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First Financial Holding Co. Ltd. Interim / Quarterly Report 2025

Sep 2, 2025

52222_rns_2025-09-02_b3317b7e-9fad-4896-b741-d6108982f828.pdf

Interim / Quarterly Report

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First Financial Holding First Half 2025 Earnings Results

September 2, 2025

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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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Growth Moderated into 1H25

FFHC 1H25 net profit grew 1.6% YoY to NT$ 13,946 mn, or NT$ 0.97 per share

For the first six months of 2025, earnings was driven by bank performance. Subsidiary First Bank posted a net income of NT$ 13,807 mn (+7.9% YoY); non-bank subsidiaries reported a total of NT$ 763 mn (-38.9% YoY).

Bank earnings rose as core revenue increased and credit cost subdued

NII growth picked up to 4.2% YoY, given an ease in funding cost; fee grew 6.8%, with wealth fee up by 26.6% YoY; treasury gains grew 9.4% YoY, mainly from SWAP income up by 11.3% YoY. Core revenue growth buffered higher compensation expense. Credit cost was lower by 18.7% YoY on normalized provision expense.

Loan growth steadied at 5.0% YoY

Mortgage grew by10.0% YoY, large corp. loan by 7.5% YoY and SME lending by 1.7%. FX loan shrank by 2.5% on distorted NTD exchange rate, though dollar term balance actually grew by 8.0% YoY.

First Life released excess liability reserve of NT$ 321 mn in June

Following FSC’s relief measures announced in end of June, lifer subsidiary released excess reserve on revenue to buffer against volatile NT dollar.

Group 2024 “Sustainably Report” and “TCFD Report” are on-line

Please visit our website at https://csr.firstholding.com.tw/en/csr_report.html and . https://csr.firstholding.com.tw/en/tcfd_report.html

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Financial Highlights

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FFHC Key Figures

Bank
NT$13,807; 99.0%
Securities
NT$298; 2.1%
Investment Trust
NT$82; 0.6 %
Others
-NT$517; -3.7%
Lifer
NT$179; 1.3%
Net Income Breakdown1 (in NT$ mn)
AMC, NT$97; 0.7%		 Bank
NT$13,807; 99.0%
Securities
NT$298; 2.1%
Investment Trust
NT$82; 0.6 %
Others
-NT$517; -3.7%
Lifer
NT$179; 1.3%
Net Income Breakdown1 (in NT$ mn)
AMC, NT$97; 0.7%		 Key Figures(in NT$, NT$ mn)
Consolidated Net Income1
Comprehensive Income
Total Assets
EPS
Book Per Share
Capital Stock
ROAE
2
ROAA
2
Group CAR
Double Leverage3
1H25
13,946
8,409
4,808,110
0.97
18.27
143,795
10.52%
0.58%
129.83%
115.36%
YoY %
+1.6%
-51.9%
+4.1%
+2.1%
+0.8%
+2.5%
-0.4%
-0.02%
+7.4%
+2.9%
1H24
13,729
17,469
4,619,024
0.95
18.13
140,287
10.92%
0.60%
122.45%
112.43%
Key Figures(in NT$, NT$ mn)
Consolidated Net Income1
Comprehensive Income
Total Assets
EPS
Book Per Share
Capital Stock
ROAE
2
ROAA
2
Group CAR
Double Leverage3
1H25
13,946
8,409
4,808,110
0.97
18.27
143,795
10.52%
0.58%
129.83%
115.36%
YoY %
+1.6%
-51.9%
+4.1%
+2.1%
+0.8%
+2.5%
-0.4%
-0.02%
+7.4%
+2.9%
1H24
13,729
17,469
4,619,024
0.95
18.13
140,287
10.92%
0.60%
122.45%
112.43%

  1. Consolidated figures with eliminated entries

  2. Annualized figures

  3. Double leverage = equity investment / shareholder equity

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FFHC Net Income & Comprehensive Income

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1H25 Consolidated Net Income & Comprehensive Income (in NT$ mn)
↑ 1.5%
↓ 17.6% ↓ 32.0%
↑ 1.6%
↓ 51.9%
1H24 Consolidated Net Income & Comprehensive Income (in NT$ mn)
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Net Income Breakdown by Subsidiaries*

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1H25 Net Income By Subsidiaries (in NT$ mn)
↑ 7.9% ↑ 1.6%
13,807 13,946
↓ 56.6%
298 82 179 97
First Bank First Securities FSITC First Life First AMC FFHC
1H24 Net Income By Subsidiaries (in NT$ mn)
13,729
12,799
686
76 175 72
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

