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First Financial Holding Co. Ltd. Interim / Quarterly Report 2026

Jun 18, 2026

52222_rns_2026-06-18_bbbc2f5a-8e2b-4105-8933-93b28786c731.pdf

Interim / Quarterly Report

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First Financial Holding Co., Ltd.

GS 2026 Jun Asia Financials Corporate Day

First Financial Holdings

1Q26 Earnings Results

Juan 26, 2026

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2

First Financial Holding Co., Ltd.

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, 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 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.

First Financial Holding Co., Ltd.

Contents

  • Company Overview
  • At a Glance
  • Financial Highlights
  • Operating Results
  • Appendix

Company Overview

First Financial Holding Co., Ltd.

Company Overview

  • FFHC (TPE: 2892), a bank-centric financial holding company with about 90% of income from the bank. Nevertheless, non-banks grew steadily in recent years, aiming at 15% profit share target of Group's income. Through its subsidiaries, FFHC accepts deposits, extends loans and provides wealth management, securities brokerage, asset management, insurance services, etc.
  • One of the D-SIBs with strong deposit franchise. Top SME lender with market share over 9%; overseas operations contributing to nearly 30% bank's pre-tax profits as of end of 2025.
  • Robust wealth management business. Income from wealth management attributed to 70% of bank's total fee income. Bank has been a top player in serving high-net-worth individuals.

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Dividend Payout (in NT$)
2022 2023 2024 2025
EPS 1.56 1.65 1.81 1.87
Total divd. 1.10 1.15 1.20 1.30
Stock divd. 0.30 0.30 0.25 0.00
Cash divd. 0.80 0.85 0.95 1.30
Cash payout 51.3% 51.5% 52.5% 69.5%

At a Glance

7

First Financial Holding Co., Ltd.

Best First Quarter Performance

  • FFHC reported record 1Q earnings for the same period, underpinned by robust momentum from bank and securities arms

Group Net income for the quarter rose 26.5% YoY to NT$8,244 mn, with flagship subsidiary First Bank's results up 11.7% to NT$7,573 mn and First Securities surged an impressive 325.8% to NT$511 mn, bringing total earnings contributions from non-bank subsidiaries reached 12%, compared to 9% a year ago.

  • Bank profits driven by elevated NII and fee income

1Q26 NII rose 22.3% YoY and fee income grew 13.7% YoY, more than offsetting lower SWAP gains. Asset quality remained benign with NPL at 0.16% and coverage ratio up to 865.23%.

  • Strong loan growth

Total loan grew by 10.8% YoY on tech boom. SME, FX and large corporate lending grew by 8.2%, 17.3% and 10.5% YoY respectively given on-going corporate CAPEX and working capital demand.

  • Proposed a cash dividend of NT$1.30 per share

For 2025 earnings distributions, the FFHC Board has proposed a cash dividend of NT$1.30 per share, equivalent to a cash payout ratio of 69.5%, for shareholders' proval at 2026 AGM.

Financial Highlights

9

First Financial Holding Co., Ltd.

FFHC Key Figures

Net Income Breakdown (in NT$ mn)

  • Lifer
    NT$153; 1.8%
  • Investment Trust
    NT$78; 0.9 %
  • Securities
    NT$511; 5.9%
  • AMC
    NT$78; 0.9%

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  • Others
    (VC+Consulting)
    NT$260; 3.0%
  • Bank
    NT$7,573; 87.5%

Key Figures (in NT$, NT$ mn)

1Q25¹ 1Q26 YoY %
Consolidated Net Income 6,518 8,244 +26.5%
Comprehensive Income 8,685 8,768 +1.0%
Total Assets 4,787,163 5,146,398 +7.5%
EPS 0.45 0.57 +26.7%
Book Per Share 19.83 20.70 +4.4%
Capital Stock 140,287 143,795 +2.5%
ROAE 9.56% 11.16% +16.7%
ROAA 0.56% 0.64% +14.3%
Group CAR² 133.09% 128.80% -3.2%
Double Leverage³ 111.61% 114.16% +2.3%
  1. All figures were based on IFRS17 except for Group CAR.
  2. The figure of 1Q25 was based on IFRS4, while the figure of 1Q26 was based on IFRS17.
  3. Double leverage = equity investment / shareholder equity

First Financial Holding Co., Ltd.

