13 Financial Holding Companies' Q1 Profits Up 30% Year-on-Year, Earning Over NT$188.2 Billion, Second Highest in History
Taiwan's 13 listed financial holding companies reported a combined after-tax profit of NT$188.201 billion in Q1 2026, a 31.04% increase year-on-year, marking the second-highest Q1 profit in history. This growth was driven by an active stock market and lower foreign currency funding costs. Several companies, including Fubon Financial, Cathay Financial, and CTBC Financial, achieved record-high Q1 profits. Despite some valuation losses due to Middle East tensions, overall performance remained strong.
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- 📰 Published: April 15, 2026 at 19:37
- 🔍 Collected: April 15, 2026 at 20:01 (24 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 20:32 (30 min after Collected)
Central News Agency
(Central News Agency reporters Lu Yan-tzu, Su Ssu-yun, Taipei, 15th) The first-quarter profits of financial holding companies have been released. The combined after-tax profit of 13 listed financial holding companies reached NT$188.201 billion, the second-highest in the same period in history, an increase of 31.04% compared to NT$143.619 billion in the first quarter of last year. Driven by an active Taiwan stock market and lower foreign currency funding costs due to interest rate cuts, many financial holding companies set new record highs for the same period.
The March profits of the 13 financial holding companies were released. Benefiting from the booming capital market, the performance of financial holding companies' securities subsidiaries, coupled with strong deposit and loan and wealth management momentum from banking subsidiaries, boosted interest and fee income. The combined after-tax profit in March was NT$43.481 billion, a year-on-year increase of 12.61%. The first three months' profit performance ranked second in the same period in history, second only to NT$192.034 billion in the first quarter of 2021. Companies including CTBC Financial, Yuanta Financial, Taishin Shin Kong Financial, E.SUN Financial, First Financial, Hwatai Financial, and Union Bank of Taiwan all achieved record-high profits for the same period.
Fubon Financial's after-tax net profit in March was NT$2.57 billion, and its cumulative after-tax net profit for the first three months was NT$33.27 billion, a year-on-year decrease of 19%. Earnings per share (EPS) was NT$2.37, remaining the highest among financial holding companies. Taipei Fubon Bank, Fubon Securities, and Fubon Asset Management all achieved record-high monthly and first-quarter profits for the same period. However, due to escalating conflicts in the Middle East, financial assets experienced valuation losses in March, coupled with an increase in taxable income and proportion in March, resulting in income tax expenses. This led to Fubon Life's after-tax net loss of NT$1.94 billion in March, with a first-quarter profit of NT$15.12 billion.
Cathay Financial's after-tax net profit in March was NT$5.03 billion, and its first-quarter profit reached NT$31.66 billion, a year-on-year decrease of 1.4%. EPS was NT$2.15. Cathay United Bank, Cathay Century Insurance, Cathay Securities, and Cathay Securities Investment Trust all achieved record-high cumulative profits for the same period. Cathay Life's after-tax net profit in March was NT$720 million, with a first-quarter profit of NT$17.37 billion. In March, the Middle East conflict affected the valuation of financial assets, but robust contractual service margins (CSM) stable amortization and recurring income injections maintained stable operations.
CTBC Financial's after-tax profit in March was NT$7.577 billion, and its first-quarter profit was NT$23.104 billion, setting a new record high for the same period, a year-on-year increase of 16%. EPS was NT$1.18. CTBC Bank benefited from the growth of deposit and loan businesses and strong wealth management momentum, driving its first-quarter profit to NT$16.586 billion, the best for the same period in history. However, due to the sharp fluctuations in financial asset prices caused by the outbreak of the Middle East war in March, Taiwan Life's monthly profit was only NT$545 million.
Yuanta Financial's self-reported after-tax net profit in March reached NT$4.616 billion, and its first-quarter after-tax net profit was NT$14.409 billion, setting a new record high for the same period in history, a year-on-year increase of 88.65%. EPS was NT$1.08.
Taishin Shin Kong Financial's profit in March was NT$6.07 billion, and its first-quarter profit was NT$21.06 billion, an increase of 3.45 times compared to Taishin Financial before the merger last year. EPS was NT$0.82. Benefiting from strong core business momentum, net interest income and net fee income both showed double-digit growth. Banking subsidiaries Taishin Bank and Shin Kong Bank's first-quarter after-tax net profits were NT$6.35 billion and NT$2.24 billion, respectively, both setting new historical highs for the same period. Shin Kong Life's cumulative after-tax net profit was NT$11.92 billion, with stable profits. Securities subsidiaries Taishin Securities and Yuanta Securities' cumulative after-tax net profit totaled NT$3.08 billion, also showing a year-on-year increase.
