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First Financial Holding 1H26 Earnings Results August 27, 2026
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Disclaimer This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). The information contained within is not reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by FFHC. While we endeavor to provide accurate, complete and consistent information herein, FFHC makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter. Users should also notice that this presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business plans and future outlook are forward-looking statements. By their nature, forward- looking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but not limited to, regulatory developments, competitive environments, technological developments, general economic conditions and management changes. The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. FFHC and all its affiliates representatives, no matter for their negligence or any other reasons, should not be liable for any loss or damages arising from the use of or interpretation by others of information contained within this presentation or any matter related to this document. 2
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Contents - At a Glance - Financial Highlights - Operating Results - Appendix
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At a Glance
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5 Record 1H Earnings on Franchise Strength ◼ FFHC 1H26 net profit rose 41.9% YoY to NT$17,798mn, or NT$1.24 per share Earnings momentum broadened from the flagship banking arm into securities, life insurance, asset management, venture capital etc. First Bank posted NT$15,456 mn (+11.9% YoY), while non-bank subsidiaries contributed NT$3,071mn, lifting their earnings contribution to 15.7%. ◼ Stable Profit Growth at Life Insurance Sub under IFRS 17; Earnings of Other Non-Bank Subs More Than Doubled Driven by favorable market conditions and effective business strategies to grow non- bank subs, the securities arm posted NT$1,411mn (+373.5% YoY) for the first half of 2026, the asset management arm delivered NT$192mn (+134.1% YoY) and venture capital arm achieved NT$875mn (+749.5% YoY). Meanwhile, life insurance subsidiary grew steadily to NT$418mn. All these companies performed strongly. ◼ Bank earnings underpinned by higher NII and robust fee growth First Bank’s net revenue grew 8.1% YoY (an increase of NT$2,656mn), driven by an 18.1% increase in NII on loan growth, alongside a 23.1% rise in fee income on the back of a strong 30.5% growth in wealth management revenue, resulting from surging market and high-asset customers’ needs for asset allocation and wealth succession planning. ◼ Accelerating momentum in lending and cross-border demand Benefiting from ongoing cross-border demand amid the tech boom, total loan expanded 11.1% YoY to NT$2.95tn. FX and large corporate lending increased 25.7% and 13.5% YoY respectively. SME lending, growing 6.0% YoY, surpassing the NT$1tn milestone and maintaining its No. 1 market position. Mortgage was steady at 5.5% YoY.
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Financial Highlights
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FFHC Key Figures Securities NT$1,411; 7.7% Investment Trust NT$192; 1.1 % Life NT$418; 2.3% Key Figures (in NT$, NT$ mn)Net Income Breakdown (in NT$ mn) Consolidated Net Income Comprehensive Income Total Assets EPS Book Per Share Capital Stock ROAE ROAA Group CAR2 Double Leverage3 * Others include VC, Consulting subsidiaries, and impacts from IFRS 17 cross-sales etc. 1. All figures were based on IFRS 17 except for Group CAR. 2. The figure of 1H25 was based on IFRS 4, while the figure of 1H26 was based on IFRS 17. 3. Double leverage = equity investment / shareholder equity AMC NT$172; 0.9% 1H26 17,798 31,318 5,235,189 1.24 20.97 143,795 11.98% 0.70% 125.60% 114.79% YoY % +41.9% +322.1% +8.9% +42.5% +11.6% +2.5% +26.9% +34.6% -3.3% -0.5% 1H251 12,541 7,420 4,807,416 0.87 18.79 140,287 9.44% 0.52% 129.83% 115.31% 7 Bank NT$15,456; 84.3% Others* NT$679; 3.7%
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1H26 Consolidated Net Income & Comprehensive Income (in NT$ mn) FFHC Net Income & Comprehensive Income 1H25 Consolidated Net Income & Comprehensive Income (in NT$ mn) 1 8 41,158 17,798 31,318 (1,748) (221) (17,566) (3,825) Net Revenue Credit Charge Insurance Reserves Operating Expense Income Tax Net Income Comprehensive Income ↑23.3% ↑41.9% 33,392 12,541 7,420 (1,340) 168 (16,274) (3,405) Net Revenue Credit Charge Insurance Reserves Operating Expense Income Tax Net Income Comprehensive Income 1. The figures of 1H25 were based on IFRS 17.
