Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

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

Aug 1, 2025

52222_rns_2025-08-01_94997402-63a7-4341-ad42-60f356f289d6.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

==> picture [720 x 7] intentionally omitted <==

==> picture [375 x 44] intentionally omitted <==

KGI Investor Conference FFHC 1Q25 Earnings Result

Aug. 6, 2025 Taipei

==> picture [720 x 26] intentionally omitted <==

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

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 development and economic performance are forward-looking statements. By their nature, forward-looking 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 conditions, 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 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.

2

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

Contents

  • At a Glance

  • Financial Highlights

  • Operating Results

  • Appendix

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

At a Glance

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

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

Resilient First Quarter In Moving Trends

FFHC increased 1Q25 net profit by 2.7% YoY to NT$ 7,206 mn

Earnings per share recorded at NT$0.51. First Bank, the flagship subsidiary, reported a net profit of NT$ 6,778 mn (+4.4% YoY) for the quarter whilst non-bank subsidiaries’ net profits together closed at NT$646 mn (-0.4% YoY).

Bank benefited from wealth income, treasury gains and lower net provision

In the first quarter, Bank’s wealth income grew 32.3% YoY and treasury gains rose 8.8% YoY (SWAP income climbed 14.0% YoY), making up for the revenue shortfall caused by one-time fee revenue when compared to a year prior. On the other hand, net provision was down by 94.2%, resulting from benign credit charges.

Total loan book expanded by 7.2%

Mortgage grew at a slower place to 13.2% YoY. Given U.S. tariffs impacts and supply-chain restructuring, large corp. financing grew by 10.8% YoY, FX lending by 9.6% YoY and SME loan by 2.9%.

Subject to 2025 AGM’s approval, proposed dividend payout of NT$0.95 cash and 0.25 stock

To maintain capital strength, cash dividend payout ratio for 2024 earnings was suggested at 52.5%.

5

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

Financial Highlights

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

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

FFHC Key Figures

Banking
NT$6,778; 94.0%
Securities
NT$120; 1.7%
Investment Trust
NT$43; 0.6 %
Others
-NT$129; -1.8%
Life
NT$345; 4.8%
Net Income Breakdown1 ( in NT$ mn)
AMC
NT$49; 0.7%		 Key Figures(in NT$, NT$ mn )
Consolidated Net Income1
Comprehensive Income
Total Assets
EPS
Book per share
Capital Stock
ROAE
2
ROAA
2
Group CAR
Double Leverage3
1Q25
7,206
8,730
4,787,845
0.51
19.70
140,287
10.60%
0.60%
133.09%
111.68%
YoY %
+2.7%
-20.0%
+5.3%
+2.0%
+3.5%
+3.0%
-4.0%
-6.3%
+2.4%
+1.2%
1Q24
7,015
10,911
4,548,915
0.50
19.04
136,201
11.04%
0.64%
129.95%
110.33%

  1. Consolidated figures with eliminated entries

  2. Annualized figures

  3. Double leverage = equity investment / shareholder equity

7

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

FFHC Net Income & Comprehensive Income

==> picture [628 x 421] intentionally omitted <==

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

1Q25 Consolidated Net Income & Comprehensive Income (in NT$ mn)
↓ 2.4%
↑ 2.7% ↓ 20.0%
1Q24 Consolidated Net Income & Comprehensive Income (in NT$ mn)
----- End of picture text -----

8

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

Net Income Breakdown by Subsidiaries*

==> picture [628 x 399] intentionally omitted <==

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

1Q25 Net Income By Subsidiaries (in NT$ mn)
↑ 4.4% ↑ 2.7%
7,206
6,778
↓ 61.7% ↑ 385.9%
120 43 345 49
First Bank First Securities FSITC First Life First AMC FFHC
1Q24 Net Income By Subsidiaries (in NT$ mn)
7,015
6,493
313 42 71 41
First Bank First Securities FSITC First Life First AMC FFHC
----- End of picture text -----

  • Major 5 subsidiaries were listed.

