E.SUN Financial Holding Company (2884) Q4 2025 earnings summary

Executive summary

• Net profit for 2025 reached a record high of TWD 34.3 billion, up 31.2% year-over-year, with EPS at TWD 2.12 and ROE at 13.04%.

• Strong growth across all core businesses, including wealth management and bancassurance, with bancassurance up 23.2%.

• EGM and shareholders approved the acquisition of Mercuries Life Insurance, expected to boost total assets to TWD 6.1 trillion and diversify earnings, pending regulatory approval.

• Recognized for ESG leadership and awarded Forbes Taiwan Best Bank for the fifth consecutive year, with top rankings in sustainability and digital banking.

• Completed acquisition of E.SUN Asset Management Co., Ltd., expanding asset management business.

Financial highlights

• Total assets reached TWD 4.52 trillion as of December 31, 2025, up 11% year-over-year.

• Net revenue was TWD 91.8 billion, up 20.5% year-over-year; net interest income TWD 40.94 billion, up 20%.

• Net profit TWD 34.3 billion, up 31.2% year-over-year; EPS TWD 2.12.

• Wealth management fee income TWD 50.4 billion, up 40.3% year-over-year.

• NPL ratio at 0.15%, coverage ratio at 826%.

Outlook and guidance

• Loan and deposit balances expected to grow by 10% in 2026, with higher growth in foreign currency segments.

• Wealth management income projected to grow 15%; OpEx growth to remain single-digit.

• NIM expected to rise by 4-5 bps, assuming stable Taiwan rates and US Fed cuts in H2 2026.

• Pending regulatory approval, the Mercuries Life Insurance acquisition will expand the business into insurance and further diversify revenue streams.

• Cash dividend of TWD 1.40 per share for 2025 proposed, subject to shareholder approval.