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13,807 298 82 97 102 12,541 15,456 1,411 192 418 172 875 17,798 First Bank First Securities FSITC First Life First AMC First VC FFHC 1H25 1H26 9 ↑ 11.9% ↑ 41.9% ↑ 373.5% ↑ 749.5% (1,006) Net Income Breakdown by Subsidiaries1 Net Income of FFHC and Subsidiaries（in NT$ mn) 1. Major 5 subsidiaries were listed. 2. The figures of 1H25 FFHC & First Life were based on IFRS 17.
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Operating Results
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Cumulative Net Income Annualized ROAE Cumulative Net Income FFHC’S & First Bank’s Profitability -After Tax FFHC Net Income & ROAE (in NT$ mn) 1 1 5 , 3 7 7 1 9 , 3 6 9 2 , 9 3 8 8 , 7 6 4 1 3 , 3 7 8 1 6 , 8 0 8 5 , 0 2 9 1 0 , 9 1 3 9M19 6M21 Annualized ROAE 11 10.92% 10.80% 9.82% 10.60% 10.52% 10.52% 9.61% 11.16% 11.98% 13,729 20,808 25,359 7,206 13,946 21,699 26,933 8,244 17,798 6M24 9M24 2024 3M25 6M25 9M25 2025 3M26 6M26 9.92% 9.84% 8.99% 9.68% 9.92% 9.55% 8.79% 9.72% 9.88% 12,799 19,443 23,806 6,778 13,807 20,551 25,663 7,573 15,456 6M24 9M24 2024 3M25 6M25 9M25 2025 3M26 6M26 First Bank Net Income & ROAE (in NT$ mn) 1. Figures of 3M26 & 6M26 were based on IFRS 17, and all other figures were based on IFRS 4.
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14,759 6,497 10,853 2,847 1,531 14,400 17,429 7,997 9,263 3,054 1,364 14,964 NII Net Fee Gains on investment provision recovery operating exp. Cumulative Net Revenue (in NT$ mn) % of Net Revenue Net Interest Income Net Fee Income Gains On Fin. Products Operating Expense Pre-tax Profit Breakdown (in NT$ mn ) FB Pre-tax Profits Breakdown Gross Provision Recovery ↑ 3.9% 12 ↑ 18.1% ↑23.1% 1H25 1H26 1H25 1H26 1H25 1H26 1H25 1H26 1H25 1H26 1H25 1H26 32,744 35,400 1H25 1H26 Cumulative Net Revenue +8.1% Item 1H25 1H26 Change NII 45.1% 49.2% +4.1% Net Fee 19.9% 22.6% +2.7% Gains On Fin. Products 33.1% 26.2% -6.9% Others 1.9% 2.0% +0.1% Total Net Revenue 100.0% 100.0% Gross Provision -8.7% -8.6% +0.1% Recovery 4.7% 3.8% -0.9% Operating Expense -44.0% -42.3% +1.7% Income Before Tax 52.0% 52.9% +0.9%
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Item 1H25 1H26 Change Consumer 32.1% 31.5% -0.6% Mortgage 27.9% 26.5% -1.4% Other Consumer Loan 4.2% 5.0% +0.8% Corporate Banking 67.9% 68.5% +0.6% Large Corp. Loan 13.2% 13.5% +0.3% SME Loan2 36.8% 35.2% -1.6% F/X Loan 15.7% 17.8% +2.1% --- Overseas 11.4% 13.0% +1.6% Gov./ SOE Loan 2.2% 2.0% -0.2% Loan Book1 100.0% 100.0% FB Loan Book Mix Loan Book (in NT$ bn) Loan Book Mix (in NT$ bn ) Mortgage Large Corp. Loan F/X Loan Others3 1. Loan book does not include NALs 2. SME is defined by the “Standards for Identifying Small and Medium-sized Enterprises” 3. Included other consumer loan and Gov./SOE loan. % of Loan Book Mix 2,655.4 2,949.9 1H25 1H26 Loan Book1 +11.1% SME Loan2 13 741.4 349.6 978.3 417.9 168.2 782.1 396.9 1,037.3 525.5 208.1 ↑5.5% ↑13.5% ↑ 6.0% ↑ 25.7% Overseas 301.9 Overseas 382.1 1H25 1H26 1H25 1H26 1H25 1H26 1H25 1H26 1H25 1H26 ↑26.6%