Union Bank of Taiwan's self-reported after-tax net profit in March was NT$2.749 billion, and its first-quarter after-tax net profit was NT$10.941 billion, setting a new record high for the same period, with a year-on-year growth rate of 51.92%. EPS was NT$0.75. Among them, the main profit driver, subsidiary Union Bank, benefited from the simultaneous increase in net interest income and net fee income, with a first-quarter after-tax profit of NT$7.349 billion, a year-on-year increase of 18.44%.
KGI Financial's after-tax profit in March was NT$2.026 billion, and its first-quarter profit was NT$11.69 billion, setting a new record high for the same period, a year-on-year increase of 34%. EPS was NT$0.69. KGI Life's profit in March was NT$717 million. The investment portion was affected by the Middle East war, resulting in unrealized valuation losses, but some capital gains were still realized. KGI Bank's first-quarter profit reached NT$2.099 billion, a year-on-year increase of 23%. KGI Securities' first-quarter profit was NT$5.906 billion, also setting a new record high for the same period, a year-on-year increase of 220%, due to an increase in trading days in March and continued high trading volume.
E.SUN Financial's self-reported after-tax net profit in March was NT$3.013 billion, and its first-quarter after-tax net profit was NT$10.057 billion, setting a new record high for the same period, a year-on-year increase of 14.39%. Its main subsidiary, E.SUN Bank, had a first-quarter after-tax profit of NT$8.762 billion, a year-on-year increase of 0.45%.
O-Bank's after-tax profit in March was NT$205 million, and its first-quarter profit was NT$897 million, a year-on-year increase of 123.34%. EPS was NT$0.25. O-Bank pointed out that benefiting from the cumulative three interest rate cuts by the US Federal Reserve since 2025, the foreign currency funding costs of International Bills Finance Corporation decreased. Coupled with the increase in daily trading volume in the securities market and effective proprietary trading operations, O-Bank Securities' cumulative profit grew significantly by 224%.
Regarding the four major public financial holding companies, Mega Financial's profit in March was NT$2.401 billion, and its first-quarter profit was NT$9.397 billion, a year-on-year increase of 17.3%. EPS reached NT$0.63, remaining the leader among public financial holding companies. First Financial's after-tax net profit in March was NT$2.711 billion, and its cumulative after-tax net profit was NT$8.244 billion, setting a new record high for the same period, a year-on-year increase of 14.4%. EPS was NT$0.57. Hwatai Financial's after-tax net profit in March was NT$2.558 billion, and its cumulative after-tax net profit was NT$7.66 billion, also a new record high for the same period, a year-on-year increase of 43.5%. EPS was NT$0.55. Union Bank of Taiwan's after-tax net profit in March was NT$1.955 billion, and its cumulative after-tax net profit was NT$5.812 billion, setting a new record high for the same period, a year-on-year increase of 16.5%. EPS was NT$0.36. (Editor: Lin Shu-yuan) 1150415
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(Central News Agency reporters Lu Yan-tzu, Su Ssu-yun, Taipei, 15th) The first-quarter profits of financial holding companies have been released. The combined after-tax profit of 13 listed financial holding companies reached NT$188.201 billion, the second-highest in the same period in history, an increase of 31.04% compared to NT$143.619 billion in the first quarter of last year. Driven by an active Taiwan stock market and lower foreign currency funding costs due to interest rate cuts, many financial holding companies set new record highs for the same period.
The March profits of the 13 financial holding companies were released. Benefiting from the booming capital market, the performance of financial holding companies' securities subsidiaries, coupled with strong deposit and loan and wealth management momentum from banking subsidiaries, boosted interest and fee income. The combined after-tax profit in March was NT$43.481 billion, a year-on-year increase of 12.61%. The first three months' profit performance ranked second in the same period in history, second only to NT$192.034 billion in the first quarter of 2021. Companies including CTBC Financial, Yuanta Financial, Taishin Shin Kong Financial, E.SUN Financial, First Financial, Hwatai Financial, and Union Bank of Taiwan all achieved record-high profits for the same period.
Fubon Financial's after-tax net profit in March was NT$2.57 billion, and its cumulative after-tax net profit for the first three months was NT$33.27 billion, a year-on-year decrease of 19%. Earnings per share (EPS) was NT$2.37, remaining the highest among financial holding companies. Taipei Fubon Bank, Fubon Securities, and Fubon Asset Management all achieved record-high monthly and first-quarter profits for the same period. However, due to escalating conflicts in the Middle East, financial assets experienced valuation losses in March, coupled with an increase in taxable income and proportion in March, resulting in income tax expenses. This led to Fubon Life's after-tax net loss of NT$1.94 billion in March, with a first-quarter profit of NT$15.12 billion.
Cathay Financial's after-tax net profit in March was NT$5.03 billion, and its first-quarter profit reached NT$31.66 billion, a year-on-year decrease of 1.4%. EPS was NT$2.15. Cathay United Bank, Cathay Century Insurance, Cathay Securities, and Cathay Securities Investment Trust all achieved record-high cumulative profits for the same period. Cathay Life's after-tax net profit in March was NT$720 million, with a first-quarter profit of NT$17.37 billion. In March, the Middle East conflict affected the valuation of financial assets, but robust contractual service margins (CSM) stable amortization and recurring income injections maintained stable operations.
