O-bank Co. Ltd. · TWSE:2897
O-bank — Q1 2026 Earnings Presentation
46 slides from O-bank's earnings presentation, May 14, 2026
Slide 1: O-Bank 2026 First Quarter Business Review
Security Code: 2897.TW O-Bank 2026 First Quarter Business Review May 14, 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 1Q 2026 Operation Highlights 02 1Q 2026 Financial Results Agenda 03 Key Strategic Focuses 04 Appendix 2
Slide 4: 1Q 2026 Operation Highlights
01 1Q 2026 Operation Highlights 3
Slide 5: 1Q 2026 Operation Highlights
01 1Q 2026 Operation Highlights • In 1Q26, O-Bank optimized its deposit structure further by pricing out high-rate foreign currency deposits. This reduction in the interest expense led to an increase in NII. Combined with dividend income, the overall net profits before tax grew by 12% YoY. 1. Operat
Slide 6: 1Q 2026 Operation Highlights: Main Subsidiaries
01 1Q 2026 Operation Highlights • China Bills Finance (CBF): Benefiting from the ongoing interest rate cuts, CBF saw an increase in NII due to lower funding costs. Additionally, the company realized gains on the disposal of 1. Operating Performance bonds and bills, driving a 61% YoY growth of its ne
Slide 7: 1Q 2026 Operation Highlights: Capital Adequacy
01 1Q 2026 Operation Highlights 1. Operating Performance Capital Adequacy Maintained Stable • As of the end of 1Q26, O-Bank’s BIS Ratio was 14.08%, both Tier1 Capital Ratio and CET1 Ratio were 13.21%. • As of the end of 1Q26, O-Bank’s NPL ratio was 0.55% and loan loss coverage ratio was 243%. The Ba
Slide 8: Credit Ratings and Sustainability Honors
01 Credit Ratings and Sustainability Honors Credit Ratings Sustainability Honors MorningStar Sustainalytics' Selected as a 2026 Global ESG Leader No.1 among listed companies & ESG Risk Ratings In 2025, O-Bank participated No.1 among financial institutions in Taiwan. in Fitch Ratings’ credit No.1 amo
Slide 9: 1Q 2026 Financial Results
02 1Q 2026 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% 41.70% 20% IBT Holdings Venture Capital Business Infinite Beijing Suns
Slide 11: Consolidated Financial Results
02-1 Consolidated Financial Results 10
Slide 12: 02-1 Consolidated Financial Results: Total Assets and Net Profit
02-1 Consolidated Financial Results Total Assets Net Profit Total Assets NT $ billion NT $ million Total Assets to Parent Company Net Profit Net Profit Attributable to Parent Bank Total Assets Growth Rate 8.6% 9.0% 5,808 2.7% 1.9% YoY +48.7% 0.4% 5,034 YoY +42.7% 715 3,893 683 701 627 3,426 577 3,14
Slide 13: Net Profit Compositions by Business Unit
02-1 Consolidated Financial Results Net Profit Compositions NT $ million (by Business Unit) 11 0 1,232 640 89 8 (20) 2026 Q1 505 O-Bank CBF IBT Holdings Venture Capital Infinite Finance Sunshine Others Consolidated Net (holding EverTrust Business (Note 2) Consumer Finance Profit Bank)(Note 1) (Inc.
Slide 14: Consolidated Net Profit Compositions
02-1 Consolidated Financial Results Net Profit NT $ million Compositions 2026 Q1 3,170 1,541 1,232 ( 1,370 ) ( 260 ) ( 309 ) Net Revenue Operating Expense Provision Profit before Tax Tax & Income(loss) Net Profit from discontinued operations YoY +34.8% +12.0% +652.5% +40.9% +16.4% +48.7% 2025 Q1 2,3
Slide 15: Net Revenue Breakdown
02-1 Consolidated Financial Results NT $ million Net Revenue 1. Net interest income grew by 45% YoY, driven by the decline in funding costs for CBF and the improvement of O-Bank deposit structure. Breakdown 2. Other net income saw a significant growth of 2,495% YoY, primarily due to the increase in