FFHC Net Income & Comprehensive Income

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1Q26 Consolidated Net Income & Comprehensive Income (in NT$ mn)

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1Q25 Consolidated Net Income & Comprehensive Income (in NT$ mn) 1

  1. The figures of 1Q25 were based on IFRS17.

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First Financial Holding Co., Ltd.

Net Income Breakdown by Subsidiaries¹

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1Q26 Net Income By Subsidiaries (in NT$ mn)

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1Q25 Net Income By Subsidiaries (in NT$ mn)²

  1. Major 5 subsidiaries were listed.
  2. The figures of 1Q25 FFHC & First Life were based on IFRS17.

Operating Results

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First Financial Holding Co., Ltd.

FFHC'S & First Bank's Profitability

  • After Tax

FFHC Net Income & ROAE (in NT$ mn) 1

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Cumulative Net Income Annualized ROAE

First Bank Net Income & ROAE (in NT$ mn)

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Cumulative Net Income Annualized ROAE

  1. Only figures of 3M26 were based on IFRS17, and all other figures were based on IFRS4.

First Financial Holding Co., Ltd.

FB Pre-tax Profits Breakdown

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Cumulative Net Revenue (in NT$ mn)

% of Net Revenue

Item 1Q25 1Q26 Change
NII 45.7% 50.9% +5.2%
Net Fee 21.3% 22.1% +0.8%
Gain on ST Invest. 0.1% 1.4% +1.3%
Gain on LT invest. 0.7% 0.8% +0.1%
Gain on Fin. Products 30.6% 21.4% -9.2%
Others 1.6% 3.4% +1.8%
Total Net Revenue 100.0% 100.0%
Provision Expense (net) -0.4% -5.1% -4.7%
Operating Expense -45.4% -41.2% +4.2%
Income Before Tax 54.2% 53.7% -0.5%

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Pre-tax Profit Breakdown (in NT$ mn)

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First Financial Holding Co., Ltd.

FB Loan Book Mix

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Loan Book (in NT$ bn)

% of Loan Book Mix

Item 1Q25 1Q26 Change
Consumer 31.3% 30.6% -0.7%
Mortgage 27.4% 26.1% -1.3%
Other Consumer Loan 3.9% 4.5% +0.6%
Corporate Banking 68.7% 69.4% +0.7%
Large Corp. Loan 12.8% 12.8% 0.0%
SME Loan² 35.8% 34.9% -0.9%
F/X Loan 17.2% 18.2% +1.0%
--- Overseas 12.3% 12.3% 0.0%
Gov./ SOE Loan 2.9% 3.5% +0.6%
Loan Book¹ 100.0% 100.0%

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Loan Book Mix (in NT$ bn)

  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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First Financial Holding Co., Ltd.

FB Loan Book Mix -QoQ Comparison

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QoQ Loan Book Mix (in NT$ bn)

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First Financial Holding Co., Ltd.

FB LDR, SPREAD &NIM

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  1. Total Loan = loan + import/export negotiation + NALs
  2. Annual cumulative average spread and NIM

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First Financial Holding Co., Ltd.

FB Loan Yields, Costs & Spreads

NTD Rates & Spreads Overview

  • Deposit Rate (NTD)
  • Lending Rate (NTD)
  • Interest Spread (NTD)

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FX Rates & Spreads Overview

  • Deposit Rate (FX)
  • Lending Rate (FX)
  • Interest Spread (FX)

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*All rates are quarterly average rates.

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First Financial Holding Co., Ltd.

FB Deposit Mix

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First Financial Holding Co., Ltd.

Major Exposures to Specific Industries

% of Loan to Industries

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Manufacturing (23.04%)

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Non-Manufacturing (76.96%)

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First Financial Holding Co., Ltd.

FB Mortgage Book Mix

Mortgage Yield & LTV Ratio

☐ Mortgage Yield
△ Loan-to-value ratio of new mortgage
☐ Avg. loan-to-value ratio

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% of Mortgage by Location

Mortgage NPL: 0.07%

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Monthly New Mortgage Lending (in NT$ mn)

Monthly New Mortgage Lending

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First Financial Holding Co., Ltd.

