Fubon Financial (2881) Q3 2025 earnings summary

Executive summary

• Net profit reached NT$90.91 billion and EPS NT$6.23 for the nine months ended September 30, 2025, leading among Taiwan financial holding companies despite YoY declines due to FX fluctuations and capital market volatility.

• Total assets exceeded NT$12.4 trillion, up 5.0% YoY, with net worth at NT$943.4 billion.

• Subsidiaries showed mixed results: Taipei Fubon Bank and Fubon Insurance posted strong profit growth, while Fubon Life and Fubon Securities saw YoY declines.

• The group maintained a strong capital position, with equity attributable to owners at NT$943.36 billion.

• Fubon Financial Holding ranked among the top 500 sustainable companies globally by Time Magazine, top one in Taiwan.

Financial highlights

• Net profit for the first 10 months exceeded NT$108 billion, with EPS at $7.51; for the nine months ended September 30, 2025, net profit was NT$90.91 billion, down 25.1% YoY.

• Fubon Life net profit was NT$47.84 billion (down 38.6% YoY); investment return after hedge at 4.23%.

• Taipei Fubon Bank net profit surpassed NT$29.17 billion (up 16.2% YoY), a historical high for the period.

• Fubon Insurance net profit rose over 48% YoY to NT$5.10 billion; direct written premiums up 4.5% YoY.

• Fubon Securities net profit was NT$7.63 billion (down 6.1% YoY) due to lower trading volume.

Outlook and guidance

• Focus on optimizing digital services, expanding wealth management, and dynamically adjusting investment and hedge portfolios in response to market and FX conditions.

• Expectation for recurring CS hedging costs to continue improving.

• Interest rate spread targeted to gradually improve with product structure adjustments and lower hedging costs.

• The group is preparing for the adoption of IFRS 17 “Insurance Contracts” from January 1, 2026, with ongoing implementation projects and system upgrades.

• Continued emphasis on ESG, digitalization, and sustainable finance, with 2025 and 2030 targets set for green finance, decarbonization, and customer satisfaction.