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FB Loan Book Mix -QoQ Comparison QoQ Loan Book Mix (in NT$ bn) ↓ 0.3% 14 QoQ 2,655.4 2,744.1 2,808.3 2,959.9 2,949.9 168.2 168.5 169.2 238.5 208.1 417.8 456.7 483.2 537.8 525.5 349.7 375.7 377.4 378.9 396.9 978.3 992.8 1,017.8 1,032.8 1,037.3 741.4 750.4 760.7 771.9 782.1 2Q25 3Q25 4Q25 1Q26 2Q26 Mortgage SME Large Corp. F/X Others ↑1.3% ↑0.4% ↓ 2.3% ↑4.8%
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FB LDR, SPREAD &NIM 1. Total Loan = loan + import/export negotiation + NALs 2. Annual cumulative average spread, NIM and adjusted NIM △△ 71.02% 71.11% 70.68% 70.03% 70.34% 70.47% 73.93% 72.52% 15 NTD 86.5% F/X 44.0% Total Loan1 & LDR (in NT$ bn) Loan-Deposit Spread / NIM / Adjusted NIM2 0.68% 0.67% 0.67% 0.71% 0.71% 0.72% 0.77% 0.76% 1.18% 1.17% 1.11% 1.11% 1.13% 1.15% 1.19% 1.18% 3Q24 2024 1Q25 2Q25 3Q25 2025 1Q26 2Q26 NIM Spread Total Loan LDR 2,574.5 2,647.2 2,676.0 2,659.5 2,749.2 2,813.5 2,964.5 2,954.9 3Q24 2024 1Q25 2Q25 3Q25 2025 1Q26 2Q26
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FX Rates & Spreads Overview Interest Spread (NTD)Lending Rate (NTD) Lending Rate (FX)Deposit Rate (FX) *All rates are quarterly average rates. Deposit Rate (NTD) Interest Spread (FX) FB Loan Yields, Costs & Spreads 1.26% 1.28% 1.28% 1.26% 1.28% 2.06% 2.06% 2.06% 1.97% 1.95% 3.35% 3.24% 3.05% 2.91% 2.99% 5.41% 5.30% 5.11% 4.88% 4.94% 2Q25 3Q25 4Q25 1Q26 2Q26 16 1.10% 1.09% 1.10% 1.09% 1.08% 2.36% 2.37% 2.38% 2.35% 2.36% 2Q25 3Q25 4Q25 1Q26 2Q26 NTD Rates & Spreads Overview
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2,717.9 2,804.0 1,005.0 1,195.6 1H25 1H26 Deposit Mix (in NT$ bn) FB Deposit Mix NTD Deposit F/X deposit △ NTD CASA rate +3.2% Total Deposit 3,999.6 bn +7.4% YoY NTD CASA Rate +19.0% 17 62.75% 61.82% 62.13% 62.88% 2024 1H25 2025 1H26
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3.56% 5.32% 5.19% 3.90% Machinery Tech. Metal Petro. 5.35% 3.43% 10.69% 9.81% 3.26% Financial & Insurance Transportation & Warehousing Real Estate Wholesale/Retail Construction Major Exposures to Specific Industries Manufacturing (22.69%) Non-Manufacturing (77.31%) % of Loan to Industries 18
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2.30% 2.30% 2.31% 2.31% 2.32% Mortgage NPL: 0.09% FB Mortgage Book Mix Mortgage Yield & LTV Ratio Monthly New Mortgage Lending 64.84% 64.79% 64.86% 65.03% 64.97% 48.86% 48.80% 48.85% 48.95% 48.95% 2Q25 3Q25 4Q25 1Q26 2Q26 Loan-to-value ratio of new mortgage Avg. loan-to-value ratio Mortgage Yield 19 Taipei Area 43.2% Taoyuan Area 19.8% Taichung Area 12.8% Tainan Area 9.9% Kaohsiung Area 11.4% East Area 2.9% 10,226 10,417 8,985 11,445 9,512 7,618 11,252 10,648 6,699 13,162 8,437 10,816 9,492 9,637 11,207 4M25 5M25 6M25 7M25 8M25 9M25 10M25 11M25 12M25 1M26 2M26 3M26 4M26 5M26 6M26 32,415 30,33629,628 % of Mortgage by Location Monthly New Mortgage Lending (in NT$ mn)
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4,436 1,228 347 206 280 5,788 1,281 356 252 320 FB Fee Income Breakdown Cumulative Net Fee Income (in NT$ mn) Cumulative Net Fee Breakdown ( in NT$ mn ) WM Fee 1 Loan-related F/X Credit Card 1. WM Fee = fund sales + bancassurance + custodian 2. Channel fees charged by branches (overseas branches included) Cumulative Net Fee Income Item 1H25 1H26 Change WM Fee1 68.3% 72.4% +4.1% Loan-related 18.9% 16.0% -2.9% F/X 5.3% 4.4% -0.9% Credit Card 3.2% 3.2% 0.0% Other2 4.3% 4.0% -0.3% Net Fee Income 100.0% 100.0% Net Fee Income Breakdown 2 Others 2 6,497 7,997+23.1% 1H25 1H26 20 ↑30.5% 1H25 1H26 1H25 1H26 1H25 1H26 1H25 1H26 1H25 1H26