FB Fee Income Breakdown

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Cumulative Net Fee Income (in NT$ mn)

Net Fee Income Breakdown

Item 1Q25 1Q26 Change
WM Fee^{1} 68.8% 70.9% +2.1%
Loan-related 19.6% 17.2% -2.4%
F/X 5.0% 4.2% -0.8%
Credit Card 2.6% 3.0% +0.4%
Other^{2} 4.0% 4.7% +0.7%
Net Fee Income 100.0% 100.0%

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Cumulative Net Fee Breakdown (in NT$ mn)

  1. WM Fee = fund Sales + bancassurance + custodian
  2. Channel fees charged by branches (overseas branches included)

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First Financial Holding Co., Ltd.

FB Fee Income Breakdown

-QoQ Comparison

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  1. Channel fees charged by branches (overseas branches included)
  2. WM Fee = fund sales + bancassurance + custodian

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First Financial Holding Co., Ltd.

FB Cost-to-Income Ratio

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Cumulative Operating Expense (in NT$ mn)
Cumulative Operating Expense

Cost-to-Income (in NT$ mn)

Item 1Q25 1Q26
Net Revenue 15,595 17,104
Operating Expense (7,072) (7,056)
Provision(Net) (68) (870)
Income Tax (1,677) (1,605)
Net Income 6,778 7,573

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Quarterly Operating Expense & Cumulated Cost-to-Income Ratio (in NT$ mn)

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First Financial Holding Co., Ltd.

FB Asset Quality

NPL, NPL Reserve, Coverage Ratio, NPL Ratio (in NT$ mn)

▲ Coverage Ratio □ NPL Ratio ■ NPL ■ NPL Reserve

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Individual¹ & Mortgage NPL Ratios

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  1. Individual: mortgage and non-mortgage loan included

Large Corp. & SME NPL Ratios

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First Financial Holding Co., Ltd.

FB Overseas Profits

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Overseas Pre-Tax Profits Mix

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FB Total Pre-Tax Profits Mix
1Q26 Total Pre-Tax Profits: NT$ 9,178 mn

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Quarterly Overseas & Total PTP (in NT$ mn)

■ Overseas
■ Total
○ Cumulative Overseas PTP to FB Total PTP

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First Financial Holding Co., Ltd.

CAR & Core Capital

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FFHC Group CAR 1

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FB CAR & Core Capital

  1. Only figure of 1Q26 was based on IFRS17, and all other figures were based on IFRS4.

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First Financial Holding Co., Ltd.

Shareholder Return

FFHC Earnings Per Share (in NT$)

  • EPS
  • Dividend
1.52 1.56 1.65 1.81 1.87
1.20 1.10 1.15 1.20 1.30
2021 2022 2023 2024 2025

FFHC Dividend History (in NT$)

2021 2022 2023 2024 2025
Cash dividend 1.00 0.80 0.85 0.95 1.30
Stock dividend 0.20 0.30 0.30 0.25 0.00
Total dividend 1.20 1.10 1.15 1.20 1.30
Cash Payout ratio 65.8% 51.3% 51.5% 52.5% 69.5%
  • EPS was not adjusted retroactively.

Appendix

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First Financial Holding Co., Ltd.

FFHC Consolidated Income Statement

FFHC Consolidated Income Statement +I8:P29Summary (in NT$ million or %)

