The Shanghai Commercial & Savings Bank (5876) Q1 2026 earnings summary

Executive summary

• Net income rose 9.52% year-over-year to NTD 5,109mn standalone and 10.73% to NTD 6,523mn consolidated in Q1 2026.

• EPS increased 9.38% year-over-year to NTD 1.05.

• Pretax ROA and ROE improved to 1.44% and 11.23% respectively, both up from Q1 2025.

• Recognized for sustainability, winning multiple awards and maintaining high ESG ratings.

Financial highlights

• Net revenue grew 8.64% year-over-year standalone, but declined 0.75% consolidated.

• Net interest income up 3.88% standalone, down 4.87% consolidated; net fee income up 11.10% standalone, 13.02% consolidated.

• Pretax profit increased 10.74% standalone and 11.19% consolidated year-over-year.

• Asset quality: NPL ratio rose to 0.53% from 0.32% year-over-year; coverage ratio declined to 247.32% from 410.99%.

• Total assets up 2.91% standalone and 0.24% consolidated year-over-year.

• Deposits up 1.55% standalone, down 1.20% consolidated; loans up 2.28% standalone, down 0.85% consolidated.

Outlook and guidance

• 2026 targets include 15% growth in green investment and green loans, 10% increase in ESG-related lending, and 5% growth in digital transactions.

• Plans to maintain high sustainability standards, reduce customer complaints by 12%, and achieve zero regulatory fines.