Fubon Financial Holding Second Quarter 2024 Earnings: Revenues Miss Expectations

Simply Wall St · 09/01 02:26

Fubon Financial Holding (TWSE:2881) Second Quarter 2024 Results

Key Financial Results

  • Revenue: NT$192.6b (up 18% from 2Q 2023).
  • Net income: NT$50.9b (up 100% from 2Q 2023).
  • Profit margin: 26% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue.
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TWSE:2881 Earnings and Revenue Growth September 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fubon Financial Holding Revenues Disappoint

Revenue missed analyst estimates by 15%.

Looking ahead, revenue is expected to decline by 41% p.a. on average during the next 3 years, while revenues in the Insurance industry in Asia are expected to grow by 1.9%.

Performance of the market in Taiwan.

The company's shares are up 3.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Fubon Financial Holding (1 is a bit concerning!) that we have uncovered.