Full Year Results² Year-over-Year Comparison³
2022 2023 2024 2025 1Q25 1Q26 Change
Net interest income 37,969 32,525 31,234 34,681 7,956 9,664 21.5%
Net service fee & commission 9,409 10,187 12,782 13,817 3,680 4,676 27.1%
Insurance service result 8,980 3,147 3,671 5,384 288 336 16.7%
Gain on financial assets meas. at fair value through P/L 3,271 19,205 19,237 19,664 3,729 3,659 -1.9%
Real estate investment gain 190 212 540 226 41 48 17.1%
Gain on financial assets at fair value through other compre. income 1,984 584 1,672 2,808 33 74 124.2%
Income from equity invest. 76 155 127 (22) 25 41 64.0%
Excluding gain on fin. assets measured at amort.cost (68) (409) (537) (413)
Reserve of overlay approach 237 (235) (441) 713
Net investment income/loss from separate account insurance products 137 (75) --
Net finance income/expense from insurance contracts issued (597) (407) -31.8%
Net finance income/expense from reinsurance contracts held (1) (1) 0.0%
Net gain on F/X 5,300 1,158 3,535 418 783 768 -1.9%
Assets impairment loss (6) (50) (155) 120 91 (9) --
Others 414 776 454 198 181 523 189.0%
Net Revenue 67,756 67,255 72,119 77,594 16,346 19,297 18.1%
Net Provision for credit losses (6,577) (5,818) (5,763) (6,382) (71) (899) 1166.2%
Recovered(provided) for insurance res. (8,906) (2,793) (2,614) (4,056) (0) --
Other operating cost from insurance (59) (187) 216.9%
Operating Expense (27,786) (30,382) (32,505) (33,707) (8,010) (8,175) 2.1%
Income from continued op. before tax 24,487 28,262 31,237 33,449 8,206 10,036 22.3%
Income tax expenses (3,891) (5,801) (5,878) (6,516) (1,688) (1,792) 6.2%
Consolidated net income 20,596 22,461 25,359 26,933 6,518 8,244 26.5%
Other Items (8,056) 12,440 5,659 11,136 2,167 524 -75.8%
Comprehensive Income 12,540 34,901 31,018 38,069 8,685 8,768 1.0%
EPS¹(NT$) 1.51 1.60 1.76 1.87 0.45 0.57 26.7%
  1. EPS is adjusted retroactively for stock dividends paid the next year.
  2. The figures of full year results were based on IFRS4.
  3. The figures of yoy comparison were based on IFRS17.

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First Financial Holding Co., Ltd.

FFHC Non-consolidated Income Statement

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

Full Year Results² Year-over-Year Comparison³
2022 2023 2024 2025 1Q25 1Q26 Change
Operating revenues 21,270 23,514 26,359 28,299 6,741 8,548 26.8%
Income from long-term investment 21,094 23,318 26,124 28,084 6,739 8,518 26.4%
Other income 176 196 235 215 2 30 1400.0%
Operating expenses (413) (440) (485) (526) (125) (137) 9.6%
Other expenses and losses (267) (381) (465) (583) (134) (167) 24.6%
Income from continued op. before tax 20,590 22,693 25,409 27,190 6,482 8,244 27.2%
Net income 20,596 22,461 25,359 26,933 6,518 8,244 26.5%
EPS¹(NT$) 1.51 1.60 1.76 1.87 0.45 0.57 26.7%
  1. EPS is adjusted retroactively for stock dividends paid the next year.
  2. The figures of full year results were based on IFRS4.
  3. The figures of yoy comparison were based on IFRS17.

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First Financial Holding Co., Ltd.

FFHC Balance Sheet

FFHC Balance Sheet Summary
in NT$ million or million shares

Full Years Result^{1} Year-over-Year Comparison^{2}
2022 2023 2024 2025 1Q25 1Q26 Change
Non-consolidated Balance Sheet Data
Long-term investment 244,673 271,903 296,683 330,702 306,986 336,262 9.5%
Total non-consolidated assets 251,732 280,569 303,714 339,367 315,592 350,359 11.0%
Total liabilities 27,609 32,125 35,828 47,000 37,439 52,713 40.8%
Total shareholders' equity 224,123 248,444 267,886 292,367 278,153 297,646 7.0%
Consolidated Balance Sheet Data
Total consolidated assets 4,157,196 4,429,410 4,704,422 5,041,754 4,787,163 5,146,398 7.5%
Total liabilities 3,933,073 4,180,966 4,436,536 4,749,387 4,509,010 4,848,752 7.5%
Total shareholders' equity 224,123 248,444 267,886 292,367 278,153 297,646 7.0%
Current shares outstanding 132,234 136,201 140,287 143,795 140,287 143,795 2.5%
  1. The figures of full year results were based on IFRS4.
  2. The figures of yoy comparison were based on IFRS17.

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First Financial Holding Co., Ltd.

FFHC Key Ratios

FFHC Key Ratios

Full Year Results² Year-over-Year Comparison³
2022 2023 2024 2025 1Q25 1Q26 Change
After-tax ROAA (Annualized ratio) 0.52% 0.52% 0.56% 0.55% 0.56% 0.64% 14.3%
After-tax ROAE (Annualized ratio) 9.18% 9.51% 9.82% 9.61% 9.56% 11.16% 16.7%
Book Per Share 16.95 18.24 19.10 20.33 19.83 20.70 4.4%
Capital Stock 132,234 136,201 140,287 143,795 140,287 143,795 2.5%
Double leverage 110.38% 110.73% 111.97% 114.32% 111.61% 114.16% 2.3%
Group CAR 125.16% 130.05% 126.05% 130.73% 133.09% 128.80% -3.2%
Debt Ratio¹ 10.97% 11.45% 11.80% 13.85% 11.86% 15.05% 26.9%
  1. Non-consolidated basis
  2. The figures of full year results were based on IFRS4.
  3. The figures of yoy comparison were based on IFRS17 except for 1Q25 Group CAR, which was based on IFRS4.