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3,174 3,187 3,375 3,779 4,218 830 895 970 1,128 1,337 1,150 1,024 1,169 1,345 1,524 169 173 184 205 249 577 625 603 649 632 180 167 184 159 197 119 126 116 115 137 149 177 149 178 142 2Q25 3Q25 4Q25 1Q26 2Q26 FB Fee Income Breakdown -QoQ Comparison Loan Related Credit Card QoQ Fee Income Breakdown (in NT$ mn) F/X Related Quarterly fee income Others1 Mutual Fund Custody Wealth Management2 Bancassurance ↑11.6% Mutual Fund ↑ 18.5% Bancassurance ↑ 13.3% QoQ 21 1. Channel fees charged by branches (overseas branches included) 2. WM Fee = fund sales + bancassurance + custodian Custody ↑ 21.1%
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FB Cost-to-Income Ratio Operating Expense Cumulated Cost-to-Income RatioNet Revenue Cumulative Operating Expense (in NT$ mn) Cost-to-Income (in NT$ mn) 14,485 15,595 17,149 17,331 16,489 17,104 18,296 7,310 7,072 7,328 7,137 7,306 7,056 7,908 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 22 14,400 14,964 1H25 1H26 Cumulative Operating Expense +3.9% Item 1H25 1H26 Net Revenue 32,744 35,400 Operating Expense (14,400) (14,964) Provision(Net) (1,316) (1,690) Income Tax (3,221) (3,290) Net Income 13,807 15,456 44.38% 45.35% 43.98% 43.01% 43.33% 41.25% 42.27% Quarterly Operating Expense & Cumulated Cost-to-Income Ratio (in NT$ mn)
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819.77% 801.27% 843.19% 847.89% 862.04% 865.23% 874.21% 4,480 4,622 4,378 4,610 4,734 4,640 4,660 36,727 37,033 36,911 39,092 40,812 40,147 40,739 2024 1Q25 2Q25 3Q25 2025 1Q26 2Q26 0.17% 0.17% 0.16% 0.17% 0.17% 0.16% 0.16% FB Asset Quality NPL, NPL Reserve, Coverage Ratio, NPL Ratio (in NT$ mn ) 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.17% 0.19% 0.17% 0.18% 2Q25 3Q25 2025 1Q26 2Q26 Large Corp. SME Individual 1 & Mortgage NPL Ratios Large Corp. & SME NPL Ratios 1. Individual: mortgage and non-mortgage loan included 0.12% 0.12% 0.12% 0.08% 0.08% 0.11% 0.11% 0.11% 0.07% 0.09% 2Q25 3Q25 2025 1Q26 2Q26 Individual Mortgage NPL RatioCoverage Ratio NPL NPL Reserve 23
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FB Overseas Profits Overseas Cumulative Overseas PTP to FB Total PTPTotal Overseas Pre-Tax Profits Mix Quarterly Overseas & Total PTP (in NT$ mn) FB Total Pre-Tax Profits Mix 24 26.73% 26.93% 28.66% 29.55% 26.88% 26.35% 2,260 2,326 2,559 2,168 2,467 2,473 8,455 8,573 7,901 6,589 9,178 9,568 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 56.53% 15.69% 8.93% 18.85% 1H26 Overseas NT$4,940mn OBU/Greater China North America Asean Others Domestic Market, 73.65% OBU/Greater China, 14.92% Others, 11.43% 1H26 Total Pre -Tax Profits: NT$18,746 mn
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CAR & Core Capital 130.05% 122.45% 126.05% 129.83% 130.73% 125.60% 100% 2H23 1H24 2H24 1H25 2H25 1H26 Group CAR Statutory CAR FB CAR & Core Capital FFHC Group CAR 1 25 14.56% 13.87% 14.45% 15.38% 15.46% 15.06% 12.61% 11.96% 12.29% 13.14% 13.22% 12.82% 10.91% 10.37% 10.75% 11.51% 11.70% 11.36% 2H23 1H24 2H24 1H25 2H25 1H26 FB CAR Tier 1 CET 1 1. Only figure of 1H26 was based on IFRS17, and all other figures were based on IFRS4.
