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First Financial Holding Co. Ltd. Annual Report 2025

Mar 4, 2026

52222_rns_2026-03-04_045cd3f9-6c0e-414c-ac15-bc9b11ed9033.pdf

Annual Report

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First Financial Holding 2025 Full Year Earnings Results March 4, 2026

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Disclaimer

This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). The information contained within is not reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by FFHC. While we endeavor to provide accurate, complete and consistent information herein, FFHC makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter.

Users should also notice that this presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business plans and future outlook are forward-looking statements. By their nature, forwardlooking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but not limited to, regulatory developments, competitive environments, technological developments, general economic conditions and management changes.

The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. FFHC and all its affiliates representatives, no matter for their negligence or any other reasons, should not be liable for any loss or damages arising from the use of or interpretation by others of information contained within this presentation or any matter related to this document.

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Contents

  • At a Glance

  • Financial Highlights

  • Operating Results

  • Appendix

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At a Glance

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Group Net Income Trend (in NT$ mn )
Consolidated Net Income
+6.2%
26,933
25,359
22,461
20,596
19,369 16,808 19,739
17,332
2018 2019 2020 2021 2022 2023 2024 2025
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2026 Poised for Performance on 2025 Results

Record 2025 annual results for FFHC and flagship First Bank

FFHC posted a record net income of NT$26,933 mn in 2025, driven by subsidiary First Bank’s all time high of NT$25,663 mn and a NT$2,420 mn earnings contributions from non-bank subsidiaries.

Strong Core Earnings offset higher provisions with resilient asset quality

2025 NII grew 12.4% YoY with loan growth of 6.3%. Net fee increased 9.2% YoY on the back of buoyant wealth mgmt. business, which saw 21.5% annual growth. Higherthan-expected credit charges factored in pre-emptive general provisioning amid macro uncertainty. NPL was 0.17% and coverage ratio inched up again to 862.04%.

Sound lending momentum reflects success in cross-border financing

Total loans grew 6.3%. SME loans rose 6.0%, topping NT$1 trillion to retain market leadership for the 16th year. FX and Large Corporate lending expanded by 9.0% and 8.0% respectively, demonstrating cutting edge cross-border financing business. Mortgage loans grew steadily by 5.6% .

Banking profitability to lead growth and returns

Following tariff developments, bank subsidiary is to support business expansion for sustainable loan growth. Meanwhile, private banking for high-net-worth clients is being actively expanded in wealth mgmt. arena following deregulation. Concurrently, in order to diversity revenue streams, our efforts to enhance the profitability of securities and life insurance subsidiaries will also continue.

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Financial Highlights

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FFHC Key Figures

Bank
NT$25,663; 91.4%
Securities
NT$1,111; 3.9%
Investment Trust
NT$177; 0.6 %
Others
(VC+Consulting)
NT$305; 1.1%
Lifer
NT$635; 2.3%
Net Income Breakdown(in NT$ mn)
AMC
NT$192; 0.7%		 Bank
NT$25,663; 91.4%
Securities
NT$1,111; 3.9%
Investment Trust
NT$177; 0.6 %
Others
(VC+Consulting)
NT$305; 1.1%
Lifer
NT$635; 2.3%
Net Income Breakdown(in NT$ mn)
AMC
NT$192; 0.7%		 Key Figures(in NT$, NT$ mn)
Consolidated Net Income
Comprehensive Income
Total Assets
EPS
Book Per Share
Capital Stock
ROAE
ROAA
Group CAR
Double Leverage1
2025
26,933
38,069
5,041,754
1.87
20.33
143,795
9.61%
0.55%
130.73%
114.32%
YoY %
+6.2%
+22.7%
+7.2%
+6.3%
+6.4%
+2.5%
-2.1%
-1.8%
+3.7%
+2.1%
2024
25,359
31,018
4,704,422
1.76
19.10
140,287
9.82%
0.56%
126.05%
111.97%
Key Figures(in NT$, NT$ mn)
Consolidated Net Income
Comprehensive Income
Total Assets
EPS
Book Per Share
Capital Stock
ROAE
ROAA
Group CAR
Double Leverage1
2025
26,933
38,069
5,041,754
1.87
20.33
143,795
9.61%
0.55%
130.73%
114.32%
YoY %
+6.2%
+22.7%
+7.2%
+6.3%
+6.4%
+2.5%
-2.1%
-1.8%
+3.7%
+2.1%
2024
25,359
31,018
4,704,422
1.76
19.10
140,287
9.82%
0.56%
126.05%
111.97%
  1. Double leverage = equity investment / shareholder equity

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FFHC Net Income & Comprehensive Income

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2025 Consolidated Net Income & Comprehensive Income (in NT$ mn)
↑ 7.6%
↑ 10.7% ↑ 55.2%
↑ 6.2%
2024 Consolidated Net Income & Comprehensive Income (in NT$ mn)
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Net Income Breakdown by Subsidiaries*

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2025 Net Income By Subsidiaries (in NT$ mn)
↑ 7.8% ↑ 6.2%
26,933
25,663
↑ 9.3%
↓ 6.1%
1,111 177 635 192
First Bank First Securities FSITC First Life First AMC FFHC
2024 Net Income By Subsidiaries (in NT$ mn)
25,359
23,806
1,183 148 581 169
First Bank First Securities FSITC First Life First AMC FFHC
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  • Major 5 subsidiaries were listed.

