Taishin Financial Holding Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Taishin Financial Holding (TWSE:2887) Full Year 2024 Results

Key Financial Results

• Revenue: NT$60.6b (up 20% from FY 2023).
• Net income: NT$20.1b (up 59% from FY 2023).
• Profit margin: 33% (up from 25% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.39 (up from NT$0.97 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Taishin Financial Holding Revenues Beat Expectations

Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 6.5% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Taishin Financial Holding (of which 1 makes us a bit uncomfortable!) you should know about.

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