Taishin Financial Holding Co. reported a net income of NT$20.1 billion ($635 million) for 2024, yielding earnings per share of NT$1.39 and a return on equity of 10.31%.
The Taiwanese financial conglomerate plans to increase dividend payouts compared to last year, President Lin Wei-chun told investors during an earnings call. Lin pointed to NT$9.3 billion ($294 million) in undistributed earnings, giving the company capacity to distribute more than NT$2 per share.
Even after the planned merger with Shin Kong Financial Holding Co. significantly increases outstanding shares, Lin said the company would still maintain the ability to pay dividends exceeding NT$1 per share. The company intends to prioritize cash dividends over stock dividends, though final decisions remain subject to board approval.
Lin emphasized that dividend planning would ideally be based on post-merger figures, depending on when regulatory approval arrives from Taiwan’s Financial Supervisory Commission.
Taishin Bank, the group’s main subsidiary, posted solid growth with total loans increasing 8.8% year-over-year and deposits rising 10.2%. The bank’s credit card business continued expanding with transaction volumes up 13.3% and fee income growing 18.5%. The bank reported 4.85 million active cards and more than 170,000 merchant acquiring relationships.
Taishin Securities delivered particularly strong results with net profit jumping 52.7% to NT$2.4 billion ($76 million), maintaining a 2.24% brokerage market share. Meanwhile, Taishin Life Insurance saw dramatic profit growth of 394.2% to NT$1.2 billion ($38 million) on stable premium income totaling NT$47.3 billion ($1.5 billion).