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 O-Bank and Equity investment boosted pre-tax profit by 32% and net profit by 43% YoY in 1Q26. Net Profit before Tax Net Profit Unit: NT$ million Unit: NT$ million 5,242 One-off Gain One-off Gain Share of profit of associates subsidiaries Net Profit Net Profi
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 182 81 11 8 766 2026 Q1 505 ( 20 ) O-Bank CBF IBT Holdings Venture Capital Infinite Finance(Note Sunshine Consumer Standalone Net Profit (holding EverTrust Business 2) Finance Bank)(Note 1) (Inc. I
Slide 19: Standalone Net Revenue Breakdown
02-2 Standalone Financial Results: O-Bank 1. Net interest income grew 11% YoY due to the improvement of O-Bank deposit structure. Net Revenue 2. Net fee income rose 11% YoY due to an increase in loan-related fees. Breakdown 3. Share of profit of associates subsidiaries and accounted for using equity
Slide 20: Net Fee Income, ROE and ROA
02-2 Standalone Financial Results: O-Bank Significant growth YoY in ROE and ROA. Net Fee Income Breakdown Other net income ROE & ROA Net Wealth management fee income Net Retail banking fee income Net Corporate banking fee income ROE 13.59% ROE(excl. one-off gain) 1,055 ROA 98 9% ROA(excl. one-off ga
Slide 21: NIM and 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 in 2025. NIM Spread NIM with FX Swap Average All Currency Spread NIM TWD Spread Foreign Currency Spread 1.17% 1.17% 1.17% 1.17% 1.1
Slide 22: Cost/Income Ratio and EPS
02-2 Standalone Financial Results: O-Bank 1Q26 EPS increased 47% YoY; Cost-to-income ratio significantly improved from year-end 2025. Cost/Income Ratio Unit: NT$ million EPS Unit: NT$ Operating Expense Operating Expense (excl. one-off gain) Net Revenue Net Revenue(excl. one-off gain) One-off gain EP
Slide 23: Loan & Deposit Balances
02-2 Standalone Financial Results: O-Bank Loan & Deposit By improving our deposit structure to enhance funds utilization Balances efficiency, leading to a steady increase in the LDR over recent years. Deposits Loans Average LDR NTD LDR Foreign Currency LDR 81.8% 77.4% 82.7% 73.2% 73.8% 76.0% 75.0% 7
Slide 24: Deposit Breakdown
02-2 Standalone Financial Results: O-Bank Retail and SME deposits grew further to accounted for 43% from 41%. Deposit Unit: NT$ billion % of the total deposits Composition of Unit: NT$ billion Breakdown Depositors FCY Time FCY Demand NTD Time NTD Demand Financial Institution Large Corp. SME Retail 3
Slide 25: Loan Breakdown by Product and Industry
02-2 Standalone Financial Results: O-Bank Loan growth continues to expand, with further upside in the mortgage segment. Loan Breakdown Loan Breakdown by Product NT $ billion by Industry Large Enterprise SME HK Branch OBU Mortgages Personal Loan Mortgage 10.58% 240 Manufacturing 236 11.37% 229 Real E
Slide 26: Asset Quality
02-2 Standalone Financial Results: O-Bank Excluding Hong Kong non-performing loans, NPL ratio would have decreased to 0.08% as Asset Quality of the end 1Q26, with NPL coverage ratio improving to 1,853%. NT $ million NT $ million NPL Coverage Ratio(Loan Loss Reserve/NPL) NPL Loan Loss Reserve LLR Rat
Slide 27: Capital Adequacy Ratio
02-2 Standalone Financial Results: O-Bank Capital Adequacy Capital Adequacy remained stable. Ratio (CAR) CAR Tier I CET1 14.49% 13.97% 14.05% 14.08% 13.69% 13.06% 13.21% 12.72% 12.54% 12.19% 13.06% 13.21% 12.36% 12.09% 12.11% 2022 2023 2024 2025 1Q26 26
Slide 28: Book Value per Share, EPS and P/B
02-2 Standalone Financial Results: O-Bank Book value per share continues to grow EPS/BVPS: NT $ EPS P/B Ratio Book Value Per Share one-off gain 0.75 0.67 0.70 0.68 0.68 0.63 14.58 14.39 14.72 14.05 13.30 12.45 YoY+2.3% 1.80 1.00 0.87 0.69 0.61 0.19 0.28 YoY+47.4% 2022 2023 2024 2025 2025Q1 2026Q1 27
Slide 29: Individual Financial Results - China Bills Finance Corp.
