

• Net profit for H1 2026 reached NT$40.46 billion, up 10% YoY, marking a record high, with comprehensive income at NT$251.5 billion driven by FVOCI gains at Taiwan Life.

• Shareholders' equity expanded 59.5% YoY; ROE was 13.5% and ROA up to 0.83%.

• CTBC Bank contributed 67% of earnings, Taiwan Life 22%, and other subsidiaries 11%.

• Total assets reached NT$10.26 trillion as of June 30, 2026.

• Group maintained a strong capital adequacy ratio, reported at 107.97% as of June 30, 2026.

Financial highlights

• Consolidated net profit for 6M26 was NT$40.46 billion, up 10.3% YoY; EPS at NT$1.96.

• Bank net profit for 6M26 was NT$31.2 billion (+12.3% YoY); Taiwan Life net profit NT$10.3 billion (+42.4% YoY).

• Fee income grew 26% YoY, led by 44% YoY growth in wealth management fees.

• NIM for H1 was 1.67%, up 17 bps YoY; Q2 NIM was 1.65%, down 3 bps QoQ.

• Book value per share rose to NT$34.4.

Outlook and guidance

• Double-digit loan and fee income growth expected to continue in H2 2026.

• NIM guidance for H2 is 1.7%-1.73%.

• IFRS 17 implementation and NT$177 billion CSM at Taiwan Life support long-term earnings visibility.

• Cost-income ratio expected to improve to 50%-52%.

• Dividend payout ratio expected to remain around 60%-65%, subject to capital needs.