O-bank Co. Ltd. · TWSE:2897
O-bank — 9M 2025 Earnings Presentation
47 slides from O-bank's earnings presentation, Nov 5, 2025
Slide 1: O-Bank 2025 9M Business Review
Security Code 2897.TW O-Bank 2025 9M Business Review 05 Nov 2025
Slide 2: Disclaimer
Disclaimer This document is provided by O-Bank Co., Ltd. (the "Company"). The financial information contained herein is based on the Company’s unaudited financial statements. Users should refer to the officially disclosed financial and business information filed with the competent authorities for co
Slide 3: Agenda
01 2025 9M Operation Highlights 02 2025 9M Financial Results Agenda 03 Key Strategic Focuses 04 Appendix 2
Slide 4: 2025 9M Operation Highlights
01 2025 9M Operation Highlights 3
Slide 5: 2025 9M Operation Highlights
01 2025 9M Operation Highlights O-Bank achieved significant progress in cultivating the Mid-Market Enterprises (MME) and Wealth Management (WM) segments, which are expected to become one of the Bank’s major profit drivers in the coming years. In August 2025,O-Bank joined the Small and Medium Ent
Slide 6: 2025 9M Operation Highlights: Operating Performance
01 2025 9M Operation Highlights 1. During the first three quarters of 2025, O-Bank’s core banking operations were impacted by U.S. tariff policies and exchange rate volatility. The Bank adopted a more cautious lending strategy, which affected its short-term 1 Operating Performance profitability. 2.
Slide 7: 2025 9M Operation Highlights: Standalone Performance
01 2025 9M Operation Highlights Profit declined year-on-year primarily due to a NT$426 million reduction in FX swap income under FVPL, caused by a narrower interest rate 1 differential between Taiwan and the U.S. In addition, last year’s profit Operating included NT$230 million in FX gains from the
Slide 8: 2025 9M Operation Highlights: Main Subsidiaries
01 2025 9M Operation Highlights 1. CBF benefited from rate cuts, reducing funding costs and increasing 1 net interest income. Combined with gains from bond and bill Operating disposals, net profit after tax grew 30% YoY. Performance 2. EverTrust Bank recorded 7% YoY growth in net profit after tax, s
Slide 9: Capital Adequacy & Asset Quality
01 2025 9M Operation Highlights 2 Capital Adequacy & Asset Quality Capital Adequacy Maintained Stable As of the end of 2025 9M, O-Bank’s BIS Ratio was 14.44%, Tier1 Capital Ratio was 13.28%, and CET1 Ratio was 13.25%. As of the end of 2025 9M, O-Bank’s NPL ratio was 0.60% and loan loss coverage
Slide 10: 2025 Credit Ratings and Sustainability Honors
01 2025 Credit Ratings and Sustainability Honors O-Bank participated in Fitch Ratings for the first time in 2025, receiving an international credit rating(Long-Term Credit Ratings Issuer Default Rating, IDR) of “BBB,” a national rating(National Long-Term Rating) of “A+(twn),” and an outlook of “Stab
Slide 11: 2025 9M Financial Results
02 2025 9M Financial Results 02-3 Individual Financial Results: 02-1 Consolidated Financial Results China Bills Finance Corp. 02-2 Standalone Financial Results: 02-4 Individual Financial Results: O-Bank EverTrust Bank 10
Slide 12: O-Bank's Main Subsidiaries and Associated Companies
02 O-Bank’s Main Subsidiaries and Associated Companies O-Bank and its subsidiaries O-Bank Co., Ltd. Associated companies whose profits are recognized using equity method 100% 28.37% 100% 41.64% 20% IBT Holdings Venture Capital Business Infinite Beijing Sunshine China Bills Finance Co., Consumer (Inc
Slide 13: Consolidated Financial Results
02-1 Consolidated Financial Results 12
Slide 14: Consolidated Financial Results: Total Assets and Net Profit
02-1 Consolidated Financial Results Total Assets Net Profit NT $ billion NT $ million Note: In 2022, the original subsidiary of O-Bank, IBT Leasing Co., Ltd., merged with Jih Sun International Leasing and Finance Co., Ltd. O-Bank recognized gains of approximately NTD 3 billion from the disposal of i
Slide 15: Net Profit Compositions by Business Unit
02-1 Consolidated Financial Results Net Profit Compositions Infinite Finance recorded losses in 9M25 due to China’s weak economy, NT $ million (by Business Unit) while CBF, IBTH, and venture capital businesses achieved YoY growth. 2025 9M 2024 9M Note 1: The net profit on this page for IBT Holdings
Slide 16: Net Profit Compositions
