First Financial Holding Co. Ltd. · TWSE:2892

First Financial — Q1 2026 Earnings Presentation

38 slides from First Financial's earnings presentation, Jun 2, 2026

  1. Slide 1: First Financial Holding 1Q26 Earnings Results

    First Financial Holding 1Q26 Earnings Results June 2, 2026

  2. 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

  3. Slide 3: Contents

    Contents - At a Glance - Financial Highlights - Operating Results - Appendix

  4. Slide 4: At a Glance

    At a Glance

  5. Slide 5: Best First Quarter Performance

    Best First Quarter Performance  FFHC reported record 1Q earnings for the same period, underpinned by robust momentum from bank and securities arms Group Net income for the quarter rose 26.5% YoY to NT$8,244 mn, with flagship subsidiary First Bank’s results up 11.7% to NT$7,573 mn and First Securiti

  6. Slide 6: Financial Highlights

    Financial Highlights

  7. Slide 7: FFHC Key Figures

    FFHC Key Figures Net Income Breakdown (in NT$ mn) Key Figures (in NT$, NT$ mn) Lifer Investment Trust 1Q251 1Q26 YoY % NT$153; 1.8% NT$78; 0.9 % Consolidated Net Income 6,518 8,244 +26.5% Securities AMC NT$511; 5.9% NT$78; 0.9% Comprehensive Income 8,685 8,768 +1.0% Total Assets 4,787,163 5,146,398

  8. Slide 8: FFHC Net Income & Comprehensive Income

    FFHC Net Income & Comprehensive Income 1Q26 Consolidated Net Income & Comprehensive Income (in NT$ mn) ↑18.1% 19,297 (899) (187) ↑26.5% 8,244 8,768 (8,175) (1,792) Net Revenue Credit Charge Insurance Operating Income Tax Net Income Comprehensive Reserves Expense Income 1Q25 Consolidated Net Income &

  9. Slide 9: Net Income Breakdown by Subsidiaries

    Net Income Breakdown by Subsidiaries1 1Q26 Net Income By Subsidiaries (in NT$ mn) ↑26.5% ↑11.7% 8,244 7,573 ↑ 325.8% 511 78 153 78 First Bank First Securities FSITC First Life First AMC FFHC 1Q25 Net Income By Subsidiaries (in NT$ mn) 2 6,778 6,518 120 43 49 First Bank First Securities FSITC First L

  10. Slide 10: Operating Results

    Operating Results

  11. 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 11.04% 10.92% 10.80% 11.16% 10.60% 10.52% 10.52% 9.82% 9.61% 1 26,933 9 25,359 ,1 136 20,808 21,699 561, ,938 3,01 7380 13,729 13,946 7 7, 8 9 ,8 1 7 8,244 53 7,015 7,206 6 , 24

  12. Slide 12: FB Pre-tax Profits Breakdown

    FB Pre-tax Profits Breakdown Cumulative Net Revenue (in NT$ mn) % of Net Revenue Item 1Q25 1Q26 Change NII 45.7% 50.9% +5.2% 17,104 15,595 Net Fee 21.3% 22.1% +0.8% Gain on ST Invest. 0.1% 1.4% +1.3% +9.7% Gain on LT invest. 0.7% 0.8% +0.1% Gain on Fin. Products 30.6% 21.4% -9.2% Others 1.6% 3.4% +1

  13. Slide 13: FB Loan Book Mix

    FB Loan Book Mix Loan Book (in NT$ bn) % of Loan Book Mix Item 1Q25 1Q26 Change Consumer 31.3% 30.6% -0.7% 2,959.9 Mortgage 27.4% 26.1% -1.3% +10.8% 2,671.3 Other Consumer Loan 3.9% 4.5% +0.6% Corporate Banking 68.7% 69.4% +0.7% Large Corp. Loan 12.8% 12.8% 0.0% SME Loan2 35.8% 34.9% -0.9% F/X Loan

  14. 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 2,671.3 2,655.4 2,744.1 ↑ 5.4% 771.9 750.4 760.7 731.6 741.4 Mortgage ↑1.5% SME ↑1.5% 1,032.8 992.8 1,017.8 954.8 978.3 Large Corp. ↑0.4% 378.9 342.8 375.7 377.4 349.7 F/X ↑ 11.3% 537.8 458.4 417.8 456.7 483.2 183.7 1

  15. Slide 15: FB LDR, Spread & NIM

    FB LDR, SPREAD &NIM Total Loan & LDR (in NT$ bn) Total Loan1 LDR 73.93% NTD 85.9% 71.11% F/X 47.0% 71.02% 70.68% 70.03% 70.34% 70.47% 69.59% 2,534.4 2,574.5 2,647.2 2,676.0 2,659.5 2,749.2 2,813.5 2,964.5 2Q24 3Q24 2024 1Q25 2Q25 3Q25 2025 1Q26 △ Loan-Deposit Spread / NIM Spread2 NIM2 1.20% 1.18% 1.

