Fubon Financial Holding Third Quarter 2024 Earnings: EPS Misses Expectations

Fubon Financial Holding (TWSE:2881) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$70.0b (down 42% from 3Q 2023).
• Net income: NT$40.0b (up 61% from 3Q 2023).
• Profit margin: 57% (up from 21% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: NT$2.93 (up from NT$1.82 in 3Q 2023).

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

Fubon Financial Holding EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

Looking ahead, revenue is forecast to decline by 45% p.a. on average during the next 3 years, while revenues in the Insurance industry in Asia are expected to remain flat.

Performance of the market in Taiwan.

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

Risk Analysis

It is worth noting though that we have found 2 warning signs for Fubon Financial Holding (1 doesn't sit too well with us!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.