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

Executive summary

• Achieved record high net profit for H1 2025, with net profit at TWD 16.8 billion, up 31.9% year-on-year, and strong growth across all core business lines and overseas profit up by high single digits.

• Net fee income and wealth management fee income both set new records, with bancassurance growing 33% year-on-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 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 was TWD 43.1 billion, up 19.3% year-on-year; net profit reached TWD 16.8 billion, up 31.9%.

• EPS was TWD 1.05; ROE at 13.35%; ROA at 0.81%.

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

• Loan balance grew 9.1% to TWD 2.4 trillion; SME loans up 8.4%; consumer loans up 6.9%.

• Deposit balance increased nearly 8% year-on-year; net fee income hit a record TWD 14.2 billion (+7.7% YoY).

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 rise 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 rates expected to remain flat.

• The board approved the acquisition of a 91.2% stake in Prudential Securities Investment Trust Co., Ltd., completed July 1, 2025.