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FFHC Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
11.46% 10.88% 9.51% 11.04% 10.92% 10.80% 9.82% 10.60% 10.52%
1
13,158 19,027 22,461 7,015 13,729 15377,9369,293,8764,13378,16808,5029,10913, 20,808 25,359 7,206 13,946
8
6M23 9M23 2023 3M24 6M24 9M24 2024 3M25 6M25
First Bank Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
10.38% 10.04% 10.04% 9.92% 9.84% 9.68% 9.92%
8.89% 8.99%
23,806
21,526
18,016 19,443
12,799 13,807
12,256
6,493 6,778
6M23 9M23 2023 3M24 6M24 9M24 2024 3M25 6M25
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 or %)|% of Net Revenue|(in %)|
|Item|1H24|1H25|Change|
|32,744|NII|45.7%|45.1%|-0.6%|
|+5.7%|
|30,984|Net Fee|19.6%|19.8%|+0.2%|
|Gain on ST Invest.|0.9%|0.6%|-0.3%|
|Gain on LT invest.|0.9%|1.0%|+0.1%|
|Gain on Fin. Products|30.2%|31.5%|+1.3%|
|Others|2.7%|2.0%|-0.7%|
|1H24|1H25|Total Net Revenue|100.0%|100.0%|
|z|
|Cumulative Net Revenue|Provision Expense (net)|-5.2%|-4.0%|+1.2%|
|Operating Expense|-44.2%|-44.0%|+0.2%|
|Pre-tax Profit Breakdown|(in NT$ mn )|Income Before Tax|50.6%|52.0%|+1.4%|
|↑|4.2%|↑|5.2%|
|↑|9.4%|
|14,162|14,759|↑|6.8%|13,688|14,400|
|9,916|10,853|↓|12.3%|
|6,083|6,497|
|3,248|2,847|
|1,629|1,531|
|1H24 NII|1H25|1H24 Net Fee1H25|1H24 Gains on investment1H25|1H24 provision1H25|1H24 recovery1H25|1H24 operating exp.1H25|
|Net Interest|Net Fee Income|Gains on Fin.|Gross|Recovery|Operating|
|Income|Products|Provision|Expense|

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FB Loan Book Mix

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Loan Book (in NT$ bn) % of Loan Book Mix
Item 1H24 1H25 Change
Consumer 30.2% 32.1% +1.9%
2,655.4
+5.0% Mortgage 26.7% 27.9% +1.2%
2,529.7
Other Consumer Loan 3.5% 4.2% +0.7%
Corporate Banking 69.8% 67.9% -1.9%
Large Corp. Loan 12.9% 13.2% +0.3%
SME Loan [2] 38.0% 36.9% -1.1%
F/X Loan 16.9% 15.7% -1.2%
--- Overseas 12.2% 11.4% -0.8%
1H24 1H25
Gov./ SOE Loan 2.0% 2.1% +0.1%
Loan Book [1]
Loan Book [1] 100.0% 100.0%
Loan Book Mix (in NT$ bn )
↑ 10.0% ↑ 1.7%
962.1 978.3
674.3 741.4 ↑ 7.5% ↓ 2.5%
325.3 349.7 428.6 417.8 other consumer
↓ 1.8% 139.4 168.2 loan
Overseas Overseas 111.2 bn
307.5 301.9
1H24 1H25 1H24 1H25 1H24 1H24 1H24 1H25 1H24 1H25
Mortgage Large Corp. Loan SME Loan [2] F/X Loan Others [3]
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  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 QoQ Loan Book Mix (in NT$ bn)
QoQ%
2,529.7 2,570.0 2,642.9 2,671.3
2,655.4		 ↓0.6%
674.3 699.8 720.6 731.6 741.4 Mortgage ↑1.3%
962.1 947.8 960.6 954.8 978.3 SME
Large Corp.		 ↑2.5%
↑2.0%
325.3 339.7 349.3 342.8 349.7 F/X ↓8.9%
139.4
428.6		 155.1
427.6		 169.1
443.3		 183.7
458.4		 168.2
417.8		 Others
2Q24 3Q24 4Q24 1Q25 2Q25

