First Financial Holding (2892) Q3 2025 earnings summary

Executive summary

• Achieved record net income of NT$21.70 billion for the first three quarters of 2025, driven by strong performance from both bank and non-bank subsidiaries.

• Consolidated total assets reached NT$4,919.6 billion as of September 30, 2025, up from NT$4,647.2 billion a year earlier.

• The group maintained a strong capital position, with equity attributable to owners at NT$282.0 billion.

• Asset quality remained robust, with NPL ratio at 0.17% and coverage ratio rising to 847.89%.

• The independent auditor’s review found no material misstatements in the financial statements.

Financial highlights

• Consolidated net income increased 4.3% year-over-year to NT$21.70 billion for 3Q25.

• Net interest income for the nine months was NT$25.25 billion, up from NT$23.39 billion year-over-year.

• EPS rose 4.1% to NT$1.51; book value per share up 3.8% to NT$19.61.

• Total consolidated assets grew 5.9% year-over-year to NT$4,919,623 million.

• Comprehensive income declined 1.9% year-over-year.

Outlook and guidance

• 2026 GDP growth forecast for Taiwan is 2.81%, indicating a cooling demand environment.

• The group expects the initial application of IFRS 17 in 2026 to reduce insurance contract liabilities and increase equity.

• Plans to adjust loan portfolio, expand private banking, and enhance efficiency with AI.

• Emphasis on developing securities and life insurance subsidiaries as supplementary profit engines.

• No significant impact is expected from new IFRS standards adopted in 2025.