TS Financial Holding (2887) Q1 2025 earnings summary

Executive summary

• Consolidated net income for Q1 2025 was NT$4.73 billion, down from NT$5.01 billion in Q1 2024, with EPS at NT$0.33 versus NT$0.35 year-over-year.

• Total assets reached NT$3.42 trillion as of March 31, 2025, up from NT$3.20 trillion a year earlier.

• The merger with Shin Kong Financial Holding was approved, with the effective date set for July 24, 2025.

Financial highlights

• Net interest income rose to NT$9.33 billion, up 12.9% year-over-year.

• Net income from insurance operations increased to NT$9.82 billion from NT$6.81 billion year-over-year.

• Net revenue and gains totaled NT$24.76 billion, up 16.2% from Q1 2024.

• Total comprehensive income dropped sharply to NT$0.92 billion from NT$5.02 billion year-over-year, mainly due to a NT$3.81 billion loss in other comprehensive income.

• Total equity attributable to owners was NT$229.78 billion at quarter-end.

Outlook and guidance

• The group is assessing the impact of new IFRS standards effective in 2026, including IFRS 17 for insurance contracts.

• The merger with Shin Kong Financial Holding is expected to expand scale and synergies.