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Operating Results

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FFHC’S & First Bank’s Profitability -After Tax

FFHC Net Income & ROAE (in NT$ mn)

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Cumulative Net Income Annualized ROAE
11.04% 10.92% 10.80% 10.60% 10.52% 10.52%
9.51% 9.82% 9.61%
1
22,461 7,015 13,729 20,808 25,359 15377,9369,293,8764,13378,16808,5029,10913, 7,206 13,946 21,699 26,933
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2023 3M24 6M24 9M24 2024 3M25 6M25 9M25 2025
First Bank Net Income & ROAE (in NT$ mn)
Cumulative Net Income Annualized ROAE
10.04% 9.92% 9.84% 9.68% 9.92% 9.55%
8.89% 8.99% 8.79%
23,806 25,663
21,526 19,443 20,551
12,799 13,807
6,493 6,778
2023 3M24 6M24 9M24 2024 3M25 6M25 9M25 2025
1 9 2 1
9 M 6 M
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FB Pre-tax Profits Breakdown

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||||||||
|---|---|---|---|---|---|---|
|Cumulative Net Revenue|(in NT$ mn)|% of Net Revenue|
|Item|2024|2025|Change|
|NII|44.3%|47.1%|+2.8%|
|66,564|Net Fee|19.0%|19.6%|+0.6%|
|62,930|+5.8%|
|Gain on ST Invest.|1.8%|1.7%|-0.1%|
|Gain on LT invest.|2.1%|2.0%|-0.1%|
|Gain on Fin. Products|31.5%|28.6%|-2.9%|
|Others|1.3%|1.0%|-0.3%|
|2024|2025|Total Net Revenue|100.0%|100.0%|
|z|
|Cumulative Net Revenue|Provision Expense (net)|-9.2%|-9.3%|-0.1%|
|Operating Expense|-44.3%|-43.3%|+1.0%|
|Pre-tax Profit Breakdown|(in NT$ mn )|Income Before Tax|46.5%|47.4%|+0.9%|
|↑|12.4%|↑|3.3%|
|↓|3.3%|
|27,888|31,352|27,926|28,843|
|↑|9.2%|
|22,237|21,497|
|↓|2.6%|
|11,962|13,059|
|9,521|9,270|
|3,760|3,067|
|2024 NII|2025|2024 Net Fee2025|2024 Gains on investment2025|2024 provision2025|2024 recovery2025|2024 operating exp.2025|
|Net Interest|Net Fee Income|Gains on Fin.|Gross|Recovery|Operating|
|Income|Products|Provision|Expense|

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FB Loan Book Mix

Item
2024
2025
Change
Consumer
31.1%
31.6%
+0.5%
Mortgage
27.3%
27.1%
-0.2%
Other Consumer Loan
3.8%
4.5%
+0.7%
Corporate Banking
68.9%
68.4%
-0.5%
Large Corp. Loan
13.2%
13.5%
+0.3%
SME Loan2
36.3%
36.2%
-0.1%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.1%
12.2%
+0.1%
Gov./ SOE Loan
2.6%
1.5%
-1.1%
Loan Book1
100.0%
100.0%
% of Loan Book Mix		 Item
2024
2025
Change
Consumer
31.1%
31.6%
+0.5%
Mortgage
27.3%
27.1%
-0.2%
Other Consumer Loan
3.8%
4.5%
+0.7%
Corporate Banking
68.9%
68.4%
-0.5%
Large Corp. Loan
13.2%
13.5%
+0.3%
SME Loan2
36.3%
36.2%
-0.1%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.1%
12.2%
+0.1%
Gov./ SOE Loan
2.6%
1.5%
-1.1%
Loan Book1
100.0%
100.0%
% of Loan Book Mix		 Item
2024
2025
Change
Consumer
31.1%
31.6%
+0.5%
Mortgage
27.3%
27.1%
-0.2%
Other Consumer Loan
3.8%
4.5%
+0.7%
Corporate Banking
68.9%
68.4%
-0.5%
Large Corp. Loan
13.2%
13.5%
+0.3%
SME Loan2
36.3%
36.2%
-0.1%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.1%
12.2%
+0.1%
Gov./ SOE Loan
2.6%
1.5%
-1.1%
Loan Book1
100.0%
100.0%
% of Loan Book Mix
Item
2024		 2025
Consumer
31.1%		 31.6%
Mortgage
27.3%		 27.1%
Other Consumer Loan
3.8%		 4.5%
Corporate Banking
68.9%		 68.4%
Large Corp. Loan
13.2%		 13.5%
SME Loan2
36.3%		 36.2%
F/X Loan
16.8%		 17.2%
--- Overseas
12.1%		 12.2%
Gov./ SOE Loan
2.6%		 1.5%
Loan Book1
100.0%		 100.0%
Loan Book Mix (in NT$ bn )
Mortgage
Large Corp. Loan
F/X Loan
Others3
SME Loan2
720.6
349.3
960.6
443.3
169.1
760.7
377.4
1017.8
483.2
169.2
↑5.6%
↑8.0%
↑6.0%
↑9.0%
Overseas
318.6
Overseas
342.8
20242025
20242025
20242025
20242025
20242025
↑7.6%

