First Financial Holding Co., Ltd. (2892) 2024 Q2 法說會簡報
Company Overview
- Company Name: First Financial Holding Co., Ltd. (第一金控)
- Event: 第一金證券投資論壇 (First Gold Securities Investment Forum)
- Report Title: 第一金控2024年上半年營運報告 (First Financial Holding 2024 H1 Operating Report)
- Date: Sep. 10, 2024
- Medium: 網路 (Online)
- Business Segments (Profit Composition 1H24):
- 銀行 (Bank): NT$12,799 mn (93.2%)
- 證券 (Securities): NT$686 mn (5.0%)
- 人壽 (Life Insurance): NT$175 mn (1.3%)
- 投信 (Asset Management): NT$76 mn (0.6%)
- AMC: NT$72 mn (0.5%)
- 其他 (Others): -NT$79 mn (-0.6%)
Financial Highlights
First Financial Holding Key Financial Figures (1H24 vs. 1H23)
| Item | 1H23 | 1H24 | YoY % |
|---|---|---|---|
| 稅後淨利 (After-tax Net Profit) | 13,158 | 13,729 | +4.3% |
| 綜合損益 (Comprehensive Income) | 21,914 | 17,469 | -20.3% |
| 總資產 (Total Assets) | 4,259,284 | 4,619,024 | +8.4% |
| 每股盈餘 (EPS) | 0.94 | 0.98 | +4.3% |
| 每股淨值 (Book Value Per Share) | 17.29 | 18.13 | +4.9% |
| 股本 (Capital Stock) | 136,201 | 140,287 | +3.0% |
| 平均淨值報酬率 (Average ROAE) | 11.46% | 10.92% | -4.7% |
| 平均資產報酬率 (Average ROAA) | 0.62% | 0.60% | -3.2% |
| 集團資本適足率 (Group CAR) | 128.09% | 122.45% | -4.4% |
| 雙重槓桿比率 (Double Leverage Ratio) | 111.06% | 112.43% | +1.2% |
Business Segments
- First Bank: Net profit increased by 4.4% YoY to NT$12,799 million.
- First Securities: Net profit increased by 3.3% YoY to NT$686 million.
- First Asset Management: Net profit increased by 33.3% YoY to NT$76 million.
- First Life Insurance: Net profit decreased by 27.1% YoY to NT$175 million.
- First AMC: Net profit of NT$72 million.
Products & Technologies
- Service Offerings:
- Banking Services: Mortgage loans, large corporate loans, SME loans, foreign currency loans, consumer loans, deposit services.
- Securities Services: Brokerage commission, underwriting commission, investment gains/losses.
- Asset Management Services: Management fees, sales service fees.
- Life Insurance Services: Premium income, net investment income, claims, commissions.
- Financial Products: Investment income from short-term and long-term investments, other financial products.
- Wealth Management: Fund sales, bank insurance, custody services.
- Credit Card Services.
- Foreign Exchange Services.
Clients & Markets
- Loan Structure (1H24 vs. 1H23):
- Total Loans: NT$2,529.7 billion (+8.1% YoY)
- Consumer Loans: 30.2% (+1.4% change from 1H23)
- Corporate Loans: 69.8% (-1.4% change from 1H23)
ESG / Sustainability
- SBTi Net-Zero Carbon Emissions Target:
- Reduce Scope 1 and 2 greenhouse gas emissions by 63% from the 2022 base year to 2035.
- Scope 3: Investment and financing activities target covers 17% of total investments and loans.
Outlook & Strategy
- No explicit future outlook or guidance with specific numerical targets is provided.
Additional Data
- First Financial Holding Consolidated Income Statement Summary (in NT$ million):
- Net Revenue: NT$36,055 million (+2.6% YoY)
- Net Profit: NT$13,729 million (+4.3% YoY)
- Comprehensive Income: NT$17,469 million (-20.3% YoY)