1. Taiwan, Province of China Stocks

  2. •

    Financial Services

  3. •

    Banks - Regional
TS Financial Holding Co., Ltd.

TS Financial Holding Co., Ltd.

2887.TW
TS Financial Holding Co., Ltd.TW flagTaiwan Stock Exchange
35.80
TWD
+0.90
- -
890.21BMarket Cap
TS Financial Holding Co., Ltd.
2887.TW
(Taiwan Stock Exchange)

Recent

price

35.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.38
3.72
3.96
4.54
4.58
2.61
2.53
2.64
2.79
3.16
3.28
4.48
5.12
5.39
6.67
- -
8.97
Revenue per Share
0.64
0.78
0.86
1.16
0.13
1.03
0.89
1
1
1.12
1.12
1.57
1.15
1.13
1.55
- -
2.2
Basic EPS, GAAP
0.63
2.21
3.27
-2.13
-0.56
-1.47
0.96
-1.25
-1.34
2.99
0.35
-0.11
4.71
-0.84
-2.32
- -
-5.01
Free Cash Flow per Basic Share
0.28
0.34
0.24
0.24
0.35
0.14
0.4
0.43
0.54
0.53
0.61
0.6
0.67
0.61
0.73
- -
- -
Dividend per Share
5.54
6.05
6.55
7.44
7.15
7.9
8.24
8.66
9.01
9.48
9.87
10.73
10.56
10.81
12.35
- -
17.23
Book Value per Share
10.98
12.34
12.72
14.13
8.33
9
10.73
11.16
12.51
13
13.48
14.4
14.52
15.57
16.51
- -
-12.09
Tangible Book Value per Share
12,064
12,067
12,068
11,975
12,593
12,848
12,860
13,008
12,956
12,963
12,970
12,976
12,976
12,976
12,976
- -
16,932
Basic Weighted Avg Shares
40,789
44,853
47,833
54,378
57,689
33,552
32,590
34,321
36,192
41,010
42,542
58,125
66,456
69,890
86,604
151,891
151,891
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2,145
1,845
1,585
1,481
1,562
901
1,006
1,067
1,195
2,004
2,201
2,389
2,628
2,694
2,810
5,229
5,229
Depreciation Expense
7,723
9,432
10,387
13,836
1,624
13,223
11,399
13,061
12,931
14,488
14,493
20,312
14,864
14,602
20,064
37,327
37,327
Net Income, GAAP
30.66
16.25
18.37
19.01
26.74
11.21
12.16
11.75
9.18
10.98
11.82
12.34
15.83
17.6
15.18
9.44
9.44
Effective Tax Rate (%)
18.93
21.03
21.71
25.44
2.82
39.41
34.98
38.05
35.73
35.33
34.07
34.95
22.37
20.89
23.17
24.57
24.57
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
91,767
97,457
97,739
92,610
61,885
87,128
91,024
90,014
85,461
93,673
99,692
108,584
98,700
111,161
126,482
258,226
258,226
LT Debt
166,442
182,791
182,455
197,989
114,184
124,960
148,876
155,322
174,518
179,018
186,109
198,101
202,894
216,562
228,885
484,104
484,104
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
12.04
13.49
13.66
16.46
1.81
13.81
10.99
11.95
11.27
12.09
11.55
15.21
10.76
10.53
13.35
16.51
16.51
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
11,000
13,947
13,947
Shares Outstanding
12,976
24,866
24,866
Market Capitalization
218,257
304,785
345,423

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
135,337
288,350
283,725
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.52%
26.56%
111.51%
Free Cash Flow
-512.56%
-864.69%
181.54%
Net Income, GAAP
14.69%
27%
86.04%
Sales/Revenue/Turnover
18.04%
31.09%
75.39%
Total Cash Common Dividend
41.32%
35.79%
158.05%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
19,228
17,519
16,467
16,675
69,890
2024
21,310
21,362
23,502
20,430
86,604
2025
24,772
19,973
45,719
61,427
151,891

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.41
0.25
0.21
- -
1.13
2024
0.39
0.39
0.43
- -
1.55
2025
0.36
0.38
0.53
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.61
2024
- -
- -
- -
- -
0.73
2025
- -
- -
- -
- -
- -
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Business
TS Financial Holding Co., Ltd. (2887.TW) is a Taiwan-based financial holding company engaged in investment management and oversight of subsidiaries providing comprehensive financial services including banking, life insurance, securities brokerage, and investment trusts. The group offers core products and services through key subsidiaries such as Taishin Bank, which provides deposits, loans, bill discounting, guarantees, remittances, foreign exchange transactions, and wealth management including tailored financial consulting, tax planning, trusts, asset allocation advisory, TWD/FCY deposits, investment products, and insurance; Shin Kong Life Insurance, delivering life insurance policies; Taishin Securities, offering brokerage, underwriting, and trading services; and other units providing futures trading, asset management, and financial advisory. Founded in 1997 and headquartered in Taipei, Taiwan, the company operates primarily in Asia with additional presence in Europe, America, and other regions, targeting retail, corporate, and high-net-worth customers across banking, insurance, and securities segments. In recent developments, TS Holdings announced in September 2025 that its subsidiary Taishin Securities will merge with MasterLink Securities, a related wholly-owned entity, to integrate securities operations, enhance competitiveness, expand business scale, boost revenue, and improve operational efficiency through synergies, with the transaction involving a share exchange ratio of 1.1264 Taishin shares per MasterLink share based on June 2025 financials and pending regulatory approval.