First Financial Holding Co. Ltd. · TWSE:2892
First Financial — H1 2026 Earnings Presentation
38 slides from First Financial's earnings presentation, Aug 27, 2026
Slide 1: First Financial Holding 1H26 Earnings Results
First Financial Holding 1H26 Earnings Results August 27, 2026
Slide 2: Disclaimer
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
Slide 3: Contents
Contents - At a Glance - Financial Highlights - Operating Results - Appendix
Slide 4: At a Glance
At a Glance
Slide 5: Record 1H Earnings on Franchise Strength
Record 1H Earnings on Franchise Strength ◼ FFHC 1H26 net profit rose 41.9% YoY to NT$17,798mn, or NT$1.24 per share Earnings momentum broadened from the flagship banking arm into securities, life insurance, asset management, venture capital etc. First Bank posted NT$15,456 mn (+11.9% YoY), while non
Slide 6: Financial Highlights
Financial Highlights
Slide 7: FFHC Key Figures
FFHC Key Figures Net Income Breakdown (in NT$ mn) Key Figures (in NT$, NT$ mn) Life Investment Trust 1H251 1H26 YoY % NT$418; 2.3% NT$192; 1.1 % AMC Consolidated Net Income 12,541 17,798 +41.9% Securities NT$1,411; 7.7% NT$172; 0.9% Comprehensive Income 7,420 31,318 +322.1% Total Assets 4,807,416 5,
Slide 8: FFHC Net Income & Comprehensive Income
FFHC Net Income & Comprehensive Income 1H26 Consolidated Net Income & Comprehensive Income (in NT$ mn) ↑23.3% 41,158 (1,748) (221) ↑41.9% 31,318 (17,566) 17,798 (3,825) Net Revenue Credit Charge Insurance Operating Income Tax Net Income Comprehensive Reserves Expense Income 1H25 Consolidated Net Inc
Slide 9: Net Income Breakdown by Subsidiaries
Net Income Breakdown by Subsidiaries1 Net Income of FFHC and Subsidiaries（in NT$ mn) ↑ 41.9% 1H25 1H26 ↑ 11.9% 17,798 15,456 13,807 12,541 ↑ 373.5% ↑ 749.5% 1,411 875 298 82 192 418 172 97 102 (1,006) First Bank First Securities FSITC First Life First AMC First VC FFHC 1. Major 5 subsidiaries were l
Slide 10: Operating Results
Operating Results
Slide 11: FFHC's & First Bank's Profitability
FFHC’S & First Bank’s Profitability -After Tax FFHC Net Income & ROAE (in NT$ mn) 1 Cumulative Net Income Annualized ROAE 10.92% 10.80% 10.60% 10.52% 10.52% 11.16% 11.98% 9.82% 9.61% 1 26,933 9 25,359 ,1 136 21,699 561, 20,808 ,938 17,798 3,01 7380 13,729 13,946 7 7, 8 9 ,8 1 7 8,244 53 7,206 6 , 24
Slide 12: FB Pre-tax Profits Breakdown
FB Pre-tax Profits Breakdown Cumulative Net Revenue (in NT$ mn) % of Net Revenue Item 1H25 1H26 Change 35,400 NII 45.1% 49.2% +4.1% 32,744 +8.1% Net Fee 19.9% 22.6% +2.7% Gains On Fin. Products 33.1% 26.2% -6.9% Others 1.9% 2.0% +0.1% Total Net Revenue 100.0% 100.0% Gross Provision -8.7% -8.6% +0.1%
Slide 13: FB Loan Book Mix
FB Loan Book Mix Loan Book (in NT$ bn) % of Loan Book Mix Item 1H25 1H26 Change Consumer 32.1% 31.5% -0.6% 2,949.9 Mortgage 27.9% 26.5% -1.4% +11.1% 2,655.4 Other Consumer Loan 4.2% 5.0% +0.8% Corporate Banking 67.9% 68.5% +0.6% Large Corp. Loan 13.2% 13.5% +0.3% SME Loan2 36.8% 35.2% -1.6% F/X Loan
Slide 14: FB Loan Book Mix - QoQ Comparison
FB Loan Book Mix -QoQ Comparison QoQ Loan Book Mix (in NT$ bn) QoQ 2,808.3 2,959.9 2,949.9 2,655.4 2,744.1 ↓ 0.3% 771.9 782.1 750.4 760.7 741.4 Mortgage ↑1.3% SME ↑0.4% 1,032.8 1,037.3 992.8 1,017.8 978.3 Large Corp. ↑4.8% 378.9 396.9 375.7 377.4 349.7 F/X ↓ 2.3% 537.8 525.5 417.8 456.7 483.2 168.2
Slide 15: FB LDR, Spread & NIM
