Far Eastern International Bank · TWSE:2845
Far Eastern International Bank — Q4 2024 Earnings Presentation
23 slides from Far Eastern International Bank's earnings presentation, Apr 1, 2025
Slide 1: Investor Conference 4Q'2024
Investor Conference 4Q’2024 4/1’2025
Slide 2: Far Eastern Group
Far Eastern Group Established in 1937 Span over 10 major industries 9 public listed companies in Taiwan and HK Total Asset of NT$ 3,409 Bn. (4Q’24) Petrochemical & energy Polyester & synthetic fiber Cement & building material Retail & department store Financial services – 11 companies in ope
Slide 3: Contents
Contents 2023 2024Financial FinancialHighlights Highlights 2023 2025Financial Highlights Key Strategies 3
Slide 4: Highlights
Highlights Scale expansion Total assets grew significantly by 8%, comparable to industry trend. Profitability resilience EPS stayed above NT$1. Financial strength Better asset quality, NPL % continuously lower than industry norm. CET 1% continuously better than industry average. Digitalizati
Slide 5: Assets & Net Worth
Assets & Net Worth Assets Net Worth (NT$Bn) (NT$Bn) YoY YoY +7.7% YoY +7.0% YoY +4.0% 853 +7.1% 793 741 38 61 37 64 59 48 55 33 44 262 18 18 240 16 225 468 489 41 41 43 438 -2 -0.2 -0.1 YE'22 YE'23 YE'24 YE'22 YE'23 YE'24 Loan Investment Cash & Deposit AR & Others Capital + Capital Sur
Slide 6: Loans & Deposits
Loans & Deposits Gross Loan Deposit (NT$Bn) (NT$Bn) YoY YoY YoY YoY +4.5% +5.8% +6.7% +8.8% 495 699 474 661 444 607 15% 21% 23% 14% 22% 13% 9% 7% 9% 31% 29% 36% 33% 36% 36% 11% 13% 12% 13% 13% 15% 14% 43% 40% 42% 20% 24% 20% YE'22 YE'23 YE'24 YE'22 YE'23 YE'24 Local Corp Local SME Overseas
Slide 7: Asset Quality
Asset Quality NPL Ratio NPL Coverage Ratio Loan Coverage Ratio 0.36% 1968% 1.39% 1.38% 1.36% 1192% 0.14% 907% 1.36% 0.15% 1.29% 1.28% 0.15% 392% 931% 969% 0.11% 0.07% YE'22 YE'23 YE'24 YE'22 YE'23 YE'24 YE'22 YE'23 YE'24 Industry FEIB Source: FSC report 7 Industry: 37 commercial banks (exc
Slide 8: Revenue & PPOP
Revenue & PPOP Revenue PPOP (NT$Bn) (NT$Bn) YoY YoY YoY YoY +9.0% +0.5% +10.8% -4.5% 12.8 12.9 5.2 11.7 4.7 5.0 0.6 0.5 0.4 1.8 3.1 3.5 +12.9% 2.5 2.6 3.0 +14.2% 7.0 6.5 5.9 (9%) 2022 2023 2024 2022 2023 2024 NII Fee Trading Other 8 Source: Consolidated report
Slide 9: More of NII YoY Change
More of NII YoY Change Loan & Deposits NII & Funding SWAP (NT$Bn) 22% 19% 13% 13% 81% 78% 8.0 87% 87% Loan 1 Deposit 2 3 Loan 4 Deposit 2023 2024 1.5 FCY NTD 1.3 1.5 4.0 Gross L-D ratio 7.0 6.5 5.9 1.0 73.12% 72.25% 72.09% 0.3 0.5 71.44% 71.72% 0.0 70.86% 2022 2023 2024 YE'22 2022 YE'23 20
Slide 10: Fee Income & Trading Income
Fee Income & Trading Income Fee Income Trading Income (NT$Bn) (NT$Bn) YoY YoY YoY +12.9% +14.2% +4.7% 3.5 3.0 3.1 0.3 +52% 2.5 2.6 0.2 0.4 (9%) 0.6 0.4 0.6 0.7 1.8 1.3 +33% 1.0 0.4 2.4 +19% 1.8 2.0 0.8 1.5 1.5 (0.8%) 0.6 -0.03 2022 2023 2024 2022 2023 2024 Credit Derivatives Derivatives Re
Slide 11: Provisions & Income Before Tax
Provisions & Income Before Tax Provision Cost IBT (NT$Bn) (NT$Bn) YoY YoY YoY YoY +3.5% -0.7% -74.2% +12.3% 4.7 4.9 4.2 0.9 1.0 0.7 0.5 0.5 0.5 0.4 0.5 0.2 2022 2023 2024 2022 2023 2024 Gross Provision cost Recovery Net Provision Cost 11 Source: Consolidated report