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FB LDR, SPREAD &NIM

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Total Loan & LDR (in NT$ bn & % ) Total Loan [1] LDR
70.24% 69.08% 69.79% 69.59% 71.02% 71.11% 70.68% 70.03% NTD 82.3%
F/X 41.6%
2,406.7 2,417.5 2,497.2 2,534.4 2,574.5 2,647.2 2,676.0 2,659.5
3Q23 2023 1Q24 2Q24 3Q24 2024 1Q25 2Q25
△
Loan-Deposit Spread / NIM ( in % ) Spread [2] NIM [2]
1.36%
1.34%
1.21% 1.20% 1.18% 1.17%
1.11% 1.11%
0.76% 0.76%
0.70% 0.70% 0.71%
0.68% 0.67% 0.67%
3Q23 2023 1Q24 2Q24 3Q24 2024 1Q25 2Q25
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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 (in %) Deposit Rate (NTD) Lending Rate (NTD) Interest Spread (NTD)
1.30% 1.30% 1.29%
1.26% 1.26%
2.36% 2.37% 2.36% 2.35% 2.36%
1.06% 1.07% 1.07% 1.09% 1.10%
2Q24 3Q24 4Q24 1Q25 2Q25
FX Rates & Spreads Overview (in %)
Deposit Rate (FX) Lending Rate (FX) Interest Spread (FX)
2.50%
2.35%
2.21%
2.08% 2.06%
6.47% 6.33%
5.93%
5.57% 5.41%
3.97% 3.98% 3.72% 3.49% 3.35%
2Q24 3Q24 4Q24 1Q25 2Q25
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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 (in %)
NTD Deposit F/X deposit NTD CASA rate
1,005.0
1,008.4
-0.3%
63.31%
62.62% 62.75%
61.82%
△
Total
Deposit
3,723.0 bn
+2.2% YoY
2,633.4 +3.2% 2,718.0
1H24 1H25 2023 1H24 2024 1H25
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Major Exposures to Specific Industries

% of Loan to Industries Manufacturing (23.09%) Non-Manufacturing (76.91%)

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4.10% Petro. Construction 3.05%
Wholesale/Retail 9.49%
5.22% Metal
Real Estate 11.20%
5.01% Tech.
Transportation &
2.60%
3.83% Machinery Warehousing
Financial &
5.28%
Insurance
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FB Mortgage Book Mix

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Mortgage Yield & LTV Ratio (in %) % of Mortgage by Location (in %)
Mortgage Yield
Mortgage NPL: 0.11%
Loan-to-value ratio of new mortgage
Avg. loan-to-value ratio
Taipei
Area
East Area
2.30% 2.29% 2.28% 2.28% 2.30% 2.9% 43.6%
64.79% 64.82% 64.86% 64.87% 64.84% Kaohsiung Area Taoyuan
11.2%
Area
19.6%
48.24% 48.61% 48.84% 48.83% 48.86% Tainan Area
10.0%
Taichung Area
12.7%
2Q24 3Q24 4Q24 1Q25 2Q25
Monthly New Mortgage Lending (in NT$ mn) Monthly New Mortgage Lending
53,503
32,467 29,628
16,175 [19,319 18,009 18,976 ]
16,811 14,080 13,452 13,885 12,480 11,514 11,918 9,035 10,226 [10,417 ] 8,985
4M24 5M24 6M24 7M24 8M24 9M24 10M24 11M24 12M24 1M25 2M25 3M25 4M25 5M25 6M25
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Monthly New Mortgage Lending (in NT$ mn) Monthly New Mortgage Lending

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FB Fee Income Breakdown

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Cumulative Net Fee Income (in NT$ mn or %) Net Fee Income Breakdown
Item 1H24 1H25 Change
6,497 WM Fee [1 ] 57.6% 68.3% +10.7%
+6.8%
6,083
Loan-related 28.7% 18.9% -9.8%
F/X 5.6% 5.3% -0.3%
Credit Card 3.0% 3.2% +0.2%
1H24 1H25
Other [2] 5.1% 4.3% -0.8%
Cumulative Net
Net Fee Income 100.0% 100.0%
Fee Income
Cumulative Net Fee Breakdown ( in NT$ mn )
↑ 26.6%
4,436
3,503 ↓ 29.6%
1,742
1,227
342 347 183 206 313 281
1H24 1H25 1H24 1H25 1H24 1H25 1H24 1H25 1H24 1H25
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)
QoQ
Quarterly 2,819 2,797 3,083 3,323 3,174 ↓4.5%
fee income
208 167
87
132		 119
149
Credit Card
F/X Related
Others1		 610
181
94
159		 548
172
95
207		 168
565
186
120		 166
650		 169
577
180
Loan Related 150 167
Wealth 858 857 1,121 1,219 1,150 Bancassurance
↓5.7%
Management2
Custodian
Mutual Fund
Bancassurance		 767 751 715 902 830 Mutual Fund
↓8.0%
2Q24 3Q24 4Q24 1Q25 2Q25

