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

Executive summary

• Net profit reached a record high of NT$34.37 billion in 2025, up 31.2% year-over-year, with strong growth across all core businesses and overseas profit rising by high single digits.

• EPS increased to NT$2.12, ROE to 13.05%, and ROA to 0.80%, reflecting robust profitability.

• Wealth management and bancassurance both achieved record highs, with bancassurance growing 23.2% year-over-year.

• The group completed the acquisition of E.SUN Asset Management and is set to acquire Mercuries Life Insurance, pending regulatory approval.

• Recognized for ESG leadership, including Forbes Taiwan Best Bank for five consecutive years and multiple sustainability awards.

Financial highlights

• Total assets reached NT$4.53 trillion at year-end 2025, up 11% year-over-year.

• Net revenue was NT$91.8 billion, up 20.5% year-over-year; net profit was NT$34.3 billion, up 31.2% year-over-year.

• Net interest income rose 20% to NT$40.94 billion; net fee income increased 12.1% to NT$31.6 billion.

• Book value per share increased to NT$16.85.

• Operating expenses increased 11.9% year-over-year; provision expenses rose 53.3%.

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 by 15%; OPEX growth to remain in single digits.

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

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

• The board proposed a cash dividend of NT$1.40 per share for 2025, subject to shareholder approval.