Yuanta Financial Holding (2885) Q1 2024 earnings summary

Executive summary

• Consolidated net income for Q1 2024 was NT$9,958 million, up 55% year-over-year from NT$6,405 million in Q1 2023.

• Total comprehensive income reached NT$13,052 million, compared to NT$12,009 million a year earlier.

• Basic earnings per share increased to NT$0.73 from NT$0.45 year-over-year.

Financial highlights

• Total assets as of March 31, 2024 were NT$3,535,816 million, up from NT$3,105,546 million a year earlier.

• Net interest income for Q1 2024 was NT$7,609 million, up from NT$7,317 million in Q1 2023.

• Net non-interest income rose to NT$23,407 million from NT$16,273 million year-over-year.

• Consolidated net income attributable to parent company was NT$9,235 million, with NT$723 million to non-controlling interests.

Outlook and guidance

• The auditors’ review concluded the financial statements present fairly, in all material respects, the financial position and performance for Q1 2024 and 2023.

• No significant changes in accounting policies or standards expected to materially impact future results.