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First Financial Holding Co., Ltd.

FB Non-consolidated Income Statement

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

Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Net interest income 35,001 29,245 27,888 31,352 7,119 8,710 22.3%
Net fee income 8,103 8,919 11,962 13,059 3,323 3,778 13.7%
Net gain on ST invest. 1,411 1,228 1,107 1,124 18 236 1211.1%
Net gain on LT invest. 1,062 1,104 1,316 1,325 102 133 30.4%
Net gain on other fin. products 8,518 17,684 19,814 19,048 4,777 3,670 -23.2%
Other net income 389 540 843 656 256 577 125.4%
Net revenue 54,484 58,720 62,930 66,564 15,595 17,104 9.7%
Operating expenses (24,210) (26,329) (27,926) (28,843) (7,072) (7,056) -0.2%
Pre-provision pre-tax profit 30,274 32,391 35,004 37,721 8,523 10,048 17.9%
Provision expense (9,025) (11,305) (9,521) (9,270) (1,050) (1,514) 44.2%
Adjustment: bad-debt recovery 2,539 5,542 3,760 3,067 982 644 -34.4%
Income before tax 23,788 26,628 29,243 31,518 8,455 9,178 8.6%
Income tax (3,460) (5,102) (5,437) (5,855) (1,677) (1,605) -4.3%
Net income 20,328 21,526 23,806 25,663 6,778 7,573 11.7%
Other items (3,946) 8,526 5,336 5,336 2,236 (339) -
Comprehensive income 16,382 30,052 29,142 29,142 9,014 7,234 -19.7%
EPS1(NT$) 1.99 1.95 1.94 2.09 0.55 0.62 12.7%
  1. EPS is adjusted retroactively for stock dividends paid the next year.

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First Financial Holding Co., Ltd.

FB Key Ratios

FB Key Ratios Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Loan to deposit spread 1.48% 1.34% 1.17% 1.15% 1.11% 1.19% 7.21%
Net Interest Margin 0.99% 0.76% 0.67% 0.72% 0.67% 0.77% 14.93%
Cost to income ratio 44.44% 44.84% 44.38% 43.33% 45.35% 41.25% -9.04%
Loan to deposit ratio 70.60% 69.08% 71.11% 70.47% 70.68% 73.93% 4.60%
NPL ratio 0.18% 0.17% 0.17% 0.17% 0.17% 0.16% -5.88%
Domestic NPL ratio 0.19% 0.14% 0.12% 0.14% 0.14% 0.10% -28.57%
Overseas NPL ratio 0.10% 0.35% 0.42% 0.33% 0.34% 0.44% 29.41%
Coverage ratio 709.24% 826.96% 819.77% 862.04% 801.27% 865.23% 7.98%
CAR 13.76% 14.56% 14.45% 15.46% 15.30% 15.33% 0.20%
Tier-1 11.80% 12.61% 12.29% 13.22% 13.11% 13.15% 0.31%
ROAA (Annualized) 0.53% 0.52% 0.54% 0.55% 0.60% 0.60% 0.00%
ROAE (Annualized) 8.95% 8.89% 8.99% 8.79% 9.68% 9.72% 0.41%

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First Financial Holding Co., Ltd.

