TS Holdings holds its first analyst meeting as a combined entity; Reporting steady profit momentum and anticipating significant merger synergies.
(2025/08/29) TS Financial Holding Co., Ltd. (TS Holdings) today held its first-ever analyst meeting following the merger’s completion on July 24. TS Holdings’ President Welch Lin and CFO Carol Lai, alongside Taishin Bank (TSIB) President Sharon Lin, Shin Kong Bank President Bruce Lee, Taishin Life (TS Life) CEO Joseph Day, Shin Kong Life Spokesperson Judy Lin, Shin Kong Life Executive Vice President of Investment Division Stephen Wang, Shin Kong Life Chief Actuary Han-Wei Lin, Taishin Securities (TSS) Chairman Jerry Guo, and MasterLink Securities Chairman Chun-Hong Chen, presented at the meeting to address the former entity Taishin FHC (TFHC)’s 1H25 operating results (January through June). Welch Lin stated that TFHC maintained solid performances: 1H25 net income after tax was NT$10.2bn, the EPS was NT$0.71, the ROE was 10.61%, and the book value per common share was NT$12.81. As regards capital adequacy and asset quality, TFHC’s CAR was at 132.7%, TSIB’s BIS was at 14.6%, TSS’ CAR was at 237%, and TS Life’s RBC was at 458%. TSIB’s asset quality remained benign, with NPL% at 0.14% and coverage ratio at 921.5%.
Core subsidiary TSIB delivered a 1H25 net income after tax of NT$9.9bn (+14.3% YoY). Total loan and total deposit increased by 8% and 5.6% YoY, respectively, with LTD at 74.2%. Revenue-wise, TSIB delivered a net interest income of NT$15.8bn (+10.7% YoY) and a net fee income of NT$8.3bn (+16.2% YoY), bolstered by strong momentum from wealth management and credit card business. With over 179,000 merchants served and over 4.87 million active cards, the credit card business maintained substantial growth.
Subsidiary TS Life delivered a 1H25 net income after tax of NT$1.3bn while staying attuned to social trends and customer needs, with a 1H25 FYP of NT$20.6bn and its market share increasing to 4.07% (vs. 3.08% at the end of 2024). Subsidiary TSS’ 1H25 net income after tax was 0.5bn, hindered by market fluctuations. After TSIB rolled out the feature for users to open TSS accounts via the TSIB APP, accounts acquired online surged to represent 60% of all new TSS accounts in 1H25.
Taishin FHC and Shin Kong FHC officially merged on July 24, creating TS Holdings, the fourth-largest financial holding company in Taiwan, boasting over NT$8tn in assets. Fully integrated with Shin Kong, TS Holdings is poised to offer customers a broader array of products and services, creating higher value for shareholders and cultivating an expanded platform for employees to fully realize their potential. The consolidation of major subsidiaries—banking, life insurance, securities, and investment trust—is set to be completed within 2 years and will significantly enhance complementary synergies. Furthermore, after obtaining approval to establish a presence in the “Kaohsiung Financial Zone” in early August, TSIB held a grand ceremony on August 28 to elevate its Lingya branch into Taishin Bank’s operational hub for the Asia Asset Management Zone. This milestone underscores TSIB’s strategic commitment to strengthening its foothold in southern Taiwan and winning the high-net-worth segment.
TS Holdings’ commitment to sustainability has garnered significant international recognition, achieving Top 1% rankings in both the banking and insurance sectors in the S&P Global Sustainability Yearbook 2025 and being named by TIME in the magazine’s World’s Most Sustainable Companies 2025. Looking ahead, TS Holdings will strive to drive sustainable, low-carbon, and net-zero initiatives, guiding corporate clients as their smart partner to align with global standards in advancing sustainable developments.