First Financial : FFHC 2021 3Q Financial Results Presentation
11/30/2021 | 03:41am EST
First Financial Holding
20213Q Earnings Result
November 30, 2021, Taipei
This presentation is provided by First Financial Holding Co., Ltd. ("FFHC"). The information
contained within is not reviewed or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by FFHC. While we endeavor to provide accurate, complete and consistent information herein, FFHC makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter.
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At a Glance
At a Glance
Bottomline Improved on Robust Core Earnings
A Smooth Pace in 3Q21 as Market-Driven Income Varied:
FFHC delivered 3Q21 earnings totaled NT$16,521 mn(+23.5%,YoY) thanks to
group's diversified revenue streams, which helped boost bottom-line to double-
digit growth for 3Q21.
FB's Loan book grew by +7.9% (YoY), demand from corporates continued whereas mortgage softened in 3Q21:
Large Corp. and SME both booked double-digit growth, similar to post-2008 financial crisis, while mortgage slowed down reflecting renewed capital gain tax on property in 2H21.
Non-Banksubsidiaries maintained at 12% profit contribution till 3Q21:
Broker & Life, though softened in 3Q21, representing 12% profit contribution
of FFHC's profits.
Macro Moves Toward Another Normalized-Rate Cycle:
Inflation fear arose in the resurgence of oilprice, tapering bond purchase or rate-hiking is expected in the coming year, bringing global macro. into another cycle.
First Financial Holding Co. Ltd. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 08:40:06 UTC.