FB Loan Quality

FB NPL Migration in NT$ million or %

Full Year Results 2025 Quarterly Year-over-Year Comparison
2024 2025 Q1 Q2 Q3 Q4 1Q25 1Q26 Change
NPL- beginning 4,099 4,480 4,480 4,622 4,378 4,610 4,480 4,734 5.7%
Net new NPL influx 6,866 4,617 871 957 1,152 1,637 871 2,131 144.7%
Domestic 2,966 4,029 938 605 1,091 1,395 938 1,329 41.7%
Overseas 3,900 588 (67) 352 61 242 (67) 802 -
Net write-offs (6,485) (4,363) (729) (1,201) (920) (1,513) (729) (2,225) 205.2%
NPL- ending balance 4,480 4,734 4,622 4,378 4,610 4,734 4,622 4,640 0.4%
Allowance for loan loss- beginning 33,897 36,727 36,727 37,033 36,911 39,092 36,727 40,812 11.1%
Provisions for loan loss 9,179 8,643 1,021 1,605 2,931 3,086 1,021 1,466 43.6%
Net write-offs (6,485) (4,363) (729) (1,201) (920) (1,513) (729) (2,225) 205.2%
Others 136 (195) 14 (526) 170 147 14 94 571.4%
Allowance for loan loss- ending 36,727 40,812 37,033 36,911 39,092 40,812 37,033 40,147 8.4%
Recovery from bad debt 3,760 3,067 982 549 915 621 982 644 -34.4%
Domestic 1,940 2,411 938 466 451 556 938 550 -41.4%
Overseas 1,765 589 28 66 446 49 28 77 175.0%
Credit card 55 67 16 17 18 16 16 17 6.3%
  1. Non-consolidated basis

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First Financial Holding Co., Ltd.

First Sec. Operating Results

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

Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Total operating income 1,929 2,745 3,200 3,170 542 1,225 126.0%
Brokerage commission 1,382 1,499 2,051 2,009 391 816 108.7%
Net interest income 286 196 278 312 80 94 17.5%
Underwriting commission 78 54 192 101 9 5 -44.4%
Transaction gains through F/V, net (63) 687 447 496 22 270 1128.4%
Other operating income 246 309 232 252 40 40 0.0%
Total operating expenses (1,488) (1,714) (1,953) (1,990) (434) (656) 51.2%
Non-operating income 74 114 117 149 30 41 36.7%
Income before tax 515 1,145 1,364 1,329 138 610 342.0%
Income tax (112) (167) (181) (218) (18) (99) 450.0%
Net income 403 978 1,183 1,111 120 511 325.8%
First Sec. Key Ratios
ROAE (Annualized) 5.22% 12.26% 13.11% 11.53% 5.12% 20.12% 293.0%
ROAA (Annualized) 1.19% 3.01% 2.86% 2.22% 1.04% 3.44% 230.8%
Brokerage market share 1.38% 1.34% 1.26% 1.24% 1.22% 1.23% 0.8%
Margin loan market share 2.35% 2.29% 2.18% 2.21% 2.15% 2.16% 0.5%
  1. Non-Consolidated Basis

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First Financial Holding Co., Ltd.

FSITC Operating Results

FSITC Income Statement Summary
in NT$ million or %

Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Total operating income 649 707 786 851 203 255 25.6%
Management fee 629 692 756 825 199 242 21.6%
Sales service fee 20 15 30 26 4 13 225.0%
Operating expenses (552) (571) (609) (637) (151) (160) 6.0%
Non-operating income (1) 7 7 7 2 3 50.0%
Income before tax 96 143 184 221 54 98 81.5%
Income tax (20) (28) (36) (44) (11) (20) 81.8%
Net income 76 115 148 177 43 78 81.4%
FSITC Key Ratios
AUM 100,051 125,552 141,505 192,357 146,715 195,547 33.3%
AUM Ranking 15 14 14 13 14 13
  1. Non-consolidated basis

39

First Financial Holding Co., Ltd.

First Life Operating Results

First Life Income Statement Summary
in NT$ million or %

Year-over-Year Comparison
1Q25 1Q26 Change
Insurance Service Result 239 280 17.2%
Release of CSM 204 215 5.4%
Underwriting gain/loss 26 73 180.8%
Risk adjustment for non-financial risk 22 12 -45.5%
Net income/expense from reinsurance contracts held (13) (20) 53.8%
Net Financial Result (261) 31 -
Net investment result 263 587 123.2%
Net finance income/expense from insurance contracts issued (523) (555) 6.1%
Net finance income/expense from reinsurance contracts held (1) (1) 0.0%
Other Operating Result (125) (121) -3.2%
Profit/Loss Before Tax (147) 190 -
Income tax (26) (37) 42.3%
Net Income after tax (173) 153 -
Key Ratios
ROAE (Annualized) -8.56% 6.96% -
ROAA (Annualized) -0.72% 0.60% -
  • All figures were based on IFRS17.

First Financial Holding Co., Ltd.

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