02-1 Consolidated Financial Results Net Profit Operating expenses were well controlled. Compositions NT $ million 2025 9M 7,663 3,398 2,629 -3,809 -456 -769 Net Revenue Operating Expense Provision Profit before Tax Tax & Income(loss) Net Profit from discontinued operations 2024 9M 8,199 3,827 3,078
Slide 17: Net Revenue Breakdown
02-1 Consolidated Financial Results Net Revenue 1. Net interests income increased over 28% YoY due to the improvement on deposit structure of O-Bank. Breakdown 2. Others income declined 57% YoY due to losses from Infinite Finance. NT $ million Note: In 2022, the original subsidiary of O-Bank, IBT Le
Slide 18: Standalone Financial Results - O-Bank
02-2 Standalone Financial Results -O-Bank- 17
Slide 19: Standalone Financial Results: O-Bank
02-2 Standalone Financial Results: O-Bank Profit declined year-on-year primarily due to a NT$426 million reduction in FX swap income under FVPL, caused by a narrower interest rate differential between Taiwan and the U.S. In addition, last year’s profit included NT$230 million in FX gains from the re
Slide 20: Net Profit Compositions by Business Unit
02-2 Standalone Financial Results: O-Bank Net Profit Compositions Unit: NT$ million (by Business Unit) 2025 9M Infinite Others Finance*2 *2 2024 9M Infinite Others Finance Note 1: The net profit on this page for IBT Holdings is presented on standalone base, including IBT Holdings itself and the prof
Slide 21: Net Revenue Breakdown
02-2 Standalone Financial Results: O-Bank Net interest income increased by NT$363 million (+19% YoY) due to the improvement on deposit structure. Other net income mainly reflected a NT$100 million increase in dividend income, representing a +44% YoY. FVPL and FX gains mainly reflected a NT$426
Slide 22: ROE, ROA, NIM & Spread
02-2 Standalone Financial Results: O-Bank The NIM improved as a result of deposit structure optimization, while the spread narrowed due to the plunge in HKD Hibor rates. ROE & ROA NIM & Spread Note: In 2022, the original subsidiary of O-Bank, IBT Leasing Co., Ltd., merged with Jih Sun International
Slide 23: Cost/Income Ratio and EPS
02-2 • Standalone Financial Results: O-Bank Operating expense decreased along with the Bank’s ongoing digital transformation efforts. • Continue to enhance income diversification to optimize C/I Ratio. Cost/Income Ratio EPS Unit: NT$ million Unit: NT$ Operating Expense Operating Expense(excl. one-of
Slide 24: Loan & Deposit Balances
02-2 Standalone Financial Results: O-Bank By increasing the proportion of retail and demand deposits, O-Bank has enhanced capital utilization efficiency, leading to a steady increase in the loan-to-deposit ratio over recent years. Loan & Deposit Unit: NT$ billion Balances 23
Slide 25: Deposit Breakdown and Composition of Depositors
02-2 Standalone Financial Results: O-Bank 1. The proportion of retail and SME deposits increased by 11% from end-2024 to 42%. 2. The proportion of demand deposits increased by 2% from end-2024 to 20%. Deposit Composition of Breakdown Depositors Unit: NT$ billion Unit: NT$ billion 24
Slide 26: Loan Breakdown by Product and Industry
02-2 Standalone Financial Results: O-Bank Loan growth continued, with mortgage loans maintaining further expansion potential. Loan Breakdown Loan Breakdown by Product NT $ billion by Industry Mortgages, 8.88% Manufacturing, 11.75% Personal Loan, 8.85% Real Estate, Construction engineering, 20.46% 2.
Slide 27: Asset Quality and NPL Coverage Ratio
02-2 Standalone Financial Results: O-Bank Excluding the Hong Kong case, the NPL ratio would have decreased to 0.14% as of 9M25, with NPL coverage ratio improving to 863.91% and LLR ratio standing at 1.25%. NT $ million NT $ million Asset Quality NPL Coverage Ratio(Loan Loss Reserve/NPL) 1506.8% 1087
Slide 28: Capital Adequacy Ratio
02-2 Standalone Financial Results: O-Bank Capital Adequacy Maintained Stable Capital Adequacy Ratio (CAR) 27
Slide 29: EPS and Book Value Per Share
02-2 Standalone Financial Results: O-Bank It will continue pursuing sustainable profitability and stable dividend policies to attract long-term value investors, with book value per share continuing to increase. EPS/BVPS: NT $ Book Value Per Share EPS 14.05 14.35 13.30 13.66 12.02 12.45 1.80 1.00 0.8
Slide 30: Individual Financial Results - China Bills Finance Corp.
