高雄銀行 (Bank of Kaohsiung) Q1 2025 法說會簡報

Company Overview

• Company Name: 高雄銀行 (Bank of Kaohsiung)
• Slogan: 親切・眞誠・好夥伴 (Friendly, Sincere, Good Partner)

Recent Important Events

• Branch Expansion: Xinzhuang Branch (新莊分行) opened on April 7, 2025, expanding service capacity in the northern region.
• Sustainable Finance: Officially signed the Equator Principles (赤道原則) on March 25, 2025, deepening sustainable finance influence.
• Green Energy Business: Continuously promoting green power transaction trust services (綠電交易價金信託業務), having signed contracts with 15 green power platform operators and 30 green power generators joining the platform, jointly assisting enterprises in net-zero transformation (淨零轉型).
• Corporate Governance: Rated among the top 6~20% of listed companies in the 11th Corporate Governance Evaluation (公司治理評鑑) by Taiwan Stock Exchange.
• Dividend Policy: 2024 earnings distribution: common stock cash dividend of NT$ 0.30 per share, stock dividend of NT$ 0.30 per share.

Financial Highlights

2.1 Operating Performance (Q1 2025)

• Note: After-tax EPS for Q1 2024 has been retrospectively adjusted for the impact of bonus shares.

2.2 Asset and Liability Growth

2.3 Equity Growth

2.4 Asset Structure Analysis (2025.3.31)

• Total Assets: NT$ 3,580 billion
• Breakdown:
  • Net Discounts and Loans: NT$ 2,250 billion (63%)
  • Financial Investments: NT$ 944 billion (26%)
  • Deposits with Central Bank & Call Loans to Banks: NT$ 277 billion (8%)
  • Cash & Cash Equivalents: NT$ 46 billion (1%)
  • Property, Plant & Equipment: NT$ 33 billion (1%)
  • Other Assets: NT$ 30 billion (1%)

2.5 Liability and Equity Structure Analysis (2025.3.31)

• Total Liabilities: NT$ 3,323 billion
• Liability Breakdown:
  • Deposits & Remittances: NT$ 2,984 billion (90%)
  • Deposits with Central Bank & Interbank Deposits: NT$ 151 billion (5%)
  • Financial Liabilities: NT$ 99 billion (3%)
  • Financial Bonds: NT$ 39 billion (1%)
  • Accounts Payable: NT$ 39 billion (1%)
  • Other Provisions & Liabilities: NT$ 11 billion (0%)
• Total Equity: NT$ 257 billion
• Equity Breakdown:
  • Capital Stock: NT$ 183 billion (71%)
  • Retained Earnings: NT$ 55 billion (21%)
  • Capital Surplus: NT$ 14 billion (6%)
  • Other Equity: NT$ 5 billion (2%)

2.6 Net Revenue Growth

2.7 Net Revenue Structure Analysis (Q1 2025)

• Net Revenue: NT$ 11.63 billion (100%)
  • Pre-tax Net Profit: NT$ 3.56 billion (30%)
  • Operating Expenses: NT$ 7.17 billion (62%)
  • Allowance for Doubtful Accounts: NT$ 0.90 billion (8%)
• Breakdown of Net Revenue:
  • Net Interest Income: NT$ 8.33 billion (71%)
  • Net Fee Income: NT$ 2.40 billion (21%)
  • Net Gain/Loss from Financial Operations: NT$ 0.78 billion (7%)
  • Other Net Gain/Loss: NT$ 0.12 billion (1%)

2.8 Major Business Growth - Average Balances

2.9 Deposit Structure Analysis - Average Balances

• By Type:

  • 1Q24:
    • Demand Deposits: NT$ 1,431 billion (54.83%)
    • Time Deposits: NT$ 1,179 billion (45.17%)
  • 1Q25:
    • Demand Deposits: NT$ 1,522 billion (52.18%)
    • Time Deposits: NT$ 1,395 billion (47.82%)
  • Growth (1Q25 vs 1Q24):
    • Demand Deposits Increase: NT$ 9.1 billion (+6.36%)
    • Time Deposits Increase: NT$ 21.6 billion (+18.32%)

