Fubon Financial

The cash dividend is NT$4.25 along with a stock dividend of NT$0.25 per common share

Fubon Financial Holdings (2881) held its 2025 annual shareholders' meeting today, during which the 2024 business report, financial statements, and earnings distribution proposal were approved. In 2024, Fubon Financial Holdings achieved a record net income of NT$150.82 billion, marking the highest in the history of Taiwan's financial holding industry, and it has maintained its position as the leader in earnings per share for 16 consecutive years in Taiwan's financial industry.

The annual general shareholders meeting today approved a cash dividend of NT$4.25 per common share and a stock dividend of NT$0.25 per common share, totaling NT$4.5 per common share. The total dividend payout ratio reached 41.8%, with a total distribution of NT$61,495,748,566. Regarding the preferred share dividends, Fubon Financial Holdings issued Class A preferred share dividends at an annual rate of 4.58125%, Class B preferred share dividends at an annual rate of 3.6% and Class C preferred share dividends at an annual rate of 3.0% with a total preferred share dividend distribution amount of NT$3,689,229,600. Today's shareholders meeting also authorized the board of directors to set the ex-dividend date based on actual situation.

At the same time, in order to enhance capital scale and reinforce financial structure, the shareholders meeting today approved the proposal to convert capital surplus into company’s capital for issuing new shares. It is proposed to allocate NT$3,416,430,470 from the company's capital surplus to increase capital for issuing new shares, with a par value of NT$10 per share, totaling 341,643,047 common shares to be issued. Moreover, in order to meet the capital needs for the company's operational growth and other long-term strategic development, the shareholders meeting today also approved a long-term capital raising plan. The board of directors is authorized by the shareholders meeting to raise long-term capital based on market condition and future capital needs of the company. The principle is to issue no more than 1.5 billion shares and this move will strengthen the company's competitiveness and have a positive benefit on shareholders’ equity.

Richard M. Tsai, Chairman of Fubon Financial Holdings, stated that in 2024, global inflationary pressures are expected to ease, leading to a moderate economic recovery. However, the performance across various industries remains uneven, which affects the momentum of global economic growth. Taiwan is expected to benefit from strengthened export and production capabilities, along with stable consumer activity, which will promote economic growth and positively impact the overall profitability of Taiwan's financial holding industry. Fubon Financial Holdings has not only set a new record for annual profits, marking a high point for Taiwan's financial holding industry, but it also achieved an earnings per share (EPS) of NT$10.77, consistently ranking first in profitability among Taiwan's financial holdings for 16 years! Its subsidiaries, including Fubon Life, Taipei Fubon Bank, Fubon Securities, and Fubon Asset Management, also achieved record profits for the year 2024. As of December 2024, total assets reached NT$12 trillion 673 billion, with a 9% annual growth, making it the second largest financial holding company in Taiwan by total assets and the largest by market value.

Richard M. Tsai emphasized that Fubon Financial Holdings is not only dedicated to solidifying its presence in the Taiwanese market but also actively pursuing its regional strategy. The company is leveraging financial technology to introduce innovative capabilities and strengthen its financial service offerings. Furthermore, after successfully completing Taiwan's inaugural merger of two financial holdings companies in the first half of 2023, Fubon Financial Holdings has set plans to merge Fubon Asset Management with Jih Sun Securities Investment Trust in the fourth quarter of 2024, with an anticipated completion in 2025. This move is expected to enhance the asset management scale of Fubon Asset Management. By harnessing the synergies from the merger of the two financial holdings companies, Fubon Financial Holdings will continue to expand its customer base, balance the growth of its financial holding operations, and diversify its income streams, thus consistently providing a broad range of comprehensive financial services to its customers.

In addition to achieving outstanding operational performance, Fubon Financial Holdings also remains committed to investing in green finance to expand its global sustainable influence. Fubon Financial Holdings has established four primary strategies: "decarbonization, digitalization, empowerment, and connection," with a strong emphasis on low-carbon strategies to promote the low-carbon transition of industries. The company actively participates in international sustainability organizations and rejoined the Partnership for Biodiversity Accounting Financials (PBAF) in 2024. Additionally, it has been invited by the Ministry of Foreign Affairs to participate in the "2024 World Trade Organization Annual Public Forum (WTO public forum)," marking a first for Taiwan's financial industry. Fubon Financial Holdings' commitment to sustainable management has garnered significant international recognition, having been selected as a component of the “DJSI” World Market Index for eight consecutive years. It was also included in “TIME's” inaugural list of the top 500 global sustainable companies and has maintained its position as a top 500 global sustainable reputation brand according to “Brand Finance” for two consecutive years.

Looking ahead to 2025, Fubon Financial Holdings will balance risk management while pursuing steady business growth, continuing to deepen its presence in Taiwan and expand into the Asian market. The company will also assess opportunities for M&A and equity investments, steadily progressing towards the goal of "becoming one of Asia’s first-class financial institutions."