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

Jan 8, 2026

52222_rns_2026-01-08_7cbe7ab2-7fa7-40c3-9d99-8cdafcc36ff9.pdf

Interim / Quarterly Report

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GS 2026 Asia Financials Corporate Day First Financial Holdings 3Q25 Earnings Results

January 9, 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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Company Overview

FFHC (TPE: 2892) , a bank-focused financial holding company with over 90% of income from the bank. Through its subsidiaries, FFHC accepts deposits, extends loans and provides wealth management, securities brokerage, asset management, insurance services, etc.

A domestic systemically important bank with strong deposit franchise. Top SME lender with market share over 9% ; overseas operations contributing to nearly 30% bank’s pre-tax profits.

Growing wealth management business.

Income from wealth management attributed to 60-70% of bank’s total fee income. Bank has been a top player in serving high-net-worth individuals.

ROAE

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12.00% 10.52%
9.18% 9.51% 9.82%
10.00%
8.00%
6.00%
2022 2023 2024 3Q25
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9.18%
9.51%
9.82%
10.52%
6.00%
8.00%
10.00%
12.00%
2022
2023
2024
3Q25
ROAE		 9.18%
9.51%
9.82%
10.52%
6.00%
8.00%
10.00%
12.00%
2022
2023
2024
3Q25
ROAE
Net Income(in NT$ mn)
19,000
21,000
23,000
25,000		 20,596
22,461
25,359
21,699
2022
2023
2024
3Q25
Dividend Payout(in NT$)
2021
2022
2023
2024
EPS
1.52
1.56
1.65
1.81
Total divd.
1.20
1.10
1.15
1.20
Stock divd.
0.20
0.30
0.30
0.25
Cash divd.
1.00
0.80
0.85
0.95
Cashpayout
65.8%
51.3%
51.5%
52.5%

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Contents

  • At a Glance

  • Financial Highlights

  • Operating Results

  • Appendix

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At a Glance

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Higher Profits Growth

FFHC and subsidiary First Bank both reported record profits

For the first three quarters of 2025, amidst changing environments, FFHC’s net income reached NT$ 21,699 mn, together with subsidiary First Bank’s record earnings and other non-bank subsidiaries’ contributions.

Profits drivers at Bank were extended NII and robust wealth income

Yearly growth rates of NII and net fee were 9%, close to double-digit increase. On the base of rising core business of loan and deposit, given high net worth individuals were in focus, pushing up wealth income, particularly bancassurance, for the first three quarters reaching 23.7% growth.

Asset quality remained sound while navigating for gains

Net provisioning lowered 13.1% YoY, NPL ratio maintained low level of 0.17% and coverage ratio rose to 847.89%, demonstrating rigorous credit risk mgmt. capabilities.

Into 2026, aim for another successful year in volatile markets

Given the high base effect, Directorate General of Budget’s Taiwan GDP forecast for 2026 is relatively lower at 2.81%. Facing cooling demands, Bank is to adjust loan portfolio by penetrating business opportunities in syndication loans and Taiwan companies’ overseas investments, to develop private banking business, and to apply AI technology that enhances efficiency. Also, Group is keen to promote the competitive edges of securities and life insurance subsidiaries as supplementary profits engines.

