First Financial Holding (2892) Q4 2025 earnings summary

Executive summary

• Achieved record consolidated net income of NT$26,933mn in 2025, up 6.2% year-over-year, with flagship bank contributing NT$25,663mn and non-bank subsidiaries NT$2,420mn.

• Consolidated financial statements for 2025 and 2024 were audited and received an unqualified opinion, confirming fair presentation in accordance with IFRS and local regulations.

• Core earnings growth offset higher provisions, supported by resilient asset quality and strong loan growth of 6.3% year-over-year.

• Wealth management business surged 21.5% annually, driving net fee income up 9.2% year-over-year.

• Key audit matters included impairment assessment of loans, fair value measurement of unlisted stocks, and insurance liabilities policy reserve.

Financial highlights

• Consolidated net income rose to NT$26,933mn (+6.2% YoY); EPS increased to NT$1.87 (+6.3% YoY).

• Comprehensive income reached NT$38,069mn (+22.7% YoY); total assets grew 7.2% to NT$5,041,754mn.

• Book value per share increased 6.4% to NT$20.33; capital stock up 2.5% to NT$143,795mn.

• ROAE declined slightly to 9.61% (-2.1% YoY); ROAA at 0.55% (-1.8% YoY).

• Basic and diluted EPS for 2025 was $1.87, compared to $1.76 in 2024.

Outlook and guidance

• Banking profitability expected to drive future growth, with focus on sustainable loan expansion and private banking for high-net-worth clients.

• Adoption of IFRS 17 in 2026 is expected to increase owners' equity by approximately 0.5% as of January 1, 2025.

• The group is preparing for enhanced disclosure and measurement changes under new IFRS standards, particularly for insurance contracts.

• Continued efforts to diversify revenue streams through securities and life insurance subsidiaries.