SinoPac Financial Holdings (2890) Q3 2025 earnings summary

Executive summary

• Achieved record-high net income for the first nine months of 2025, reaching NT$20.73 billion, with annualized ROE at 13.01% and total assets up 6% year-over-year.

• Net interest income growth was driven by lower funding costs, the Amret acquisition, and higher net interest revenue; net fee income was boosted by strong wealth management performance.

• Recognized for sustainability and digital innovation, winning 36 awards in 3Q25 and 127 awards in 9M25.

• Completed the acquisition of Amret Plc. in Cambodia and King's Town Bank in Taiwan, expanding the regional footprint.

Financial highlights

• 9M25 net revenues reached NT$55,451mn, up 10.9% YoY; net income at NT$20,730mn, up from NT$18,450mn YoY.

• Net interest revenue for 9M25 was NT$26,780mn, up from NT$18,860mn YoY; net revenues other than interest were NT$28,670mn, down from NT$31,140mn YoY.

• 3Q25 net revenues were NT$19,907mn (+17.9% QoQ, +16.3% YoY); net income NT$7,941mn (+47.0% QoQ).

• Total assets at NT$3.25tn (+5.8% QoQ, +5.5% YoY); capital adequacy ratio (CAR) at 136%.

• EPS for 9M25 was NT$1.57; book value per share at NT$16.53.

Outlook and guidance

• Continued focus on expanding green finance, digital transformation, and cross-industry ESG collaboration.

• Ongoing integration of Amret and King's Town Bank expected to further enhance NIM and loan growth.

• Management expects continued growth in net interest income and stable asset quality, supported by diversified business lines.