9

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

Operating Results

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

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

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

==> picture [628 x 400] intentionally omitted <==

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

FFHC Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
11.52% 11.46% 10.88% 9.51% 11.04% 10.92% 10.80% 9.82% 10.60%
1
6,630 13,158 19,027 22,461 7,015 15377,9369,293,8764,13378,16808,5029,10913, 13,729 20,808 25,359 7,206
8
3M23 6M23 9M23 2023 3M24 6M24 9M24 2024 3M25
First Bank Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
10.72% 10.38% 10.04% 8.89% 10.04% 9.92% 9.84% 8.99% 9.68%
23,806
21,526
18,016 19,443
12,799
12,256
6,320 6,493 6,778
3M23 6M23 9M23 2023 3M24 6M24 9M24 2024 3M25
1 9 2 1
9 M 6 M
----- End of picture text -----

11

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

FB Pre-tax Profits Breakdown
Cumulative Net Revenue(in NT$ mn or %) % of Net Revenue (in %)
Item 1Q24 1Q25 Change
NII 44.7% 45.7% +1.0%
15,595 Net Fee 20.9% 21.3% +0.4%
Gain on ST Invest. 0.7% 0.1% -0.6%
15,595 +0.0% Gain on LT invest. 0.9% 0.7% -0.2%
Gain on fin. Products 27.3% 30.6% +3.3%
Others 5.5% 1.6% -3.9%
1Q24 1Q25 Total Net Revenue 100.0% 100.0%
Cumulative Net Revenue z
Provision Expense (net)		 -7.5% -0.4% +7.1%
Operating Expense -42.0% -45.4% -3.4%
Pre-tax Profit Breakdown(in NT$ mn ) Income Before Tax 50.5% 54.2% +3.7%
↑ 2.1% ↑8.8% ↑7.8%
6,975 7,119 3,263
3,323
↑1.8%		 4,500 4,897 1,609
446
6,559
1,050
982
↓34.7%
↑120.2%		 7,072
1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 1Q241Q25 1Q24 1Q25
1Q24		 1Q25
Net Interest Income Net Fee Income Gains on Fin. Gross Recovery Operating Expense
Products Provision

12

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

FB Loan Book Mix

Item
1Q24
1Q25
Change
Consumer
29.4%
31.3%
+1.9%
Mortgage
25.9%
27.4%
+1.5%
Other Consumer Loan
3.5%
3.9%
+0.4%
Corporate Banking
70.6%
68.7%
-1.9%
Large Corp. Loan
12.4%
12.8%
+0.4%
SME Loan2
37.2%
35.8%
-1.4%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.2%
12.3%
+0.1%
Gov./ SOE Loan
4.2%
2.9%
-1.3%
Loan Book1
100.0%
100.0%
% of Loan Book1 Mix		 Item
1Q24
1Q25
Change
Consumer
29.4%
31.3%
+1.9%
Mortgage
25.9%
27.4%
+1.5%
Other Consumer Loan
3.5%
3.9%
+0.4%
Corporate Banking
70.6%
68.7%
-1.9%
Large Corp. Loan
12.4%
12.8%
+0.4%
SME Loan2
37.2%
35.8%
-1.4%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.2%
12.3%
+0.1%
Gov./ SOE Loan
4.2%
2.9%
-1.3%
Loan Book1
100.0%
100.0%
% of Loan Book1 Mix		 Item
1Q24
1Q25
Change
Consumer
29.4%
31.3%
+1.9%
Mortgage
25.9%
27.4%
+1.5%
Other Consumer Loan
3.5%
3.9%
+0.4%
Corporate Banking
70.6%
68.7%
-1.9%
Large Corp. Loan
12.4%
12.8%
+0.4%
SME Loan2
37.2%
35.8%
-1.4%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.2%
12.3%
+0.1%
Gov./ SOE Loan
4.2%
2.9%
-1.3%
Loan Book1
100.0%
100.0%
% of Loan Book1 Mix		 Item
1Q24
1Q25
Change
Consumer
29.4%
31.3%
+1.9%
Mortgage
25.9%
27.4%
+1.5%
Other Consumer Loan
3.5%
3.9%
+0.4%
Corporate Banking
70.6%
68.7%
-1.9%
Large Corp. Loan
12.4%
12.8%
+0.4%
SME Loan2
37.2%
35.8%
-1.4%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.2%
12.3%
+0.1%
Gov./ SOE Loan
4.2%
2.9%
-1.3%
Loan Book1
100.0%
100.0%
% of Loan Book1 Mix		 Item
1Q24
1Q25
Change
Consumer
29.4%
31.3%
+1.9%
Mortgage
25.9%
27.4%
+1.5%
Other Consumer Loan
3.5%
3.9%
+0.4%
Corporate Banking
70.6%
68.7%
-1.9%
Large Corp. Loan
12.4%
12.8%
+0.4%
SME Loan2
37.2%
35.8%
-1.4%
F/X Loan
16.8%
17.2%
+0.4%
--- Overseas
12.2%
12.3%
+0.1%
Gov./ SOE Loan
4.2%
2.9%
-1.3%
Loan Book1
100.0%
100.0%
% of Loan Book1 Mix
Item
1Q24		 1Q25
Consumer
29.4%		 31.3%
Mortgage
25.9%		 27.4%
Other Consumer Loan
3.5%		 3.9%
Corporate Banking
70.6%		 68.7%
Large Corp. Loan
12.4%		 12.8%
SME Loan2
37.2%		 35.8% -1.4%
F/X Loan
16.8%		 17.2%
--- Overseas
12.2%		 12.3%
Gov./ SOE Loan
4.2%		 2.9%
Loan Book1
100.0%		 100.0%
Loan Book1 Mix (in NT$ bn )
Mortgage
Large Corp. Loan
F/X Loan
Others3
SME Loan2
646.1
309.3
927.9
418.3
190.6
731.6
342.8
954.8
458.4
183.7
↑13.2%
↑10.8%
↑2.9%
↑9.6%
other
consumer
loan
105.2 bn
Overseas
304.3
↑7.6%
Overseas
327.3
1Q241Q25
1Q241Q25
1Q241Q24
1Q241Q25
1Q241Q25

