By Crystal Hsu /
Fubon Financial Holding Co (富邦金控) yesterday signaled confidence earnings momentum could accelerate further this year, after its profit for the first four months surpassed its full-year performance last year, driven by a rally in Taiwanese and US equities, and strong contributions from its insurance, banking and brokerage businesses.Fubon Financial president Jerry Harn (韓蔚廷) took a bullish tone on profitability and dividend prospects during the company’s earnings conference in Taipei, citing robust investment gains linked to Taiwan’s artificial intelligence (AI) supply chain, as well as improving recurring returns at its life insurance arm.First-quarter net profit stood at NT$33.55 billion (US$1.07 billion), or earnings per share of NT$2.4. Cumulative adjusted profit — including gains from fair value through other comprehensive income — reached NT$121.46 billion in the first four months.
A signage of Fubon Financial Holding Co outside its headquarters in Taipei’s Daan District is pictured yesterday.
This implies earnings per share of NT$8.67, already exceeding last year’s performance and positioning the group as a sector leader in profitability, Harn said.The standout driver was Fubon Life Insurance Co (富邦人壽), whose investment performance benefited significantly from the AI-driven rally in Taiwanese equities.
