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← CockpitCompetitor Analysis › 2834.TW Taiwan Business Bank, Ltd.Open in the cockpit ↗

Taiwan Business Bank, Ltd.2834.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Financials›Regional Banks

Taiwanese bank focused on lending to small and medium-sized enterprises.

≈ A small-business-focused Taiwanese regional bankMomentum leader 82
Mkt cap
$5.46B
US dollars, full cap
Free float
76%
of shares outstanding
$/day
$12.1M
20-day average traded
P/B
1.23×
price to book
ROE
9.2%
delivered
Implied ROE
4.5%
what the price asks
Next earnings
130 days
16 Mar 2027
Close · TWDNT$17.35
1D-0.9%
1W-3.9%
1M+0.3%
3M+2.7%
6M+7.4%
YTD+8.4%
1Y+13.0%
ATR %2.0%
52w lowhigh7.7% off high

What Taiwan Business Bank does

Taiwanese bank focused on lending to small and medium-sized enterprises.

In one line: A small-business-focused Taiwanese regional bank.

Products and services

  • SME loans
  • Retail deposits
  • Trade finance

Customers

  • Small and medium enterprises
  • Retail depositors

Where it sits in the supply chain

  • Financial services
  • Commercial banking
  • SME lending

What could go right

  • SME loan demand growth

What could go wrong

  • SME credit/loan loss risk

Moat: narrow (regulatory licence, distribution). Established branch network and SME lending relationships across Taiwan.

Headquarters: Taipei, Taiwan · Founded: 1976 · Employees: 5,870

Named competitors

Taiwan Business Bank at a glance

Size Taiwan Business Bank (2834.TW) is a Taiwan Financials company (Regional Banks) with a market value of $5.46B, the 84th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$17.35 on 6 Nov 2026.

Performance Over six months the shares gained 7.4%, against +4.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue fell 16.2% over the last twelve months (peer median +5.4%).

Valuation It trades at 1.23× book value against a peer median of 1.27× (10th cheapest of 21).

Price implies The share price implies a return on equity of about 4.5%; Taiwan Business Bank delivers 9.2%, so the price asks less than the business earns today.

Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).

Relative performance

10011011 May 202611 Aug 20266 Nov 20262834.TW 107Peer median 106
Six months, rebased to 100: Taiwan Business Bank against the median of its 20 peers (local-currency closes).

Taiwan Business Bank financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$60.4BNT$73.2BNT$72.0BNT$60.9BNT$42.1B
Revenue growth—+2%+18%+45%—
Net incomeNT$13.9BNT$12.2BNT$11.2BNT$10.6BNT$10.1B
Free cash flown/aNT$18.5BNT$8.95BNT$15.5BNT$8.99B
Capital expendituren/aNT$1.02BNT$1.46BNT$927MNT$2.83B
Total debtn/aNT$269BNT$309BNT$231BNT$261B

Quarterly statements and history in the cockpit →

Taiwan Business Bank competitor charts

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.

Performance: 6-month against 1-month return

-10%0%+10%+20%-20%0%ABCBAUBOZKIFSGGAL58308377EBCHWC8334BEKNHOMB6016656015773866NOBAGBCI5838002966RILBA2834.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Taiwan Business Bank is the large dot.

Fundamentals: return on equity against price-to-book

10%15%20%10×20×ABCBAUBOZKIFSGGAL58308377EBC8334BEKNHOMB6016656015773866NOBAGBCI5838002966RILBA2834.TWReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Taiwan Business Bank is the large dot.

Capital: ROE delivered against the ROE the price implies

5%10%15%20%10%20%ABCBAUBOZKIFSGGAL58308377HWCHOMB6016656015773866NOBA5838RILBA2834.TWROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Taiwan Business Bank is the large dot.

Taiwan Business Bank competitors and peer comparison

Head to head with its named competitors (2834.TW vs 5876.TW vs 2891.TW vs 2886.TW)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Taiwan Business Bank 2834.TW$5.46B+7%-16%9%1.23×4.5%
Shanghai Commercial & Savings Bank 5876.TW$7.56B+34%-17%9%1.17×4.0%
Ctbc Financial 2891.TW$43.7B+37%+9%15%2.06×8.9%
Mega Financial 2886.TW$24.0B+37%+1%10%1.97×5.9%
First Financial 2892.TW$17.8B+44%+5%11%1.95×5.8%
Chang Hwa Commercial Bank 2801.TW$10.2B+34%+3%9%1.46×4.7%
Hua Nan Financial 2880.TW$20.8B+50%-37%14%2.85×7.9%
Taiwan Cooperative Financial Hl 5880.TW$13.6B+22%-3%9%1.55×4.8%

How Taiwan Business Bank compares with its peers

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.

