The Shanghai Commercial & Savings Bank (5876) Q1 2025 earnings summary

Executive summary

• Consolidated net income for Q1 2025 was NT$5.90 billion, up from NT$5.27 billion in Q1 2024, with basic EPS of NT$0.96 versus NT$0.89 year-over-year.

• Total assets as of March 31, 2025 were NT$2.48 trillion, up from NT$2.43 trillion a year earlier.

• The review report found no material misstatements and confirmed compliance with Taiwan's financial reporting standards.

Financial highlights

• Net interest income for Q1 2025 was NT$9.58 billion, up 2% year-over-year.

• Non-interest income rose to NT$4.25 billion, driven by higher service fees and investment gains.

• Provisions for bad debt and guarantees increased to NT$1.51 billion from NT$0.70 billion year-over-year.

• Operating expenses rose to NT$5.29 billion, up from NT$4.93 billion in Q1 2024.

• Total comprehensive income for Q1 2025 was NT$8.92 billion, compared to NT$13.55 billion in Q1 2024.

Outlook and guidance

• The group continues to monitor the impact of new IFRS standards and expects no significant changes to accounting policies in 2025.

• Management is assessing the impact of future IFRS amendments effective in 2026 and beyond.