--- title: "Yushan Financial Law Conference / First quarter profits set a new record, expected to complete the merger with San Shang Life in the third quarter" type: "News" locale: "en" url: "https://longbridge.com/en/news/285341005.md" description: "Yuanta Financial Holding (2884) announced at the institutional investor conference that the self-reported net income for the first quarter of 2026 is NT$ 25.17 billion, with a net profit after tax reaching NT$ 10.06 billion, a year-on-year increase of 14.2%. All subsidiaries performed excellently, with Yuanta Bank's net profit after tax at NT$ 8.76 billion and Yuanta Securities' net profit at NT$ 1.05 billion. The cumulative net profit after tax is NT$ 14.24 billion, setting a new record for the same period in history, with an EPS of NT$ 0.88. It is expected that the merger with San Shang Life will be completed in the third quarter, and high-quality product services will continue to be provided in the future" datetime: "2026-05-06T08:50:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285341005.md) - [en](https://longbridge.com/en/news/285341005.md) - [zh-HK](https://longbridge.com/zh-HK/news/285341005.md) --- # Yushan Financial Law Conference / First quarter profits set a new record, expected to complete the merger with San Shang Life in the third quarter Yuanta Financial Holding （2884） held a corporate briefing on the 6th, reporting a self-calculated net income of NT$25.17 billion for the first quarter of 2026, with after-tax net profit growing by 14.2% to NT$10.06 billion, achieving a new record in profitability. Earnings per share (EPS) were NT$0.62, return on equity (ROE) was 14.43%, and return on assets (ROA) was 0.88%. All subsidiaries performed well, with Yuanta Bank reporting after-tax net profit of NT$8.76 billion, Yuanta Securities net profit of NT$1.05 billion, growing by 137.2%, Yuanta Venture Capital net profit of NT$710 million, and Yuanta Investment Trust net profit of NT$100 million, all achieving the best performance for the same period. Cumulative after-tax net profit for April this year reached NT$14.24 billion, the highest for the same period in history, an increase of 26.01% compared to the same period last year, with EPS of NT$0.88. The main subsidiary, Yuanta Bank, reported cumulative after-tax net profit of NT$12.16 billion, an increase of 6.42% compared to the same period last year; Yuanta Securities NT$1.63 billion; Yuanta Venture Capital NT$1.34 billion; Yuanta Investment Trust NT$150 million. In the first quarter, Yuanta Financial Holding's net fee income was NT$8.92 billion, a year-on-year increase of 27.1%. Among them, Yuanta Bank's high-end customer management was successful, with wealth management net fee income of NT$4.03 billion, a year-on-year increase of 14.4%, achieving the highest for the same period in history. Credit card net fee income was NT$2.23 billion, growing by 16.5%, with transaction amounts reaching NT$150.6 billion, also a new high for the same period. Yuanta Securities performed impressively, with brokerage business growing significantly by 98.5% compared to the same period last year, and the entrusted business also continued to grow, driving overall profitability. In March, Yuanta Investment Trust launched its first bond-type ETF "Yuanta USD Select Non-Investment Grade Bond ETF" （00988B）, raising the highest amount among similar products recently. All series of ETFs and mutual funds from Yuanta Investment Trust were renamed from Prudential to Yuanta on April 15, and in the future, Yuanta Investment Trust will continue to provide customers with high-quality product services. Yuanta Bank's deposits and loans grew steadily, with overall performance improving compared to the same period last year. Thanks to effective funding cost management and optimized loan interest rate structure, net interest income grew by 28.5% year-on-year. Total loans grew by 15.6%, benefiting from Taiwan's strong economic performance and comprehensive overseas platform layout, with corporate loans and personal loans growing by 22.6% and 9.3%, respectively, while loans to small and medium-sized enterprises also grew by 13.0%. In terms of asset quality, the non-performing loan (NPL) ratio was 0.15%, and the allowance for bad debts coverage ratio was 795.9%, maintaining excellent risk control. In terms of overseas layout, profits from Yuanta Bank's overseas branches and subsidiaries accounted