SinoPac Financial Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

SinoPac Financial Holdings (TWSE:2890) Full Year 2024 Results

Key Financial Results

• Revenue: NT$64.7b (up 25% from FY 2023).
• Net income: NT$22.2b (up 13% from FY 2023).
• Profit margin: 34% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$1.75 (up from NT$1.58 in FY 2023).

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

SinoPac Financial Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.7%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.9% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with SinoPac Financial Holdings.

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