Fubon Financial Holdings held its investor conference for the third quarter of 2024, presenting unaudited financial results and operational status for the first nine months. The company reported a net income of NT$121.31 billion and earnings per share (EPS) of NT$8.61, maintaining its leadership in the financial holding sector. Subsidiaries also showed strong performance, with Fubon Life achieving the highest net income in the market. Taipei Fubon Bank set a new record for net income, surpassing last year's total earnings. Fubon Securities saw significant revenue growth with a 48% year-on-year profit increase, while Fubon Insurance maintained stable profit growth.
By September 2024, Fubon Financial Holdings' total assets exceeded NT$11.8 trillion, reflecting a 6.6% year-on-year growth. The net worth reached NT$941 billion, marking a 27.6% increase compared to the previous year, with return on assets (ROA) and return on equity (ROE) recorded at 1.41% and 18.56%, respectively.
Earlier this month, Fubon Financial Holdings announced an unaudited net income of NT$9.1 billion for October, bringing the ten-month total to NT$130.29 billion—the second-highest figure in its history—with EPS at NT$9.27.
Richard M. Tsai, Chairman of Fubon Financial Holdings, stated that the company is implementing four key ESG strategies: decarbonization, digitalization, empowerment, and connection to enhance its financial influence through collaboration with subsidiaries.
Fubon Life emerged as an industry leader in net income for the first nine months of 2024 with NT$77.92 billion and achieved higher investment returns than last year.
Taipei Fubon Bank reported profits that set a new historical record for the first nine months of 2024 with a net income of NT$25.1 billion—surpassing last year's total profits—and experienced notable growth across various financial metrics.
Fubon Insurance maintained its market leadership position with steady profit growth by September 2024 and improved business structure management.
Fubon Securities reported significant revenue growth due to favorable conditions in Taiwan's stock market.
Lastly, Fubon Bank (China) experienced substantial growth in net income driven by increased interest income and capital gains from bonds while maintaining strong asset quality.