  16. 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) 1.26% 1.28% 1.28% 1.26% 1.26% 2.35% 2.36% 2.37% 2.38% 2.35% 1.09% 1.10% 1.09% 1.10% 1.09% 1Q25 2Q25 3Q25 4Q25 1Q26 FX Rates & Spreads Overview Deposit Rate (FX) Lending Rate (FX)

  17. Slide 17: FB Deposit Mix

    FB Deposit Mix Deposit Mix (in NT$ bn) NTD CASA Rate NTD Deposit F/X deposit NTD CASA rate 1,143.8 1,115.3 +2.6% 62.75% 62.13% 62.03% 61.82% △ Total Deposit 3,964.8 bn 2,821.0 +5.8% YoY 2,630.8 +7.2% 1Q25 1Q26 2024 1H25 2025 1Q26 17

  18. Slide 18: Major Exposures to Specific Industries

    Major Exposures to Specific Industries % of Loan to Industries Manufacturing (23.04%) Non-Manufacturing (76.96%) 3.98% Petro. Construction 3.01% Metal Wholesale/Retail 9.78% 5.10% Real Estate 10.70% 5.47% Tech. Transportation & 2.94% 3.72% Machinery Warehousing Financial & 5.51% Insurance 18

  19. Slide 19: FB Mortgage Book Mix

    FB Mortgage Book Mix Mortgage Yield & LTV Ratio % of Mortgage by Location Mortgage Yield Mortgage NPL: 0.07% Loan-to-value ratio of new mortgage Avg. loan-to-value ratio Taipei East Area Area 2.28% 2.30% 2.30% 2.31% 2.31% 2.9% 43.2% 65.03% Kaohsiung Area Taoyuan 64.87% 64.84% 64.79% 64.86% 11.3% Are

  20. Slide 20: FB Fee Income Breakdown

    FB Fee Income Breakdown Cumulative Net Fee Income (in NT$ mn) Net Fee Income Breakdown Item 1Q25 1Q26 Change 3,779 WM Fee1 68.8% 70.9% +2.1% +13.7% 3,323 Loan-related 19.6% 17.2% -2.4% F/X 5.0% 4.2% -0.8% Credit Card 2.6% 3.0% +0.4% 1Q25 1Q26 Other2 4.0% 4.7% +0.7% Cumulative Net Fee Income Net Fee

  21. Slide 21: FB Fee Income Breakdown - QoQ Comparison

    FB Fee Income Breakdown -QoQ Comparison QoQ Fee Income Breakdown (in NT$ mn) QoQ Quarterly 3,779 fee income 3,323 3,174 3,187 3,375 ↑12.0% 178 115 159 132 149 Others1 87 149 177 116 167 119 126 184 649 Credit Card 180 167 F/X Related 650 603 205 Loan Related 577 625 166 184 169 173 Bancassurance 1,3

  22. 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 1Q25 1Q26 7,072 7,056 Net Revenue 15,595 17,104 -0.2% Operating Expense (7,072) (7,056) Provision(Net) (68) (870) Income Tax (1,677) (1,605) 1Q25 1Q26 Net Income 6,778 7,573 Cumulative Operating Expense

  23. 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 847.89% 862.04% 865.23% 819.77% 843.19% 769.77% 801.27% 0.18% 0.17% 0.17% 0.17% 0.17% 0.16% 0.16% 35,170 36,727 37,033 36,911 39,092 40,812 40,147 4,569 4,480 4,622 4,378 4,610 4,734 4,

  24. Slide 24: FB Overseas Profits

    FB Overseas Profits Overseas Pre-Tax Profits Mix FB Total Pre-Tax Profits Mix 1Q26 Total Pre-Tax Profits: NT$ 9,178 mn 18.76% OBU/Greater China North America Others, 1Q26 11.52% Domestic 7.82% Overseas Asean Market, NT$ 2,467mn 57.13% Others 73.12% 16.29% OBU/Greater China, 15.36% Quarterly Overseas

  25. Slide 25: CAR & Core Capital

    CAR & Core Capital FFHC Group CAR 1 Group CAR Statutory CAR 130.05% 129.83% 130.73% 128.80% 126.05% 122.45% 100% 2H23 1H24 2H24 1H25 2H25 1Q26 FB CAR & Core Capital FB CAR Tier 1 CET 1 15.38% 15.46% 15.33% 14.56% 14.45% 13.87% 13.14% 13.22% 13.15% 12.61% 12.29% 11.96% 11.51% 11.70% 11.68% 10.91% 10.