CTBC Financial's after-tax profit in March was NT$7.577 billion, and its first-quarter profit was NT$23.104 billion, setting a new record high for the same period, a year-on-year increase of 16%. EPS was NT$1.18. CTBC Bank benefited from the growth of deposit and loan businesses and strong wealth management momentum, driving its first-quarter profit to NT$16.586 billion, the best for the same period in history. However, due to the sharp fluctuations in financial asset prices caused by the outbreak of the Middle East war in March, Taiwan Life's monthly profit was only NT$545 million.
Yuanta Financial's self-reported after-tax net profit in March reached NT$4.616 billion, and its first-quarter after-tax net profit was NT$14.409 billion, setting a new record high for the same period in history, a year-on-year increase of 88.65%. EPS was NT$1.08.
Taishin Shin Kong Financial's profit in March was NT$6.07 billion, and its first-quarter profit was NT$21.06 billion, an increase of 3.45 times compared to Taishin Financial before the merger last year. EPS was NT$0.82. Benefiting from strong core business momentum, net interest income and net fee income both showed double-digit growth. Banking subsidiaries Taishin Bank and Shin Kong Bank's first-quarter after-tax net profits were NT$6.35 billion and NT$2.24 billion, respectively, both setting new historical highs for the same period. Shin Kong Life's cumulative after-tax net profit was NT$11.92 billion, with stable profits. Securities subsidiaries Taishin Securities and Yuanta Securities' cumulative after-tax net profit totaled NT$3.08 billion, also showing a year-on-year increase.
Union Bank of Taiwan's self-reported after-tax net profit in March was NT$2.749 billion, and its first-quarter after-tax net profit was NT$10.941 billion, setting a new record high for the same period, with a year-on-year growth rate of 51.92%. EPS was NT$0.75. Among them, the main profit driver, subsidiary Union Bank, benefited from the simultaneous increase in net interest income and net fee income, with a first-quarter after-tax profit of NT$7.349 billion, a year-on-year increase of 18.44%.
KGI Financial's after-tax profit in March was NT$2.026 billion, and its first-quarter profit was NT$11.69 billion, setting a new record high for the same period, a year-on-year increase of 34%. EPS was NT$0.69. KGI Life's profit in March was NT$717 million. The investment portion was affected by the Middle East war, resulting in unrealized valuation losses, but some capital gains were still realized. KGI Bank's first-quarter profit reached NT$2.099 billion, a year-on-year increase of 23%. KGI Securities' first-quarter profit was NT$5.906 billion, also setting a new record high for the same period, a year-on-year increase of 220%, due to an increase in trading days in March and continued high trading volume.
E.SUN Financial's self-reported after-tax net profit in March was NT$3.013 billion, and its first-quarter after-tax net profit was NT$10.057 billion, setting a new record high for the same period, a year-on-year increase of 14.39%. Its main subsidiary, E.SUN Bank, had a first-quarter after-tax profit of NT$8.762 billion, a year-on-year increase of 0.45%.
O-Bank's after-tax profit in March was NT$205 million, and its first-quarter profit was NT$897 million, a year-on-year increase of 123.34%. EPS was NT$0.25. O-Bank pointed out that benefiting from the cumulative three interest rate cuts by the US Federal Reserve since 2025, the foreign currency funding costs of International Bills Finance Corporation decreased. Coupled with the increase in daily trading volume in the securities market and effective proprietary trading operations, O-Bank Securities' cumulative profit grew significantly by 224%.
Regarding the four major public financial holding companies, Mega Financial's profit in March was NT$2.401 billion, and its first-quarter profit was NT$9.397 billion, a year-on-year increase of 17.3%. EPS reached NT$0.63, remaining the leader among public financial holding companies. First Financial's after-tax net profit in March was NT$2.711 billion, and its cumulative after-tax net profit was NT$8.244 billion, setting a new record high for the same period, a year-on-year increase of 14.4%. EPS was NT$0.57. Hwatai Financial's after-tax net profit in March was NT$2.558 billion, and its cumulative after-tax net profit was NT$7.66 billion, also a new record high for the same period, a year-on-year increase of 43.5%. EPS was NT$0.55. Union Bank of Taiwan's after-tax net profit in March was NT$1.955 billion, and its cumulative after-tax net profit was NT$5.812 billion, setting a new record high for the same period, a year-on-year increase of 16.5%. EPS was NT$0.36. (Editor: Lin Shu-yuan) 1150415
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FAQ
How much profit did Taiwan's financial holding companies make in Q1 2026?
The 13 financial holding companies collectively reported an after-tax profit of NT$188.201 billion.
How did this profit compare to the same period last year?
It increased by 31.04% year-on-year, marking the second-highest record for the same period in history.