CTBC Financial Holding Co Ltd Earnings Call Transcript
Thank you for joining first quarter financial holding -- sorry, thank you for joining CTBC Financial Holding Company first quarter analyst meeting. Today, we have Ms. Megan Hsu, CFO of CTBC Financial Holding Company; and Mr. Pai-Hung Yeh, Chief Strategy Officer of Taiwan Life to host the meeting. We will beginning with the first quarter result presentation and then followed by Q&A.
Thank you, everyone, for joining CTBC First Quarter 2023 Earnings Call. Please turn to Page 4 on performance highlights. CTBC Holding's net profit reached TWD 13 billion in 1Q '23, improved significantly compared to 4Q '22. Compared to the same period last year, net profit was down 21% Y-o-Y due to net loss at Taiwan Life. While core banking business remained resilient, our subsidiaries also resumed growth.
Holding's ROE was 14.6%. Ranked #1 among peers. The Board decided to pay out a cash dividend of TWD 1 per share, implying a payout ratio of 64.5%, a dividend yield of 4.4%.
CTBC Bank's net profit
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