FB LDR, SPREAD &NIM Total Loan1 & LDR (in NT$ bn) Total Loan LDR 73.93% NTD 86.5% 72.52% 71.02% 71.11% 70.68% 70.34% 70.47% F/X 44.0% 70.03% 2,574.5 2,647.2 2,676.0 2,659.5 2,749.2 2,813.5 2,964.5 2,954.9 3Q24 2024 1Q25 2Q25 3Q25 2025 1Q26 2Q26 △ Loan-Deposit Spread / NIM / Adjusted NIM2 NIM Spread
Slide 16: FB Loan Yields, Costs & Spreads
FB Loan Yields, Costs & Spreads NTD Rates & Spreads Overview Deposit Rate (NTD) Lending Rate (NTD) Interest Spread (NTD) 1.28% 1.28% 1.28% 1.26% 1.26% 2.36% 2.37% 2.38% 2.35% 2.36% 1.10% 1.09% 1.10% 1.09% 1.08% 2Q25 3Q25 4Q25 1Q26 2Q26 FX Rates & Spreads Overview Deposit Rate (FX) Lending Rate (FX)
Slide 17: FB Deposit Mix
FB Deposit Mix Deposit Mix (in NT$ bn) NTD CASA Rate NTD Deposit F/X deposit NTD CASA rate 1,195.6 1,005.0 +19.0% 62.75% 62.88% 62.13% 61.82% △ Total Deposit 3,999.6 bn 2,804.0 +7.4% YoY 2,717.9 +3.2% 1H25 1H26 2024 1H25 2025 1H26 17
Slide 18: Major Exposures to Specific Industries
Major Exposures to Specific Industries % of Loan to Industries Manufacturing (22.69%) Non-Manufacturing (77.31%) 3.90% Petro. Construction 3.26% Metal Wholesale/Retail 9.81% 5.19% Real Estate 10.69% 5.32% Tech. Transportation & 3.43% 3.56% Machinery Warehousing Financial & 5.35% Insurance 18
Slide 19: FB Mortgage Book Mix
FB Mortgage Book Mix Mortgage Yield & LTV Ratio % of Mortgage by Location Mortgage Yield Mortgage NPL: 0.09% Loan-to-value ratio of new mortgage Avg. loan-to-value ratio Taipei East Area Area 2.30% 2.30% 2.31% 2.31% 2.32% 2.9% 43.2% 65.03% 64.97% Kaohsiung Area Taoyuan 64.84% 64.79% 64.86% 11.4% Are
Slide 20: FB Fee Income Breakdown
FB Fee Income Breakdown Cumulative Net Fee Income (in NT$ mn) Net Fee Income Breakdown Item 1H25 1H26 Change 7,997 WM Fee1 68.3% 72.4% +4.1% +23.1% 6,497 Loan-related 18.9% 16.0% -2.9% F/X 5.3% 4.4% -0.9% Credit Card 3.2% 3.2% 0.0% 1H25 1H26 Other2 4.3% 4.0% -0.3% Cumulative Net Fee Income Net Fee I
Slide 21: FB Fee Income Breakdown - QoQ Comparison
FB Fee Income Breakdown -QoQ Comparison QoQ Fee Income Breakdown (in NT$ mn) QoQ Quarterly fee income 4,218 ↑11.6% 3,779 3,174 3,187 3,375 142 137 197 178 115 159 632 149 149 177 116 119 126 184 649 249 Custody Others1 180 167 Credit Card 603 ↑ 21.1% 205 F/X Related 577 625 184 Loan Related 169 1,52
Slide 22: FB Cost-to-Income Ratio
FB Cost-to-Income Ratio Cumulative Operating Expense (in NT$ mn) Cost-to-Income (in NT$ mn) Item 1H25 1H26 14,400 14,964 Net Revenue 32,744 35,400 +3.9% Operating Expense (14,400) (14,964) Provision(Net) (1,316) (1,690) Income Tax (3,221) (3,290) 1H25 1H26 Net Income 13,807 15,456 Cumulative Operati
Slide 23: FB Asset Quality
FB Asset Quality NPL, NPL Reserve, Coverage Ratio, NPL Ratio (in NT$ mn ) Coverage Ratio NPL Ratio NPL NPL Reserve 862.04% 865.23% 874.21% 819.77% 843.19% 847.89% 801.27% 0.17% 0.17% 0.17% 0.17% 0.16% 0.16% 0.16% 36,727 36,911 39,092 40,812 40,147 40,739 37,033 4,480 4,622 4,378 4,610 4,734 4,640 4,
Slide 24: FB Overseas Profits
FB Overseas Profits Overseas Pre-Tax Profits Mix FB Total Pre-Tax Profits Mix 1H26 Total Pre-Tax Profits: NT$18,746 mn 18.85% OBU/Greater China North America Others, 1H26 11.43% Domestic 8.93% Overseas Asean Market, NT$4,940mn 56.53% Others 73.65% 15.69% OBU/Greater China, 14.92% Quarterly Overseas
Slide 25: CAR & Core Capital
CAR & Core Capital FFHC Group CAR 1 Group CAR Statutory CAR 130.05% 129.83% 130.73% 126.05% 125.60% 122.45% 100% 2H23 1H24 2H24 1H25 2H25 1H26 FB CAR & Core Capital FB CAR Tier 1 CET 1 15.38% 15.46% 15.06% 14.56% 14.45% 13.87% 13.14% 13.22% 12.82% 12.61% 12.29% 11.96% 11.51% 11.70% 11.36% 10.91% 10.
