Fubon Financial (2881) Q2 2026 earnings summary

Executive summary

• Net income for the first half of 2026 exceeded TWD 97 billion, reversing a prior year loss, with FVOCI equity disposal gains of TWD 91.07 billion and combined net income and FVOCI gains totaling TWD 188.46 billion, setting a historical high.

• Total assets surpassed TWD 13.7 trillion, up over 15% year-over-year, with net worth exceeding TWD 1.2 trillion, up over 55%, and adjusted net worth over TWD 1.6 trillion.

• All major subsidiaries, including Fubon Life, Taipei Fubon Bank, Fubon Securities, Fubon Insurance, and overseas banks, achieved record-high profits year-over-year.

• The group adopted IFRS 17 for insurance contracts on January 1, 2026, restating prior period results and significantly impacting insurance-related accounts.

• Basic earnings per share for the six months was TWD 6.67.

Financial highlights

• Adjusted net worth reached over TWD 1.6 trillion; adjusted book value per share was TWD 109.30.

• Annualized ROA and ROE were 1.47% and 18%, respectively; adjusted for FVOCI gains, ROA was 2.85% and ROE 34.8%.

• Fubon Life's net income, including FVOCI gains, totaled TWD 143.29 billion; adjusted ROA and ROE were 4.56% and 40.53%.

• Taipei Fubon Bank net income rose over 30% year-over-year to TWD 25.74 billion; Fubon Securities net income surged over 170% year-over-year to TWD 11.02 billion.

• Capital adequacy ratio stood at 142.3%; equity/assets ratio was 9.33%.

Outlook and guidance

• Continued focus on leveraging internal channels, cross-selling, and digital transformation to drive premium growth and profitability.

• Ongoing expansion of overseas banking operations, with new branches in Tokyo and Sydney and plans for India.

• Emphasis on maintaining strong capital positions, prudent risk management, and ESG initiatives amid market volatility.

• Anticipated adoption of IFRS 18 in 2028 will further enhance financial statement presentation.