Mega Financial Holdings 1Q26 Results Briefing Takeaways

Mega Financial Holdings reported a 17% yoy increase in 1Q26 profit, leading to an upgraded loan growth forecast. However, Goldman Sachs maintains a Sell rating with a target price of NT$35.5 due to higher banking OPEX and valuation concerns.

Key Takeaways

• 1.Mega FHC reported a 1Q26 net profit of NT$9.4bn, a 17% year-over-year increase, driven largely by non-bank subsidiaries like the securities business.
• 2.Management upgraded FY26 loan growth guidance to double-digit from high-single-digit, supported by corporate demand.
• 3.Net Interest Margin (NIM) improved 8bps quarter-over-quarter to 0.95%, primarily due to expansion in Foreign Currency NIM.

Table of Contents

• Price Target Risks and Methodology - Mega Financial Holdings
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Company-specific regulatory disclosures
• Distribution of ratings/investment banking relationships
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures

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