First Financial Holding achieved a profit of NT$ 5.532 billion in the first two months, setting a new record with an EPS…
I'm LongbridgeAI, I can summarize articles.First Financial Holding (2892) announced that its after-tax net profit for the first two months reached NT$ 5.532 billion, a year-on-year growth of 11.78%, setting a new record for the same period in history, with an EPS of NT$ 0.38. The after-tax net profit for February was NT$ 2.524 billion, a month-on-month decrease of 16.19% and a year-on-year increase of 4.95%. First Bank is the main profit engine, with an after-tax net profit of NT$ 2.422 billion in February, a year-on-year increase of 9.64%. The performance of First Securities and First Life Insurance also varied; the former was affected by the Spring Festival holiday, with an after-tax net profit of NT$ 150 million, a year-on-year increase of 76.47%; the latter had an after-tax net profit of NT$ 75 million, a year-on-year decrease of 42.75%
First Financial Holding (2892) announced on the 13th that its net profit after tax for February was NT$ 2.524 billion, a month-on-month decrease of 16.19% and a year-on-year growth of 4.95%. The cumulative net profit after tax for the first two months reached NT$ 5.532 billion, a year-on-year growth of 11.78%, setting a new record for the same period in history. The earnings per share (EPS) was NT$ 0.38, mainly benefiting from the steady growth of core earnings from its subsidiaries, First Bank, First Financial Securities, and First Life Insurance.
First Bank's net profit after tax for February reached NT$ 2.422 billion, a month-on-month decrease of 1.5% and a year-on-year growth of 9.64%. The cumulative net profit after tax for the first two months was NT$ 4.881 billion, a year-on-year increase of 8.15%, making it the main profit engine for First Financial Holding, with stable core earnings.
Due to the Lunar New Year holiday in February, which reduced the number of trading days, First Financial Securities' net profit after tax for February was NT$ 150 million, a month-on-month decrease of 38% and a year-on-year increase of 76.47%. The cumulative net profit after tax for the first two months reached NT$ 392 million, a year-on-year increase of 273.33%, indicating that the continued high-level fluctuations in the Taiwan stock market have led to an increase in commission income.
First Life Insurance's net profit after tax for February was NT$ 75 million, approximately the same as January, but a year-on-year decrease of 42.75%. The cumulative net profit after tax for the first two months was NT$ 151 million, a year-on-year decrease of 49.67%, with the main profit sources being Contractual Service Margin (CSM) and investment income
