The Shanghai Commercial & Savings Bank (5876) Q1 2026 earnings summary

Executive summary

• Net income rose 9.52% year-over-year to NTD 5,109mn standalone and 10.73% to NTD 6,523mn consolidated in Q1 2026, with EPS increasing to NTD 1.05.

• Total assets reached NT$2,489 billion as of March 31, 2026.

• Pretax ROA and ROE improved to 1.44% and 11.23% respectively, both up from Q1 2025.

• Recognized for sustainability, winning multiple awards and maintaining high ESG ratings.

• Financial statements received an unqualified review from PwC, confirming compliance with Taiwan's regulatory and IFRS standards.

Financial highlights

• Net revenue grew 8.64% year-over-year standalone, but declined 0.75% consolidated.

• Net interest income was NT$9,110 million, down from NT$9,576 million year-over-year; non-interest income increased to NT$4,597 million.

• Pretax profit increased 10.74% standalone and 11.19% consolidated year-over-year.

• Asset quality: NPL ratio rose to 0.53% from 0.32% year-over-year; coverage ratio declined to 247.32% from 410.99%.

• Provisions for bad debt and guarantee liabilities decreased to NT$721 million from NT$1,508 million year-over-year.

Outlook and guidance

• 2026 targets include 15% growth in green investment and green loans, 10% increase in ESG-related lending, and 5% growth in digital transactions.

• Plans to maintain high sustainability standards, reduce customer complaints by 12%, and achieve zero regulatory fines.

• The Group continues to monitor the impact of new IFRS standards and regulatory changes, with ongoing assessment of potential effects on financial position and performance.