Fubon Financial (2881) Q4 2025 earnings summary

Executive summary

• Achieved record highs in net profit, EPS, assets, and net worth, ranking top in Taiwan's financial holding industry, with net income of NT$120.94bn and top EPS for 17 consecutive years.

• All major subsidiaries—banking, securities, insurance, and overseas banking—posted record profits, though Fubon Life's profit declined due to a one-off FX reserve provision.

• Fubon Bank (Hong Kong) received an S&P rating upgrade to A-, and all subsidiaries maintained a "Stable" outlook from international credit rating agencies.

Financial highlights

• Net profit and EPS reached industry highs; net income of NT$120.94bn and EPS of NT$8.37, but net income declined 19.8% YoY due to a one-time FX reserve provision at Fubon Life.

• Total assets rose to NT$12.9tn, up 6.7% YoY; net worth at NT$982.6bn, up 3.3% YoY.

• ROA at 0.97% and ROE at 12.51%, both strong but declined YoY due to net income fluctuations and asset expansion.

• Fubon Life net profit exceeded TWD 62bn; FX reserve at TWD 14.2bn, highest among peers.

• All major subsidiaries posted record profits; Fubon Life's net income dropped due to regulatory FX reserve requirements.

Outlook and guidance

• 2026 expected to be challenging but presents opportunities for risk management and growth, with a focus on optimizing product structure, expanding SME and overseas banking, and growing wealth management.

• Maintain positive investment spread, enhance risk control, and accelerate digital transformation and overseas expansion.

• Continued emphasis on sustainable finance, decarbonization, and leveraging resources for business scale expansion.