First Financial Holding Co., Ltd.

TWSE:2892 Stock Report

Market Cap: NT$528.4b

First Financial Holding Future Growth

Future criteria checks 1/6

First Financial Holding is forecast to grow earnings and revenue by 3.7% and 4.1% per annum respectively while EPS is expected to grow by 3.8% per annum.

Key information

3.7%

Earnings growth rate

3.76%

EPS growth rate

Banks earnings growth7.6%
Revenue growth rate4.1%
Future return on equityn/a
Analyst coverage

Low

Last updated02 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 15

2892: Future Outlook Will Balance Softer Revenue Assumptions With Stable Fair Pricing

Analysts have kept their NT$30.90 price target for First Financial Holding steady, explaining that slightly lower revenue growth assumptions are being balanced by a marginally higher profit margin outlook and a small adjustment in the discount rate and future P/E input. What's in the News No recent company specific news items or key developments were provided in the available sources.
Narrative Update • Jun 01

2892: Steady Fair Value And Refined Assumptions Will Support Upside Potential

Analysts have kept their NT$32.00 price target for First Financial Holding steady, with slightly adjusted assumptions on discount rate, revenue growth, profit margin, and future P/E, reflecting updated views on the stock's risk and earnings profile. Valuation Changes Fair Value: NT$32.00 remains unchanged, so the updated assumptions do not alter the headline valuation estimate.
Narrative Update • May 18

2892: Stable Fair Value And Refinements To Key Assumptions Will Guide Outlook

Analysts have adjusted their price target for First Financial Holding to NT$32.0. This reflects updated assumptions around discount rate, revenue growth, profit margin and forward P/E that keep the projected valuation level unchanged in headline terms. Valuation Changes Fair Value: NT$32.0 remains unchanged, so the overall valuation anchor is stable.
Narrative Update • Apr 28

2892: Fair Outlook Will Depend On Sustained Margins And Discount Rate Assumptions

Analysts have adjusted their price target for First Financial Holding to NT$29.8 from NT$28.8, citing updated assumptions around revenue growth, profit margins, a lower discount rate, and a revised future P/E estimate. Valuation Changes Fair Value: NT$29.8 compared with the previous NT$28.8, a modest upward adjustment in the target estimate.
Narrative Update • Apr 14

2892: Steady Assumptions And Refined Discount Rate Will Support Upside

Analysts have kept their NT$ price target for First Financial Holding unchanged at NT$32.0, citing relatively steady assumptions around discount rate, revenue growth, profit margin, and future P/E as key supports for their stance. Valuation Changes Fair Value: NT$32.0 is unchanged, indicating no adjustment to the overall valuation anchor.
Narrative Update • Mar 31

2892: Lower Discount Rate And Higher Future P/E Will Support Upside

Analysts have adjusted their price target for First Financial Holding from NT$31.00 to NT$32.00, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E ratio. Valuation Changes Fair Value: adjusted from NT$31.00 to NT$32.00, reflecting a modest uplift in the assessed valuation.
Narrative Update • Mar 16

2892: Future Outlook Will Balance Slightly Softer Growth With Stable Fair Pricing

Analysts have nudged their price target for First Financial Holding to NT$30.90 from NT$30.40, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Valuation Changes Fair Value: NT$30.40 to NT$30.90, a small upward adjustment in the estimated share value.
Narrative Update • Mar 02

2892: Future Outlook Will Emphasize Stable Margins At A Fair Price

Analysts have kept their NT$30.40 price target for First Financial Holding intact, citing only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions that did not materially change their overall valuation view. Valuation Changes Fair Value: NT$30.40 remains unchanged, with no adjustment to the overall valuation level.
Narrative Update • Feb 16

2892: Lower Discount Rate And Stronger Margins Will Support Fair Valuation

Analysts have left their NT$31.0 price target for First Financial Holding unchanged. They cite updated assumptions that now reflect a lower discount rate, higher revenue growth, stronger profit margins and a more conservative future P/E multiple.
Narrative Update • Feb 02

2892: Future Outlook Will Reflect Higher Profitability Assumptions At A Fair Price

Analysts have increased their fair value estimate for First Financial Holding from $29.90 to $30.40, citing updated assumptions on revenue growth, profit margins, the discount rate, and the future P/E multiple. Valuation Changes Fair Value: Updated slightly higher from NT$29.90 to NT$30.40.
Narrative Update • Jan 19

2892: Fair Outlook Will Rely On Sustained Margins And Earnings Multiple

Analysts have raised their price target for First Financial Holding to $28.80 from $22.94, citing updated assumptions regarding revenue growth, profit margins, and a higher future P/E multiple. Valuation Changes Fair Value: Raised from NT$22.94 to NT$28.80, representing a sizeable uplift in the estimated intrinsic value per share.
Narrative Update • Jan 04

2892: Future Outlook Will Reflect Stable Margins And Slightly Softer Revenue Assumptions