  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)
13,688
14,400
1H24
1H25
Cumulative Operating Expense
+5.2%		 Cost-to-Income(in NT$ mn)
Item
1H24
1H25
Net Revenue
30,984
32,744
Operating Expense
(13,688)
(14,400)
Provision(Net)
(1,619)
(1,316)
Income Tax
(2,878)
(3,221)
Net Income
12,799
13,807

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Quarterly Operating Expense & Cumulated Cost-to-Income Ratio (in NT$ mn or %)
Net Revenue Operating Expense Cumulated Cost-to-Income Ratio
44.84% 44.18% 44.38% 45.35% 43.98%
42.06% 42.56%
17,461 17,149
15,595 15,389 15,595
13,961 14,485
6,976 6,559 7,129 6,928 7,310 7,072 7,328
4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25
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FB Asset Quality

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NPL, NPL Reserve, Coverage Ratio, NPL Ratio (in NT$ mn or % )
Coverage Ratio NPL Ratio NPL NPL Reserve
826.96% 819.77% 843.19%
801.27%
742.13% 745.24% 769.77%
0.18% 0.18% 0.18%
0.17% 0.17% 0.17%
0.16%
33,897 32,848 33,473 35,170 36,727 37,033 36,911
4,099 4,426 4,492 4,569 4,480 4,622 4,378
2023 1Q24 2Q24 3Q24 2024 1Q25 2Q25
1
Individual & Mortgage NPL Ratios (in %) Large Corp. & SME NPL Ratios (in %)
Individual Mortgage Large Corp. SME
0.15% 0.17% 0.16% 0.17% 0.18%
0.14%
0.12%
0.10%
0.08%
0.07%
0.11%
0.10%
0.08%
0.07%
0.06% 0.02% 0.01%
0.00% 0.00% 0.00%
2Q24 3Q24 2024 1Q25 2Q25 2Q24 3Q24 2024 1Q25 2Q25
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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 (in NT$ mn or %) FB Total Pre-Tax Profits Mix (in NT$ mn or %)
1H25 Total Pre-Tax Profits: 17,028 mn
21.24%
OBU/Greater China
1H25 North America Others, Domestic
Overseas 48.63% Asean 13.83% Market,
10.78%
4,586mn
73.07%
Others
OBU/Greater China,
19.35% 13.10%
Quarterly Overseas & Total PTP (in NT$ mn or %)
Overseas Total Cumulative Overseas PTP to FB Total PTP
23.97% 22.93% 27.67% 26.73% 26.93%
9.49%
7,997 8,455 8,573
7,873 7,804
5,569
747 3,010 1,672 2,662 2,260 2,326
1Q24 2Q24 3Q24 4Q24 1Q25 2Q25
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CAR & Core Capital

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FFHC Group CAR (in %)
Group CAR Statutory CAR
128.09% 130.05% 129.83%
125.16% 126.05%
122.45%
100%
2H22 1H23 2H23 1H24 2H24 1H25
FB CAR & Core Capital (in %)
FB CAR Tier 1
15.38%
13.76% 14.26% 14.56% 13.87% 14.45%
12.32% 12.61% 12.29% 13.14%
11.80% 11.96%
2H22 1H23 2H23 1H24 2H24 1H25
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Appendix

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FFHC Consolidated Income Statement