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Financial Highlights

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FFHC Key Figures

Bank
NT$20,551; 94.7%
Securities
NT$756; 3.5%
Investment Trust
NT$132; 0.6 %
Others
-NT$586; -2.7%
Lifer
NT$684; 3.2%
Net Income Breakdown(in NT$ mn)
AMC
NT$162; 0.7%		 Bank
NT$20,551; 94.7%
Securities
NT$756; 3.5%
Investment Trust
NT$132; 0.6 %
Others
-NT$586; -2.7%
Lifer
NT$684; 3.2%
Net Income Breakdown(in NT$ mn)
AMC
NT$162; 0.7%		 Key Figures(in NT$, NT$ mn)
Consolidated Net Income
Comprehensive Income
Total Assets
EPS
Book Per Share
Capital Stock
ROAE
1
ROAA
1
Group CAR
Double Leverage2
3Q25
21,699
27,748
4,919,623
1.51
19.61
143,795
10.52%
0.60%
132.50%
114.39%
YoY %
+4.3%
-1.9%
+5.9%
+4.1%
+3.8%
+2.5%
-2.6%
-1.6%
+3.1%
+2.1%
3Q24
20,808
28,293
4,647,219
1.45
18.90
140,287
10.80%
0.61%
128.50%
112.00%
Key Figures(in NT$, NT$ mn)
Consolidated Net Income
Comprehensive Income
Total Assets
EPS
Book Per Share
Capital Stock
ROAE
1
ROAA
1
Group CAR
Double Leverage2
3Q25
21,699
27,748
4,919,623
1.51
19.61
143,795
10.52%
0.60%
132.50%
114.39%
YoY %
+4.3%
-1.9%
+5.9%
+4.1%
+3.8%
+2.5%
-2.6%
-1.6%
+3.1%
+2.1%
3Q24
20,808
28,293
4,647,219
1.45
18.90
140,287
10.80%
0.61%
128.50%
112.00%

  1. Annualized figures

  2. Double leverage = equity investment / shareholder equity

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FFHC Net Income & Comprehensive Income

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3Q25 Consolidated Net Income & Comprehensive Income (in NT$ mn)
↑ 4.6%
↓ 11.7% ↑ 45.1%
↑ 4.3% ↓ 1.9%
3Q24 Consolidated Net Income & Comprehensive Income (in NT$ mn)
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Net Income Breakdown by Subsidiaries*

