台新新光金控

Taishin FHC’s 2025 Q1 Online Investor Conference held today (6th) was co-hosted by President of Taishin FHC Welch Lin, Chief Financial Officer Carol Lai, President of Taishin Bank Sharon Lin, CEO of Retail Banking Group Maggie Pao, CEO of Wholesale Banking Group Steven Chang, CEO of Finance and Financial Market Group Henry Chan, President of Taishin Life Insurance Dai Chao-Hui, and Chairman of Taishin Securities Jerry Guo. With respect to Taishin FHC's operating performance, Welch Lin stated that net profit after tax in the first quarter of 2025 was NT$4.7 billion. This represented an EPS of NT$0.33, a ROE of 9.32%, and a net worth per share of NT$14.03. Overall operations remained stable. In terms of capital structure and credit asset quality, the capital adequacy ratios of Taishin FHC, Taishin Bank, Taishin Securities and Taishin Life Insurance amounted to 142.0%, 15.3%, 261% and 423%, respectively, indicating a sound overall capital structure. The NPL ratio and NPL coverage ratio of Taishin Bank were 0.13% and 994.1%, respectively, maintaining good credit asset quality.

Taishin Bank, the main profit engine, performed exceptionally well, with steady growth in all its businesses. Taishin Bank generated a record-high net profit after tax of NT$4.94 billion for the first quarter, an annual increase of 12%. Taishin Bank's total loans increased by 7.6% compared with the same period last year, while its total deposits increased by 9.4% year-on-year, with a loan-to-deposit ratio of 72.4%. Regarding various major income, net interest income for the first quarter reached NT$7.7 billion, a year-on-year increase of 10.1%; net fee income amounted to NT$4.5 billion, up 23.1% year-on-year, primarily due to fee income from wealth management services reaching a record high for a single quarter and the recovery of momentum in syndicated loan business. In terms of the credit card business, the transaction amount and total revenue increased by 0.9% and 7.4% respectively compared with the same period last year. The number of active cards exceeded 4.84 million cards, and the number of card accepting merchants increased to 174,000, continuing to maintain its leading position in the market.

In respect of the business performance of its subsidiary Taishin Securities, net profit after tax declined in the first quarter due to investment losses caused by market fluctuations. However, the market share of brokerage services remained stable at 2.23%, with the number and amount of securities underwriting cases ranking second and fourth in the market, respectively. The market share of its subsidiary Taishin Futures rose to a record high of 1.87% in March. Taishin Life Insurance achieved a record high in quarterly premium income in the first quarter, with the first year premium (FYP) revenue reaching NT$10.5 billion, a year-on-year increase of 105.1%. Its market share also rose to 3.87%.

Welch Lin stated at the Investor Conference that the FSC granted official approval for the merger between Taishin FHC and Shin Kong FHC on March 31. The effective date of the merger is set for July 24, 2025. The merger plan for major subsidiaries such as banks, life insurance, securities and investment trusts will be completed within two years. After the merger, TS Holdings will become Taiwan's fourth largest financial holding group in terms of asset size, and the market share and scale of its three major businesses, namely, banking, insurance and securities, will also witness a significant growth. In the future, TS Holdings will actively support policy directions to facilitate stable development of the financial market. It will also integrate the strengths of both parties to improve operational efficiency, expand service scope, provide more comprehensive financial solutions, create higher value for customers, and create a promising career environment to enhance the international competitiveness of Taiwan's financial industry.

In addition to continuing to expand new businesses and enhance operational growth, Taishin Bank continues to actively expand its overseas presence. Following the opening of the Fukuoka Branch in Japan in 2024, Taishin Bank also obtained approval from the FSC for the establishment of the Manila Representative Office in the Philippines. Going forward, Taishin Bank will continue to align with the government's New Southbound Policy by leveraging its existing presence in Singapore, Malaysia, Vietnam, Myanmar and Thailand to continue to refine its regional footprint in Asia. This will enable Taishin Bank to provide customers with more comprehensive cross-border services and capitalize on the business opportunities arising from the Southbound Policy within the global supply chain.

In addition, Welch Lin also shared at the Investor Conference that Taishin is actively paying attention to international trends and taking concrete actions in promoting ESG sustainable development goals. Recently, Taishin FHC swept four gold awards, namely, the "Asia’s Best Materiality Reporting Gold Award," the "Asia's Best Community Impact Reporting Gold Award," the "Asia’s Best Stakeholder Reporting Gold Award", and the "Asia’s Best Workplace Reporting Gold Award", as announced by the Asia Sustainability Reporting Awards, one of Asia's leading sustainability awards, becoming the financial institution from Taiwan with the most gold awards this year. Taishin also received the best score of "A" in the 2024 CDP climate change questionnaire. Taishin FHC has demonstrated its outstanding sustainability performance and aims to uphold the spirit of "from Zero to Hero" to become a benchmark enterprise for financial sustainability.

Figure: Taishin FHC held 2025 Q1 Investor Conference, and its overall operations remained stable.