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

2021
2022
2023
2024		 Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
1H24 1H25 Change
Ne
Ne
Ne
Ga
a
Re		 t interest income
34,588
37,969
32,525
31,234
t service fee & commission
10,383
9,409
10,187
12,782
t Insurance revenue
9,525
8,980
3,147
3,671
in on financial assets meas.
3,356
3,271
19,205
19,237
t fair value through P/L
al estate investment gain
185
190
212
540		 15,825
6,215
2,345
8,951
412		 16,406
6,614
1,915
11,264
111		 3.7%
6.4%
-18.3%
25.8%
-73.1%
Ga in on financial assets at fair value
3,176
1,984
584
1,672		 379 657 73.4%
t hrough other compre. income
Inc ome from equity invest.
100
76
155
127		 75 37 -50.7%
Ex cluding gain on fin. assets measured at amort.cost
(10)
(68)
(409)
(537)		 (36) - -
Re serve of overlay approach
(43)
237
(235)
(441)		 (840) 1,036 -
Ne
As
Ot
Ne
Ne
Re
Op
Inc
Inc
Co		 t gain on F/X
877
5,300
1,158
3,535
sets impairment loss
67
(6)
(50)
(155)
hers
400
414
776
454
t Revenue
62,604
67,756
67,255
72,119
t Provision for credit losses
(3,621)
(6,577)
(5,818)
(5,763)
covered(provided) for insurance res.
(9,275)
(8,906)
(2,793)
(2,614)
erating Expense
(26,275)
(27,786)
(30,382)
(32,505)
ome from continued op. before tax
23,433
24,487
28,262
31,237
ome tax expenses
(3,694)
(3,891)
(5,801)
(5,878)
nsolidated net income
19,739
20,596
22,461
25,359
her Items
(4,847)
(8,056)
12,440
5,659
mprehensive Income
14,892
12,540
34,901
31,018
S1(NT$)
1.49
1.51
1.60
1.81		 2,458
(77)
348
36,055
(1,626)
(1,640)
(15,957)
16,832
(3,103)
13,729		 (2,369)
93
816
36,580
(1,340)
(1,115)
(16,671)
17,454
(3,508)
13,946		 -
-
134.5%
1.5%
-17.6%
-32.0%
4.5%
3.7%
13.1%
1.6%
Ot
Co		 3,740
17,469		 (5,537)
8,409		 -
-51.9%
EP 0.95 0.97 2.1%
  1. EPS is adjusted retroactively for stock dividends paid the next year.

27

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

FFHC Non-consolidated Income Statement

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

==> picture [648 x 34] intentionally omitted <==

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

Full Year Results Year-over-Year Comparison
2021 2022 2023 2024 1H24 1H25 Change
----- End of picture text -----

==> picture [648 x 156] intentionally omitted <==

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

|||||||||
|---|---|---|---|---|---|---|---|
|Operating revenues|20,333|21,270|23,514|26,359|14,229|14,726|3.5%|
|Income from long-term investment|20,163|21,094|23,318|26,124|14,051|14,574|3.7%|
|Other income|170|176|196|235|178|152|-14.6%|
|Operating expenses|(403)|(413)|(440)|(485)|(242)|(255)|5.4%|
|Other expenses and losses|(184)|(267)|(381)|(465)|(208)|(268)|28.8%|
|Income from continued op. before tax|19,747|20,590|22,693|25,409|13,779|14,203|3.1%|
|Net income|19,739|20,596|22,461|25,359|13,729|13,946|1.6%|
|EPS1(NT$)|1.49|1.51|1.60|1.81|0.95|0.97|2.1%|

----- End of picture text -----

  1. EPS is adjusted retroactively for stock dividends paid the next year.

28

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

FFHC Balance Sheet
FF
in		 HC Balance Sheet Summary
NT$ million or million shares
2021
2022
2023
2024
Full Years Result		 Year-over-Year Comparison
1H24 1H25 Change
No
Lo
To
To
To
Co
To
To
To
Cu		 n-consolidated Balance Sheet Data
ng-term investment
tal non-consolidated assets
tal liabilities
tal shareholders' equity
nolidated Balance Sheet Data
tal consolidated assets
tal liabilities
tal shareholders' equity
rrent shares outstanding		 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
3,739,594
4,157,196
4,429,410
4,704,422
3,515,047
3,933,073
4,180,966
4,436,536
224,547
224,123
248,444
267,886
129,642
132,234
136,201
140,287		 282,729
295,869
41,533
254,336
4,619,024
4,364,688
254,336
140,287		 299,684
311,823
49,116
262,707
4,808,110
4,545,404
262,706
143,795		 6.0%
5.4%
18.3%
3.3%
4.1%
4.1%
3.3%
2.5%

29

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

FFHC Key Ratios

FFHC Key Ratios

F H H H H H H
2021
2022
2023
2024
0.55%
0.52%
0.52%
0.56%
8.86%
9.18%
9.51%
9.82%
Full Year Results		 Year-over-Year Comparison
1H24 1H25 Change
A
A		 ft
ft		 er
er		 -tax ROAA (Annualized ratio)
-tax ROAE (Annualized ratio)		 0.60%
10.92%		 0.58%
10.52%		 -0.02%
-0.40%
B o ok Per Share 17.32
16.95
18.24
19.10		 18.13 18.27 0.77%
C
D
G
D		 a
o
r
e		 pi
ub
ou
bt		 tal Stock
le Leverage
p CAR
Ratio1		 129,642
132,234
136,201
140,287
108.75%
110.38%
110.73%
111.97%
130.35%
125.16%
130.05%
126.05%
9.82%
10.97%
11.45%
11.80%		 140,287
112.43%
122.45%
14.04%		 143,795
115.36%
129.83%
15.75%		 2.50%
2.93%
7.38%
1.71%
  1. Non-consolidated basis

