O-bank Co. Ltd. · TWSE:2897
O-bank — FY2025 Earnings Presentation
45 slides from O-bank's earnings presentation, Apr 1, 2026
Slide 1: O-Bank 2025 Business Review
Security Code：2897.TW O-Bank 2025 Business Review 01 Apr 2026
Slide 2: Disclaimer
Disclaimer This document is provided by O-Bank Co., Ltd. (the "Company"). The Company makes no express or implied representations or warranties as to the accuracy, completeness, or correctness of such information or opinions. This document is provided as of the date herein and will not be updated to
Slide 3: Agenda
01 2025 Operation Highlights 02 2025 Financial Results Agenda 03 Key Strategic Focuses 04 Appendix 2
Slide 4: 2025 Operation Highlights
01 2025 Operation Highlights 3
Slide 5: 2025 Operation Highlights
01 2025 Operation Highlights 1. Operating Performance • Amid market factors such as U.S. tariff policies and exchange rate fluctuations, O-Bank adopted a more prudent lending strategy, which affected its core banking profitability. • The Bank’s equity investment in Infinite Finance recorded losses d
Slide 6: 2025 Operation Highlights: Main Subsidiaries
01 2025 Operation Highlights 1. Operating Performance • CBF benefited from interest rate cuts, which reduced funding costs and generated gains from bond and bill disposals, leading to a 31% YoY growth in net profits after tax. • EverTrust Bank recorded a one-time gain from a bad debt recovery in 202
Slide 7: Capital Adequacy & Asset Quality
01 2025 Operation Highlights 2. Capital Adequacy & Asset Quality Capital Adequacy Maintained Stable • As of the end of 2025, O-Bank’s BIS Ratio was 14.05%, Tier1 Capital Ratio was 13.06%, and CET1 Ratio was 13.06%. • As of the end of 2025, O-Bank’s NPL ratio was 0.54% and loan loss coverage ratio wa
Slide 8: 2025 Credit Ratings and Sustainability Honors
01 2025 Credit Ratings and Sustainability Honors Credit O-Bank participated in Fitch Ratings for the first time in 2025, receiving an international credit rating(Long- Term Issuer Default Rating, IDR) of “BBB,” a national rating(National Long-Term Rating) of “A+(twn),” and an Ratings outlook of “Sta
Slide 9: 2025 Financial Results
02 2025 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 8
Slide 10: O-Bank's Main Subsidiaries and Associated Companies
O-Bank’s Main Subsidiaries and 02 Associated Companies ：O-Bank and its subsidiaries O-Bank Co., Ltd. ：Associated companies whose profits are recognized using equity method ：O-Bank and its main profit subsidiaries 100% 28.37% 100% 41.64% 20% IBT Holdings Venture Capital Business Infinite Beijing Suns
Slide 11: Consolidated Financial Results
02-1 Consolidated Financial Results 10
Slide 12: Consolidated Financial Results: Total Assets and Net Profit
02-1 Consolidated Financial Results Total Assets Net Profit NT $ billion NT $ million Total Assets Net Profit Total Assets to Parent Company Net Profit Attributable to Parent Bank Total Assets Growth Rate 8.56% 8.99% 2.67% -0.06% 0.39% YoY -19.10% 5,808 701 YoY -35.91% 683 627 575 577 5,034 3,893 3,
Slide 13: Net Profit Compositions by Business Unit
02-1 Consolidated Financial Results Net Profit Compositions (by Business Unit) NT $ million 26 0 2025 388 116 1,796 3,149 ( 618 ) 1,442 O-Bank CBF IBT Holdings Venture Capital Infinite Sunshine Others Consolidated Net (holding EverTrust Business Finance(Note 2) Consumer Profit Bank)(Note 1) (Inc. IB
Slide 14: Consolidated Net Profit Compositions
02-1 Consolidated Financial Results Net Profit Compositions NT $ million 2025 9,966 4,152 ( 5,162 ) 3,149 ( 652 ) ( 1,003 ) Net Revenue Operating Expense Provision Profit before Tax Tax & Income (loss) Net Profit from discontinued operations YoY -2.09% -1.04% +1,125.49% -17.23% -10.76% -19.10% 2024
Slide 15: Consolidated Net Revenue Breakdown
02-1 Consolidated Financial Results 2025: Net Revenue 1. Net interests income soared by 36% YoY due to the improvement Breakdown on deposit structure of O-Bank. 2. Others income declined 72% YoY due to losses incurred by Infinite One-off Gain Finance. Others Gains on financial assets or liabilities
Slide 16: Standalone Financial Results - O-Bank
02-2 Standalone Financial Results -O-Bank- 15
Slide 17: Standalone Financial Results: O-Bank
02-2 Standalone Financial Results: O-Bank Net Profit before Tax Net Profit Unit: NT$ million Unit: NT$ million One-off Gain Net Profit Share of profit of associates subsidiaries One-off Gain Net Profit before Tax from Bank 5,242 In 2025, O-Bank recognized an investment loss NT$398 million from Infin
