CTBC Financial Holding Third Quarter 2024 Earnings: EPS: NT$1.10 (vs NT$0.96 in 3Q 2023)

CTBC Financial Holding (TWSE:2891) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$146.6b (up 63% from 3Q 2023).
• Net income: NT$21.4b (up 15% from 3Q 2023).
• Profit margin: 15% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$1.10 (up from NT$0.96 in 3Q 2023).

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

CTBC Financial Holding Earnings Insights

Looking ahead, revenue is expected to fall by 58% p.a. on average during the next 3 years compared to a 8.0% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's shares are up 2.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on CTBC Financial Holding's balance sheet.

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