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3Q25 Net Income By Subsidiaries (in NT$ mn)
↑ 5.7% ↑ 4.3%
21,699
20,551
↑ 44.6%
↓ 18.8%
756 132 684 162
First Bank First Securities FSITC First Life First AMC FFHC
3Q24 Net Income By Subsidiaries (in NT$ mn)
20,808
19,443
931 112 473 124
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
10.88% 11.04% 10.92% 10.80% 10.60% 10.52% 10.52%
9.82%
9.51%
1
19,027 22,461 7,015 13,729 20,808 15377,9369,293,8764,13378,16808,5029,10913, 25,359 7,206 13,946 21,699
8
9M23 2023 3M24 6M24 9M24 2024 3M25 6M25 9M25
First Bank Net Income & ROAE (in NT$ mn)
Cumulative Net Income Annualized ROAE
10.04% 10.04% 9.92% 9.84% 9.68% 9.92% 9.55%
8.89% 8.99%
23,806
21,526 19,443 20,551
18,016
12,799 13,807
6,493 6,778
9M23 2023 3M24 6M24 9M24 2024 3M25 6M25 9M25
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|3Q24|3Q25|Change|
|NII|43.1%|45.5%|+2.4%|
|50,075|
|Net Fee|18.3%|19.3%|+1.0%|
|48,445|+3.4%|
|Gain on ST Invest.|2.2%|2.2%|0.0%|
|Gain on LT invest.|2.5%|2.6%|+0.1%|
|Gain on Fin. Products|32.3%|29.1%|-3.2%|
|Others|1.6%|1.3%|-0.3%|
|3Q24|3Q25|Total Net Revenue|100.0%|100.0%|
|z|
|Cumulative Net Revenue|Provision Expense (net)|-8.6%|-7.2%|+1.4%|
|Operating Expense|-42.5%|-43.0%|-0.5%|
|Pre-tax Profit Breakdown|(in NT$ mn )|Income Before Tax|48.9%|49.8%|+0.9%|
|↑|9.2%|↑|4.5%|
|↓|5.2%|
|20,875|22,789|↑|9.1%|20,616|21,537|
|17,906|16,972|↓|4.7%|
|8,879|9,684|
|6,351|6,054|
|2,196|2,445|
|3Q24 NII|3Q25|3Q24 Net Fee3Q25|3Q24 Gains on investment3Q25|3Q24 provision3Q25|3Q24 recovery3Q25|3Q24 operating exp.3Q25|
|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)
2,744.1
+6.8%
2,570.0
3Q24 3Q25
Loan Book [1]
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Item
3Q24
3Q25
Change
Consumer
30.9%
31.6%
+0.7%
Mortgage
27.2%
27.4%
+0.2%
Other Consumer Loan
3.7%
4.2%
+0.5%
Corporate Banking
69.1%
68.4%
-0.7%
Large Corp. Loan
13.2%
13.7%
+0.5%
SME Loan2
36.9%
36.2%
-0.7%
F/X Loan
16.7%
16.6%
-0.1%
--- Overseas
12.1%
11.7%
-0.4%
Gov./ SOE Loan
2.3%
1.9%
-0.4%
Loan Book1
100.0%
100.0%
% of Loan Book Mix		 Item
3Q24
3Q25
Change
Consumer
30.9%
31.6%
+0.7%
Mortgage
27.2%
27.4%
+0.2%
Other Consumer Loan
3.7%
4.2%
+0.5%
Corporate Banking
69.1%
68.4%
-0.7%
Large Corp. Loan
13.2%
13.7%
+0.5%
SME Loan2
36.9%
36.2%
-0.7%
F/X Loan
16.7%
16.6%
-0.1%
--- Overseas
12.1%
11.7%
-0.4%
Gov./ SOE Loan
2.3%
1.9%
-0.4%
Loan Book1
100.0%
100.0%
% of Loan Book Mix		 Item
3Q24
3Q25
Change
Consumer
30.9%
31.6%
+0.7%
Mortgage
27.2%
27.4%
+0.2%
Other Consumer Loan
3.7%
4.2%
+0.5%
Corporate Banking
69.1%
68.4%
-0.7%
Large Corp. Loan
13.2%
13.7%
+0.5%
SME Loan2
36.9%
36.2%
-0.7%
F/X Loan
16.7%
16.6%
-0.1%
--- Overseas
12.1%
11.7%
-0.4%
Gov./ SOE Loan
2.3%
1.9%
-0.4%
Loan Book1
100.0%
100.0%
% of Loan Book Mix
Item
3Q24		 3Q25
Consumer
30.9%		 31.6%
Mortgage
27.2%		 27.4%
Other Consumer Loan
3.7%		 4.2%
Corporate Banking
69.1%		 68.4%
Large Corp. Loan
13.2%		 13.7%
SME Loan2
36.9%		 36.2%
F/X Loan
16.7%		 16.6%
--- Overseas
12.1%		 11.7%
Gov./ SOE Loan
2.3%		 1.9%
Loan Book1
100.0%		 100.0%

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Loan Book Mix (in NT$ bn )
↑ 4.7%
↑ 7.2% 992.8
947.8
699.8 750.4 ↑ 10.6% ↑ 6.8%
456.7
427.6
339.7 375.7
↑ 3.6% 168.5
155.1
Overseas Overseas
309.9 321.2
3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25
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 Mix (in NT$ bn) QoQ Loan Book Mix (in NT$ bn) QoQ Loan Book Mix (in NT$ bn)
QoQ
2,570.0 2,642.9 2,671.3 2,655.4
2,744.1		 ↑3.3%
699.8 720.6 731.6 741.4 750.4 Mortgage ↑1.2%
947.8 960.6 954.8 978.3 992.8 SME
Large Corp.		 ↑1.5%
↑7.4%
427.6
339.7		 443.3
349.3		 458.4
342.8		 417.8
349.7		 456.7
375.7		 F/X ↑9.3%
155.1 169.1 183.7 168.2 168.5 Others
3Q24 4Q24 1Q25 2Q25 3Q25

