CTBC Financial Holding Co., Ltd.

NT$73.40As of Sun 8 Nov 2026, 12:00 UTC

TWSE:2891Financials

Country Taiwan

PE (Fwd) •••

TSR 10Y CAGR 21.33%

Div yield 3.41%

ROTE 17.10%

Banks (Regional)

Beta (5Y) 0.56

PE TTM 13.23

TSR TTM 81.89%

Mkt cap NT$1.444T

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

NT$73

(0.13%)

(62.80%)

Hold 3|9|11|12|4

TTM

FYE 31 Dec TWD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

184.1

RevenueNT$B

242.8

249.3

261.8

264.8

278.5

290.3

297.8

309.7

321.9

337.8

205.7

3.94%

3.51%

19.38

Revenue growth%

15.80

17.42

19.20

18.58

15.97

18.31

18.51

19.02

20.01

20.99

16.03

19.02

18.55

8.15

NIM%

21.65

22.64

24.14

25.19

27.15

29.99

27.18

25.92

23.97

26.85

26.22

26.85

25.56

28.10

Effic. R.%

9.46

8.40

8.96

10.86

13.46

13.71

14.53

13.26

11.80

13.16

24.09

13.26

12.48

17.65

Net margin%

14.49

17.27

14.77

17.34

16.29

17.29

19.25

21.71

19.56

21.29

20.44

19.56

17.32

35.23

P/E ratio (avg)x

21.32

21.53

22.77

25.60

26.89

24.25

24.73

22.40

25.14

26.49

36.48

24.73

24.49

31.33

P/TBVx

34.21

32.52

28.75

30.52

26.46

24.08

25.56

23.33

20.64

19.61

11.35

23.33

26.01

7.888

P/Bx

15.16

14.80

13.90

15.26

15.11

17.49

20.04

21.85

21.06

21.46

6.628

21.06

16.38

171.4

NIINT$B

188.4

193.7

205.5

206.1

217.5

229.1

231.7

244.3

251.1

264.4

285.9

3.98%

3.61%

—

29.38

NII grth%

21.13

18.94

18.85

19.05

17.04

15.32

14.56

15.68

16.38

13.45

29.94

15.32

16.71

10.80

ROTE%

13.45

14.11

14.23

13.37

11.96

13.62

12.79

13.59

12.70

15.12

4.53

13.59

13.52

27.44

Return on equity%

10.50

12.03

10.85

11.21

13.39

15.47

14.82

13.69

11.71

11.72

8.56

13.69

11.88

14.58

Return on assets%

18.01

16.98

18.63

15.93

14.89

15.18

16.93

14.61

13.17

11.49

16.43

14.61

15.56

7.15

EPSNT$

13.51

14.93

16.03

17.16

19.97

22.75

25.76

24.09

23.80

25.19

7.64

4.75%

7.84%

—

25.71

EPS growth%

26.81

26.61

23.91

24.13

27.01

25.51

25.86

24.54

25.21

24.67

28.89

25.21

25.36

11.04

Bookvalue per shNT$

8.76

8.51

8.99

9.01

9.07

10.28

11.22

10.42

10.03

9.91

11.92

1.77%

1.19%

—

5.88

TBV/shNT$

19.64

20.12

19.70

22.73

22.41

26.54

27.20

29.04

28.82

33.56

10.60

8.41%

7.27%

—

7.81

Dividend per shNT$

3.30

3.51

3.82

3.45

3.07

2.88

3.13

3.37

3.22

3.34

3.47

1.70%

0.96%

—

23.03

Div yield (avg)%

19.28

18.86

16.70

16.01

13.58

13.41

14.92

14.55

15.03

17.77

13.92

14.92

15.52

19.07

Payout ratio%

17.21

15.29

12.48

10.63

8.94

10.65

13.15

11.28

12.60

14.71

8.46

12.60

12.54

19.71

Shares (diluted)B

22.19

22.91

26.25

25.26

27.35

28.31

27.99

30.41

33.95

39.89

19.32

7.84%

6.92%

14.07

Buyback yield%

17.57

15.57

14.66

14.74

12.83

10.13

12.91

10.77

9.39

11.16

22.26

10.77

12.87

41.15

Eq/Assets%

36.67

42.17

48.01

57.32

61.32

59.88

60.74

70.01

67.87

22.94

61.32

58.60

51.51

AssetsNT$B

1,673

1,838

2,058

2,151

2,450

2,652

2,944

3,308

3,535

3,752

225.3

8.90%

8.98%

219.0

LT debtNT$B

354.6

373.3

385.0

351.0

332.3

372.5

358.2

390.6

367.9

419.2

373.1

4.75%

0.72%

Peers (US$43.62B)

Cap (US$)

TS Financial Holding…

29.17B

12.30x

Mega Financial Holding…

23.97B

20.79x

E.SUN Financial…

22.99B

19.58x

Axis Bank Limited

43.73B

13.82x

Capital

TTM

10Y

Tang eq%

563.70

6.41

9.13

LT debt%

425.14

11.81

13.81

Cash%

206.55

12.91

12.78

Sh yield%

37.11

25.32

28.38

Owners

Insiders/Inst%

4.68

27.28

Short interest%

1.08

SBC / revenue%

0.94

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

11–15

$1 testx

0.0

Incr. ROIC%

—

CTBC Financial Holding Co., Ltd., together with its subsidiaries, engages in corporate and personal finance, life insurance, and other businesses in Taiwan, Asia, and North America. The company offers commercial banking and capital market services; customized financing and wealth management and credit services; life insurance services; and designs, provides, and trades in various financial products.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

NT$3.752T

8.98%

1.67×

Revenue

NT$337.8B

3.51%

1.00×

Non-interest expense

NT$153.2B

3.39%

0.99×