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Regional Taiwanese bank offering retail and commercial banking services centered on the Taichung area.
Regional Taiwanese bank offering retail and commercial banking services centered on the Taichung area.
Earns most from the gap between what it pays depositors and charges borrowers, with loans to small and mid-sized firms and households the main assets, plus fees from wealth products. Its branches are concentrated around Taichung and central Taiwan, so local relationships are its key source of business.
In one line: A Taiwanese regional community bank.
Moat: narrow (regulatory licence, deposits, distribution). Established local branch network and deposit franchise in central Taiwan.
Headquarters: Taichung, Taiwan · Founded: 1953
Size Taichung Commercial Bank (2812.TW) is a Taiwan Financials company (Regional Banks) with a market value of $3.38B, the 113th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$17.40 on 6 Nov 2026.
Performance Over six months the shares fell 12.1%, against +2.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 12.6% over the last twelve months (peer median +13.2%); the operating margin is 64.5% (peer median 36.6%).
Valuation It trades at 1.16× book value against a peer median of 1.10× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 3.9%; Taichung Commercial Bank delivers 11.2%, so the price asks less than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$32.7B | NT$37.2B | NT$29.4B | NT$28.7B | NT$20.3B |
| Revenue growth | — | +27% | +2% | +41% | — |
| Net income | NT$10.1B | NT$9.06B | NT$8.29B | NT$6.82B | NT$5.34B |
| Free cash flow | NT$13.7B | NT$12.7B | -NT$3.69B | -NT$161M | -NT$213M |
| Capital expenditure | -NT$770M | NT$2.87B | NT$1.30B | NT$2.11B | NT$3.19B |
| Total debt | NT$68.5B | NT$64.4B | NT$69.1B | NT$55.1B | NT$41.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Taichung Commercial Bank 2812.TW | $3.38B | -12% | -13% | 11% | 1.16× | 3.9% |
| Union Bank of Taiwan 2838.TW | $2.75B | +2% | -9% | 8% | 1.06× | 3.7% |
| Hua Nan Financial 2880.TW | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% |
| Ts Financial 2887.TW | $29.2B | +62% | +200% | 15% | 1.38× | 5.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2812.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | +1.7% | 5th lowest of 21 |
| 6-month return | -12.1% | +2.8% | 3rd lowest of 21 |
| Return on equity | 11.2% | 8.8% | 6th highest of 21 |
| Price / book | 1.16× | 1.10× | 10th most expensive of 21 |
| Trailing P/E | 11.0× | 11.6× | 5th cheapest of 19 |
| ROE the price implies | 3.9% | 9.0% | 3rd least demanding of 20 |
| ROE delivered | 11.2% | 9.2% | 6th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Taichung Commercial Bank 2812.TW | Taiwan | $3.38B | -12% | -13% | 11% | 1.16× | 3.9% | 11.2% |
| TowneBank TOWN | United States | $3.36B | +4% | +36% | 13% | 1.08× | 9.0% | 12.9% |
| Mechanics Bancorp MCHB | United States | $3.41B | -1% | +131% | 10% | 1.33× | 14.8% | 10.2% |
| First Financial Bancorp FFBC | United States | $3.43B | +6% | +13% | 11% | 1.19× | 10.9% | 10.7% |
| Nishi-Nippon Financial 7189.T | Japan | $3.47B | +3% | +28% | 8% | 0.88× | 6.9% | 7.8% |
| Jiangsu Changshu Rural Commercial Bank 601128.SS | China | $3.48B | -4% | -1% | 14% | 0.67× | 2.5% | 13.8% |
| First Interstate BancSystem FIBK | United States | $3.50B | +4% | -4% | 10% | 1.12× | 9.0% | 9.5% |
| Seacoast Banking Corporation of Florida SBCF | United States | $3.24B | +8% | +29% | 7% | 1.25× | 10.9% | 6.8% |
| Yamaguchi Financial 8418.T | Japan | $3.54B | +6% | +19% | 6% | 0.84× | 5.8% | 5.7% |
| Renasant RNST | United States | $3.55B | -2% | +20% | 9% | 0.93× | 9.5% | 8.7% |
| Bank of Guiyang 601997.SS | China | $3.20B | -3% | -5% | 7% | 0.32× | 2.0% | 6.9% |
| Twenty One Capital XXI | United States | $3.57B | -36% | n/a | -12% | 1.38× | 7.6% | n/a |
| UCO Bank UCOBANK.NS | India | $3.17B | -13% | +1% | 9% | 0.86× | 13.6% | n/a |
| Walliser Kantonalbank WKBN.SW | Switzerland | $3.15B | +4% | -12% | 5% | 1.50× | n/a | 5.3% |
| WesBanco WSBC | United States | $3.70B | +13% | +17% | 9% | 0.96× | 8.2% | 8.8% |
| First Hawaiian FHB | United States | $3.04B | -9% | +1% | 10% | 1.08× | 9.3% | 9.9% |
| Chugin Financial Group,Inc 5832.T | Japan | $3.76B | +10% | +34% | 8% | 0.86× | 6.5% | 8.3% |
| Cembra Money Bank CMBN.SW | Switzerland | $3.03B | -9% | -3% | 15% | 1.93× | 4.1% | 14.7% |
| EQB EQB.TO | Canada | $3.79B | +3% | -4% | 0% | 1.44× | 12.8% | -0.1% |
| Karur Vysya Bank KARURVYSYA.NS | India | $3.80B | +18% | +14% | 21% | 2.32× | 30.7% | 21.0% |
| BancFirst BANF | United States | $3.87B | +2% | -3% | 14% | 1.94× | 12.7% | 13.6% |