02-3 Individual Financial Results -China Bills Finance Corp.- 28
Slide 30: China Bills Finance: Net Revenue and Net Profit
02-3 Individual Financial Results: China Bills Finance Corp. Benefiting from interest rate cuts, lower funding costs boosted net interest income, leading to an 86% increase in net revenue and a 61% increase in net profit. NT $ million Net Revenue Net Profit NT $ million Others Net Fee Income 2,979 N
Slide 31: China Bills Finance: Assets, ROE, ROA & EPS
02-3 Individual Financial Results: China Bills Finance Corp. Assets ROE, ROA & EPS NT $ billion ROE ROA 9.32% Total Assets Outsanding Balances of Guarantee Growth Rate of Guarantee Balances 6.77% 6.29% 5.49% 5.48% 0.98% 13.7% 4.38% 7.1% 4.9% 0.2% 0.69% 0.60% 0.64% 0.58% -9.2% 0.48% 265 266 253 2022
Slide 32: China Bills Finance: Asset Quality and CAR
02-3 Individual Financial Results: China Bills Finance Corp. Maintaining sound asset quality and a stable capital adequacy ratio. NPL &Reserve for Guarantee Liabilities CAR NT $ million Reserve for Guarantee Liabilities NPL Ratio CAR (Total Capital) Tier 1 Capital 1,694 1,587 1,401 13.89% 1,382 1,37
Slide 33: Individual Financial Results - EverTrust Bank
02-4 Individual Financial Results -EverTrust Bank 32
Slide 34: EverTrust Bank: Net Revenue and Net Profit
02-4 Individual Financial Results: EverTrust Bank Net Revenue Net Profit USD million USD million Net Revenue Net Interest Income 19.75 36.3 36.7 33.1 34.1 YoY +2.3% YoY +12.2% 35.3 35.9 32.4 32.9 12.51 11.59 8.4 9.4 4.16 2.75 2.82 8.2 9.1 2022 2023 2024 2025 1Q25 1Q26 2022 2023 2024 2025 1Q25 1Q26 N
Slide 35: EverTrust Bank: Assets, ROE, ROA & EPS
02-4 Individual Financial Results: EverTrust Bank Assets, Loans & ROE, ROA & EPS ROE ROA Deposits Total Assets Loans USD million Deposits Growth Rate of Loans 8.70% 5.47% 5.02% 4.59% 4.42% 26.7% 1.87% 7.6% 3.4% 1.8% 1.28% 2.20% 1.26% -2.1% 1.19% 1.06% 0.48% 1,108 1,115 2022 2023 2024 2025 1Q25 1Q26
Slide 36: EverTrust Bank: NPL Ratio and CAR
02-4 Individual Financial Results: EverTrust Bank NPL Ratio & Coverage Ratio CAR Coverage Ratio 5505% 31.74% 30.47% 29.24% 27.37% 87% 459% 130% 139% 26.63% 2022 2023 2024 2025 1Q26 4.27% NPL Ratio 0.84% 0.82% 0.33% 0.03% 2022 2023 2024 2025 1Q26 2022 2023 2024 2025 1Q26 35
Slide 37: Key Strategic Focuses
03 Key Strategic Focuses 36
Slide 38: Dig Deep to Deliver
03 “Boutique Digital Bank” Strategy Strengthen overall infrastructure, deepen customer relationships Improve Asset-Liability Keep Growing Light- Structure Capital Businesses • Continue to increase the • Strengthen sales of low risk- proportion of digital and retail weighted products to improve retur
Slide 39: Boutique Digital Bank Strategy: Light-Capital Businesses
03 “Boutique Digital Bank” Strategy Provide solutions by combining low capital requirement products such as TMU, accounts • Strengthen sales of low risk- receivable, and trust. Keep Growing weighted products to Improve the richness of financial management products and customization capabilities:
Slide 40: Boutique Digital Bank Strategy: Overseas Expansion
03 “Boutique Digital Bank” Strategy • Accumulating customer relationships and early stage assets in Australia. Accumulate AUD assets through collaboration between the OBU and Accelerate • Accelerate the upgrade of Hong Kong Branch, and strengthen local business development in Australia. Overseas t
Slide 41: Investment Management & Development Strategy
03 Investment Management & Development Strategy Beijing Sunshine Consumer Finance (Investment under Equity Method) • Optimize the business structure in compliance with Beijing Sunshine regulatory standards. Consumer Finance • Strengthen risk control capabilities, monitor NPL ratios, and steadily inc
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Slide 44: O-Bank Financial Summary
王道銀行-財務摘要 (新台幣佰萬元) 1Q26 4Q25 3Q25 2Q25 1Q26 1Q25 YoY 損益表 利息收入 2,852 3,044 2,780 2,523 2,852 2,977 -4% 利息費用 (1,954) (2,150) (2,029) (1,840) (1,954) (2,169) -10% 淨利息收入 898 894 751 683 898 807 11% 淨手續費收入 311 217 210 179 311 279 11% 權益法認列損益 261 (18) 150 143 261 115 128% 其他淨收益 568 389 696 716 568 480 18%
Slide 45: China Bills Finance Financial Summary
中華票券-財務摘要 (新台幣佰萬元) 1Q26 4Q25 3Q25 2Q25 1Q26 1Q25 YoY 損益表 利息收入 1,262 1,265 1,229 1,206 1,262 1,182 7% 利息費用 (936) (972) (985) (989) (936) (1,012) -7% 淨利息收入 326 293 244 217 326 170 92% 淨手續費收入 470 402 406 412 470 388 21% 其他淨收益 298 29 178 210 298 29 925% 淨收益 1,094 724 828 839 1,094 587 86% 各項提存 110 94 78
Slide 46: EverTrust Bank Financial Summary
美國華信銀行-財務摘要 (美金仟元) 1Q26 4Q25 3Q25 2Q25 1Q26 1Q25 YoY 損益表 利息收入 14,708 15,177 15,177 13,982 14,708 13,121 12% 利息費用 (5,564) (6,046) (5,575) (4,975) (5,564) (4,971) 12% 淨利息收入 9,144 9,131 9,602 9,007 9,144 8,150 12% 淨手續費收入 206 105 159 161 206 178 16% 其他淨收益 20 24 126 22 20 22 -9% 淨收益 9,370 9,260 9,887 9,1