  1. Loan book does not include NALs

  2. SME is defined by the “Standards for Identifying Small and Medium-sized Enterprises”

  3. Included other consumer loan and Gov./SOE loan.

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FB Loan Book Mix n -QoQ Compariso

QoQ Loan Book Mix (in NT$ bn) QoQ Loan Book Mix (in NT$ bn) QoQ Loan Book Mix (in NT$ bn)
QoQ
2,642.9 2,671.3 2,655.4 2,744.1
2,808.3		 ↑2.3%
720.6 731.6 741.4 750.4 760.7 Mortgage ↑1.4%
960.6 954.8 978.3 992.8 1,017.8 SME
Large Corp.		 ↑2.5%
↑0.5%
443.3
349.3		 458.4
342.8		 417.8
349.7		 456.7
375.7		 483.2
377.4		 F/X ↑5.8%
169.1 183.7 168.2 168.5 169.2 Others
4Q24 1Q25 2Q25 3Q25 4Q25

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FB LDR, SPREAD &NIM

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Total Loan & LDR (in NT$ bn) Total Loan [1] LDR
69.79% 69.59% 71.02% 71.11% 70.68% 70.03% 70.34% 70.47% NTD 81.9%
F/X 43.9%
2,497.2 2,534.4 2,574.5 2,647.2 2,676.0 2,659.5 2,749.2 2,813.5
1Q24 2Q24 3Q24 2024 1Q25 2Q25 3Q25 2025
△
Loan-Deposit Spread / NIM Spread [2] NIM [2]
1.21%
1.20%
1.18% 1.17% 1.11% 1.11% 1.13% 1.15%
0.70% 0.70% 0.68% 0.67% 0.67% 0.71% 0.71% 0.72%
1Q24 2Q24 3Q24 2024 1Q25 2Q25 3Q25 2025
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  1. Total Loan = loan + import/export negotiation + NALs

  2. Annual cumulative average spread and NIM

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FB Loan Yields, Costs & Spreads

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NTD Rates & Spreads Overview Deposit Rate (NTD) Lending Rate (NTD) Interest Spread (NTD)
1.29% 1.26% 1.26% 1.28% 1.28%
2.36% 2.35% 2.36% 2.37% 2.38%
1.07% 1.09% 1.10% 1.09% 1.10%
4Q24 1Q25 2Q25 3Q25 4Q25
FX Rates & Spreads Overview
Deposit Rate (FX) Lending Rate (FX) Interest Spread (FX)
2.21%
2.08% 2.06% 2.06% 2.06%
5.93%
5.57% 5.41% 5.30% 5.11%
3.72% 3.49% 3.35% 3.24% 3.05%
4Q24 1Q25 2Q25 3Q25 4Q25
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*All rates are quarterly average rates.

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FB Deposit Mix

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Deposit Mix (in NT$ bn) NTD CASA Rate
NTD Deposit F/X deposit NTD CASA rate
1,100.1
1,045.2
+5.3% 63.31%
62.75%
62.13%
61.82%
△
Total
Deposit
3,937.8 bn
2,837.7 +6.6% YoY
2,647.4 +7.2%
2024 2025 1H24 2024 1H25 2025
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Major Exposures to Specific Industries

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% of Loan to Industries
Manufacturing (23.45%) Non-Manufacturing (76.55%)
4.02% Petro. Construction 3.11%
Wholesale/Retail 9.82%
5.27% Metal
Real Estate 11.08%
5.35% Tech.
Transportation &
2.73%
3.87% Machinery Warehousing
Financial &
5.38%
Insurance
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FB Mortgage Book Mix

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Mortgage Yield & LTV Ratio % of Mortgage by Location
Mortgage Yield
Mortgage NPL: 0.11%
Loan-to-value ratio of new mortgage
Avg. loan-to-value ratio
Taipei
Area
East Area
2.28% 2.28% 2.30% 2.30% 2.31% 2.9% 43.3%
64.86% 64.87% 64.84% 64.79% 64.86% Kaohsiung Area Taoyuan
11.2% Area
19.9%
48.84% 48.83% 48.86% 48.80% 48.85% Tainan Area
10.0%
Taichung Area
12.7%
4Q24 1Q25 2Q25 3Q25 4Q25
Monthly New Mortgage Lending (in NT$ mn) Monthly New Mortgage Lending
39,817
28,575 28,599
13,452 13,885 12,480 11,514 11,918 11,252 10,648
9,035 10,226 10,417 8,985 11,445 9,512 7,618 6,699
10M24 11M24 12M24 1M25 2M25 3M25 4M25 5M25 6M25 7M25 8M25 9M25 10M25 11M25 12M25
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FB Fee Income Breakdown

