First Financial Holding Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

First Financial Holding (TWSE:2892) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$16.9b (up 4.5% from 2Q 2023).
• Net income: NT$6.71b (up 2.8% from 2Q 2023).
• Profit margin: 40% (in line with 2Q 2023).
• EPS: NT$0.48 (up from NT$0.47 in 2Q 2023).

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

First Financial Holding EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 5.2%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.1% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - First Financial Holding has 2 warning signs (and 1 which is potentially serious) we think you should know about.

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