Slide 18: Standalone Net Profit Compositions by Business Unit
02-2 Standalone Financial Results: O-Bank Net Profit Compositions (by Business Unit) Unit: NT$ million 2025 26 0 356 116 510 1,831 1,442 ( 618 ) O-Bank CBF IBT Holdings Venture Capital Infinite Sunshine Others Standalone Net (holding EverTrust Business Finance(Note 2) Consumer Profit Bank)(Note 1) (
Slide 19: Standalone Net Revenue Breakdown
02-2 Standalone Financial Results: O-Bank 2025： 1. Net interest income increased by 18% YoY due to the improvement on deposit structure. Net Revenue 2. FVPL and FX gains/losses declined by 32% YoY due to the narrower interest rate Breakdown differential between USD and TWD. 3. Equity-method income d
Slide 20: ROE, ROA, NIM and Spread
02-2 Standalone Financial Results: O-Bank NIM improved as a result of deposit structure optimization, while the spread narrowed due to the plunge in HKD Hibor rates in 2025. ROE & ROA NIM & Spread ROE NIM ROE(excl. one-off gain) NIM with FX Swap ROA Spread ROA(excl. one-off gain) 13.59% 1.71% 1.69%
Slide 21: Cost/Income Ratio and EPS
02-2 Standalone Financial Results: O-Bank The decline in earnings from equity-method investments was the primary driver for the increase in the Cost/Income ratio in 2025. Cost/Income Ratio EPS Unit: NT$ million Unit: NT$ Operating Expense Operating Expense(excl. one- One-off gain off exp.) YoY -39.0
Slide 22: 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. Unit: NT$ billion Loan & Deposit Balances Deposits Loans LDR 75.04% 7
Slide 23: Deposit Composition and Depositors Breakdown
02-2 Standalone Financial Results: O-Bank The proportion of retail and SME deposits to the total deposits rose by 10 percentage points to 41% in 2025. Deposit Composition of Breakdown Depositors FCY Time Unit: NT$ billion Unit: NT$ billion Financial Institution FCY Demand % of the total deposits Lar
Slide 24: 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 NT $ billion by Product by Industry Corporate Loans Personal Loans Mortgages 236 229 Mortgages 207 9.34% Manufacturing 189 Personal Loan 12.34%
Slide 25: Asset Quality
02-2 Standalone Financial Results: O-Bank The higher NPL ratio was mainly due to the non-performing loan case in Hong Kong. However, the Bank has already secured adequate real estate collateral for this case. Once the bad debt recovery process is Asset Quality completed, the NPL ratio is expected to
Slide 26: Capital Adequacy Ratio
02-2 Standalone Financial Results: O-Bank Capital Adequacy Maintained Stable. Capital Adequacy Ratio (CAR) CAR Tier I CET1 14.71% 14.49% 13.97% 14.05% 13.63% 13.69% 13.06% 13.51% 12.72% 12.54% 12.19% 13.06% 12.36% 12.09% 12.11% 2021 2022 2023 2024 2025 25
Slide 27: EPS, Book Value Per Share and P/B Ratio
02-2 Standalone Financial Results: O-Bank Book value per share continues to grow. EPS P/B Ratio EPS/BVPS: NT $ Book Value Per Share EPS(excl. one-off gain) 0.75 0.70 0.67 0.67 0.63 14.58 14.05 13.30 12.02 12.45 1.80 1.00 0.87 0.63 0.61 0.69 2021 2022 2023 2024 2025 26
Slide 28: Individual Financial Results - China Bills Finance Corp.
02-3 Individual Financial Results -China Bills Finance Corp.- 27
Slide 29: 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 Others Net Fee Income YoY+30.69% YoY +33.06% Net Interest Income 1,858 2,979 1,796 2,847 287 447 10.1% 15.0% 1,374 2,239 1,289 1,645 2,019 495 1,301 22.1% 1,040 45.7% 463 1,608 22.9% 53.98%
Slide 30: China Bills Finance: Assets, ROE, ROA & EPS
Individual Financial Results: 02-3 China Bills Finance Corp. Assets ROE, ROA & EPS ROE ROA NT $ billion Total Assets 7.28% 6.77% Outsanding Balances of Guarantee Growth Rate of Guarantee Balances 5.49% 5.48% 13.66% 4.38% 7.08% 0.83% 4.79% 4.90% 0.69% 0.60% 265 0.58% 253 0.48% -9.21% 229 222 208 2021
Slide 31: China Bills Finance: NPL, Reserve and CAR
Individual Financial Results: 02-3 China Bills Finance Corp. NPL & Reserve for CAR Guarantee Liabilities NT $ million Reserve for Guarantee Liabilities 資本適足率(CAR) CAR (Total Capital) NPL Ratio 第㇐類資本佔風險資產比率 Tier I Capital 1,587 1,382 1,382 1,371 1,401 13.74% 13.36% 13.31% 13.19% 13.39% 12.65% 13.12%
Slide 32: Individual Financial Results - EverTrust Bank
02-4 Individual Financial Results -EverTrust Bank 31
Slide 33: EverTrust Bank: Net Profit and Net Revenue
Individual Financial Results: 02-4 EverTrust Bank Net Profit Net Revenue USD million USD million Net Revenue The decline in 2023 net profit was Net Interest Income due to a default case on a commercial real estate loan. The loan was fully recovered by the end of 2024. Excluding the one-time YoY -36.
