E.SUN Financial Holding Company (2884) Q2 2025 earnings summary

Executive summary

• Achieved record high net profit for the first half of 2025, with consolidated net income reaching NT$16,775.8 million, up 32% year-over-year, and strong growth across all core business segments, including significant overseas profit contributions.

• Net fee income and wealth management fee income both set new records, with bancassurance growing 33% year-over-year.

• Overseas expansion continues, with new approvals for branches in Toronto, Mumbai, and Dallas, and PGIM SITE officially joining as a subsidiary.

• Recognized for excellence in private banking, SME banking, and corporate governance, maintaining top 5% ranking in governance for ten consecutive years.

• Consolidated financial statements for the six months ended June 30, 2025, were audited and present a fair view in accordance with ROC regulations and IFRS standards.

Financial highlights

• Net revenue for H1 2025 reached NT$43,120.3 million, up 19.3% year-over-year; net profit was NT$16,775.8 million, up 32%.

• EPS at NT$1.05, ROE at 13.35%, and ROA at 0.81%.

• E.SUN Bank contributed nearly 96% of total profit, with its net profit up 46% year-over-year.

• Loan balance grew 9.1% to NT$2.4 trillion; deposit balance up 7.9% year-over-year.

• NPL ratio at 0.14%, coverage ratio at 835%.

Outlook and guidance

• Loan growth guidance revised to 7%-8% due to NT dollar appreciation; deposit growth expected at 5%-6%.

• Wealth management targeted for double-digit growth; foreign currency loans and deposits expected to grow 18.4% and 15.5%, respectively.

• NIM expected to increase by 2-3 basis points by year-end, supported by funding cost control and yield curve normalization.

• U.S. Fed rate cuts anticipated in September and December; Taiwan Central Bank expected to keep rates flat.

• The group continues to focus on ESG initiatives, talent cultivation, and sustainable development, including a major donation for a sustainability lecture hall.