Slide 12: Profitability & Valuation
Profitability & Valuation EPS BVPS (NT$/Share) (NT$/Share) YoY YoY YoY YoY +3.0% +7.1% -1.0% -1.9% 14.47 14.33 1.03 1.01 1.00 13.51 2022 2023 2024 YE'22 YE'23 YE'24 Source: Management report / Consolidated report Note: The 2024 dividend is yet to be approved by the shareholders' meeting 12 EPS*:
Slide 13: Capital Adequacy
Capital Adequacy CET1 (unconsolidated) BIS (unconsolidated) 11.98 15.28 11.91 15.08 11.82 (%) 14.90 (%) 11.63 11.87 11.82 15.03 14.60 14.62 14.44 11.05 2022 2023 3Q'24 2024 2022 2023 3Q'24 2024 Industry FEIB Source: FSC report / Management report 13 Industry: 34 commercial banks (excluding E
Slide 14: Dividends
Dividends EPS & Dividend Cash dividend yield (NT$/Share) = Cash dividend / Avg. stock price of the year of earnings (EPS*) $1.00 $1.03 $1.01 4.35% 0.506 3.61% 3.51% 0.25 0.00 0.506 0.50 0.41 2022 2023 2024 2022 2023 2024 Cash Stock Reserved earnings Source: Management report / Consolidated
Slide 15: Contents
Contents 2023 2024Financial FinancialHighlights Highlights 2023 2025Financial Highlights Key Strategies 15
Slide 16: 2025 Goals
2025 Goals Assets Gross Loans (NT$Bn) (NT$Bn) YoY +5% YoY +3% 518 474 495 2023 2024 2025* Deposits YoY 879 (NT$Bn) +3% 853 793 699 721 661 2023 2024 2025 * 2023 2024 2025 * 16 *2025 Budget
Slide 17: Key Strategies
Key Strategies Expand business scale Loan & deposit are the key growth focus. 2025 Full-fledged business growth, to diversify revenue drivers (such as more fee & trading income) continues. External growth by consolidating FEG affiliates or through external M&A remains an option for aggressive
Slide 18: AI implication
AI & Digital Transformation AI implication AI customer service Bankee’s new business Xiaole 2.0 with Generative AI B2B payment Cross-border collection & KYC screening in new payment account opening Working capital loan Tx monitoring in VASP Bankee deposit in 2025 payment process
Slide 19: ESG Sustainability Actions
ESG Sustainability Actions Business ethics steering Internal carbon committee pricing Dedicated fraud detection & prevention CDP questionnaire Department & ranking Green power Customer fair procurement treatment SBTi Board of directors structure ESG investment Green lending ESG Fun
Slide 20: Contents: Appendix
Contents 2023Appendix Financial Highlights 20
Slide 21: Financial Highlights
Contents (NT$ m, except percentages and per share data) As of or for 12 months ended December 31 (Consolidated) 2022 2023 2024 YoY Key balance sheet items Total assets 740,540 792,504 853,463 7.7% Gross loans 444,082 473,824 495,151 4.5% Deposits and remittances 607,424 660,748 698,869 5.8% Total sh
Slide 22: THANK YOU
& PEC LiLes i Far Eastern Int'l Bank THANK YOU
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Far Eastern International Bank (the “Company”). This presentation and the materials provided herewith do not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an in
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