永豐金控

SinoPac Holdings Reported Record Quarterly Highs for Both Net Revenue and Net Income in the First Quarter Of 2026, Achieving an Annualized ROE of 17.1%

June 17, 2026 – SinoPac Holdings (TWSE: 2890) today reported its financial results for the first quarter of 2026. Net income after tax reached NT$10,974 million, representing a 52% YoY increase, setting an all-time high for the company. First-quarter earnings per share (EPS) stood at NT$0.76, with an annualized ROE of 17.1%.

Net revenue for the first quarter reached NT$26,199 million, also a record high, driven primarily by the strong performance of net interest income and net fee income. Benefiting from US rate cuts, loan growth, and M&A synergies, net interest income grew by 41% YoY. Net fee income rose by 43% YoY, fueled by wealth management and securities brokerage businesses. Furthermore, other net revenue increased by 35% YoY due to higher capital gains and better results from our venture capital subsidiary.

Bank SinoPac reported net revenue of NT$17,070 million for the first quarter of 2026, an increase of 15.8% YoY, and net income after tax of NT$7,378 million, up 18.9% YoY, with an annualized ROE of 14.8%. Net interest income, benefiting from lower USD funding costs and strong foreign currency loan growth, increased by 25% YoY to NT$9,854 million. Including the impact of FX swap income, the adjusted net interest margin expanded by 7 basis points YoY to 1.45%. Net fee income was NT$4,463 million, up 6.2% YoY, driven mainly by the wealth management business. Including gains from structured products, the bank’s wealth management fee income grew by nearly 28% YoY. Asset quality remained robust, with the NPL ratio dipping slightly to a low of 0.18% and the NPL coverage ratio reaching 795%.

King's Town Bank reported net income after tax of NT$1,539 million for the first quarter of 2026, surging by 144.1% YoY. Net interest income for the first quarter grew by 6.6% YoY to NT$1,546 million. Meanwhile, NIM expanded by 7 bps to 1.92%, benefiting from lower USD funding costs. Net fee income rose by 36% YoY to NT$651 million, delivering a stellar performance primarily driven by wealth management businesses such as insurance. Asset quality maintained a top-tier level, with an NPL ratio of only 0.06% and a coverage ratio of 2408%.

SinoPac Securities recorded net income after tax of NT$2,363 million for the first quarter of 2026, up 96% YoY, reaching a record high, with an annualized ROE of 23.1%. Recurring net revenue grew by 56% YoY to NT$4,460 million, of which net fee income surged by 78% YoY to NT$4,257 million. Benefiting from strong momentum in both price and volume in the Taiwan stock market, domestic brokerage fees soared by 103% YoY, while wealth management fees, which include sub-brokerage and other financial product distribution services, also grew by 31%. Coupled with contributions from capital gains, overall net revenue reached NT$6,384 million, a YoY increase of 72%. In addition, following the integration of CL Securities Taiwan CLST Securities in October 2025, our securities brokerage market share increased by 25 bps YoY to 5.06%.

For the first quarter, both our net revenue and net income set new quarterly records, and our annualized ROE climbed to 17.1%, establishing a strong starting point for the year. Such outstanding results highlight the resilient growth momentum in our core operations and the synergies from our recent strategic acquisitions. Moving forward, we will further solidify our domestic roots while accelerating our global expansion to support Taiwanese businesses worldwide. We will steadfastly implement our five strategies, balancing the pursuit of organic growth with the realization of M&A synergies. Driven by our core goal of boosting ROE, we are dedicated to maximizing long-term value for our shareholders, customers, and employees.