Taiwan Business Bank against its 20 peers (data as of 6 Nov 2026)
Measure2834.TWPeer medianRank in peer set
1-month return+0.3%+2.2%9th lowest of 21
6-month return+7.4%+4.4%9th highest of 21
Return on equity9.2%10.8%5th lowest of 21
Price / book1.23×1.27×10th cheapest of 21
ROE the price implies4.5%8.9%4th least demanding of 20
ROE delivered9.2%10.8%5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Taiwan Business Bank 2834.TWTaiwan$5.46B+7%-16%9%1.23×4.5%9.2%
Ameris Bancorp ABCBUnited States$5.49B-5%+3%9%1.33×12.1%9.5%
Atlantic Union Bankshares AUBUnited States$5.51B+4%+21%11%1.09×9.5%10.7%
Bank OZK OZKUnited States$5.53B+4%0%11%0.93×8.9%11.3%
Intercorp Financial Services IFSUnited States$5.38B+4%+9%17%1.36×10.5%17.4%
Grupo Financiero Galicia SA Sponsored ADR GGALUnited States$5.36B-30%+3%2%0.76×9.6%2.0%
Iyogin Holdings,Inc 5830.TJapan$5.61B-3%+13%8%0.91×8.2%7.8%
Hokuhoku Financial 8377.TJapan$5.25B+53%+27%10%1.10×7.7%9.7%
Eastern Bankshares EBCUnited States$5.22B+14%+61%10%1.23×9.6%9.5%
Hancock Whitney HWCUnited States$5.73B+4%-1%9%1.34×12.2%9.4%
Gunma Bank 8334.TJapan$5.78B+11%+22%10%1.43×7.8%10.3%
Berner Kantonalbank BEKN.SWSwitzerland$5.07B+17%-4%7%1.34×n/a6.6%
Home BancShares HOMBUnited States$5.97B+12%+2%11%1.31×10.2%11.1%
Qilu Bank 601665.SSChina$6.02B+2%+1%12%0.75×3.2%12.2%
Bank of Changsha 601577.SSChina$6.03B0%-9%11%0.52×2.8%11.1%
Bank of Qingdao 3866.HKHong Kong$4.84B+6%+12%14%0.57×6.1%13.8%
Noba Bank NOBA.STSweden$4.81B+20%+6%17%1.82×6.9%17.0%
Glacier Bancorp GBCIUnited States$6.27B-1%+21%9%1.45×11.2%8.8%
Rakuten Bank 5838.TJapan$6.36B-9%+38%22%2.55×8.1%21.5%
Bank of Suzhou 002966.SZChina$6.41B+12%+5%11%0.79×2.8%10.9%
Ringkjobing Landbobank A/S RILBA.CODenmark$6.44B+16%+2%20%3.58×10.2%20.5%

Questions

Who are Taiwan Business Bank's main competitors?
Named competitors: Shanghai Commercial & Savings Bank (5876.TW), CTBC Bank (2891.TW), Mega Financial Holding (2886.TW), First Financial Holding (2892.TW), Chang Hwa Commercial Bank (2801.TW), Hua Nan Financial Holdings (2880.TW). The cockpit's measured peer set (industry) also includes Ameris Bancorp (ABCB), Atlantic Union Bankshares (AUB), Bank OZK (OZK), Intercorp Financial Services (IFS), Grupo Financiero Galicia SA Sponsored ADR (GGAL), Iyogin Holdings,Inc (5830.T).
Is Taiwan Business Bank expensive compared with its peers?
On price / book it trades at 1.23× against a peer median of 1.27×, 10th cheapest of 21 in its peer set. The share price implies a return on equity of about 4.5%; Taiwan Business Bank delivers 9.2%, so the price asks less than the business earns today.
How has Taiwan Business Bank stock performed?
Over six months to 6 Nov 2026 the shares returned +7.4% against +4.4% for the median peer; over one year +13.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.