Taiwan Cooperative Financial Holding (5880) Q2 2026 earnings summary

Executive summary

• Consolidated net profit after tax reached NT$13.39bn for H1 2026, up 36.67% year-over-year, with annualized ROE at 9.17% and ROA at 0.49%.

• EPS after tax was NT$0.80, and total asset value stood at NT$5,446bn.

• Core subsidiary TCB contributed NT$11.50bn in net profit after tax, up 8.77% year-over-year.

• The group adopted IFRS 17 for insurance contracts effective January 1, 2026, resulting in restated comparative financials.

Financial highlights

• Consolidated net income after tax increased from NT$9.80bn to NT$13.39bn, a 36.67% rise year-over-year.

• Consolidated total assets grew 3.27% year-over-year to NT$5,445.6bn.

• EPS rose 31.15% year-over-year to NT$0.80.

• Net asset value per share increased 11.83% to NT$18.06.

• Net revenue rose 17.71% and operating expenses increased 5.98% year-over-year.

Outlook and guidance

• Business volumes, especially loans and deposits, are expected to continue growing, driven by large enterprise and overseas business.

• The group is assessing the impact of new IFRS standards effective in 2027 and beyond, including IFRS 18 and amendments to IAS 28.

• Management continues to monitor the impact of Pillar Two income tax legislation in overseas jurisdictions.