• By Currency:

  • 1Q24:
    • NTD Deposits: NT$ 2,168 billion (83.07%)
    • Foreign Currency Deposits: NT$ 442 billion (16.93%)
  • 1Q25:
    • NTD Deposits: NT$ 2,500 billion (85.70%)
    • Foreign Currency Deposits: NT$ 417 billion (14.30%)
  • Growth (1Q25 vs 1Q24):
    • NTD Deposits Increase: NT$ 33.2 billion (+15.31%)
    • Foreign Currency Deposits Decrease: NT$ 2.5 billion (-5.66%)

2.10 Loan Structure Analysis - Average Balances

• By Borrower Type:

  • 1Q24:
    • Corporate Loans: NT$ 1,249 billion (66.19%)
    • Consumer Loans: NT$ 638 billion (33.81%)
  • 1Q25:
    • Corporate Loans: NT$ 1,459 billion (65.40%)
    • Consumer Loans: NT$ 704 billion (31.55%)
  • Growth (1Q25 vs 1Q24):
    • Corporate Loans Increase: NT$ 21.0 billion (+16.81%)
    • Consumer Loans Increase: NT$ 6.6 billion (+10.34%)

• By Currency:

  • 1Q24:
    • NTD Loans: NT$ 1,686 billion (89.35%)
    • Foreign Currency Loans: NT$ 201 billion (10.65%)
  • 1Q25:
    • NTD Loans: NT$ 2,014 billion (90.27%)
    • Foreign Currency Loans: NT$ 217 billion (9.73%)
  • Growth (1Q25 vs 1Q24):
    • NTD Loans Increase: NT$ 32.8 billion (+19.45%)
    • Foreign Currency Loans Increase: NT$ 1.6 billion (+7.96%)

2.11 Deposit-Loan Spread and Net Interest Margin

2.12 Deposit-Loan Spread by Currency

2.13 Asset Quality

2.14 Capital Adequacy

• Note: March and September figures are self-reported. Capital Adequacy Ratio, Tier 1 Capital Ratio, and Common Equity Tier 1 Ratio were higher on 2024/3/31 mainly due to a capital increase of NT$ 5.0 billion.

Business Segments and Products

• Branch Network Expansion: Opening of Xinzhuang Branch to enhance service capacity in northern Taiwan.
• Sustainability Integration: Formal adoption of the Equator Principles to deepen commitment to sustainable finance.
• Green Energy Business Development: Continued expansion of green power transaction trust services to support corporate net-zero transformation.
• Corporate Governance Enhancement: Recognition for strong corporate governance practices by the Taiwan Stock Exchange.

Key Charts, Graphs, and Data Points

• Detailed financial data, percentages, and trends have been included in the relevant sections under Financial Highlights and Key Metrics.

Important Product Names, Terms, and Concepts

Financial Metrics & Ratios

• 稅前淨利 (Pre-tax Net Profit)
• 稅後淨利 (After-tax Net Profit)
• 稅後每股盈餘 (After-tax EPS)
• ROA (Return on Assets)
• ROE (Return on Equity)

Balance Sheet Items

• 貼現及放款淨額 (Net Discounts and Loans)
• 金融投資 (Financial Investments)
• 存款及匯款 (Deposits & Remittances)

Business Segments & Products

• 活期性存款 (Demand Deposits)
• 定期性存款 (Time Deposits)
• 新台幣放款 (NTD Loans)

Strategic & Governance Terms

• 赤道原則 (Equator Principles)
• 公司治理評鑑 (Corporate Governance Evaluation)

Products, Services & Technology

• Service Offerings:
  • 綠電交易價金信託業務 (Green Power Transaction Trust Services)
• Industry-specific Terminology: Standard banking and financial terminology as listed in previous sections. No proprietary technology platforms or software details provided.