Fubon Financial reports strong Q1 results amid market volatility

Fubon Financial reports strong Q1 results amid market volatility
Banking & Financial Services
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Richard M. Tsai Chairman, Fubon Financial | Fubon Financial Holding Co., Ltd.

Fubon Financial Holdings has announced its earnings results for March 2025, reporting an unaudited consolidated pre-tax profit of NT$14.84 billion and a net profit of NT$11.11 billion. This marks the second-highest record in the company's history. The quarterly figures showed a consolidated pre-tax profit of NT$51.68 billion and a net profit of NT$41.11 billion, reflecting a 35% increase, with earnings per share (EPS) at NT$3.01.

The performance across Fubon's subsidiaries was strong, with Fubon Life achieving a historical high in net profit for March. Taipei Fubon Bank also reported record-high monthly and quarterly net profits for the same period.

"Since the beginning of the year, Fubon Life has been continuously adjusting its investment portfolio, resulting in meaningful realized capital gains," according to the report. The company noted that despite sharp market volatilities following U.S.-announced reciprocal tariffs in early April, it would maintain operational stability and assist clients in managing portfolios.

Fubon Life's net profit for March was NT$9.18 billion, with a quarterly figure of NT$27.36 billion, showing year-on-year growth rates of 125% and 57%, respectively. "The main sources of investment income this month were interest income, capital gains on domestic and foreign equities and funds," as stated by Fubon Financial.

Taipei Fubon Bank's March net profit reached NT$3.07 billion, marking a 28% increase year-on-year, while its quarterly net profit rose to NT$10.12 billion, up 24%. The bank's strong performance was attributed to growth in deposits and loans as well as improvements in wealth management product sales.

Fubon Insurance reported a March net profit of NT$0.44 billion and a quarterly figure of NT$1.62 billion, representing a 21% year-on-year increase. Its commercial fire insurance segment saw significant growth.

Conversely, Fubon Securities experienced a decline in profitability due to global stock market downturns linked to U.S tariff policies under Trump’s administration.