  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.

13

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

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%
2,492.2
2,529.7		 2,570.0 2,642.9 2,671.3 ↑1.1%
646.1 674.3 699.8 720.6 731.6 Mortgage ↑1.5%
927.9 962.1 947.8 960.6 954.8 SME
Large Corp.		 ↓0.6%
↓1.9%
418.3
309.4		 428.6
325.3		 427.6
339.7		 443.3
349.3		 458.4
342.8		 F/X ↑3.4%
190.5 139.4 155.1 169.1 183.7 Others
1Q24 2Q24 3Q24 4Q24 1Q25

14

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

FB LDR, SPREAD &NIM

==> picture [667 x 407] intentionally omitted <==

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

Total Loan & LDR (in NT$ bn or % ) Total Loan [1] LDR
NTD 84.1%
69.60% 70.24% 69.08% 69.79% 69.59% 71.02% 71.11% 70.68% F/X 41.1%
2,344.4 2,406.7 2,417.5 2,497.2 2,534.4 2,574.5 2,647.2 2,676.0
2Q23 3Q23 2023 1Q24 2Q24 3Q24 2024 1Q25
△
Loan-Deposit Spread / NIM ( in % ) Spread [2] NIM [2]
1.34% 1.36%
1.34%
1.21% 1.20% 1.18%
1.17%
1.11%
0.76% 0.76% 0.76%
0.70% 0.70% 0.68% 0.67% 0.67%
2Q23 3Q23 2023 1Q24 2Q24 3Q24 2024 1Q25
----- End of picture text -----

  1. Total Loan = loan + import/export negotiation + NALs

  2. Annual cumulative average spread and NIM

15

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

FB Loan Yields, Costs & Spreads

==> picture [628 x 405] intentionally omitted <==

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

NTD Yields & Costs Overview ( in % ) Deposit Rate (NTD) Lending Rate (NTD) Interest Spread (NTD)
1.30% 1.30%
1.28% 1.29%
1.26%
2.25% 2.36% 2.37% 2.36% 2.35%
0.97% 1.06% 1.07% 1.07% 1.09%
1Q24 2Q24 3Q24 4Q24 1Q25
FX Yields & Costs Overview ( in % ) Deposit Rate (FX) Lending Rate (FX) Interest Spread (FX)
2.58%
2.50%
2.35%
2.21% 2.08%
6.40% 6.47% 6.33%
5.93%
5.57%
3.82% 3.97% 3.98% 3.72% 3.49%
1Q24 2Q24 3Q24 4Q24 1Q25
----- End of picture text -----

*All rates are quarterly average rates.

16

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

FB Deposit Mix

==> picture [645 x 390] intentionally omitted <==

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

Deposit Mix (in NT$ bn ) NTD CASA Rate (in %)
NTD Deposit F/X deposit NTD CASA rate
1,115.3
978.1
+14.0%
△
Total
Deposit
62.62% 63.31% 62.75% 61.69%
$3,746.1 bn
+4.7% YoY
2,600.2 2,630.8 2023 1H24 2024 1Q25
+1.2%
1Q24 1Q25
----- End of picture text -----