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26 Awards and Recognition International Ratings & Indices FTSE4Good Emerging Index Included as constituent stock in the “FTSE4Good Emerging Index” for 9 consecutive years. CDP Leadership Level Received CDP “A” leadership ratings in Climate Change, Water Security and Forests — the only financial institution in Southeast Asia to achieve Triple A. Dow Jones Best-in-Class Indices Selected for the DJBIC World Index for 8 consecutive years, and the Emerging Markets Index for 10 consecutive years. S&P Global Sustainability Yearbook Member of the S&P Global Sustainability Yearbook for the 9th time; ranked top 5% of the global banking industry. Taiwan Awards & Recognition Healthy Workforce Sustainability Enterprise Selected as a “Healthy Workforce Sustainability Leading Enterprise” by the Ministry of Labor for the third time. National Enterprise Environmental Awards Received the “Excellence Award” of the 7th National Enterprise Environmental Protection Awards — the first to receive it six times nationwide. National Brand Yushan Award Received “Outstanding Enterprise,” “Best Product,” and “Most Popular Brand” in the 23rd National Brand Yushan Award. Taiwan Sustainability Index Constituent stock of the Taiwan Sustainability Index for nine consecutive years. Learn more → Sustainability Report TCFD Report AAA ESG Rating MSCI ACWI Index Included as constituent stock with the top AAA ESG Rating for banking enterprises in the MSCI ACWI Index for the fourth time.
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Appendix
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28 FFHC Consolidated Income Statement FFHC Consolidated Income Statement Summary (in NT$ million or %) 2022 2023 2024 2025 1H25 1H26 Change Net interest income 37,969 32,525 31,234 34,681 16,397 19,369 18.1% Net service fee & commission 9,409 10,187 12,782 13,817 7,186 10,417 45.0% Insurance service result 8,980 3,147 3,671 5,384 573 604 5.4% Gain on financial assets meas. 3,271 19,205 19,237 19,664 11,638 9,177 -21.1% at fair value through P/L Real estate investment gain 190 212 540 226 82 87 6.1% Gain on AFS financial assets 0 0 0 0 0 0 -- Gain on financial assets at fair value 1,984 584 1,672 2,808 283 761 168.9% through other compre. income Income from equity invest. 76 155 127 (22) 37 71 91.9% Excluding gain on fin. assets measured at amort.cost (68) (409) (537) (413) -- (96) -- Reserve of overlay approach 237 (235) (441) 713 -- -- -- Net investment income/loss from separate account insurance products -- -- -- -- (773) 1,156 -- Net finance income/expense from insurance contracts issued -- -- -- -- (829) (2,081) 151.0% Net finance income/expense from reinsurance contracts held -- -- -- -- (3) (1) -66.7% Net gain on F/X 5,300 1,158 3,535 418 (1,969) 994 -- Assets impairment loss (6) (50) (155) 120 93 (13) -- Others 414 776 454 198 677 713 5.3% Net Revenue 67,756 67,255 72,119 77,594 33,392 41,158 23.3% Net Provision for credit losses (6,577) (5,818) (5,763) (6,382) (1,340) (1,748) 30.4% Recovered(provided) for insurance res. (8,906) (2,793) (2,614) (4,056) -- -- -- Other operating cost from insurance -- -- -- -- 168 (221) -- Operating Expense (27,786) (30,382) (32,505) (33,707) (16,274) (17,566) 7.9% Income from continued op. before tax 24,487 28,262 31,237 33,449 15,946 21,623 35.6% Income tax expenses (3,891) (5,801) (5,878) (6,516) (3,405) (3,825) 12.3% Consolidated net income 20,596 22,461 25,359 26,933 12,541 17,798 41.9% Other Items (8,056) 12,440 5,659 11,136 (5,121) 13,520 -- Comprehensive Income 12,540 34,901 31,018 38,069 7,420 31,318 322.1% EPS1(NT$) 1.51 1.60 1.76 1.87 0.87 1.24 42.5% 1. EPS is adjusted retroactively for stock dividends paid the next year. 2. Based on IFRS 4. 3. Based on IFRS 17. Year-over-Year Comparison3Full Year Results2
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FFHC Non-consolidated Income Statement 29 FFHC Non-Consolidated Income Statement Summary in NT$ million, NT$, or % 2022 2023 2024 2025 1H25 1H26 Change Operating revenues 21,270 23,514 26,359 28,299 13,321 18,517 39.0% Income from long-term investment 21,094 23,318 26,124 28,084 13,169 18,328 39.2% Other income 176 196 235 215 152 189 24.3% Operating expenses (413) (440) (485) (526) (255) (299) 17.3% Other expenses and losses (267) (381) (465) (583) (268) (343) 28.0% Income from continued op. before tax 20,590 22,693 25,409 27,190 12,798 17,875 39.7% Net income 20,596 22,461 25,359 26,933 12,541 17,798 41.9% EPS1(NT$) 1.51 1.60 1.76 1.87 0.87 1.24 42.5% 1. EPS is adjusted retroactively for stock dividends paid the next year. 2. Based on IFRS 4. 3. Based on IFRS 17. Year-over-Year Comparison3Full Year Results2
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FFHC Balance Sheet 30 FFHC Balance Sheet Summary in NT$ million or million shares 2022 2023 2024 2025 1H25 1H26 Change Non-consolidated Balance Sheet Data Long-term investment 244,673 271,903 296,683 330,702 300,538 342,488 14.0% Total non-consolidated assets 251,732 280,569 303,714 339,367 312,676 365,054 16.8% Total liabilities 27,609 32,125 35,828 47,000 49,116 63,552 29.4% Total shareholders' equity 224,123 248,444 267,886 292,367 263,560 301,502 14.4% Conolidated Balance Sheet Data Total consolidated assets 4,157,196 4,429,410 4,704,422 5,040,975 4,807,416 5,235,189 8.9% Total liabilities 3,933,073 4,180,966 4,436,536 4,747,993 4,543,856 4,933,686 8.6% Total shareholders' equity 224,123 248,444 267,886 292,982 263,560 301,503 14.4% Current shares outstanding 132,234 136,201 140,287 143,795 140,287 143,795 2.5% 1. Based on IFRS 17. Year-over-Year Comparison1Full Years Result
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FFHC Key Ratios 31 FFHC Key Ratios 2022 2023 2024 2025 1H25 1H26 Change After-tax ROAA (Annualized ratio) 0.52% 0.52% 0.56% 0.55% 0.52% 0.70% 34.6% After-tax ROAE (Annualized ratio) 9.18% 9.51% 9.82% 9.61% 9.44% 11.98% 26.9% Book Per Share 16.95 18.24 19.10 20.33 18.79 20.97 11.6% Capital Stock 132,234 136,201 140,287 143,795 140,287 143,795 2.5% Double leverage 110.38% 110.73% 111.97% 114.32% 115.31% 114.79% -0.5% Group CAR 125.16% 130.05% 126.05% 130.73% 129.83% 125.60% -3.3% Debt Ratio1 10.97% 11.45% 11.80% 13.85% 15.71% 17.41% 10.8% 1. Non-consolidated basis 2. Based on IFRS 17. Full Year Results Year-over-Year Comparison2