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FB LDR, SPREAD &NIM

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Total Loan & LDR (in NT$ bn) Total Loan [1] LDR
69.08% 69.79% 69.59% 71.02% 71.11% 70.68% 70.03% 70.34% NTD 82.8%
F/X 43.0%
2,417.5 2,497.2 2,534.4 2,574.5 2,647.2 2,676.0 2,659.5 2,749.2
2023 1Q24 2Q24 3Q24 2024 1Q25 2Q25 3Q25
△
Loan-Deposit Spread / NIM Spread [2] NIM [2]
1.34%
1.21%
1.20% 1.18% 1.17%
1.11% 1.13%
1.11%
0.76%
0.70% 0.70% 0.68% 0.67% 0.67% 0.71% 0.71%
2023 1Q24 2Q24 3Q24 2024 1Q25 2Q25 3Q25
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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)
1.30% 1.29%
1.26% 1.26% 1.28%
2.37% 2.36% 2.35% 2.36% 2.37%
1.07% 1.07% 1.09% 1.10% 1.09%
3Q24 4Q24 1Q25 2Q25 3Q25
FX Rates & Spreads Overview
Deposit Rate (FX) Lending Rate (FX) Interest Spread (FX)
2.35%
2.21%
2.08% 2.06% 2.06%
6.33%
5.93%
5.57% 5.41% 5.30%
3.98%
3.72% 3.49% 3.35% 3.24%
3Q24 4Q24 1Q25 2Q25 3Q25
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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
1,061.5
1,032.5 +2.8% 63.31%
62.75%
62.08%
61.82%
△
Total
Deposit
3,823.7 bn
+5.5% YoY
2,592.4 +6.5% 2,762.2
3Q24 3Q25 1H24 2024 1H25 3Q25
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Major Exposures to Specific Industries

% of Loan to Industries Manufacturing (24.08%) Non-Manufacturing (75.92%)

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4.20% Petro. Construction 3.06%
Wholesale/Retail 9.53%
5.21% Metal
Real Estate 11.02%
5.74% Tech.
Transportation &
2.71%
4.01% Machinery Warehousing
Financial &
4.91%
Insurance
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FB Mortgage Book Mix

Mortgage Yield & LTV Ratio

% of Mortgage by Location

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Mortgage Yield
Mortgage NPL: 0.11%
Loan-to-value ratio of new mortgage
Avg. loan-to-value ratio
Taipei
Area
East Area
2.29% 2.28% 2.28% 2.30% 2.30% 2.9% 43.4%
64.82% 64.86% 64.87% 64.84% 64.79% Kaohsiung Area Taoyuan
11.2% Area
19.8%
48.61% 48.84% 48.83% 48.86% 48.80% Tainan Area
10.0%
Taichung Area
12.7%
3Q24 4Q24 1Q25 2Q25 3Q25
Monthly New Mortgage Lending (in NT$ mn) Monthly New Mortgage Lending
49,867
29,628 28,575
13,885
18,976 16,811 14,080 13,452
11,445 9,512
12,480 11,514 11,918 9,035 10,226 10,417 8,985 7,618
7M24 8M24 9M24 10M24 11M24 12M24 1M25 2M25 3M25 4M25 5M25 6M25 7M25 8M25 9M25
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FB Fee Income Breakdown

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Cumulative Net Fee Income (in NT$ mn) Net Fee Income Breakdown
Item 3Q24 3Q25 Change
9,684 WM Fee [1 ] 59.4% 67.4% +8.0%
+9.1%
8,879
Loan-related 25.8% 19.1% -6.7%
F/X 5.8% 5.3% -0.5%
Credit Card 3.1% 3.4% +0.3%
3Q24 3Q25
Other [2] 5.9% 4.8% -1.1%
Cumulative Net
Net Fee Income 100.0% 100.0%
Fee Income
Cumulative Net Fee Breakdown ( in NT$ mn )
↑ 23.7%
6,528
5,278
↓ 19.1%
2,290
1,852
514 514 278 332 519 458
3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25
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 2,797 3,083 3,323 3,174 3,187 ↑0.4%
fee income
208 167
87
132		 119
149		 126
177
95
207		 186
120		 650 180 167
Others1 172 565 166 577 625
Credit Card
F/X Related		 548 168 169 173
Loan Related 167
Wealth 857 1,121 1,219 1,150 1,024 Bancassurance
↓11.0%
Management2
Custodian
Mutual Fund
Bancassurance		 751 715 902 830 895 Mutual Fund
↑7.8%
3Q24 4Q24 1Q25 2Q25 3Q25