17

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

Major Exposures to Specific Industries

==> picture [587 x 351] intentionally omitted <==

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

% of Loan to Industries
Manufacturing (23.12%) Non-Manufacturing (76.88%)
4.11% Petro. Construction 2.92%
Wholesale/Retail 9.57%
5.28% Metal
Real Estate 11.32%
5.01% Tech.
Transportation &
2.55%
3.78% Machinery Warehousing
Banking &
5.35%
Insurance
----- End of picture text -----

18

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

FB Mortgage Book Mix

==> picture [629 x 396] intentionally omitted <==

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

Mortgage Yield & LTV Ratio (in %) % of Mortgage by Location (in %)
Loan-to-value ratio of new mortgage Mortgage NPL: 0.10%
Avg. loan-to-value ratio Mortgage Yield
Taipei
Area
East Area
43.3%
3.0%
2.30% 2.29% 2.28% 2.28%
2.18%
Kaohsiung Area Taoyuan
11.1% Area
64.67% 64.79% 64.82% 64.86% 64.87%
19.8%
47.66% 48.24% 48.61% 48.84% 48.83%
Tainan Area
10.0%
Taichung Area
1Q24 2Q24 3Q24 4Q24 1Q25
12.8%
↑4.3%
Monthly New Mortgage Lending (in NT$mn)
Monthly New Mortgage Lending
44,282
39,817 32,467
17,480 16,527 16,175 [19,319 18,009 18,976 ]
10,275 16,811 14,080 13,452 13,885 12,480 11,514 11,918 9,035
1M24 2M24 3M24 4M24 5M24 6M24 7M24 8M24 9M24 10M24 11M24 12M24 1M25 2M25 3M25
----- End of picture text -----

19

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

FB Fee Income Breakdown
Cumulative Net Fee Income (in NT$ mn or %) Net Fee Income Breakdown
Item 1Q24 1Q25 Change
3,323 WM Fee1 53.0% 68.8% +15.8%
Loan-related 34.7% 19.6% -15.1%
+1.8% F/X 4.9% 5.0% +0.1%
3,263 Credit Card 2.7% 2.6% -0.1%
1Q24 1Q25 Other2 4.7% 4.0% -0.7%
Cumulative Net
Fee Income Net Fee Income 100.0% 100.0%
Cumulative Net Fee Breakdown ( in NT$ mn )
↑32.3%
2,287
1,728 1,132
161
650
167
↓42.6%		 89
87		 153 132
1Q24
1Q25		 1Q24 1Q25
1Q24
1Q25		 1Q241Q25 1Q24 1Q25
WM Fee1 Loan-related F/X Credit Card Others2

  1. WM Fee = fund Sales + bancassurance + custodian

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

20

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

FB Fee Income Breakdown

-QoQ Comparison

==> picture [678 x 405] intentionally omitted <==

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

QoQ Fee Income Breakdown (in NT$ mn)
QoQ
3,263 3,323
3,083 ↑ 7.8%
2,819 2,797
Quarterly
fee income
132
153
87
89
167
208
161
120
159
207 186
94 650
95
181
172
1,132 565
Others [1] 166
Credit Card 610 548
168
F/X Related
Loan Related 139 150 167
1,219 Banca.
↑ 8.7%
1,121
837 858 857
Wealth
MGT. [2]
Custodian
Bancassurance 752 767 751 715 902 Fund Sales
Mutual Fund
↑ 26.2%
1Q24 2Q24 3Q24 4Q24 1Q25
----- End of picture text -----

  1. WM Fee = fund sales + bancassurance + custodian

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

21

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

FB Cost-to-Income Ratio

==> picture [626 x 379] intentionally omitted <==

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

Cumulative Operating Expense (in NT$ mn ) Cost-to-Income ( in NT$ mn)
Item 1Q24 1Q25
7,072
6,559 Net Revenue 15,595 15,595
+7.8% Operating Expense (6,559) (7,072)
Provision(Net) (1,163) (68)
Income Tax (1,380) (1,677)
1Q24 1Q25
Net Income 6,493 6,778
Cumulative Operating Expense
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%
43.24% 42.06% 42.56%
17,461
15,595 15,389 15,595
14,608 13,961 14,485
6,685 6,976 6,559 7,129 6,928 7,310 7,072
3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25
----- End of picture text -----