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Cumulative Net Fee Income (in NT$ mn) Net Fee Income Breakdown
Item 2024 2025 Change
13,059 WM Fee [1 ] 60.9% 67.8% +6.9%
+9.2%
11,962
Loan-related 23.9% 18.8% -5.1%
F/X 5.8% 5.3% -0.5%
Credit Card 3.3% 3.4% +0.1%
2024 2025
Other [2] 6.1% 4.7% -1.4%
Cumulative Net
Net Fee Income 100.0% 100.0%
Fee Income
Cumulative Net Fee Breakdown ( in NT$ mn )
↑ 21.5%
8,851
7,282
↓ 14.0%
2,855
2,455
699 698 397 448 729 607
2024 2025 2024 2025 2024 2025 2024 2025 2024 2025
WM Fee [1] Loan-related F/X Credit Card Others [2]
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  1. WM Fee = fund Sales + bancassurance + custodian

  2. Channel fees charged by branches (overseas branches included)

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FB Fee Income Breakdown

-QoQ Comparison

QoQ Fee Income Breakdown (in NT$ mn) QoQ Fee Income Breakdown (in NT$ mn) QoQ Fee Income Breakdown (in NT$ mn) QoQ Fee Income Breakdown (in NT$ mn)
Quarterly
fee income		 3,083 3,323 3,174 3,187 3,375 ↑5.9%
QoQ
208 167
87
132		 119
149		 126
177		 184
116
149
120 180 167
Loan Related
Credit Card
F/X Related
Others1		 168
565
186		 166
650		 169
577		 173
625		 184
603
Bancassurance
Wealth 1,121 1,219 1,150 1,024 1,169 ↑14.2%
Management2
Custodian
Mutual Fund
Bancassurance		 715 902 830 895 970 Mutual Fund
↑8.4%
4Q24 1Q25 2Q25 3Q25 4Q25

  1. WM Fee = fund sales + bancassurance + custodian

  2. Channel fees charged by branches (overseas branches included)

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FB Cost-to-Income Ratio

Cumulative Operating Expense(in NT$ mn)
27,926
28,843
2024
2025
Cumulative Operating Expense
+3.3%		 Cost-to-Income(in NT$ mn)
Item
2024
2025
Net Revenue
62,930
66,564
Operating Expense
(27,926)
(28,843)
Provision(Net)
(5,761)
(6,203)
Income Tax
(5,437)
(5,855)
Net Income
23,806
25,663

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Quarterly Operating Expense & Cumulated Cost-to-Income Ratio (in NT$ mn)
Net Revenue Operating Expense Cumulated Cost-to-Income Ratio
45.35%
44.18% 42.56% 44.38% 43.98% 43.01% 43.33%
17,461 17,149 17,331 16,489
15,389 15,595
14,485
7,129 6,928 7,310 7,072 7,328 7,137 7,306
2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25
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FB Asset Quality

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NPL, NPL Reserve, Coverage Ratio, NPL Ratio (in NT$ mn )
Coverage Ratio NPL Ratio NPL NPL Reserve
843.19% 847.89% 862.04%
819.77%
769.77% 801.27%
745.24%
0.18% 0.18%
0.17% 0.17% 0.17% 0.17%
0.16%
33,473 35,170 36,727 37,033 36,911 39,092 40,812
4,492 4,569 4,480 4,622 4,378 4,610 4,734
2Q24 3Q24 2024 1Q25 2Q25 3Q25 2025
1
Individual & Mortgage NPL Ratios Large Corp. & SME NPL Ratios
Individual Mortgage Large Corp. SME
0.19%
0.17% 0.18% 0.17%
0.15%
0.14%
0.12% 0.12% 0.12%
0.10%
0.11% 0.11% 0.11%
0.10%
0.08%
0.02% 0.01% 0.00% 0.00% 0.00%
2024 1Q25 2Q25 3Q25 2025 2024 1Q25 2Q25 3Q25 2025
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  1. Individual: mortgage and non-mortgage loan included

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FB Overseas Profits

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Overseas Pre-Tax Profits Mix FB Total Pre-Tax Profits Mix
2025 Total Pre-Tax Profits: NT$ 31,518 mn
24.63%
OBU/Greater China
North America
2025 Others, Domestic
Overseas 48.95% Asean 15.09% Market,
NT$ 9,313mn 70.45%
9.57%
Others
OBU/Greater China,
16.85% 14.46%
Quarterly Overseas & Total PTP (in NT$ mn)
Overseas Total Cumulative Overseas PTP to FB Total PTP
22.93% 27.67% 26.73% 26.93% 28.66% 29.55%
8,455 8,573
7,997 7,901
6,589
5,569
1,672 2,662 2,260 2,326 2,559 2,168
3Q24 4Q24 1Q25 2Q25 3Q25 4Q25
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CAR & Core Capital

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FFHC Group CAR
Group CAR Statutory CAR
128.09% 130.05% 129.83% 130.73%
126.05%
122.45%
100%
1H23 2H23 1H24 2H24 1H25 2H25
FB CAR & Core Capital
FB CAR Tier 1 CET 1
15.46%
15.38%
14.26% 14.56% 14.45%
13.87%
13.14% 13.22%
12.32% 12.61% 11.96% 12.29%
11.70%
11.51%
10.59% 10.91% 10.75%
10.37%
1H23 2H23 1H24 2H24 1H25 2H25
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Appendix