30

==> 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
NT$ million or %
Full Year Results Year-over-Year Comparison
2021
2022
2023
2024		 1H24 1H25 Change
Net i
Net f
Net
Net
Net
Othe
Net
Ope
Pre-
Prov
Adj
Inco
Inc
Net i		 nterest income
32,263
35,001
29,245
27,888
ee income
7,969
8,103
8,919
11,962
gain on ST invest.
1,014
1,411
1,228
1,107
gain on LT invest.
763
1,062
1,104
1,316
gain on other fin. products
4,516
8,518
17,684
19,814
r net income
337
389
540
843
revenue
46,862
54,484
58,720
62,930
rating expenses
(22,379)
(24,210)
(26,329)
(27,926)
provisiion pre-tax profit
24,483
30,274
32,391
35,004
ision expense
(6,578)
(9,025)
(11,305)
(9,521)
ustment: bad-debt recovery
3,013
2,539
5,542
3,760
me before tax
20,918
23,788
26,628
29,243
ome tax
(3,266)
(3,460)
(5,102)
(5,437)
ncome
17,652
20,328
21,526
23,806		 14,162
6,083
263
287
9,366
823
30,984
(13,688)
17,296
(3,248)
1,629
15,677
(2,878)
12,799		 14,759
6,497
210
332
10,311
635
32,744
(14,400)
18,344
(2,847)
1,531
17,028
(3,221)
13,807		 4.2%
6.8%
-20.2%
15.7%
10.1%
-22.8%
5.7%
5.2%
6.1%
-12.3%
-6.0%
8.6%
11.9%
7.9%
Oth
Com		 er items
(4,425)
(3,945)
8,526
5,336
prehensive income
13,227
16,382
30,052
29,142		 2,707
15,506		 (4,602)
9,205		 -
-40.6%
EPS (NT$)
1.86
1.99
1.95
2.16		 1.04 1.12 7.7%
bject to final Reviewed

31

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

FB Key Ratios

FB ~~Key Ratios~~

FB Key Ratios FB Key Ratios FB Key Ratios FB Key Ratios FB Key Ratios
FB ~~Key Ratios~~
2021
2022
2023
2024
1H24
1H25
Change
to deposit spread
1.41%
1.48%
1.34%
1.17%
1.20%
1.11%
-0.09%
nterest Margin
1.01%
0.99%
0.76%
0.67%
0.70%
0.71%
0.01%
t to income ratio
47.76%
44.44%
44.84%
44.38%
44.18%
43.98%
-0.20%
to deposit ratio
69.55%
70.60%
69.08%
71.11%
69.59%
70.03%
0.44%
ratio
0.20%
0.18%
0.17%
0.17%
0.18%
0.16%
-0.02%
estic NPL ratio
0.19%
0.19%
0.14%
0.12%
0.11%
0.12%
0.01%
rseas NPL ratio
0.24%
0.10%
0.35%
0.42%
0.52%
0.44%
-0.08%
erage ratio
620.31%
709.24%
826.96%
819.77%
745.24%
843.19%
97.95%

14.21%
13.76%
14.56%
14.45%
13.87%
15.38%
1.51%
1
12.48%
11.80%
12.61%
12.29%
11.96%
13.14%
1.18%
A (Annualized)
0.51%
0.53%
0.52%
0.54%
0.58%
0.60%
0.02%
E (Annualized)
7.97%
8.95%
8.89%
8.99%
9.92%
9.92%
0.00%
Year-over-Year Comparison
Full Year Results
Full Year Results Year-over-Year Comparison
2021
2022
2023
2024		 1H24 1H25 Change
Loan
Net I
Cos
Loan
NPL
Dom		 to deposit spread
nterest Margin
t to income ratio
to deposit ratio
ratio
estic NPL ratio		 1.41%
1.48%
1.34%
1.17%
1.01%
0.99%
0.76%
0.67%
47.76%
44.44%
44.84%
44.38%
69.55%
70.60%
69.08%
71.11%
0.20%
0.18%
0.17%
0.17%
0.19%
0.19%
0.14%
0.12%		 1.20%
0.70%
44.18%
69.59%
0.18%
0.11%		 1.11%
0.71%
43.98%
70.03%
0.16%
0.12%		 -0.09%
0.01%
-0.20%
0.44%
-0.02%
0.01%
Ove rseas NPL ratio 0.24%
0.10%
0.35%
0.42%		 0.52% 0.44% -0.08%
Cov
CAR
Tier-
ROA		 erage ratio