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FB Non-consolidated Income Statement Subject to final Reviewed 32 FB Non-Consolidated Income Statement Summary in NT$ million or % 2022 2023 2024 2025 1H25 1H26 Change Net interest income 35,001 29,245 27,888 31,352 14,759 17,429 18.1% Net fee income 8,103 8,919 11,962 13,059 6,497 7,997 23.1% Net gain on ST invest. 1,411 1,228 1,107 1,124 210 623 196.7% Net gain on LT invest. 1,062 1,104 1,316 1,325 332 303 -8.7% Net gain on other fin. products 8,518 17,684 19,814 19,048 10,311 8,337 -19.1% Other net income 389 540 843 656 635 711 12.0% Net revenue 54,484 58,720 62,930 66,564 32,744 35,400 8.1% Operating expenses (24,210) (26,329) (27,926) (28,843) (14,400) (14,964) 3.9% Pre-provisiion pre-tax profit 30,274 32,391 35,004 37,721 18,344 20,436 11.4% Provision expense (9,025) (11,305) (9,521) (9,270) (2,847) (3,054) 7.3% Adjustment: bad-debt recovery 2,539 5,542 3,760 3,067 1,531 1,364 -10.9% Income before tax 23,788 26,628 29,243 31,518 17,028 18,746 10.1% Income tax (3,460) (5,102) (5,437) (5,855) (3,221) (3,290) 2.1% Net income 20,328 21,526 23,806 25,663 13,807 15,456 11.9% Other items (3,946) 8,526 5,336 5,336 (4,602) 9,476 - Comprehensive income 16,382 30,052 29,142 29,142 9,205 24,932 170.9% EPS1(NT$) 1.99 1.95 1.94 2.09 1.10 1.23 11.8% 1. EPS is adjusted retroactively for stock dividends paid the next year. Year-over-Year ComparisonFull Year Results
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FB Key Ratios 33 FB Key Ratios 2022 2023 2024 2025 1H25 1H26 Change Loan to deposit spread 1.48% 1.34% 1.17% 1.15% 1.11% 1.18% 6.3% Net Interest Margin 0.99% 0.76% 0.67% 0.72% 0.71% 0.76% 7.0% Cost to income ratio 44.44% 44.84% 44.38% 43.33% 43.98% 42.27% -3.9% Loan to deposit ratio 70.60% 69.08% 71.11% 70.47% 70.03% 72.52% 3.6% NPL ratio 0.18% 0.17% 0.17% 0.17% 0.16% 0.16% 0.0% Domestic NPL ratio 0.19% 0.14% 0.12% 0.14% 0.12% 0.11% -8.3% Overseas NPL ratio 0.10% 0.35% 0.42% 0.33% 0.44% 0.38% -13.6% Coverage ratio 709.24% 826.96% 819.77% 862.04% 843.19% 874.21% 3.7% CAR 13.76% 14.56% 14.45% 15.46% 15.38% 15.06% -2.1% Tier-1 11.80% 12.61% 12.29% 13.22% 13.14% 12.82% -2.4% ROAA (Annualized) 0.53% 0.52% 0.54% 0.55% 0.60% 0.62% 3.3% ROAE (Annualized) 8.95% 8.89% 8.99% 8.79% 9.92% 9.88% -0.4% Year-over-Year Comparison Full Year Results
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FB Loan Quality 34 FB NPL Migration in NT$ million or % 2024 2025 Q1 Q2 1H25 1H26 Change NPL- beginning 4,099 4,480 4,734 4,640 4,480 4,734 5.7% Net new NPL influx 6,866 4,617 2,131 929 1,828 3,060 67.4% Domestic 2,966 4,029 1,329 942 1,543 2,271 47.2% Overseas 3,900 588 802 (13) 285 789 176.8% Net write-offs (6,485) (4,363) (2,225) (909) (1,930) (3,134) 62.4% NPL- ending balance 4,480 4,734 4,640 4,660 4,378 4,660 6.4% Allowance for loan loss- beginning 33,897 36,727 40,812 40,147 36,727 40,812 11.1% Provisions for loan loss 9,179 8,643 1,466 1,533 2,626 2,999 14.2% Net write-offs (6,485) (4,363) (2,225) (909) (1,930) (3,134) 62.4% Others 136 (195) 94 (32) (512) 62 - Allowance for loan loss- ending 36,727 40,812 40,147 40,739 36,911 40,739 10.4% Recovery from bad debt 3,760 3,067 644 720 1,531 1,364 -10.9% Domestic 1,940 2,411 550 647 1,404 1,197 -14.7% Overseas 1,765 589 77 55 94 132 40.4% Credit card 55 67 17 18 33 35 6.1% 1. Non-consolidated basis Year-over-Year Comparison 2026 Quarterly Full Year Results
