Hua Nan Financial Holdings (2880) Q1 2026 earnings summary

Executive summary

• Net profit after tax for Q1 2026 reached NT$7.66 billion, up 43.5% year-over-year, with EPS at NT$0.55 and annualized ROE and ROA at 12.77% and 0.70% respectively.

• Major subsidiaries posted strong growth: HNCB net income up 17.9% YoY, HNSC up 425.6% YoY, SCIC up 52.4% YoY.

• The group adopted IFRS 17 for insurance contracts effective January 1, 2026, with restated comparatives and significant changes in insurance accounting.

• Recognized for sustainability and innovation, with multiple awards and ESG index inclusions.

• Total comprehensive income for Q1 2026 was NT$7.09 billion, compared to NT$10.15 billion in Q1 2025, reflecting lower other comprehensive income.

Financial highlights

• Consolidated net income for Q1 2026 was NT$7.66 billion, a 43.5% increase YoY; EPS rose 44.7% YoY to NT$0.55.

• Total assets grew 7.6% YoY to NT$4.45 trillion; book value per share increased 5.6% YoY.

• Net interest income for Q1 2026 was NT$7.84 billion, up from NT$6.94 billion year-over-year.

• Net revenues other than interest reached NT$10.88 billion, up from NT$8.41 billion in Q1 2025.

• HNCB achieved double-digit growth in both net interest income and net fee income; NFI hit a record NT$4.56 billion.

Outlook and guidance

• Plans to adjust loan composition, expand SME business, and focus on high-contribution clients.

• Emphasis on digital empowerment, customer experience optimization, and targeting younger demographics.

• The group continues to monitor the impact of IFRS 17 and Pillar 2 income tax legislation in overseas markets.

• Management is focused on capital adequacy, risk management, and adapting to regulatory changes.

• HNSC to deepen one-stop “Bank + Securities” services and expand high-asset customer business.