Slide 34: EverTrust Bank: Assets, Loans, Deposits, ROE, ROA & EPS
Individual Financial Results: 02-4 EverTrust Bank The loan balance reached a five-year high by year-end 2025, increasing 26.7% YoY. Assets, Loans & Deposits USD million ROE ROA 26.71% ROE, ROA & EPS 8.70% Total Assets Loans Deposits Growth Rate of Loans 7.60% 5.96% 3.37% 1.80% 5.47% 5.02% -16.65% 1,
Slide 35: EverTrust Bank: NPL Ratio, Coverage Ratio and CAR
Individual Financial Results: 02-4 EverTrust Bank NPL Ratio & CAR Coverage Ratio Coverage Ratio 12974% 5505% 31.74% 29.03% 30.47% 29.24% 26.63% 87% 459% 130% 2021 2022 2023 2024 2025 4.27% NPL Ratio 2021 2022 2023 2024 2025 0.84% 0.01% 0.03% 0.33% 2021 2022 2023 2024 2025 Note: Data as of year end,
Slide 36: Key Strategic Focuses
Key Strategic Focuses ©BANK
Slide 37: Dig Deep to Deliver: Boutique Digital Bank Strategy
03 “Boutique Digital Bank” Strategy Keep Growing Light- Improve Asset- Capital Businesses Liability Structure • Strengthen sales of low risk- • Continue to increase the weighted products to improve proportion of digital and Dig Deep return on capital. retail deposits. • Cultivate the high net worth
Slide 38: Boutique Digital Bank Strategy: Capital and Liability Structure
03 “Boutique Digital Bank” Strategy Keep Growing Light- Provide solutions by combining low capital requirement products such as TMU, Capital Businesses accounts receivable, and trust. • Strengthen sales of low risk- Apply for Wealth Management 2.0 and the Kaohsiung Asia New Bay Area to enhance w
Slide 39: Boutique Digital Bank Strategy: Overseas Expansion and Sustainability
03 “Boutique Digital Bank” Strategy Accelerate Overseas Expansion • Accumulating customer Accumulate AUD assets through collaboration between the OBU and relationships and early stage assets Hong Kong Branch, and strengthen local business development in in Australia. Australia to accelerate the up
Slide 40: Investment Management & Development Strategy
03 Investment Management & Development Strategy Beijing Sunshine Consumer Finance (Investment under Equity Method) Beijing Sunshine Consumer Finance • Optimize the business structure in compliance with regulatory standards. • Strengthen risk control capabilities, monitor NPL ratios, and steadily inc
Slide 41: ©BANK = iR iT
©BANK = 34 iR iT
Slide 42: Appendix: Financial Summary of O-Bank and Its Main Subsidiaries
04 Appendix: Financial Summary of O-Bank and Its Main Subsidiaries 41
Slide 43: O-Bank Financial Summary
O-Bank-Financial Summary (NT $ million) 4Q25 3Q25 2Q25 1Q25 2025 2024 YoY Income Statement Interest income 3,044 2,780 2,523 2,977 11,323 12,350 -8% Interest expense (2,150) (2,029) (1,840) (2,169) (8,188) (9,704) -16% Net interest income 894 751 683 807 3,135 2,647 18% Fee income 217 210 179 279 88
Slide 44: CBF Financial Summary
CBF-Financial Summary (NT $ million) 4Q25 3Q25 2Q25 1Q25 2025 2024 YoY Income Statement Interest income 1,265 1,229 1,206 1,182 4,881 4,219 16% Interest expense (972) (985) (989) (1,012) (3,957) (3,854) 3% Net interest income 293 244 217 170 924 365 153% Fee income 402 406 412 388 1,608 1,379 17% Ot
Slide 45: ETB Financial Summary
ETB-Financial Summary (USD $ thousand) 4Q25 3Q25 2Q25 1Q25 2025 2024 YoY Income Statement Interest income 15,177 15,177 13,982 13,121 57,456 54,445 6% Interest expense (6,046) (5,575) (4,975) (4,971) (21,566) (21,540) 0% Net interest income 9,131 9,602 9,007 8,150 35,890 32,905 9% Fee income 105 159