Taiwan Cooperative Financial Holding (5880) Q1 2025 earnings summary

Executive summary

• Consolidated net profit after tax for Q1 2025 was NT$4.99bn, down 7.28% year-over-year, with EPS at NT$0.32, a decrease from NT$0.34 in Q1 2024.

• Total assets reached NT$5,169bn as of March 31, 2025, up 5.09% year-over-year.

• Annualized ROE and ROA were 7.61% and 0.39%, respectively.

• The independent auditor’s review found the financial statements present fairly, in all material respects.

Financial highlights

• Net revenue for Q1 2025 was NT$26,982mn, up 7.25% year-over-year.

• Net interest income increased by 16% year-over-year to NT$8,288mn.

• Net fee income declined by 23.28% year-over-year.

• Operating expenses rose 3.41% year-over-year to NT$7,748mn.

• Provision expenses decreased by 43% year-over-year to NT$668mn.

Outlook and guidance

• Capital adequacy ratios for both the group and core bank exceed regulatory requirements for D-SIBs, supporting future growth.

• The group is assessing the impact of new IFRS standards effective in 2026 and 2027, including IFRS 17 and IFRS 18.

• Management expects continued focus on risk management, capital adequacy, and compliance with evolving regulatory standards.