Q4 2025 CTBC Financial Holding Co Ltd Earnings Call Transcript
Key Points
- CTBC Financial Holding Co Ltd (TPE:2891) achieved a record high after-tax net profit of TWD80.6 billion in 2025, marking a 12% year-over-year growth.
- The company's EPS reached TWD4.08, setting a new record high, and its ROE was 16.9%, the highest among all holding companies in Taiwan.
- CTBC Bank's after-tax net profit was TWD57.3 billion, up 16% YoY, with strong performance in core business areas such as deposits, loans, and fee income.
- Taiwan Life's FYP increased by more than 50% annually, indicating a return to steady growth in the life insurance business.
- CTBC Financial Holding Co Ltd (TPE:2891) has been recognized for its sustainability efforts, being included in the S&P Global Sustainability Yearbook for the seventh consecutive year and maintaining a Level A rating in CDP.
- Taiwan Life's after-tax net profit decreased by 3% YoY due to a one-off FX reserve allocation, impacting overall profitability.
- The company's trading and other revenue declined by 13% YoY, primarily due to a decrease in swap income.
- The cost of liabilities for Taiwan Life increased due to the high-interest-rate environment, impacting profitability.
- The adoption of IFRS 17 resulted in a decline in the equity-to-asset ratio from 8.1% to 7.5%, affecting financial stability.
- The company's hedging costs increased YoY, mainly due to the depreciation of the US dollar, impacting overall financial performance.
Welcome to CTBC Holding 2025 Q4 Earnings Call. Today's meeting will be chaired by Rachael Kao, President of CTBC Holding. Also present are Megan Hsu, CFO of CTBC Holding; Pai Hung Yeh, CSO of Taiwan Life; and Justine Shen, Head of IR of CTBC Holding. (Operator Instructions).
Thank you for your cooperation. Now I'd like to hand over the floor to the President.
Good afternoon, dear investors and media guests. Thank you for taking the time to attend CTBC Holdings earnings call for 2025. Today, I'd like to first talk about our performance last year and then share our outlook for 2026 and also our latest progress in sustainable development. In 2025, CTBC Holding delivered a very impressive performance. After-tax net profit, TWD80.6 billion, a record high, and it grew by 12% YoY.
EPS reached TWD4.08, also a new record high. Last year, our ROE was 16.9%, ranking the highest among all the holding companies in Taiwan. These demonstrate that CTBC Holding not only
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