for 26.3% of the bank's overall profits in the first quarter, leveraging the advantages of comprehensive domestic and overseas layout and resource integration, continuously promoting cross-border business, with strong loan momentum overseas in the first quarter, achieving a year-on-year growth rate of 25.6%; Cambodia's UCB subsidiary has also targeted VIP customers by launching the "Infinite Card," which has jumped to the top three in the local market for infinite card issuance as of the end of April. Yuanta Financial Holdings is committed to digital and AI development. At the end of April, Yuanta was invited to participate in the Global Technology Advisory Board forum held by Mastercard in New York, USA, with representatives from 14 countries attending, making Yuanta the only representative from Taiwan. In addition, Yuanta Bank continues to expand its travel foreign exchange services. Besides launching a trial for cross-border cash withdrawals in Thailand by the end of 2025, Japanese travelers can use PayPay wallet to pay at over 400,000 stores in Taiwan that support TWQR scanning as of the end of April. Yuanta Bank is also the first to act as a settlement agent bank in TWQR cross-border inbound payments, playing a key role in cross-border fund settlement operations, jointly welcoming a new era of international payments for Taiwan's TWQR. Regarding the merger progress of San Shang Life, after both parties' shareholders approved the merger proposal on January 23, a project team was established to begin preparations for the merger. In March, Yuanta Bank listed three San Shang Life insurance products on its banking and insurance platform, receiving positive market feedback and demonstrating initial cooperation results. Furthermore, on April 17, Yuanta Financial Holdings, San Shang Life, and the San Shang Labor Union completed the signing of the employee placement plan, showing great sincerity and goodwill from both sides, not only taking care of employee rights but also the union's willingness to create a win-win situation for the merged San Shang Life. In April, the Fair Trade Commission approved the merger, marking a key step forward in the merger process, which is expected to be completed in the third quarter of 2026. Yuanta Financial Holdings has received important domestic and international awards in 2026, being selected for the "S&P Global Sustainability Yearbook" for 12 consecutive years, establishing an international benchmark in the financial industry, and being the first in the financial sector to introduce IFRS sustainability disclosure standards. It has also been ranked in the top 5% of the "Corporate Governance Evaluation" by the Taiwan Stock Exchange for the 11th time, achieving the best record among domestic financial holding companies and banks. Its subsidiary, Yuanta Bank, has been recognized by the internationally renowned financial media Global Finance and Forbes as the best bank in Taiwan for 2026, and has won seven major awards, including Taiwan's Best Retail Bank, at the Finance Asia Award organized by Asian Banking Magazine, affirming Yuanta Bank's outstanding performance in various aspects. The Yuanta Global Healthcare Biotech Fund (formerly PGIM Prudential Global Healthcare Biotech Fund) under Yuanta Investment Trust has won the "LSEG Refinitiv Taiwan Fund Award" for healthcare stocks over three years, recognizing its long-term investment strength ### Related Stocks - [002884.CN](https://longbridge.com/en/quote/002884.CN.md) - [PRU.US](https://longbridge.com/en/quote/PRU.US.md) - [MA.US](https://longbridge.com/en/quote/MA.US.md) - [PRS.US](https://longbridge.com/en/quote/PRS.US.md) - [PFH.US](https://longbridge.com/en/quote/PFH.US.md) - [PRH.US](https://longbridge.com/en/quote/PRH.US.md) ## Related News & Research - [ECB's Vujcic: We do not want to give forward guidance, every meeting is live](https://longbridge.com/en/news/290580830.md) - [CBOT soybeans settle nearly flat as traders assess weather, export prospects](https://longbridge.com/en/news/290601728.md) - [21:22 ETLuxshare Precision publica su informe de sostenibilidad de 2025](https://longbridge.com/en/news/290626805.md) - [CATL plans about 36 battery swap stations in Hong Kong by 2030](https://longbridge.com/en/news/290802597.md) - [09:47 ETADAMA Announces Launch of Novali™, a High-Load Liquid Pyroxasulfone Herbicide for Row Crops](https://longbridge.com/en/news/290704210.md)