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  3. •

    Regional banks
SinoPac Financial Holdings Co., Ltd.

SinoPac Financial Holdings Co., Ltd.

TTWSE:2890
46.35
TWD
+0.95
(+2.09%)
1.93EPS
14.35P/E
411.35BMarket Cap
Nov 12Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.78
2.86
2.54
2.4
2.6
2.53
2.87
3.06
3.54
3.67
4
4.75
5.37
5.43
Basic EPS, GAAP
0.91
1.09
0.86
0.66
0.72
0.75
0.99
0.97
1.28
1.27
1.5
1.66
1.92
1.94
Free Cash Flow per Basic Share
-0.01
-1.1
-1.56
7.73
-3.43
1.23
5.27
-0.17
6.4
7.62
-11.47
-0.37
3.58
3.62
Dividend per Share
0.21
0.23
0.37
0.35
0.29
0.44
0.57
0.62
0.62
0.72
0.55
0.69
0.83
- -
Book Value per Share
9.07
9.92
10.42
10.59
10.94
11.22
11.74
12.33
12.88
12.19
14.08
15.35
17.28
17.28
Tangible Book Value per Share
8.82
9.7
10.2
10.34
10.75
11.04
11.57
12.16
12.71
12
13.89
15.18
16.41
16.41
Basic Weighted Avg Shares
11,813
11,960
12,638
12,638
12,638
12,638
12,638
12,638
12,638
12,553
13,214
13,380
13,837
13,699
Sales/Revenue/Turnover
32,848
34,241
32,124
30,375
32,852
32,034
36,262
38,621
44,737
46,084
52,821
63,576
74,335
74,335
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
953
957
982
1,049
1,063
967
1,864
1,986
2,194
2,307
2,386
2,501
2,880
2,880
Net Income, GAAP
10,791
13,018
10,857
8,283
9,085
9,428
12,477
12,241
16,211
15,961
19,764
22,229
26,569
26,569
Effective Tax Rate (%)
13.68
12.54
12.85
13.07
13.89
16.21
12.48
12.37
13.07
17.75
14.33
18.56
16.46
16.46
Profit Margin (%)
32.85
38.02
33.8
27.27
27.66
29.43
34.41
31.7
36.24
34.63
37.42
34.96
35.74
35.74
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
83,731
97,399
96,439
114,596
104,723
78,436
78,301
98,081
113,474
99,824
137,127
158,981
204,727
204,727
Total Equity
108,349
125,473
131,715
133,898
138,260
141,821
148,366
155,870
162,804
154,019
188,336
205,383
258,099
258,099
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
5.91
6.27
4.81
3.48
3.7
4.07
5.58
5.09
6.11
6.02
6.82
6.44
6.38
6.38
Return on Common Equity (%)
10.48
11.14
8.45
6.24
6.68
6.73
8.6
8.05
10.17
10.08
11.55
11.29
11.53
11.53

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14,782
14,782
14,782
Market Capitalization
336,620
359,572
411,350

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
232,992
280,167
302,967
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
7.32%
11.21%
25.67%
Free Cash Flow
-599.8%
-1,069.12%
-1,097.79%
Net Income, GAAP
10.69%
17.34%
19.53%
Sales/Revenue/Turnover
9.07%
14.15%
16.92%
Total Cash Common Dividend
- -
- -
24.37%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
12,527
13,391
14,251
12,652
52,821
2024
16,423
15,888
16,890
14,376
63,576
2025
18,437
16,778
19,652
19,468
74,335

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.37
0.4
0.42
0.3
1.5
2024
0.52
0.4
0.47
0.28
1.66
2025
0.54
0.41
0.6
0.4
1.92

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.55
2024
- -
- -
- -
- -
0.69
2025
- -
- -
- -
- -
0.83

Company Description

Company Profile APIChatGPT
CEO
Shih Ting Chu
Full Time Employees
15,448
Sector
Finance
Industry
Regional banks
Address
No. 306 and 308, Bade Road Taipei TPE Taiwan 104
IPO Date
May 9, 2002
Website
sinopac.com
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Business
SinoPac Financial Holdings Company Limited (SinoPac Holdings, 2890.TW) is a Taiwan-based financial holding company that, through its subsidiaries, provides a comprehensive range of financial services including banking, securities brokerage, investment trusts and asset management, leasing and factoring, venture capital, insurance brokerage, and wealth management. Core offerings encompass deposits, loans, credit cards, mutual funds, discretionary accounts, private equity funds, cash management, trust services, international trade and remittance services, electronic and digital banking, broking, proprietary trading, underwriting, fixed income products, installment sales, real estate leasing, foreign exchange, and securities investment consulting. The company operates primarily in Taiwan with a global network spanning Hong Kong, Macao, mainland China (Nanjing, Shanghai, Guangzhou, Chongqing, Chengdu, Dongguan, Kunshan, Xiamen, Yinchuan), Vietnam, Cambodia, Thailand, Myanmar, and Los Angeles, targeting retail, corporate, and institutional clients across commercial banking, retail banking, and capital markets segments. Established in 2002 through the merger of Bank SinoPac and National Securities and headquartered in Taipei, Taiwan, SinoPac Holdings traces its roots to 1948 via predecessor entities such as King's Town Bank, originally the Tainan Small and Medium Enterprise Bank. Bank SinoPac, the primary profit contributor, maintains 125 branches in Taiwan alongside its wholly-owned subsidiary Bank SinoPac (China) and supports regional operations through subsidiaries like SinoPac Securities, which provides brokerage and underwriting services from 55 locations. Recent strategic expansions include the January 2025 acquisition by Bank SinoPac of 80% equity in Cambodian microfinance institution Amret Plc to broaden overseas presence and sustainable finance offerings; the October 2025 completion of a share swap making King's Town Bank, with its 66 branches concentrated in southern Taiwan (Yunlin, Chiayi, Tainan), a wholly-owned subsidiary to enhance domestic retail and community banking; and in May 2025, SinoPac Securities' approval of a NTD1.628 billion cash merger with CL Securities Taiwan, marking the third consecutive acquisition to bolster securities operations. Additional developments encompass board resolutions in July 2025 for King's Town Bank share swap adjustments and record dates, alongside active participation in 2025 investor conferences hosted by CLSA, UBS, J.P. Morgan, and HSBC to engage global institutional investors.