==> picture [720 x 27] intentionally omitted <==

==> picture [181 x 31] intentionally omitted <==

FFHC Consolidated Income Statement

FFHC Consolidated Income Statement Summary (in NT$ million or %)

FFHC Consolidated Income Statement FFHC Consolidated Income Statement FFHC Consolidated Income Statement FFHC Consolidated Income Statement FFHC Consolidated Income Statement
FFHC
Consolidated Income Statement Summary (in NT$ million or %)
Full Year Results Year-over-Year Comparison
2021
2022
2023
2024		 2024 2025 Change
Net int
Net se
Net Ins
Gain o
at fai
Real e		 erest income
rvice fee & commission
urance revenue
n financial assets meas.
r value through P/L
state investment gain		 34,588
37,969
32,525
31,234
10,383
9,409
10,187
12,782
9,525
8,980
3,147
3,671
3,356
3,271
19,205
19,237
185
190
212
540		 31,234
12,782
3,671
19,237
540		 34,681
13,817
5,384
19,664
226		 11.0%
8.1%
46.7%
2.2%
-58.1%
Gain o
thro		 n financial assets at fair value
ugh other compre. income		 3,176
1,984
584
1,672		 1,672 2,808 67.9%
Incom e from equity invest. 100
76
155
127		 127 (22) --
Exclud ing gain on fin. assets measured at amort.cost (10)
(68)
(409)
(537)		 (537) (413) -23.1%
Reser ve of overlay approach (43)
237
(235)
(441)		 (441) 713 --
Net ga
Assets
Others
Net R
Net Pr
Recov
Opera
Incom
Incom
Conso		 in on F/X
impairment loss

evenue
ovision for credit losses
ered(provided) for insurance res.
ting Expense
e from continued op. before tax
e tax expenses
lidated net income		 877
5,300
1,158
3,535
67
(6)
(50)
(155)
400
414
776
454
62,604
67,756
67,255
72,119
(3,621)
(6,577)
(5,818)
(5,763)
(9,275)
(8,906)
(2,793)
(2,614)
(26,275)
(27,786)
(30,382)
(32,505)
23,433
24,487
28,262
31,237
(3,694)
(3,891)
(5,801)
(5,878)
19,739
20,596
22,461
25,359		 3,535
(155)
454
72,119
(5,763)
(2,614)
(32,505)
31,237
(5,878)
25,359		 418
120
198
77,594
(6,382)
(4,056)
(33,707)
33,449
(6,516)
26,933		 -88.2%
--
-56.4%
7.6%
10.7%
55.2%
3.7%
7.1%
10.9%
6.2%
Other
Comp		 Items
rehensive Income		 (4,847)
(8,056)
12,440
5,659
14,892
12,540
34,901
31,018		 5,659
31,018		 11,136
38,069		 96.8%
22.7%
EPS1( NT$) 1.49
1.51
1.60
1.76		 1.76 1.87
1. EP S is adjusted retroactively for stock dividends paid the next year
  1. EPS is adjusted retroactively for stock dividends paid the next year

28

==> picture [181 x 31] intentionally omitted <==

FFHC Non-consolidated Income Statement

FFHC Non-consolidated Income Statement Summary in NT$ million, NT$, or %

Full Year Results Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021 2022 2023 2024 2024 2025 Change
Operating revenues 20,333 21,270 23,514 26,359 26,359 28,299 7.4%
Income from long-term investment 20,163 21,094 23,318 26,124 26,124 28,084 7.5%
Other income 170 176 196 235 235 215 -8.5%
Operating expenses (403) (413) (440) (485) (485) (526) 8.5%
Other expenses and losses (184) (267) (381) (465) (465) (583) 25.4%
Income from continued op. before tax 19,747 20,590 22,693 25,409 25,409 27,190 7.0%
Net income 19,739 20,596 22,461 25,359 25,359 26,933 6.2%
EPS1(NT$) 1.49 1.51 1.60 1.76 1.76 1.87 6.3%
  1. EPS is adjusted retroactively for stock dividends paid the next year.

29

==> picture [181 x 31] intentionally omitted <==

FFHC Balance Sheet

FFHC Balance Sheet Summary in NT$ million or million shares

2021
2022
2023
2024
Full Years Result		 Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2024 2025 Change
N on-consolidated Balance Sheet Data
L
T
T
T		 ong-term investment
otal non-consolidated assets
otal liabilities
otal shareholders' equity		 241,171
244,673
271,903
296,683
248,995
251,732
280,569
303,714
24,449
27,609
32,125
35,828
224,547
224,123
248,444
267,886		 296,683
303,714
35,828
267,886		 330,702
339,367
47,000
292,367		 11.5%
11.7%
31.2%
9.1%
C onolidated Balance Sheet Data
T
T		 otal consolidated assets
otal liabilities		 3,739,594
4,157,196
4,429,410
4,704,422
3,515,047
3,933,073
4,180,966
4,436,536		 4,704,422
4,436,536		 5,041,754
4,749,387		 7.2%
7.1%
T
C		 otal shareholders' equity
urrent shares outstanding*		 224,547
224,123
248,444
267,886
129,642
132,234
136,201
140,287		 267,886
140,287		 292,367
143,795		 9.1%
2.5%