  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)
20,616
21,537
3Q24
3Q25
Cumulative Operating Expense
+4.5%		 Cost-to-Income(in NT$ mn)
Item
3Q24
3Q25
Net Revenue
48,445
50,075
Operating Expense
(20,616)
(21,537)
Provision(Net)
(4,155)
(3,609)
Income Tax
(4,231)
(4,378)
Net Income
19,443
20,551

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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% 44.38% 43.98%
42.06% 42.56% 43.01%
17,461 17,149 17,331
15,595 15,389 15,595
14,485
6,559 7,129 6,928 7,310 7,072 7,328 7,137
1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25
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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%
819.77% 801.27%
742.13% 745.24% 769.77%
0.18% 0.18% 0.18%
0.17% 0.17% 0.17%
0.16%
39,092
32,848 33,473 35,170 36,727 37,033 36,911
4,426 4,492 4,569 4,480 4,622 4,378 4,610
1Q24 2Q24 3Q24 2024 1Q25 2Q25 3Q25
1
Individual & Mortgage NPL Ratios Large Corp. & SME NPL Ratios
Individual Mortgage Large Corp. SME
0.15% 0.16% 0.17% 0.18% 0.17%
0.14%
0.12% 0.12%
0.10%
0.08%
0.10% 0.11% 0.11%
0.08%
0.07% 0.02%
0.00% 0.01% 0.00% 0.00%
3Q24 2024 1Q25 2Q25 3Q25 3Q24 2024 1Q25 2Q25 3Q25
----- End of picture text -----

  1. Individual: mortgage and non-mortgage loan included

24

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FB Overseas Profits

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

Overseas Pre-Tax Profits Mix FB Total Pre-Tax Profits Mix
3Q25 Total Pre-Tax Profits: NT$ 24,929 mn
25.54%
OBU/Greater China
North America
3Q25 Others, Domestic
46.01%
Overseas Asean 15.47% Market,
NT$ 7,145mn 71.34%
10.00% Others
OBU/Greater China,
18.45% 13.19%
Quarterly Overseas & Total PTP (in NT$ mn)
Overseas Total Cumulative Overseas PTP to FB Total PTP
23.97% 22.93% 27.67% 26.73% 26.93% 28.66%
8,455
7,997 8,573 7,901
7,804
5,569
3,010 1,672 2,662 2,260 2,326 2,559
2Q24 3Q24 4Q24 1Q25 2Q25 3Q25
----- End of picture text -----

25

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CAR & Core Capital

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

FFHC Group CAR
Group CAR Statutory CAR
132.50%
128.09% 130.05% 129.83%
126.05%
122.45%
100%
1H23 2H23 1H24 2H24 1H25 3Q25
FB CAR & Core Capital
FB CAR Tier 1
15.64%
15.38%
14.26% 14.56% 13.87% 14.45%
12.61% 13.14% 13.38%
12.32% 11.96% 12.29%
1H23 2H23 1H24 2H24 1H25 3Q25
----- End of picture text -----

26

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Appendix

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FFHC Consolidated Income Statement

FFHC Consolidated Income Statement Summary (in NT$ million)