Slide 26: Awards and Recognition
Awards and Recognition International Ratings & Indices S&P Global FTSE4Good CDP Dow Jones AAA ESG Rating Sustainability Emerging Index Leadership Level Best-in-Class Indices MSCI ACWI Index Yearbook Member of the S&P Included as constituent Received CDP “A” Selected for the DJBIC Included as constit
Slide 27: Appendix
Appendix
Slide 28: FFHC Consolidated Income Statement
FFHC Consolidated Income Statement FFHC Consolidated Income Statement Summary (in NT$ million or %) Full Year Results2 Year-over-Year Comparison3 2022 2023 2024 2025 1H25 1H26 Change Net interest income 37,969 32,525 31,234 34,681 16,397 19,369 18.1% Net service fee & commission 9,409 10,187 12,782
Slide 29: FFHC Non-consolidated Income Statement
FFHC Non-consolidated Income Statement FFHC Non-Consolidated Income Statement Summary in NT$ million, NT$, or % Full Year Results2 Year-over-Year Comparison3 2022 2023 2024 2025 1H25 1H26 Change Operating revenues 21,270 23,514 26,359 28,299 13,321 18,517 39.0% Income from long-term investment 21,09
Slide 30: FFHC Balance Sheet
FFHC Balance Sheet FFHC Balance Sheet Summary in NT$ million or million shares Full Years Result Year-over-Year Comparison1 2022 2023 2024 2025 1H25 1H26 Change Non-consolidated Balance Sheet Data Long-term investment 244,673 271,903 296,683 330,702 300,538 342,488 14.0% Total non-consolidated asset
Slide 31: FFHC Key Ratios
FFHC Key Ratios FFHC Key Ratios Full Year Results Year-over-Year Comparison2 2022 2023 2024 2025 1H25 1H26 Change After-tax ROAA (Annualized ratio) 0.52% 0.52% 0.56% 0.55% 0.52% 0.70% 34.6% After-tax ROAE (Annualized ratio) 9.18% 9.51% 9.82% 9.61% 9.44% 11.98% 26.9% Book Per Share 16.95 18.24 19.10
Slide 32: FB Non-consolidated Income Statement
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 1H25 1H26 Change Net interest income 35,001 29,245 27,888 31,352 14,759 17,429 18.1% Net fee income 8,103 8,919 11,962 13,059 6,497 7,
Slide 33: FB Key Ratios
FB Key Ratios FB Key Ratios Full Year Results Year-over-Year Comparison 2022 2023 2024 2025 1H25 1H26 Change Loan to deposit spread 1.48% 1.34% 1.17% 1.15% 1.11% 1.18% 6.3% Net Interest Margin 0.99% 0.76% 0.67% 0.72% 0.71% 0.76% 7.0% Cost to income ratio 44.44% 44.84% 44.38% 43.33% 43.98% 42.27% -3.
Slide 34: FB Loan Quality
FB Loan Quality FB NPL Migration in NT$ million or % Full Year Results 2026 Quarterly Year-over-Year Comparison 2024 2025 Q1 Q2 1H25 1H26 Change NPL- beginning 4,099 4,480 4,734 4,640 4,480 4,734 5.7% Net new NPL influx 6,866 4,617 2,131 929 1,828 3,060 67.4% Domestic 2,966 4,029 1,329 942 1,543 2,2
Slide 35: First Sec. Operating Results
First Sec. Operating Results First Sec. Income Statement Summary in NT$ million or % Full Year Results Year-over-Year Comparison 2022 2023 2024 2025 1H25 1H26 Change Total operating income 1,929 2,745 3,200 3,170 1,180 3,142 166.3% Brokerage commission 1,382 1,499 2,051 2,009 801 2,142 167.4% Net in
Slide 36: FSITC Operating Results
FSITC Operating Results FSITC Income Statement Summary in NT$ million or % Full Year Results Year-over-Year Comparison 2022 2023 2024 2025 1H25 1H26 Change Total operating income 649 707 786 851 398 575 44.5% Management fee 629 692 756 825 388 547 41.0% Sales service fee 20 15 30 26 10 28 180.0% Ope
Slide 37: First Life Operating Results
First Life Operating Results First Life Income Statement Summary in NT$ million or % Year-over-Year Comparison1 1H25 1H26 Change Insurance Service Result 474 491 3.6% Release of CSM 407 429 5.4% Underwriting gain/loss 72 91 26.4% Risk adjustment for non-financial risk 30 10 -66.7% Net income/expense
Slide 38: Q&A
(oO) First Financial Holding Co., Ltd. Q&A
First Financial Holding — H1 2026 Earnings Presentation on 6ix