30

==> picture [181 x 31] intentionally omitted <==

FFHC Key Ratios

FFHC Key Ratios

F F HC Key Ratios HC Key Ratios HC Key Ratios HC Key Ratios HC Key Ratios HC Key Ratios
Full Year Results Year-over-Year Comparison
2021
2022
2023
2024		 2024 2025 Change
A
A
B
C		 fte
fte
oo
ap		 r-tax ROAA (Annualized ratio)
r-tax ROAE (Annualized ratio)
k Per Share
ital Stock		 0.55%
0.52%
0.52%
0.56%
8.86%
9.18%
9.51%
9.82%
17.32
16.95
18.24
19.10
129,642
132,234
136,201
140,287		 0.56%
9.82%
19.10
140,287		 0.55%
9.61%
20.33
143,795		 -1.8%
-2.1%
6.4%
2.5%
D ou ble leverage 108.75%
110.38%
110.73%
111.97%		 111.97% 114.32% 2.1%
G
D		 ro
eb		 up CAR
t Ratio1		 130.35%
125.16%
130.05%
126.05%
9.82%
10.97%
11.45%
11.80%		 126.05%
11.80%		 130.73%
13.85%		 3.7%
17.4%
  1. Non-consolidated basis

31

==> picture [181 x 31] intentionally omitted <==

- FB Non consolidated Income Statement

FB Non-Consolidated Income Statement Summary in NT$ million or %
Non-Consolidated Income Statement Summary
T$ million or %
Full Year Results Year-over-Year Comparison
2021
2022
2023
2024		 2024 2025 Change
Net i
Net f
Net g
Net g
Net g
Othe
Net r
Oper
Pre-p
Provi
Adju
Inco
Inco
Net i		 nterest income
32,263
35,001
29,245
27,888
ee income
7,969
8,103
8,919
11,962
ain on ST invest.
1,014
1,411
1,228
1,107
ain on LT invest.
763
1,062
1,104
1,316
ain on other fin. products
4,516
8,518
17,684
19,814
r net income
337
389
540
843
evenue
46,862
54,484
58,720
62,930
ating expenses
(22,379)
(24,210)
(26,329)
(27,926)
rovisiion pre-tax profit
24,483
30,274
32,391
35,004
sion expense
(6,578)
(9,025)
(11,305)
(9,521)
stment: bad-debt recovery
3,013
2,539
5,542
3,760
me before tax
20,918
23,788
26,628
29,243
me tax
(3,266)
(3,460)
(5,102)
(5,437)
ncome
17,652
20,328
21,526
23,806		 27,888
11,962
1,107
1,316
19,814
843
62,930
(27,926)
35,004
(9,521)
3,760
29,243
(5,437)
23,806		 31,352
13,059
1,124
1,325
19,048
656
66,564
(28,843)
37,721
(9,270)
3,067
31,518
(5,855)
25,663		 12.4%
9.2%
1.5%
0.7%
-3.9%
-22.2%
5.8%
3.3%
7.8%
-2.6%
-18.4%
7.8%
7.7%
7.8%
Oth
Com		 er items
(4,425)
(3,946)
8,526
5,336
prehensive income
13,227
16,382
30,052
29,142		 5,336
29,142		 11,603
37,266		 117.4%
27.9%
EPS (NT$)
1.86
1.99
1.95
1.94		 1.94 2.09 7.7%
bject to final Reviewed
n-consolidated basis
  1. Non-consolidated basis

32

==> picture [181 x 31] intentionally omitted <==

FB Key Ratios

==> picture [690 x 343] intentionally omitted <==

----- Start of picture text -----

FB Key Ratios
Full Year Results Year-over-Year Comparison
2021 2022 2023 2024 2024 2025 Change
Loan to deposit spread 1.41% 1.48% 1.34% 1.17% 1.17% 1.15% -1.7%
Net Interest Margin 1.01% 0.99% 0.76% 0.67% 0.67% 0.72% 7.5%
Cost to income ratio 47.76% 44.44% 44.84% 44.38% 44.38% 43.33% -2.4%
Loan to deposit ratio 69.55% 70.60% 69.08% 71.11% 71.11% 70.47% -0.9%
NPL ratio 0.20% 0.18% 0.17% 0.17% 0.17% 0.17% 0.0%
Domestic NPL ratio 0.19% 0.19% 0.14% 0.12% 0.12% 0.14% 16.7%
Overseas NPL ratio 0.24% 0.10% 0.35% 0.42% 0.42% 0.33% -21.4%
Coverage ratio 620.31% 709.24% 826.96% 819.77% 819.77% 862.04% 5.2%
CAR 14.21% 13.76% 14.56% 14.45% 14.45% 15.46% 7.0%
Tier-1 12.48% 11.80% 12.61% 12.29% 12.29% 13.22% 7.6%
ROAA (Annualized) 0.51% 0.53% 0.52% 0.54% 0.54% 0.55% 1.9%
ROAE (Annualized) 7.97% 8.95% 8.89% 8.99% 8.99% 8.79% -2.2%
1. Non-consolidated basis
----- End of picture text -----