22

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

FB Asset Quality

==> picture [628 x 415] intentionally omitted <==

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

NPL, NPL Reserve, Coverage Ratio, NPL Ratio (in NT$ mn or % )
Coverage Ratio NPL Ratio NPL NPL Reserve
826.96%
797.04% 819.77% 801.27%
769.77%
742.13% 745.24%
0.18% 0.18% 0.18%
0.17% 0.17% 0.17% 0.17%
31,856 33,897 32,848 33,473 35,170 36,727 37,033
3,997 4,099 4,426 4,492 4,569 4,480 4,622
3Q23 2023 1Q24 2Q24 3Q24 2024 1Q25
1
Individual & Mortgage NPL Ratios (in %) Large Corp. & SME NPL Ratios (in %)
Individual Mortgage Large Corp. SME
0.15%
0.17% 0.17% 0.16% 0.17% 0.18%
0.10%
0.08% 0.08%
0.07%
0.10%
0.08%
0.06% 0.06% 0.07% 0.00% 0.00% 0.00% 0.02% 0.01%
1Q24 2Q24 3Q24 2024 1Q25 1Q24 2Q24 3Q24 2024 1Q25
----- End of picture text -----

  1. Individual: mortgage and non-mortgage loan included

23

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

FB Overseas Profits

==> picture [631 x 403] intentionally omitted <==

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

Overseas Pre-Tax Profits Mix ( in NT$ mn or %) FB Total Pre-Tax Profits Mix ( in NT$ mn or %)
1Q25 Total pre-tax profits NT$8,455 mn
24.21%
OBU/Greater China
North America
1Q25 Others, Domesti
Overseas 48.30% Asean 13.82% c
$2,260 mn
Market,
12.81% Others
73.27%
OBU/Greater China,
14.68% 12.91%
Quarterly Overseas & Total PTP (in NT$ mn or %)
Overseas Total Cumulative Overseas PTP to FB Total PTP
18.91% 23.97% 22.93% 27.67% 26.73%
9.49%
8,455
7,873 7,804 7,997
5,569
4,545
3,010 2,662 2,260
720 747 1,672
4Q23 1Q24 2Q24 3Q24 4Q24 1Q25
----- End of picture text -----

24

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

CAR & Core Capital

==> picture [627 x 397] intentionally omitted <==

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

FFHC Group CAR (in %)
Group CAR Statutory CAR
133.09%
130.05%
128.09%
125.16% 126.05%
122.45%
100%
2H22 1H23 2H23 1H24 2H24 1Q25
FB CAR & Core Capital (in %)
FB CAR Tier 1
15.30%
13.76% 14.26% 14.56% 13.87% 14.45%
12.32% 12.61% 12.29% 13.11%
11.80% 11.96%
2H22 1H23 2H23 1H24 2H24 1Q25
----- End of picture text -----

25

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

Shareholder Return

FFHC Earnings Per Share ( in NT$)

EPS
Dividend
1.00
1.31		 1.20
1.52		 1.10
1.56		 1.15
1.65		 1.20
1.81
2020 2021 2022 2023 2024
FFHC Dividend History( in NT$)
2020 2021 2022 2023 2024
Cash dividend 0.90 1.00 0.80 0.85 0.95
Stock dividend 0.10 0.20 0.30 0.30 0.25
Total dividend 1.00 1.20 1.10 1.15 1.20
Cash Payout ratio 68.7% 65.8% 51.3% 51.5% 52.5%
  • EPS was not adjusted retroactively.

26

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

Appendix

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

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

FFHC Consolidated Income Statement

==> picture [634 x 389] intentionally omitted <==

28

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

FFHC Non-consolidated Income Statement

FFHC Non-Consolidated Income Statement Summary FFHC Non-Consolidated Income Statement Summary FFHC Non-Consolidated Income Statement Summary FFHC Non-Consolidated Income Statement Summary
in NT$ million, NT$, or %
Full Year Results Year-over-Year Comparison
2021 2022 2023 2024 1Q24 1Q25 Change
Operating revenues 20,333 21,270 23,514 26,359 7,173 7,429 3.6%
Income from long-term investment 20,163 21,094 23,318 26,124 7,169 7,427 3.6%
Other income 170 176 196 235 4 2 -50.0%
Operating expenses (403) (413) (440) (485) (119) (125) 5.0%
Other expenses and losses (184) (267) (381) (465) (100) (134) 34.0%
Income from continued op. before tax 19,747 20,590 22,693 25,409 6,954 7,170 3.1%
Net income 19,739 20,596 22,461 25,359 7,015 7,206 2.7%
EPS1(NT$) 1.49 1.51 1.60 1.81 0.50 0.51 2.0%
  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
1Q24 1Q25 Change
No n-consolidated Balance Sheet Data
Lo
Tot
Tot
Tot
Co
Tot
Tot
Tot
Cu		 ng-term investment
al non-consolidated assets
al liabilities
al shareholders' equity
nolidated Balance Sheet Data
al consolidated assets
al liabilities
al 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		 282,853
291,578
32,223
259,355
4,548,915
4,289,560
259,355
136,201		 305,188
313,794
37,439
276,355
4,787,845
4,511,490
276,355
140,287		 7.9%
7.6%
16.2%
6.6%
5.3%
5.2%
6.6%
3.0%

