1. Taiwan Stocks

  2. •

    Finance

  3. •

    Regional banks
Union Bank of Taiwan

Union Bank of Taiwan

TTWSE:2838
20.50
TWD
+0.15
(+0.74%)
1.39EPS
13.92P/E
89.20BMarket Cap
Union Bank of Taiwan
TWSE:2838
(Taiwan Stock Exchange)

Recent

price

20.50

P/E

ratio

13.92

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
2.25
2.23
2.41
2.32
2.43
2.61
2.64
2.74
2.8
3.07
3.12
3.65
3.7
3.87
4.1
4.39
4.52
Revenue per Share
0.4
0.48
0.68
0.64
0.69
0.69
0.58
0.61
0.65
0.74
0.75
0.98
0.77
0.94
1.14
1.33
1.39
Basic EPS, GAAP
3.34
1.44
-0.76
-2.75
1.07
-1.76
0.17
-9.87
12.06
-4.89
1.89
-0.68
-1.15
3.88
-0.71
-2.66
-3.26
Free Cash Flow per Basic Share
- -
- -
0.2
0.04
- -
0.14
0.23
0.26
0.25
0.11
0.17
0.11
0.21
0.18
0.28
0.42
- -
Dividend per Share
4.49
5.23
5.57
6.31
7.09
7.7
7.94
10.14
10.53
11.92
12.76
13.81
12.9
14.49
16.38
18.1
17.84
Book Value per Share
3.87
4.64
5.1
5.85
6.64
7.23
7.46
9.66
10.05
11.45
12.28
13.34
12.42
14.01
15.9
17.63
17.37
Tangible Book Value per Share
3,520
3,826
3,884
4,475
4,513
4,524
4,530
4,530
4,539
4,549
4,560
4,569
4,578
4,585
4,592
4,600
4,599
Basic Weighted Avg Shares
7,925
8,533
9,364
10,362
10,948
11,799
11,964
12,408
12,718
13,945
14,244
16,669
16,935
17,729
18,833
20,198
20,775
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
974
1,266
1,539
1,661
1,634
1,707
1,821
1,938
1,988
2,484
2,492
2,638
2,714
2,667
2,766
2,786
2,770
Depreciation Expense
1,410
1,827
2,635
2,868
3,094
3,121
2,636
2,745
2,957
3,359
3,442
4,464
3,539
4,317
5,215
6,102
6,403
Net Income, GAAP
24.51
19.05
14.84
15.27
16.44
18.26
19.61
18.32
15
16.29
12.69
14.33
22.16
17.47
15.32
16.07
15.15
Effective Tax Rate (%)
17.8
21.41
28.14
27.68
28.26
26.45
22.04
22.12
23.25
24.09
24.16
26.78
20.9
24.35
27.69
30.21
30.82
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
7,109
5,990
6,422
9,379
7,400
10,204
12,336
13,110
11,181
13,089
10,388
10,641
7,664
7,740
7,633
9,018
9,128
LT Debt
20,309
23,138
25,242
28,680
32,307
35,150
36,218
48,187
50,059
56,250
60,192
65,865
63,117
70,642
79,453
87,326
86,106
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
4.88
6.43
8.63
8.17
7.88
7.3
5.56
4.96
4.83
5.13
4.92
6.07
4.8
5.78
6.29
6.67
6.89
Return on Capital (%)
9.22
9.89
11.79
10.78
10.23
9.33
7.44
6.71
6.31
6.58
6.12
7.36
5.79
6.88
7.36
7.7
7.96
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
2,000
2,000
2,000
Shares Outstanding
4,601
4,601
4,601
Market Capitalization
77,913
83,990
89,198

Working Capital

TWD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
50,568
51,691
50,094
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.89%
7.91%
9.91%
Free Cash Flow
-693.64%
-70.08%
272.95%
Net Income, GAAP
8.11%
13.75%
17%
Sales/Revenue/Turnover
5.62%
7.35%
7.25%
Total Cash Common Dividend
23.11%
31.19%
53.33%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,647
4,769
5,080
4,336
18,833
2025
4,680
4,811
5,468
5,240
20,198
2026
5,256
- -
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.31
0.33
0.2
1.14
2025
0.26
0.32
0.4
0.35
1.33
2026
0.33
- -
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.28
2025
- -
- -
- -
- -
0.42
2026
- -
- -
- -
- -
- -
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Business
Union Bank of Taiwan (2838.TW) operates as a commercial bank in Taiwan, providing a comprehensive range of retail, corporate, and international banking services; deposit products including demand and time deposits; corporate loans, bill discounting, domestic letters of credit, and accounts receivable factoring; consumer credits such as mortgages, auto loans, personal loans, and credit cards; wealth management, trust, custodian services, safe-deposit boxes, and marketable securities certification; foreign exchange handling for exports, imports, remittances, foreign currency loans, and guarantees; insurance agency for life and property; securities and futures trading on behalf of customers; and collection services for public fees, taxes, and remittances. The bank also engages in peripheral financial activities including real estate sales, purchases, and leasing; venture capital; investment management consulting; private equity funds; equipment leasing; and power generation and energy services. Founded in 1989 and headquartered in Taipei, Taiwan, Union Bank of Taiwan maintains 90 domestic branches across Greater Taipei, Taoyuan, Hsinchu, Taichung, Changhua, Chiayi, Tainan, Kaohsiung, and Pingtung; 9 securities branches; representative offices in Ho Chi Minh City and Hanoi; a branch in Da Nang, Vietnam; and plans to open a Tokyo branch approved by regulators in 2025 to support Taiwan-Japan business flows amid strengthening economic ties in high-tech sectors. Recent strategic developments include collaborations with New New Bank for cross-bank digital account openings and credit card promotions, adding approximately 16,000 new digital depositors in 2024; expansion of acquiring business with small and medium-sized merchants, achieving a 40% growth in contracted stores and NT$24 billion increase in online transaction volume; 19% year-over-year growth in consumer installment loan sales revenue; and a joint donation of 30 million yen to Japan's Noto Peninsula earthquake relief in 2024 alongside affiliates. Previously, the bank acquired Chung Shing Bank in 2005, merged Union Bills Finance in 2010, and integrated Union Insurance Broker in 2016 to enhance operational synergies and service capabilities.