33

==> picture [181 x 31] intentionally omitted <==

FB Loan Quality

FB NPL Migration in NT$ million or %

2023
2024
4,121
4,099
6,522
6,866
1,191
2,966
5,331
3,900
(6,544)
(6,485)
4,099
4,480
29,226
33,897
11,378
9,179
(6,544)
(6,485)
(163)
136
33,897
36,727
5,542
3,760
3,405
1,940
2,083
1,765
54
55
Full Year Results		 Q1
Q2
Q3
Q4
2024
2025
Change
4,480
4,622
4,378
4,610
4,099
4,480
9.3%
871
957
1,152
1,637
6,866
4,617
-32.8%
938
605
1,091
1,395
2,966
4,029
35.8%
(67)
352
61
242
3,900
588
-84.9%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
4,622
4,378
4,610
4,734
4,480
4,734
5.7%
36,727
37,033
36,911
39,092
33,897
36,727
8.3%
1,021
1,605
2,931
3,086
9,179
8,643
-5.8%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
14
(526)
170
147
136
(195)
--
37,033
36,911
39,092
40,812
36,727
40,812
11.1%
982
549
915
621
3,760
3,067
-18.4%
938
466
451
556
1,940
2,411
24.3%
28
66
446
49
1,765
589
-66.6%
16
17
18
16
55
67
21.8%
Year-over-Year Comparison
2025 Quarterly		 Q1
Q2
Q3
Q4
2024
2025
Change
4,480
4,622
4,378
4,610
4,099
4,480
9.3%
871
957
1,152
1,637
6,866
4,617
-32.8%
938
605
1,091
1,395
2,966
4,029
35.8%
(67)
352
61
242
3,900
588
-84.9%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
4,622
4,378
4,610
4,734
4,480
4,734
5.7%
36,727
37,033
36,911
39,092
33,897
36,727
8.3%
1,021
1,605
2,931
3,086
9,179
8,643
-5.8%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
14
(526)
170
147
136
(195)
--
37,033
36,911
39,092
40,812
36,727
40,812
11.1%
982
549
915
621
3,760
3,067
-18.4%
938
466
451
556
1,940
2,411
24.3%
28
66
446
49
1,765
589
-66.6%
16
17
18
16
55
67
21.8%
Year-over-Year Comparison
2025 Quarterly		 Q1
Q2
Q3
Q4
2024
2025
Change
4,480
4,622
4,378
4,610
4,099
4,480
9.3%
871
957
1,152
1,637
6,866
4,617
-32.8%
938
605
1,091
1,395
2,966
4,029
35.8%
(67)
352
61
242
3,900
588
-84.9%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
4,622
4,378
4,610
4,734
4,480
4,734
5.7%
36,727
37,033
36,911
39,092
33,897
36,727
8.3%
1,021
1,605
2,931
3,086
9,179
8,643
-5.8%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
14
(526)
170
147
136
(195)
--
37,033
36,911
39,092
40,812
36,727
40,812
11.1%
982
549
915
621
3,760
3,067
-18.4%
938
466
451
556
1,940
2,411
24.3%
28
66
446
49
1,765
589
-66.6%
16
17
18
16
55
67
21.8%
Year-over-Year Comparison
2025 Quarterly		 Q1
Q2
Q3
Q4
2024
2025
Change
4,480
4,622
4,378
4,610
4,099
4,480
9.3%
871
957
1,152
1,637
6,866
4,617
-32.8%
938
605
1,091
1,395
2,966
4,029
35.8%
(67)
352
61
242
3,900
588
-84.9%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
4,622
4,378
4,610
4,734
4,480
4,734
5.7%
36,727
37,033
36,911
39,092
33,897
36,727
8.3%
1,021
1,605
2,931
3,086
9,179
8,643
-5.8%
(729)
(1,201)
(920)
(1,513)
(6,485)
(4,363)
-32.7%
14
(526)
170
147
136
(195)
--
37,033
36,911
39,092
40,812
36,727
40,812
11.1%
982
549
915
621
3,760
3,067
-18.4%
938
466
451
556
1,940
2,411
24.3%
28
66
446
49
1,765
589
-66.6%
16
17
18
16
55
67
21.8%
Year-over-Year Comparison
2025 Quarterly
2024 2025 Change
NPL-
Net


Net
NPL-
Allow
Pro
Net
Oth
Allow
Reco


 beginning
new NPL influx
Domestic
Overseas
write-offs
ending balance
ance for loan loss- beginning
visions for loan loss
write-offs
ers
ance for loan loss- ending
very from bad debt
Domestic
Overseas
Credit card		 4,099
6,866
2,966
3,900
(6,485)
4,480
33,897
9,179
(6,485)
136
36,727
3,760
1,940
1,765
55		 4,480
4,617
4,029
588
(4,363)
4,734
36,727
8,643
(4,363)
(195)
40,812
3,067
2,411
589
67		 9.3%
-32.8%
35.8%
-84.9%
-32.7%
5.7%
8.3%
-5.8%
-32.7%
--
11.1%
-18.4%
24.3%
-66.6%
21.8%
  1. Non-consolidated basis