30

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

FFHC Key Ratios

FFHC Key Ratios

F H H H H H H
Full Year Results Year-over-Year Comparison
2021
2022
2023
2024		 1Q24 1Q25 Change
A
A		 ft
ft		 er-
er-		 tax ROAA (Annualized ratio)
tax ROAE (Annualized ratio)		 0.55%
0.52%
0.52%
0.56%
8.86%
9.18%
9.51%
9.82%		 0.64%
11.04%		 0.60%
10.60%		 -6.3%
-4.0%
B o ok Per Share 17.32
16.95
18.24
19.10		 19.04 19.70 3.5%
C a pit al Stock 129,642
132,234
136,201
140,287		 136,201 140,287 3.0%
D o ub le leverage 108.75%
110.38%
110.73%
111.97%		 110.33% 111.68% 1.2%
G ro u p CAR 130.35%
125.16%
130.05%
126.05%		 129.95% 133.09% 2.4%
D e bt Ratio1 9.82%
10.97%
11.45%
11.80%		 11.05% 11.93% 8.0%
  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 %

Full Year Results Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021
2022
2023
2024		 1Q24 1Q25 Change
Net
Net
Net
Net
Net
Oth
Net
Op
Pre
Pro
Ad
Inco
Inc
Net		 interest income
32,263
35,001
29,245
27,888
fee 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
er net income
337
389
540
843
revenue
46,862
54,484
58,720
62,930
erating expenses
(22,379)
(24,210)
(26,329)
(27,926)
-provisiion pre-tax profit
24,483
30,274
32,391
35,004
vision expense
(6,578)
(9,025)
(11,305)
(9,521)
justment: 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)
income
17,652
20,328
21,526
23,806
her items
(4,425)
(3,946)
8,526
5,336
mprehensive income
13,227
16,382
30,052
29,142
S
1.86
1.99
1.95
2.16		 6,975
3,263
108
138
4,254
857
15,595
(6,559)
9,036
(1,609)
446
7,873
(1,380)
6,493		 7,119
3,323
18
102
4,777
256
15,595
(7,072)
8,523
(1,050)
982
8,455
(1,677)
6,778		 2.1%
1.8%
-83.3%
-26.1%
12.3%
-70.1%
0.0%
7.8%
-5.7%
-34.7%
120.2%
7.4%
21.5%
4.4%
Ot
Co		 3,162
9,655		 2,236
9,014		 -29.3%
-6.6%
EP 0.59 0.61 3.4%

32

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

FB Key Ratios

F ~~B Key Ratios~~

FB Key Ratios FB Key Ratios FB Key Ratios FB Key Ratios FB Key Ratios
F~~B~~ ~~Key Ratios~~
2021
2022
2023
2024
1Q24
1Q25
Change
n to deposit spread
1.41%
1.48%
1.34%
1.17%
1.21%
1.11%
-8.26%
Interest Margin
1.01%
0.99%
0.76%
0.67%
0.70%
0.67%
-4.29%
st to income ratio
47.76%
44.44%
44.84%
44.38%
42.06%
45.35%
7.82%
n to deposit ratio
69.55%
70.60%
69.08%
71.11%
69.79%
70.68%
1.28%
L ratio
0.20%
0.18%
0.17%
0.17%
0.18%
0.17%
-5.56%
mestic NPL ratio
0.19%
0.19%
0.14%
0.12%
0.11%
0.14%
27.27%
erseas NPL ratio
0.24%
0.10%
0.35%
0.42%
0.52%
0.34%
-34.62%
verage ratio
620.31%
709.24%
826.96%
819.77%
742.13%
801.27%
7.97%
R
14.21%
13.76%
14.56%
14.45%
14.54%
15.30%
5.23%
r-1
12.48%
11.80%
12.61%
12.29%
12.62%
13.11%
3.88%
AA (Annualized)
0.51%
0.53%
0.52%
0.54%
0.60%
0.60%
0.00%
AE (Annualized)
7.97%
8.95%
8.89%
8.99%
10.04%
9.68%
-3.59%
Year-over-Year Comparison
Full Year Results
Loa
Net
Co
Loa
NP
Do
Ov
Co
CA
Tie
RO
RO		 Full Year Results Year-over-Year Comparison
2021
2022
2023
2024
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%		 1Q24 1Q25 Change
n to deposit spread
Interest Margin
st to income ratio
n to deposit ratio
L ratio		 1.21%
0.70%
42.06%
69.79%
0.18%		 1.11%
0.67%
45.35%
70.68%
0.17%		 -8.26%
-4.29%
7.82%
1.28%
-5.56%
mestic NPL ratio 0.19%
0.19%
0.14%
0.12%		 0.11% 0.14% 27.27%
erseas NPL ratio 0.24%
0.10%
0.35%
0.42%		 0.52% 0.34% -34.62%
verage ratio
R
r-1		 620.31%
709.24%
826.96%
819.77%
14.21%
13.76%
14.56%
14.45%
12.48%
11.80%
12.61%
12.29%		 742.13%
14.54%
12.62%		 801.27%
15.30%
13.11%		 7.97%
5.23%
3.88%
AA (Annualized)
AE (Annualized)		 0.51%
0.53%
0.52%
0.54%
7.97%
8.95%
8.89%
8.99%		 0.60%
10.04%		 0.60%
9.68%		 0.00%
-3.59%