==> picture [660 x 360] intentionally omitted <==

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

Full Year Results Year-over-Year Comparison
2021 2022 2023 2024 3Q24 3Q25 Change
Net interest income 34,588 37,969 32,525 31,234 23,388 25,249 8.0%
Net service fee & commission 10,383 9,409 10,187 12,782 9,309 9,993 7.3%
Net Insurance revenue 9,525 8,980 3,147 3,671 2,733 3,722 36.2%
Gain on financial assets meas. 3,356 3,271 19,205 19,237 15,365 15,579 1.4%
at fair value through P/L
Real estate investment gain 185 190 212 540 469 165 -64.8%
Gain on financial assets at fair value 3,176 1,984 584 1,672 2,043 2,787 36.4%
through other compre. income
Income from equity invest. 100 76 155 127 103 42 -59.2%
Excluding gain on fin. assets measured at amort.cost (10) (68) (409) (537) (207) (294) 42.0%
Reserve of overlay approach (43) 237 (235) (441) (365) 721 -
Net gain on F/X 877 5,300 1,158 3,535 2,162 (805) -
Assets impairment loss 67 (6) (50) (155) (143) 130 -
Others 400 414 776 454 524 645 23.1%
Net Revenue 62,604 67,756 67,255 72,119 55,381 57,934 4.6%
Net Provision for credit losses (3,621) (6,577) (5,818) (5,763) (4,165) (3,679) -11.7%
Recovered(provided) for insurance res. (9,275) (8,906) (2,793) (2,614) (1,812) (2,629) 45.1%
Operating Expense (26,275) (27,786) (30,382) (32,505) (24,043) (25,081) 4.3%
Income from continued op. before tax 23,433 24,487 28,262 31,237 25,361 26,545 4.7%
Income tax expenses (3,694) (3,891) (5,801) (5,878) (4,553) (4,846) 6.4%
Consolidated net income 19,739 20,596 22,461 25,359 20,808 21,699 4.3%
Other Items (4,847) (8,056) 12,440 5,659 7,485 6,049 -19.2%
Comprehensive Income 14,892 12,540 34,901 31,018 28,293 27,748 -1.9%
EPS1(NT$) 1.49 1.51 1.60 1.81 1.45 1.51 4.1%
----- End of picture text -----

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

28

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FFHC Non-consolidated Income Statement

FFHC Non-Consolidated Income Statement Summary in NT$ million

Full Year Results Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021 2022 2023 2024 3Q24 3Q25 Change
Operating revenues 20,333 21,270 23,514 26,359 21,561 22,768 5.6%
Income from long-term investment 20,163 21,094 23,318 26,124 21,330 22,557 5.8%
Other income 170 176 196 235 231 211 -8.7%
Operating expenses (403) (413) (440) (485) (375) (399) 6.4%
Other expenses and losses (184) (267) (381) (465) (328) (413) 25.9%
Income from continued op. before tax 19,747 20,590 22,693 25,409 20,858 21,956 5.3%
Net income 19,739 20,596 22,461 25,359 20,808 21,699 4.3%
EPS1(NT$) 1.49 1.51 1.60 1.81 1.45 1.51 4.1%
  1. EPS is adjusted retroactively for stock dividends paid the next year.

29

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FFHC Balance Sheet

FFHC Balance Sheet Summary in NT$ million or million shares

in NT$ million or million shares
Full Years Results Year-over-Year Comparison
2021
2022
2023
2024		 3Q24 3Q25 Change
No n-consolidated Balance Sheet Data
Lo
To
To
To
Co
To
To
To
Cu		 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		 293,710
301,541
36,381
265,160
4,647,219
4,382,059
265,160
140,287		 319,188
327,399
45,354
282,045
4,919,623
4,637,578
282,045
143,795		 8.7%
8.6%
24.7%
6.4%
5.9%
5.8%
6.4%
2.5%

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		 3Q24 3Q25 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%		 0.61%
10.80%		 0.60%
10.52%		 -1.6%
-2.6%
B
C		 o
a		 ok
pit		 Per Share (NT$)
al Stock (NT$ million)		 17.32
16.95
18.24
19.10
129,642
132,234
136,201
140,287		 18.90
140,287		 19.61
143,795		 3.8%
2.5%
D o ub le leverage 108.75%
110.38%
110.73%
111.97%		 112.00% 114.39% 2.1%
G r ou p CAR 130.35%
125.16%
130.05%
126.05%		 128.50% 132.50% 3.1%
De e bt 9.82%
10.97%
11.45%
11.80%		 12.07% 13.85% 14.7%
  1. Non-consolidated basis