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35 First Sec. Operating Results First Sec. Income Statement Summary in NT$ million or % 2022 2023 2024 2025 1H25 1H26 Change Total operating income 1,929 2,745 3,200 3,170 1,180 3,142 166.3% Brokerage commission 1,382 1,499 2,051 2,009 801 2,142 167.4% Net interest income 286 196 278 312 148 201 35.8% Underwriting commission 78 54 192 101 17 20 17.6% Transaction gains through F/V, net (63) 687 447 496 79 664 740.5% Other operating income 246 309 232 252 135 115 -14.8% Total operating expenses (1,488) (1,714) (1,953) (1,990) (883) (1,581) 79.0% Non-operating income 74 114 117 149 62 91 46.8% Income before tax 515 1,145 1,364 1,329 359 1,652 360.2% Income tax (112) (167) (181) (218) (61) (241) 295.1% Net income 403 978 1,183 1,111 298 1,411 373.5%Other items #DIV/0! First Sec. Key Ratios ROAE (Annualized) 5.22% 12.26% 13.11% 11.53% 6.46% 26.96% 317.3% ROAA (Annualized) 1.19% 3.01% 2.86% 2.22% 1.34% 4.20% 213.4% Brokerage market share 1.38% 1.34% 1.26% 1.24% 1.21% 1.22% 0.8% Margin loan market share 2.35% 2.29% 2.18% 2.21% 2.23% 2.11% -5.4% 1. Non-Consolidated Basis Full Year Results Year-over-Year Comparison
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36 FSITC Operating Results FSITC Income Statement Summary in NT$ million or % 2022 2023 2024 2025 1H25 1H26 Change Total operating income 649 707 786 851 398 575 44.5% Management fee 629 692 756 825 388 547 41.0% Sales service fee 20 15 30 26 10 28 180.0% Operating expenses (552) (571) (609) (637) (297) (344) 15.8% Non-operating income (1) 7 7 7 2 7 250.0% Income before tax 96 143 184 221 103 238 131.1% Income tax (20) (28) (36) (44) (21) (46) 119.0% Net income 76 115 148 177 82 192 134.1% FSITC Balance Sheet Summary FSITC Key Ratios AUM 100,051 125,552 141,505 192,357 160,442 233,096 45.3% AUM Ranking 15 14 14 13 14 12 1. Non-consolidated basis Year-over-Year Comparison Full Year Results
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First Life Operating Results 37 First Life Income Statement Summary in NT$ million or % 1H25 1H26 Change Insurance Service Result 474 491 3.6% Release of CSM 407 429 5.4% Underwriting gain/loss 72 91 26.4% Risk adjustment for non-financial risk 30 10 -66.7% Net income/expense from reinsurance contracts held (35) (39) 11.4% Net Financial Result (1,454) 230 - Net investment result (413) 1,358 - Net finance income/expense from insurance contracts issued (1,038) (1,127) 8.6% Net finance income/expense from reinsurance contracts held (3) (1) -66.7% Other Operating Result (216) (229) 6.0% Profit/Loss Before Tax (1,196) 492 - Income tax 190 (74) - Net Income after tax (1,006) 418 - Key Ratios ROAE (Annualized) -27.08% 8.10% - ROAA (Annualized) -2.16% 0.82% - 1. Based on IFRS 17. Year-over-Year Comparison1
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Q&A