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
Full Year Results		 Q1
Q2
Q3
Q4
1Q24
1Q25
Change
4,099
4,426
4,492
4,569
4,099
4,480
9.3%
3,502
1,073
1,527
764
3,502
871
-75.1%
531
985
500
950
531
938
76.6%
2,971
88
1,027
(186)
2,971
(67)
-
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
4,426
4,492
4,569
4,480
4,426
4,622
4.4%
33,897
32,848
33,473
35,170
33,897
36,727
8.3%
1,963
1,578
3,261
2,377
1,963
1,021
-48.0%
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
163
54
(114)
33
163
14
-91.4%
32,848
33,473
35,170
36,727
32,848
37,033
12.7%
446
1,182
568
1,564
446
982
120.2%
Year-over-Year Comparison
2024 Quarterly		 Q1
Q2
Q3
Q4
1Q24
1Q25
Change
4,099
4,426
4,492
4,569
4,099
4,480
9.3%
3,502
1,073
1,527
764
3,502
871
-75.1%
531
985
500
950
531
938
76.6%
2,971
88
1,027
(186)
2,971
(67)
-
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
4,426
4,492
4,569
4,480
4,426
4,622
4.4%
33,897
32,848
33,473
35,170
33,897
36,727
8.3%
1,963
1,578
3,261
2,377
1,963
1,021
-48.0%
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
163
54
(114)
33
163
14
-91.4%
32,848
33,473
35,170
36,727
32,848
37,033
12.7%
446
1,182
568
1,564
446
982
120.2%
Year-over-Year Comparison
2024 Quarterly		 Q1
Q2
Q3
Q4
1Q24
1Q25
Change
4,099
4,426
4,492
4,569
4,099
4,480
9.3%
3,502
1,073
1,527
764
3,502
871
-75.1%
531
985
500
950
531
938
76.6%
2,971
88
1,027
(186)
2,971
(67)
-
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
4,426
4,492
4,569
4,480
4,426
4,622
4.4%
33,897
32,848
33,473
35,170
33,897
36,727
8.3%
1,963
1,578
3,261
2,377
1,963
1,021
-48.0%
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
163
54
(114)
33
163
14
-91.4%
32,848
33,473
35,170
36,727
32,848
37,033
12.7%
446
1,182
568
1,564
446
982
120.2%
Year-over-Year Comparison
2024 Quarterly		 Q1
Q2
Q3
Q4
1Q24
1Q25
Change
4,099
4,426
4,492
4,569
4,099
4,480
9.3%
3,502
1,073
1,527
764
3,502
871
-75.1%
531
985
500
950
531
938
76.6%
2,971
88
1,027
(186)
2,971
(67)
-
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
4,426
4,492
4,569
4,480
4,426
4,622
4.4%
33,897
32,848
33,473
35,170
33,897
36,727
8.3%
1,963
1,578
3,261
2,377
1,963
1,021
-48.0%
(3,175)
(1,007)
(1,450)
(853)
(3,175)
(729)
-77.0%
163
54
(114)
33
163
14
-91.4%
32,848
33,473
35,170
36,727
32,848
37,033
12.7%
446
1,182
568
1,564
446
982
120.2%
Year-over-Year Comparison
2024 Quarterly
1Q24 1Q25 Change
NP
N


