Taiwan Business Bank (2834) Q1 2026 earnings summary

Executive summary

• Net profit for Q1 2024 reached NT$3.44 billion, up 17% year-over-year from NT$2.94 billion in Q1 2023.

• Total assets as of March 31, 2024, were NT$2.56 trillion, an increase from NT$2.35 trillion a year earlier.

• The financial statements received an unqualified review from the external auditor.

Financial highlights

• Interest income for Q1 2024 was NT$14.58 billion, up 3.7% year-over-year.

• Net interest income rose to NT$5.51 billion, a 13.7% increase year-over-year.

• Net fee income remained stable at NT$1.92 billion.

• Operating expenses increased to NT$4.27 billion, up 5.2% year-over-year.

• Basic and diluted EPS for Q1 2024 were both NT$0.35, compared to NT$0.30 in Q1 2023.

Outlook and guidance

• Management expects continued asset growth and stable profitability, with ongoing focus on risk management and capital adequacy.

• Adoption of new IFRS standards is not expected to have a material impact.