1
A (Annualized)		 620.31%
709.24%
826.96%
819.77%
14.21%
13.76%
14.56%
14.45%
12.48%
11.80%
12.61%
12.29%
0.51%
0.53%
0.52%
0.54%		 745.24%
13.87%
11.96%
0.58%		 843.19%
15.38%
13.14%
0.60%		 97.95%
1.51%
1.18%
0.02%
ROA E (Annualized) 7.97%
8.95%
8.89%
8.99%		 9.92% 9.92% 0.00%

32

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

FB Loan Quality

FB
in		 NPL Migration
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
1H24
1H25
Change
4,480
4,622
4,099
4,480
9.3%
871
957
4,575
1,828
-60.0%
938
605
1,516
1,543
1.8%
(67)
352
3,059
285
-90.7%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
4,622
4,378
4,492
4,378
-2.5%
36,727
37,033
33,897
36,727
8.3%
1,021
1,605
3,541
2,626
-25.8%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
14
(526)
217
(512)
-
37,033
36,911
33,473
36,911
10.3%
982
549
1,629
1,531
-6.0%
938
466
809
1,404
73.5%
28
66
792
94
-88.1%
16
17
28
33
17.9%
Year-over-Year Comparison
2025Quarterly		 Q1
Q2
1H24
1H25
Change
4,480
4,622
4,099
4,480
9.3%
871
957
4,575
1,828
-60.0%
938
605
1,516
1,543
1.8%
(67)
352
3,059
285
-90.7%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
4,622
4,378
4,492
4,378
-2.5%
36,727
37,033
33,897
36,727
8.3%
1,021
1,605
3,541
2,626
-25.8%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
14
(526)
217
(512)
-
37,033
36,911
33,473
36,911
10.3%
982
549
1,629
1,531
-6.0%
938
466
809
1,404
73.5%
28
66
792
94
-88.1%
16
17
28
33
17.9%
Year-over-Year Comparison
2025Quarterly		 Q1
Q2
1H24
1H25
Change
4,480
4,622
4,099
4,480
9.3%
871
957
4,575
1,828
-60.0%
938
605
1,516
1,543
1.8%
(67)
352
3,059
285
-90.7%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
4,622
4,378
4,492
4,378
-2.5%
36,727
37,033
33,897
36,727
8.3%
1,021
1,605
3,541
2,626
-25.8%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
14
(526)
217
(512)
-
37,033
36,911
33,473
36,911
10.3%
982
549
1,629
1,531
-6.0%
938
466
809
1,404
73.5%
28
66
792
94
-88.1%
16
17
28
33
17.9%
Year-over-Year Comparison
2025Quarterly		 Q1
Q2
1H24
1H25
Change
4,480
4,622
4,099
4,480
9.3%
871
957
4,575
1,828
-60.0%
938
605
1,516
1,543
1.8%
(67)
352
3,059
285
-90.7%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
4,622
4,378
4,492
4,378
-2.5%
36,727
37,033
33,897
36,727
8.3%
1,021
1,605
3,541
2,626
-25.8%
(729)
(1,201)
(4,182)
(1,930)
-53.8%
14
(526)
217
(512)
-
37,033
36,911
33,473
36,911
10.3%
982
549
1,629
1,531
-6.0%
938
466
809
1,404
73.5%
28
66
792
94
-88.1%
16
17
28
33
17.9%
Year-over-Year Comparison
2025Quarterly
1H24 1H25 Change
NPL
N


N
NPL
Allo
Pr
N
O
Allo
Rec



1. N		 - beginning
et new NPL influx
Domestic
Overseas
et write-offs
- ending balance
wance for loan loss- beginning
ovisions for loan loss
et write-offs
thers
wance for loan loss- ending
overy from bad debt
Domestic
Overseas
Credit card
on-consolidated basis		 4,099
4,575
1,516
3,059
(4,182)
4,492
33,897
3,541
(4,182)
217
33,473
1,629
809
792
28		 4,480
1,828
1,543
285
(1,930)
4,378
36,727
2,626
(1,930)
(512)
36,911
1,531
1,404
94
33		 9.3%
-60.0%
1.8%
-90.7%
-53.8%
-2.5%
8.3%
-25.8%
-53.8%
-
10.3%
-6.0%
73.5%
-88.1%
17.9%