N
NP
Allo
P
N
O
Allo
Re		 L- beginning
et new NPL influx
Domestic
Overseas
et write-offs
L- ending balance
wance for loan loss- beginning
rovisions for loan loss
et write-offs
thers
wance for loan loss- ending
covery from bad debt		 4,099
3,502
531
2,971
(3,175)
4,426
33,897
1,963
(3,175)
163
32,848
446		 4,480
871
938
(67)
(729)
4,622
36,727
1,021
(729)
14
37,033
982		 9.3%
-75.1%
76.6%
-
-77.0%
4.4%
8.3%
-48.0%
-77.0%
-91.4%
12.7%
120.2%


Domestic
Overseas
Credit card		 3,405
1,940
2,083
1,765
54
55		 404
405
519
612
29
762
37
937
13
15
12
15		 404
29
13		 938
28
16		 132.2%
-3.4%
23.1%
1. N on-consolidated basis

34

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

First Sec. Operating Results

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

Full Year Results Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021
2022
2023
2024		 1Q24 1Q25 Change
Tot
Br
N
U
Tr
O
Tot
No
Inc
In
Net		 al operating income
okerage commission
et interest income
nderwriting commission
ansaction gains through F/V, net
ther operating income
al operating expenses
n-operating income
ome before tax
come tax
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
1,712
515
1,145
1,364
(216)
(112)
(167)
(181)
1,496
403
978
1,183		 789
465
60
15
216
33
(458)
27
358
(45)
313		 542
391
80
9
22
40
(434)
30
138
(18)
120		 -31.3%
-15.9%
33.3%
-40.0%
-89.8%
21.2%
-5.2%
11.1%
-61.5%
-60.0%
-61.7%
-63.6%
-65.3%
-5.4%
0.0%
Fir st Sec. Key Ratios
RO
RO
Bro
Ma		 AE (Annualized)
AA (Annualized)
kerage market share
rgin 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%		 14.08%
3.00%
1.29%
2.15%		 5.12%
1.04%
1.22%
2.15%
  1. Non-Consolidated Basis

35

==> 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
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		 1Q24 1Q25 Change
Tot
M
S
Ope
Non
Inco
Inco
Net		 al operating income
anagement fee
ales service fee
rating expenses
-operating income
me before tax
me tax
income		 195
188
7
(145)
2
52
(10)
42		 203
199
4
(151)
2
54
(11)
43		 4.1%
5.9%
-42.9%
4.1%
0.0%
3.8%
10.0%
2.4%
y
FSI TC Key Ratios
AU M 112,979
100,051
125,552
141,505		 125,787 146,715 16.6%
AU M Ranking 13
15
14
14		 14 14
  1. Non-consolidated basis

36

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

First Life Operating Results

First Life Income Statement Summary in NT$ million or %

Full Year Result Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021
2022
2023
2024		 1Q24 1Q25 Change
Op
Pr
Ot
Ne
Op
R
R
C
C
O
Op
Pro
Inc
Net		 erating Revenue
emium Income
her insurance income
t Investment Income
erating Cost
einsurance commission
eserves
laims
ommission
thers
erating Expenses
fit/Loss Before Tax
ome 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		 4,418
3,716
55
647
4,101
27
1,465
1,785
824
0
(277)
40
31
71		 4,864
3,869
38
957
4,247
40
1,107
2,480
620
0
(295)
322
23
345		 10.1%
4.1%
-30.9%
47.9%
3.6%
48.1%
-24.4%
38.9%
-24.8%
-
6.5%
705.0%
-25.8%
385.9%
Ke y Ratios
RO
RO		 AE (Annualized)
AA (Annualized)		 13.85%
1.91%
12.92%
10.20%
0.82%
0.08%
0.50%
0.62%		 5.36%
0.32%		 22.44%
1.44%		 318.7%
350.0%

37

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

Q&A

More from First Financial Holding Co. Ltd.

Earnings Release 2026
Jul 13
Regulatory Filings 2026
Jul 7
Director's Dealing 2026
Jul 7
AGM Information 2026
Jun 30
Board/Management Information 2026
Jun 29
Share Issue/Capital Change 2026
Jun 26
Board/Management Information 2026
Jun 25
Regulatory Filings 2026
Jun 25
Declaration of Voting Results & Voting Rights Announcements 2026
Jun 24
Board/Management Information 2026
Jun 23
View all filings →