  26. Slide 26: Shareholder Return

    Shareholder Return FFHC Earnings Per Share ( in NT$) EPS Dividend 1.81 1.87 1.52 1.56 1.65 1.20 1.10 1.15 1.20 1.30 2021 2022 2023 2024 2025 FFHC Dividend History ( in NT$) 2021 2022 2023 2024 2025 Cash dividend 1.00 0.80 0.85 0.95 1.30 Stock dividend 0.20 0.30 0.30 0.25 0.00 Total dividend 1.20 1.1

  27. Slide 27: Appendix

    Appendix

  28. Slide 28: FFHC Consolidated Income Statement

    FFHC Consolidated Income Statement FFHC Consolidated Income Statement +I8:P29Summary (in NT$ million or %) Full Year Results2 Year-over-Year Comparison3 2022 2023 2024 2025 1Q25 1Q26 Change Net interest income 37,969 32,525 31,234 34,681 7,956 9,664 21.5% Net service fee & commission 9,409 10,187 12

  29. 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 1Q25 1Q26 Change Operating revenues 21,270 23,514 26,359 28,299 6,741 8,548 26.8% Income from long-term investment 21,094

  30. Slide 30: FFHC Balance Sheet

    FFHC Balance Sheet FFHC Balance Sheet Summary in NT$ million or million shares Full Years Result1 Year-over-Year Comparison2 2022 2023 2024 2025 1Q25 1Q26 Change Non-consolidated Balance Sheet Data Long-term investment 244,673 271,903 296,683 330,702 306,986 336,262 9.5% Total non-consolidated asset

  31. Slide 31: FFHC Key Ratios

    FFHC Key Ratios FFHC Key Ratios Full Year Results2 Year-over-Year Comparison3 2022 2023 2024 2025 1Q25 1Q26 Change After-tax ROAA (Annualized ratio) 0.52% 0.52% 0.56% 0.55% 0.56% 0.64% 14.3% After-tax ROAE (Annualized ratio) 9.18% 9.51% 9.82% 9.61% 9.56% 11.16% 16.7% Book Per Share 16.95 18.24 19.10

  32. 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 1Q25 1Q26 Change Net interest income 35,001 29,245 27,888 31,352 7,119 8,710 22.3% Net fee income 8,103 8,919 11,962 13,059 3,323 3,77

  33. Slide 33: FB Key Ratios

    FB Key Ratios FB Key Ratios Full Year Results Year-over-Year Comparison 2022 2023 2024 2025 1Q25 1Q26 Change Loan to deposit spread 1.48% 1.34% 1.17% 1.15% 1.11% 1.19% 7.21% Net Interest Margin 0.99% 0.76% 0.67% 0.72% 0.67% 0.77% 14.93% Cost to income ratio 44.44% 44.84% 44.38% 43.33% 45.35% 41.25%

  34. Slide 34: FB Loan Quality

    FB Loan Quality FB NPL Migration in NT$ million or % Full Year Results 2025 Quarterly Year-over-Year Comparison 2024 2025 Q1 Q2 Q3 Q4 1Q25 1Q26 Change NPL- beginning 4,099 4,480 4,480 4,622 4,378 4,610 4,480 4,734 5.7% Net new NPL influx 6,866 4,617 871 957 1,152 1,637 871 2,131 144.7% Domestic 2,96

  35. 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 1Q25 1Q26 Change Total operating income 1,929 2,745 3,200 3,170 542 1,225 126.0% Brokerage commission 1,382 1,499 2,051 2,009 391 816 108.7% Net intere

  36. Slide 36: FSITC Operating Results

    FSITC Operating Results FSITC Income Statement Summary in NT$ million or % Full Yeart Results Year-over-Year Comparison 2022 2023 2024 2025 1Q25 1Q26 Change Total operating income 649 707 786 851 203 255 25.6% Management fee 629 692 756 825 199 242 21.6% Sales service fee 20 15 30 26 4 13 225.0% Ope

  37. Slide 37: First Life Operating Results

    First Life Operating Results First Life Income Statement Summary in NT$ million or % Year-over-Year Comparison 1Q25 1Q26 Change Insurance Service Result 239 280 17.2% Release of CSM 204 215 5.4% Underwriting gain/loss 26 73 180.8% Risk adjustment for non-financial risk 22 12 -45.5% Net income/expens

  38. Slide 38: Q&A

    © First Financial Holding Co., Ltd. Q&A

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