33

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

First Sec. Operating Results

First Sec. Income Statement Summary in NT$ million or %

2021
2022
2023
2024
Full Year Results		 Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
1H24 1H25 Change
-29.8%
-23.1%
18.4%
-64.6%
-78.9%
45.2%
-8.3%
12.7%
-53.6%
-29.9%
-56.6%
Tota
Bro
Net
Und
Tra
Oth
Tota
Non-		 l operating income
kerage commission
interest income
erwriting commission
nsaction gains through F/V, net
er operating income
l operating expenses
operating income		 3,508
1,929
2,745
3,200
2,255
1,382
1,499
2,051
383
286
196
278
132
78
54
192
555
(63)
687
447
183
246
309
232
(1,879)
(1,488)
(1,714)
(1,953)
83
74
114
117		 1,681
1,041
125
48
374
93
(963)
55		 1,180
801
148
17
79
135
(883)
62
Inco
Inco		 me before tax
me tax		 1,712
515
1,145
1,364
(216)
(112)
(167)
(181)		 773
(87)		 359
(61)
Net i ncome 1,496
403
978
1,183		 686 298
Firs t Sec Key Ratios -8.96%
-1.94%
-0.07%
0.09%
ROA
ROA
Brok
Marg		 E (Annualized)
A (Annualized)
erage market share
in loan market share		 19.79%
5.22%
12.26%
13.11%
4.18%
1.19%
3.01%
2.86%
1.43%
1.38%
1.34%
1.26%
2.30%
2.35%
2.29%
2.18%		 15.42%
3.28%
1.28%
2.14%		 6.46%
1.34%
1.21%
2.23%
  1. Non-consolidated basis

34

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

FSITC Operating Results

FSITC Income Statement Summary in NT$ million or %

Full Yeart Results Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021
2022
2023
2024		 1H24 1H25 Change
Tota
M
Sa
Ope
Non
Inco
Inco
Net		 l operating income
anagement fee
les service fee
rating expenses
-operating income
me before tax
me tax
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		 384
369
15
(293)
3
94
(18)
76		 398
388
10
(298)
2
102
(20)
82		 3.6%
5.1%
-33.3%
1.7%
-33.3%
8.5%
11.1%
7.9%
FSI TC Key Ratios
AUM
AUM		 Ranking 112,979
100,051
125,552
141,505
13
15
14
14		 127,092
14		 160,442
14		 26.2%
  1. Non-consolidated basis

35

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

First Life Operating Results

First Life Income Statement Summary in NT$ million or %

==> picture [660 x 307] intentionally omitted <==

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

Full Year Result Year-over-Year Comparison
2021 2022 2023 2024 1H24 1H25 Change
Operating Revenue 14,401 16,689 13,400 15,514 7,987 8,048 0.8%
Premium Income 12,429 14,911 11,304 12,610 6,590 7,061 7.1%
Other Insurance Income 252 208 203 192 105 68 -35.2%
Net Investment Income 1,720 1,570 1,893 2,712 1,292 919 -28.9%
Operating Cost 13,047 15,761 12,101 14,016 7,355 7,458 1.4%
Reinsurance Commission 78 94 118 134 61 81 32.8%
Reserves 9,312 8,980 2,845 2,640 1,651 1,149 -30.4%
Claims 2,769 5,740 7,967 8,754 4,160 5,017 20.6%
Commission 888 945 1,170 2,487 1,483 1,210 -18.4%
Others 0 2 1 1 0 1 --
Operating Expenses (752) (783) (898) (1,012) (523) (553) 5.7%
Profit/Loss Before Tax 601 145 401 486 109 37 -66.1%
Income Tax (1) (83) 35 95 66 142 115.2%
Net Income after tax 600 62 436 581 175 179 2.3%
Key Ratios
ROAE(Annualized ratio) 13.85% 1.91% 12.92% 10.20% 6.10% 6.02% -0.1%
ROAA(Annualized ratio) 0.82% 0.08% 0.50% 0.62% 0.38% 0.38% 0.0%
----- End of picture text -----

36

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

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