Mega Financial Posts Record NT$34.331 Billion Profit Through October, EPS Reaches NT$2.31

Preface

Mega Financial Holding (兆豐金控, 2886-TW) reported its latest unaudited earnings on the 13th. The group posted an after-tax profit of NT$1.483 billion in October and NT$34.331 billion for the first 10 months, up 12.80% year over year. Earnings per share (EPS) reached NT$2.31, while cumulative profit set a record for the same period and remained the highest among state-owned financial holding companies. The results reflect steady performance in the bank’s core operations and robust activity in capital markets. Non-bank subsidiaries recorded particularly strong gains, with their combined first-10-month profit rising 68.21%. This article reviews the figures reported by Mega Financial, the contributions of its principal subsidiaries, and how a broader mix of earnings sources supported the group’s performance.

Lazy bag

Mega Financial’s first-10-month after-tax profit reached NT$34.331 billion, up 12.80% year over year, with EPS of NT$2.31 and a record result for the same period. The bank remained the group’s main earnings pillar, supported by growth in lending, deposits, interest income, and wealth-management fees. Non-bank subsidiaries together earned NT$8.356 billion, up 68.21%, increasing their share of group profit from 16.47% to 23.73%. Securities delivered a standout gain, with cumulative profit up 131.42%, while bills and insurance also reported year-over-year growth. The results point to stronger contributions from multiple businesses alongside the bank’s stable core.

Main Body

Mega Financial said its unaudited after-tax profit for October was NT$1.483 billion. For the first 10 months, cumulative after-tax profit totaled NT$34.331 billion, a 12.80% increase from the same period a year earlier. EPS for the period was NT$2.31. The cumulative result was the highest recorded for the same period in the company’s history and kept Mega Financial at the top among state-owned financial holding companies by profit.

The company attributed its performance to two broad factors: stable growth in the banking business and more favorable capital-market activity. Its bank continued to provide a reliable earnings base, while securities and bills subsidiaries benefited from stronger market-related business. Taken together, non-bank subsidiaries generated NT$8.356 billion in after-tax profit during the first 10 months, up 68.21% year over year. Their contribution to group profit increased from 16.47% to 23.73%, indicating a larger role for businesses beyond banking.

The changing profit mix is an important feature of the reported results. Banking remained the largest individual source of earnings, but the stronger contribution from non-bank operations broadened the group’s sources of income. Such diversification can help a financial group draw on different business lines as market conditions and customer activity change. The figures provided by Mega Financial show growth across several subsidiaries, though the results for each business were not identical.

Mega Bank (兆豐銀行) reported October after-tax profit of NT$2.035 billion. Its cumulative pretax profit for the first 10 months reached NT$32.061 billion, setting a record for the same period. Cumulative after-tax profit was NT$26.853 billion, up 6.61% year over year. The bank remained the group’s main earnings pillar, supported by growth in its core operations.

Mega Financial said the bank’s deposit and lending businesses maintained double-digit growth in scale. That expansion helped lift net interest income by 16% compared with the same period last year. Interest income is a key component of traditional banking earnings, and the reported increase suggests that the bank’s lending and deposit activity made a substantial contribution to its cumulative result. The company did not provide additional breakdowns of the underlying interest-income figures in the announcement described here.

Wealth management also contributed to the bank’s recurring revenue. Mega Bank continued to develop services related to bonds, funds, and insurance, and net fee income for the first 10 months rose 22%. Fee income complements interest income by providing revenue from services and products rather than lending spreads alone. Together, the reported gains in net interest income and fees supported the bank’s steady earnings performance.

Mega Securities (兆豐證券) experienced a weaker October but a very strong cumulative period. The company reported an after-tax net loss of NT$0.666 billion for the month, which it linked to a pullback in Taiwan’s stock market. Nevertheless, active equity-market trading over the course of the year supported first-10-month after-tax profit of NT$4.367 billion. That result was up 131.42% year over year and set a record for the same period.

The company said higher overall trading volume in the Taiwan stock market helped increase both margin-financing balances and balances for loans without a specific designated use. For the first 10 months, Mega Securities’ brokerage fee income rose 103%, while interest income increased 51%. Gains in proprietary trading and underwriting also contributed to the subsidiary’s earnings. As a result, cumulative profit more than doubled from the year-earlier period, making securities the most dynamic growth contributor among the group’s non-bank businesses this year.

The October loss and the strong cumulative profit reflect different time frames and should be read together. A single month affected by a market retreat does not erase the performance accumulated across the preceding months; equally, the cumulative result does not mean that monthly earnings were uniformly strong. The company’s figures show how securities earnings can respond to trading activity and market movements, while also illustrating the scale of the subsidiary’s year-to-date gains.

Mega Bills Finance (兆豐票券) and Mega Insurance (兆豐產險) also reported year-over-year growth. Mega Bills Finance recorded October after-tax profit of NT$0.150 billion and cumulative first-10-month after-tax profit of NT$2.694 billion, an increase of 27.61%. Mega Insurance posted October after-tax profit of NT$0.040 billion and cumulative after-tax profit of NT$9 billion, up 14.23% from the same period a year earlier.

These results show that growth was not limited to the bank and securities company. Bills finance and insurance added to the group’s cumulative earnings, although their reported profit totals and growth rates differed. Together with the bank’s role as the largest profit contributor and the securities business’s rapid increase, these subsidiary results supported the group’s more diverse earnings structure.

Overall, Mega Financial’s first-10-month figures combine a record group profit with continued growth in its main banking business and a markedly larger contribution from non-bank subsidiaries. The bank supplied stable earnings through deposit and lending activity, interest income, and wealth-management fees. Securities benefited from market turnover and related income, while bills and insurance also recorded higher cumulative profit. The central takeaway is not simply the group’s record total, but the broader range of businesses contributing to it. The figures are unaudited, and the reported results describe performance through the first 10 months rather than a full-year outcome.

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