Analysts have modestly raised their price target on First Financial Holding to $29.90 from $29.90, citing a slightly higher implied future price-to-earnings multiple and a marginally higher discount rate that reflect a more cautiously optimistic view of the company’s long term earnings power. Valuation Changes Fair Value: Unchanged at NT$29.90 per share, indicating no revision to the core intrinsic value estimate.
Narrative Update • Dec 17

2892: Future Outlook Will Balance Margin Improvement With Moderating Revenue Expectations

Analysts have raised their price target for First Financial Holding from 28.20 dollars to 29.90 dollars, citing expectations of slightly lower revenue growth, improved profit margins, and a modestly higher future price to earnings multiple. Valuation Changes Fair Value: Raised slightly from NT$28.20 to NT$29.90, reflecting a modestly higher intrinsic valuation.
Narrative Update • Dec 03

2892: Future Outlook Balances Stronger Revenue Expectations With Slight Margin Pressure

Analysts have raised their price target on First Financial Holding by approximately 2 percent to about $28.20 per share, citing slightly lower discount rate assumptions, stronger expected revenue growth, and a modestly higher long term valuation multiple, despite a small reduction in projected profit margins. Valuation Changes The fair value estimate has risen slightly from NT$27.58 to NT$28.20 per share.
Narrative Update • Sep 06

Leveraging US Operations Will Capture Tech Sector Opportunities

The consensus price target for First Financial Holding has increased, driven by stronger revenue growth forecasts and a lower future P/E, resulting in an upward revision of fair value from NT$25.82 to NT$27.58. What's in the News First Financial Holding Co. Ltd.
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New Narrative • Dec 08

Rate Cuts And Geopolitical Tensions To Curtail Earnings And Pressure Margins

Projected SWAP gains decline and increased credit costs may pressure net interest margins, impacting revenue and earnings.

Earnings and Revenue Growth Forecasts

TWSE:2892 - Analysts future estimates and past financials data (TWD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202778,88330,648N/AN/A2
12/31/202676,20129,911N/AN/A2
3/31/202673,35828,658-335,174-333,265N/A
12/31/202571,21626,933-257,205-255,323N/A
9/30/202567,47225,563-289,607-287,796N/A
6/30/202565,24524,889-152,201-150,317N/A
3/31/202565,08524,863-200,252-198,374N/A
12/31/202466,36225,359-318,013-316,104N/A
9/30/202464,30024,243-174,145-172,147N/A
6/30/202463,15023,031-267,121-265,784N/A
3/31/202462,42922,846-229,450-227,821N/A
12/31/202361,44222,461-204,413-202,754N/A
9/30/202361,07323,194-291,067-289,391N/A
6/30/202363,06823,519-244,774-242,996N/A
3/31/202362,57622,282-381,286-379,472N/A
12/31/202261,18620,596-384,037-382,344N/A
9/30/202261,92319,646-313,296-311,690N/A
6/30/202259,67219,062-304,190-302,775N/A
3/31/202259,09619,654-232,483-231,206N/A
12/31/202158,99019,739-125,623-124,328N/A
9/30/202160,69619,951-225,206-223,613N/A
6/30/202159,51618,956-224,416-222,771N/A
3/31/202157,52318,899-285,620-283,738N/A
12/31/202055,07816,808-333,375-331,450N/A
9/30/202053,95817,370-346,355-344,785N/A
6/30/202054,92818,219-320,340-318,717N/A
3/31/202056,87117,497-192,504-191,033N/A
12/31/201958,46819,369N/A-193,735N/A
9/30/201956,78518,368N/A-76,679N/A
6/30/201955,16317,641N/A-144,914N/A
3/31/201955,18617,550N/A-185,172N/A
12/31/201854,76517,332N/A-143,539N/A
9/30/201850,08414,951N/A-131,308N/A
6/30/201848,96615,452N/A-85,845N/A
3/31/201846,24715,735N/A-92,462N/A
12/31/201744,07115,483N/A-53,444N/A
9/30/201747,12518,779N/A-70,710N/A
6/30/201745,63818,217N/A-35,051N/A
3/31/201743,66217,267N/A-27,484N/A
12/31/201642,85217,356N/A-50,087N/A
9/30/201642,51517,423N/A-95,703N/A
6/30/201641,94116,669N/A-168,128N/A
3/31/201641,82416,327N/A-109,802N/A
12/31/201540,33216,006N/A-76,917N/A
9/30/201531,16414,426N/A-55,950N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2892's forecast earnings growth (3.7% per year) is above the savings rate (1.3%).

Earnings vs Market: 2892's earnings (3.7% per year) are forecast to grow slower than the TW market (25.2% per year).

High Growth Earnings: 2892's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2892's revenue (4.1% per year) is forecast to grow slower than the TW market (20.3% per year).

High Growth Revenue: 2892's revenue (4.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 2892's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/01 19:42
End of Day Share Price 2026/07/31 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Financial Holding Co., Ltd. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Noel ChanBarclays
Trevor KalcicCGS International
Dexter HsuCLSA