31

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- FB Non consolidated Income Statement

FB Non-Consolidated Income Statement Summary in NT$ million
Non-Consolidated Income Statement Summary
T$ million
Full Year Results Year-over-Year Comparison
2021
2022
2023
2024		 3Q24 3Q25 Change
Net i
Net f
Net g
Net g
Net g		 nterest income
ee income
ain on ST invest.
ain on LT invest.
ain on other fin. products		 32,263
35,001
29,245
27,888
7,969
8,103
8,919
11,962
1,014
1,411
1,228
1,107
763
1,062
1,104
1,316
4,516
8,518
17,684
19,814		 20,875
8,879
1,066
1,200
15,640		 22,789
9,684
1,076
1,312
14,584		 9.2%
9.1%
0.9%
9.3%
-6.8%
Othe
Net r
Oper		 r net income
evenue
ating expenses		 337
389
540
843
46,862
54,484
58,720
62,930
(22,379)
(24,210)
(26,329)
(27,926)		 785
48,445
(20,616)		 630
50,075
(21,537)		 -19.7%
3.4%
4.5%
Pre-
Prov
Adj
Inco
Inc
Net i		 provisiion pre-tax profit
ision expense
ustment: bad-debt recovery
me before tax
ome tax
ncome		 24,483
30,274
32,391
35,004
(6,578)
(9,025)
(11,305)
(9,521)
3,013
2,539
5,542
3,760
20,918
23,788
26,628
29,243
(3,266)
(3,460)
(5,102)
(5,437)
17,652
20,328
21,526
23,806		 27,829
(6,351)
2,196
23,674
(4,231)
19,443		 28,538
(6,054)
2,445
24,929
(4,378)
20,551		 2.5%
-4.7%
11.3%
5.3%
3.5%
5.7%
Oth
Com		 er items
prehensive income		 (4,425)
(3,945)
8,526
5,336
13,227
16,382
30,052
29,142		 6,932
26,375		 6,343
26,894		 -8.5%
2.0%
EPS (NT$) 1.86
1.99
1.95
2.16		 1.76 1.67 -5.1%
bject to final Reviewed
n-consolidated basis
  1. Non-consolidated basis

32

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FB Key Ratios

FB Key Ratios

==> picture [648 x 292] intentionally omitted <==

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

Full Year Results Year-over-Year Comparison
2021 2022 2023 2024 3Q24 3Q25 Change
Loan to deposit spread 1.41% 1.48% 1.34% 1.17% 1.18% 1.13% -4.2%
Net Interest Margin 1.01% 0.99% 0.76% 0.67% 0.68% 0.71% 4.4%
Cost to income ratio 47.76% 44.44% 44.84% 44.38% 42.56% 43.01% 1.1%
Loan to deposit ratio 69.55% 70.60% 69.08% 71.11% 71.02% 70.34% -1.0%
NPL ratio 0.20% 0.18% 0.17% 0.17% 0.18% 0.17% -5.6%
Domestic NPL ratio 0.19% 0.19% 0.14% 0.12% 0.11% 0.13% 18.2%
Overseas NPL ratio 0.24% 0.10% 0.35% 0.42% 0.56% 0.39% -30.4%
Coverage ratio 620.31% 709.24% 826.96% 819.77% 769.77% 847.89% 10.1%
CAR 14.21% 13.76% 14.56% 14.45% 14.68% 15.64% 6.5%
Tier-1 12.48% 11.80% 12.61% 12.29% 12.47% 13.38% 7.3%
ROAA (Annualized) 0.51% 0.53% 0.52% 0.54% 0.59% 0.59% 0.0%
ROAE (Annualized) 7.97% 8.95% 8.89% 8.99% 9.84% 9.55% -2.9%
----- End of picture text -----

  1. Non-consolidated basis

33

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FB Loan Quality

FB NPL Migration in NT$ million

Full Year Results 2025 Quarterly Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2023
2024		 Q1
Q2
Q3		 3Q24 3Q25 Change
NPL
Ne