34

==> picture [181 x 31] intentionally omitted <==

First Sec. Operating Results

First Sec Income Statement Summary in NT$ million or %

Year-over-Year Comparison
Full Year Results		 Year-over-Year Comparison
Full Year Results		 Year-over-Year Comparison
Full Year Results		 Year-over-Year Comparison
Full Year Results		 Year-over-Year Comparison
Full Year Results
2021
2022
2023		 2024 2024 2025 Change
Tota
Br
Ne
Un
Tra
Ot		 l operating income
okerage commission
t interest income
derwriting commission
nsaction gains through F/V, net
her operating income		 3,508
1,929
2,745
2,255
1,382
1,499
383
286
196
132
78
54
555
(63)
687
183
246
309		 3,200
2,051
278
192
447
232
(1,953)
117
1,364
(181)
1,183		 3,200
2,051
278
192
447
232		 3,170
2,009
312
101
496
252
(1,990)
149
1,329
(218)
1,111		 -0.9%
-2.0%
12.2%
-47.4%
11.0%
8.6%
1.9%
27.4%
-2.6%
20.4%
-6.1%
Tota
Non
Inco
Inco
Net		 l operating expenses
-operating income
me before tax
me tax
income		 (1,879)
(1,488)
(1,714)
83
74
114
1,712
515
1,145
(216)
(112)
(167)
1,496
403
978		 (1,953)
117
1,364
(181)
1,183
Firs t Sec Key Ratios 13.11%
2.86%
1.26%
2.18%		 -12.1%
-22.4%
-1.6%
1.4%
RO
RO		 AE (Annualized)
AA (Annualized)		 19.79%
5.22%
12.26%
4.18%
1.19%
3.01%		 13.11%
2.86%		 11.53%
2.22%
Bro
Mar		 kerage market share
gin loan market share		 1.43%
1.38%
1.34%
2.30%
2.35%
2.29%		 1.26%
2.18%		 1.24%
2.21%
  1. Non-consolidated basis

35

==> picture [181 x 31] intentionally omitted <==

FSITC Operating Results

FSITC Income Statement Summary in NT$ million or %

in NT$ million or %
Full Yeart Results Year-over-Year Comparison
2021
2022
2023
2024		 2024 2025 Change
To

S
Op
No
Inc
Inc
Ne		 tal operating income
Management fee
ales service fee
erating expenses
n-operating income
ome before tax
ome tax
t income		 682
649
707
786
656
629
692
756
26
20
15
30
(564)
(552)
(571)
(609)
12
(1)
7
7
130
96
143
184
(24)
(20)
(28)
(36)
105
76
115
148		 786
756
30
(609)
7
184
(36)
148		 851
825
26
(637)
7
221
(44)
177		 8.3%
9.1%
-13.3%
4.6%
0.0%
20.1%
22.2%
19.6%
FS y
ITC Key Ratios

AU
AU
M
M Ranking		 112,979
100,051
125,552
141,287
13
15
14
14		 141,287
14		 192,357
13		 36.1%
  1. Non-consolidated basis

36

==> picture [181 x 31] intentionally omitted <==

First Life Operating Results

First Life Financial Results Summary in NT$ million or %

Full Year Result Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021
2022
2023
2024		 2024 2025 Change
Ope
Pr
Ot
Ne
Ope
Re
Re
Cl
Co
Ot
Ope
Prof
30%
Inco
Net		 rating Revenue
emium Income
her insurance income
t Investment Income
rating Cost
insurance commission
serves
aims
mmission
hers
rating Expenses
it/Loss Before Tax
FX Reserves
me tax
Income after tax		 14,401
16,689
13,400
15,514
12,429
14,911
11,304
12,610
252
208
203
192
1,720
1,570
1,893
2,712
13,047
15,761
12,101
14,016
78
94
118
134
9,312
8,980
2,845
2,640
2,769
5,740
7,967
8,754
888
945
1,170
2,487
0
2
1
1
(752)
(783)
(898)
(1,012)
601
145
401
486
(1)
(83)
35
95
600
62
436
581		 15,514
12,610
192
2,712
14,016
134
2,640
8,754
2,487
1
(1,012)
486
95
581		 17,439
14,375
132
2,932
15,470
171
4,086
8,765
2,447
1
(1,116)
853
(259)
41
635		 12.4%
14.0%
-31.3%
8.1%
10.4%
27.6%
54.8%
0.1%
-1.6%
0.0%
10.3%
75.5%
--
-56.8%
9.3%
Key Ratios
RO
RO		 AE(Annualized ratio)
AA(Annualized ratio)		 13.85%
1.91%
12.92%
10.20%
0.82%
0.08%
0.50%
0.62%		 10.20%
0.62%		 9.28%
0.65%		 -9.0%
4.8%

37

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