CTBC Financial Holding Co., Ltd. (TPE:2891)

CTBC Financial Holding Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	141,282	139,339	131,400	129,986	144,210	168,231
Total Interest & Dividend Income	249,278	244,637	222,063	160,825	124,148	130,745
Gain (Loss) on Sale of Investments	14,501	12,304	47,297	-71,671	57,319	60,541
Other Revenue	65,923	57,641	24,769	63,770	57,968	64,834
Total Revenue	470,984	453,921	425,528	282,910	383,645	424,351
Revenue Growth (YoY)	9.24%	6.67%	50.41%	-26.26%	-9.59%	-3.99%
Policy Benefits	174,645	172,732	163,147	186,084	176,230	200,915
Depreciation & Amortization	8,135	8,063	7,865	7,633	7,161	7,256
Selling, General & Administrative	27,039	26,006	26,036	19,377	22,291	17,618
Provision for Bad Debts	13,202	12,115	9,674	8,986	7,714	9,258
Other Operating Expenses	24,290	31,085	23,554	1,356	33,728	46,395
Reinsurance Income or Expense	-3,942	-3,942	-3,429	-2,960	-2,608	-2,484
Total Operating Expenses	303,666	305,490	280,346	266,234	288,777	320,210
Operating Income	167,318	148,431	145,183	16,676	94,868	104,141
Interest Expense	-111,518	-110,550	-88,320	-32,701	-14,691	-20,425
Currency Exchange Gain (Loss)	31,402	50,304	10,113	63,083	-18,136	-32,013
Other Non Operating Income (Expenses)	-	-	-	-	-	-0
EBT Excluding Unusual Items	87,203	88,185	66,975	47,058	62,041	51,703
Gain (Loss) on Sale of Assets	-41.63	-41.63	-	-	-	-
Asset Writedown	-43.15	-54.03	-40.88	-9.1	3.45	-125.75
Pretax Income	87,119	88,090	66,934	47,049	62,044	51,577
Income Tax Expense	14,598	14,726	9,360	14,436	8,046	8,722
Earnings From Continuing Ops.	72,520	73,364	57,574	32,613	53,998	42,855
Minority Interest in Earnings	-1,504	-1,336	-1,493	-1,334	206.75	-1.75
Net Income	71,017	72,028	56,081	31,279	54,205	42,853
Preferred Dividends & Other Adjustments	2,143	1,070	1,070	1,070	1,070	989.33
Net Income to Common	68,873	70,958	55,011	30,209	53,135	41,864
Net Income Growth	10.89%	28.43%	79.29%	-42.30%	26.49%	-0.06%
Shares Outstanding (Basic)	19,498	19,498	19,497	19,497	19,497	19,497
Shares Outstanding (Diluted)	19,576	19,568	19,528	19,499	19,497	19,497
Shares Change (YoY)	0.20%	0.21%	0.15%	0.01%	-	-
EPS (Basic)	3.53	3.64	2.82	1.55	2.73	2.15
EPS (Diluted)	3.52	3.63	2.82	1.55	2.73	2.15
EPS Growth	9.32%	28.72%	82.00%	-43.15%	26.92%	-0.63%
Free Cash Flow	-119,292	-68,206	-19,445	92,456	-35,720	189,245
Free Cash Flow Per Share	-6.09	-3.49	-1.00	4.74	-1.83	9.71
Dividend Per Share	-	-	1.800	1.000	1.250	1.050
Dividend Growth	-	-	80.00%	-20.00%	19.05%	5.00%
Operating Margin	35.52%	32.70%	34.12%	5.89%	24.73%	24.54%
Profit Margin	14.62%	15.63%	12.93%	10.68%	13.85%	9.87%
Free Cash Flow Margin	-25.33%	-15.03%	-4.57%	32.68%	-9.31%	44.60%
EBITDA	171,350	152,295	148,891	19,687	97,007	106,878
EBITDA Margin	36.38%	33.55%	34.99%	6.96%	25.29%	25.19%
D&A For EBITDA	4,031	3,864	3,709	3,011	2,138	2,736
EBIT	167,318	148,431	145,183	16,676	94,868	104,141
EBIT Margin	35.52%	32.70%	34.12%	5.89%	24.73%	24.54%
Effective Tax Rate	16.76%	16.72%	13.98%	30.68%	12.97%	16.91%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.