Taishin-SK Financial Posts Record NT$8.94 Billion Net Profit in July, Up 147% YoY; EPS Hits NT$2.04 in First Seven Months

Taishin-SK Financial Holding (2887-TW) today (13th) released its self-compiled financial results for July 2026, with the single-month consolidated after-tax net profit reaching NT$8.94 billion, a substantial 147% increase compared to the same month last year. The cumulative consolidated after-tax net profit for the first seven months soared to NT$52.78 billion, a robust 281% year-on-year growth, with earnings per share (EPS) setting a historical high of NT$2.04, showcasing strong post-merger operational momentum and financial synergies.

For its key subsidiary, Taishin Bank, after-tax net profit in July reached NT$2.51 billion, exceeding the previous month's NT$2.31 billion and last year's NT$1.69 billion. Cumulative after-tax net profit stood at NT$14.91 billion, up 29% year-on-year, with an EPS of NT$1.21, continuing to set new historical highs for the same period.

Taishin Bank's strong monthly performance was primarily driven by robust core business momentum and an expanded net interest margin compared to the same period last year, leading to approximately 30% growth in both net interest income and net fee income. As of the end of July, the non-performing loan (NPL) ratio stood at 0.12%, with a reserve coverage ratio of 1,061%, maintaining stable asset quality.

SK Bank recorded an after-tax net profit of NT$1.29 billion in July, higher than the previous month's NT$970 million and last year's NT$320 million. Cumulative after-tax net profit reached NT$6.06 billion, a significant 159% increase from the same period last year, with an EPS of NT$1.22, also setting a new record for the same period in history. (Last year's comparison base was earnings from July 24 to July 31.)

SK Bank's cumulative net fee income grew 28% year-on-year, performing strongly. Momentum in the sales of wealth management products such as insurance and funds boosted wealth management revenues to new highs. As of the end of July, the NPL ratio was 0.13%, with a reserve coverage ratio of 926%, maintaining sound asset quality.

SK Life Insurance posted an after-tax net profit of NT$5.77 billion in July, surpassing the previous month's NT$4.86 billion and last year's NT$120 million. Cumulative after-tax net profit reached a high of NT$28.27 billion, with EPS surging to NT$3.07. (Last year's data used Taishin Life's earnings as the comparison base.)

Benefiting from the stable release of Contract Service Margin (CSM) profits, steady inflows of recurring investment income, and the peak season for cash dividend payouts by listed companies in July, operations expanded steadily. Insurance business momentum remained strong, with first-year premiums (FYP) from January to July reaching NT$87.19 billion, a 35.6% year-on-year increase.

Taishin Securities and Yuanfu Securities officially merged on April 6, 2026. Affected by the stock market decline in July, Taishin Securities posted a single-month after-tax net loss of NT$30 million, down from the previous month's after-tax net profit of NT$790 million. However, cumulative after-tax net profit still reached NT$5.51 billion, with an EPS of NT$2.20.

Including Yuanfu Securities' pre-merger profits of NT$1.57 billion from January 1 to April 5, 2026, Taishin Securities' cumulative after-tax net profit effectively reached NT$7.08 billion, setting a new historical high for the same period. (Yuanfu Securities' last year comparison base was earnings from July 24 to July 31.)