Mega Financial Holding (2886) Q3 2024 earnings summary

Executive summary

• Earnings for the first three quarters of 2024 increased by 8% year-over-year, with consolidated profit reaching NT$29.32 billion, and EPS up 4% to NT$1.98.

• Total assets reached NT$4.61 trillion as of September 30, 2024, compared to NT$4.24 trillion a year earlier.

• The group maintained strong profitability and asset growth across core business segments.

• Strategic focus remains on corporate banking, digital transformation, sustainability, and expanding non-bank business lines.

Financial highlights

• Net interest income rose 2% year-over-year to NT$27.65 billion, while net fee income surged 31% to NT$11.11 billion for 1-3Q 2024.

• Net revenue other than interest climbed 24% year-over-year to NT$37.83 billion, and operating expenses rose 13%.

• Earnings per share (EPS) for the nine months was NT$1.98, up from NT$1.87 year-over-year.

• Total equity attributable to owners was NT$361.53 billion as of September 30, 2024.

• Return on assets (after-tax) was 0.72%; return on equity (after-tax) was 9.69%.

Outlook and guidance

• Dividend policy maintains a high payout ratio, with at least 50% in cash, aiming to balance capital sufficiency and shareholder returns.

• Continued focus on digital transformation, ESG, and cross-border business expansion.

• The group continues to focus on stable asset growth, prudent risk management, and capital adequacy.