Ne
NPL
Allow
Pr
Ne
Ot
Allow
Rec		 - beginning
t new NPL influx
Domestic
Overseas
t write-offs
- ending balance
ance for loan loss- beginning
ovisions for loan loss
t write-offs
hers
ance for loan loss- ending
overy from bad debt		 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		 4,480
4,622
4,378
871
957
1,152
938
605
1,091
(67)
352
61
(729)
(1,201)
(920)
4,622
4,378
4,610
36,727
37,033
36,911
1,021
1,605
2,931
(729)
(1,201)
(920)
14
(526)
170
37,033
36,911
39,092
982
549
915		 4,099
6,102
2,016
4,086
(5,632)
4,569
33,897
6,802
(5,632)
103
35,170
2,196		 4,480
2,980
2,634
346
(2,850)
4,610
36,727
5,557
(2,850)
(342)
39,092
2,445		 9.3%
-51.2%
30.7%
-91.5%
-49.4%
0.9%
8.3%
-18.3%
-49.4%
-
11.2%
11.3%
Do
O
Cr		 mestic
verseas
edit card		 3,405
1,940
2,083
1,765
54
55		 938
466
451
28
66
446
16
17
18		 1,328
828
40		 1,854
540
51		 39.6%
-34.8%
27.5%
1. N on-consolidated basis

34

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First Sec. Operating Results

First Sec Income Statement Summary in NT$ million

Full Year Results Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021
2022
2023
2024		 3Q24 3Q25 Change
-8.6%
-14.6%
13.3%
-48.4%
0.5%
13.2%
-2.5%
29.1%
-13.9%
20.3%
-18.8%
Tot
Br
Ne
Un
Tr
Ot
Tot
Non
Inco
Inco		 al operating income
okerage commission
t interest income
derwriting commission
ansaction gains through F/V, net
her operating income
al operating expenses
-operating income
me before tax
me tax		 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)		 2,440
1,597
196
64
386
197
(1,462)
86
1,064
(133)		 2,230
1,364
222
33
388
223
(1,425)
111
916
(160)
Net income 1,496
403
978
1,183		 931 756
-3.39%
-0.85%
-0.04%
0.05%
Firs t Sec Key Ratios
RO AE (Annualized) 19.79%
5.22%
12.26%
13.11%		 13.99% 10.60%
RO AA (Annualized) 4.18%
1.19%
3.01%
2.86%		 2.97% 2.12%
Bro
Mar		 kerage market share
gin loan market share		 1.43%
1.38%
1.34%
1.26%
2.30%
2.35%
2.29%
2.18%		 1.27%
2.18%		 1.23%
2.23%
  1. Non-consolidated basis

35

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FSITC Operating Results

==> picture [658 x 298] intentionally omitted <==

36

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

First Life Operating Results

First Life Financial Results Summary in NT$ million

Full Year Results Year-over-Year Comparison Year-over-Year Comparison Year-over-Year Comparison
2021
2022
2023
2024		 3Q24 3Q25 Change
Ope
Pr
Ot
Ne
Ope
R
R
C
C
O
Ope		 rating Revenue
emium Income
her insurance income
t Investment Income
rating Cost
einsurance commission
eserves
laims
ommission
thers
rating Expenses		 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)		 11,924
9,702
152
2,070
10,778
96
1,830
6,835
2,016
1
(766)		 12,884
10,719
100
2,065
11,484
125
2,651
6,830
1,877
1
(835)		 8.1%
10.5%
-34.2%
-0.2%
6.6%
30.2%
44.9%
-0.1%
-6.9%
0.0%
9.0%
Prof it/Loss Before Tax 601
145
401
486		 380 565 48.7%
Inco me tax (1)
(83)
35
95		 93 119 28.0%
Net Income after tax 600
62
436
581		 473 684 44.6%
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%		 10.91%
0.68%		 14.15%
0.95%		 29.7%
39.7%

37

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

Q&A

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