SinoPac Financial Holdings (2890) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 reached NT$11.02 billion, up 52% year-over-year, with EPS at NT$0.76 and annualized ROE at 17.09%.

• Total assets grew to NT$3.82 trillion, reflecting business expansion and acquisitions.

• The group completed the acquisition of King's Town Bank and Amret Plc., strengthening its banking and Southeast Asian microfinance presence.

• Net interest income rose 40.8% YoY, and fee income surged 42.8% YoY, driven by wealth management and brokerage.

• The group and subsidiaries received multiple industry awards for digital finance, customer experience, and wealth management.

Financial highlights

• Consolidated net revenues for Q1 2026 were NT$26.20 billion, up 40% YoY and 38.3% QoQ.

• Net interest income was NT$11.93 billion (+40.8% YoY), net fee income NT$9,232 million (+42.8% YoY), and other revenues NT$5,036 million (+35.4% YoY).

• Profit from continuing operations before tax was NT$13.17 billion, up 53% YoY.

• Operating expenses decreased to a cost-income ratio of 44% (down 5 percentage points YoY).

• ROA was 1.18% and ROE was 17.09%, both showing significant improvement YoY and QoQ.

Outlook and guidance

• Management expects continued growth from organic expansion, M&A, and integration synergies, focusing on digital transformation, regional banking, and wealth management.

• Asset quality and capital levels are expected to remain strong, supporting further business development.

• Dividend policy for 2025 proposes NT$1.10 cash and NT$0.20 stock dividend per share, pending shareholder approval.