02-3 Individual Financial Results -China Bills Finance Corp.- 29
Slide 31: China Bills Finance: Net Profit and Net Revenue
Individual Financial Results: 02-3 China Bills Finance Corp. Net Profit Net Revenue NT $ million NT $ million Note: China Bills Finance's "net interest income" originally includes net interest income from certain investment positions, which in accordance with accounting principles, was transferred t
Slide 32: China Bills Finance: Assets, ROE, ROA & EPS
Individual Financial Results: 02-3 China Bills Finance Corp. Assets ROE, ROA & EPS NT $ billion NT $ 31
Slide 33: China Bills Finance: NPL, Reserve and CAR
Individual Financial Results: 02-3 China Bills Finance Corp. NPL & Reserve for CAR Guarantee Liabilities NT $ million CAR (Total Capital) Tier I Capital 32
Slide 34: Individual Financial Results - EverTrust Bank
02-4 Individual Financial Results 33
Slide 35: EverTrust Bank: Net Profit and Net Revenue
02-4 Individual Financial Results: EverTrust Bank Net Profit Net Revenue USD million USD million Note: The decline in net profit in 2023 was due to a commercial real estate loan default. By the end of 2024, the loan was fully recovered. 34
Slide 36: EverTrust Bank: Assets, Loans & Deposits
02-4 Individual Financial Results: EverTrust Bank As of 9M25, loan balance increased 22.9% compared with end-2024, marking the strongest growth in five years. Assets, Loans & Deposits ROE, ROA & EPS USD million USD 35
Slide 37: EverTrust Bank: NPL Ratio & Coverage Ratio
02-4 Individual Financial Results: EverTrust Bank NPL Ratio & Coverage Ratio 36
Slide 38: Key Strategic Focuses
Key Strategic Focuses ©BANK
Slide 39: "Boutique Digital Bank" Strategy
03 “Boutique Digital Bank” Strategy Keep Growing Light- Improve Asset- Capital Businesses Liability Structure • Strengthen sales of low risk- • Optimized personal deposit Dig Deep weighted products to improve ratio to improve liability return on capital. structure. • Leveraged large corporate Keep D
Slide 40: "Boutique Digital Bank" Strategy
03 “Boutique Digital Bank” Strategy Strengthen the enterprise financial service platform, gain insight into customer needs, Keep Growing Light- and provide solutions by combining low capital utilization products such as TMU, Capital Businesses accounts receivable, and trust. Improve the wealth m
Slide 41: "Boutique Digital Bank" Strategy
03 “Boutique Digital Bank” Strategy Accelerate Overseas Sydney representative office established in March 2025, helping cultivate Expansion customer relationships and gather business information, and will subsequently • Sydney Representative Office advance the upgrading to branch. was established
Slide 42: Strategic Investment Portfolio Business Overview
03 Strategic Investment Portfolio Business Overview Beijing Sunshine Consumer Finance (Investment under Equity Method) • Leveraging Everbright Group's customer resources, Beijing Sunshine risk control and digital skills, to prudently grow the Consumer Finance consumer finance markets in mainland Chi
Slide 43: ©BANK = iR iT
©BANK = 34 iR iT
Slide 44: Appendix: Financial Summary of O-Bank and Its Main Subsidiaries
04 Appendix: Financial Summary of O-Bank and Its Main Subsidiaries 43
Slide 45: O-Bank Quarterly Financial Summary
3Q25 2Q25 1Q25 4Q24 9M25 9M24 YoY 2,780 2,523 2,977 3,288 8,279 9,062 -9% (2,029) (1,840) (2,169) (2,520) (6,038) (7,184) -16% 751 683 807 769 2,241 1,878 19% 210 179 279 158 669 897 -25% 150 143 115 335 407 801 -49% 696 716 480 365 1,893 2,585 -27% 1,807 1,721 1,682 1,626 5,209 6,161 -15% (147) (22
Slide 46: China Bills Finance Quarterly Financial Summary
3Q25 2Q25 1Q25 4Q24 9M25 9M24 YoY 1,229 1,206 1,182 1,147 3,616 3,071 18% (985) (989) (1,012) (1,026) (2,985) (2,828) 6% 244 217 170 122 631 243 159% 406 412 388 327 1,206 1,052 15% 178 210 29 45 418 450 -7% 828 839 587 493 2,254 1,745 29% 78 (29) (34) 5 15 23 -35% (173) (158) (127) (122) (458) (436
Slide 47: EverTrust Bank Quarterly Financial Summary
3Q25 2Q25 1Q25 4Q24 9M25 9M24 YoY Interest income 15,177 13,982 13,121 13,459 42,280 40,986 3% Interest expense (5,575) (4,975) (4,971) (5,390) (15,520) (16,150) -4% Net interest income 9,602 9,007 8,150 8,069 26,759 24,836 8% Fee income 159 161 178 137 498 531 -6% Other income 126 22 22 25 170 545