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Taiwan financial holding around Hua Nan Bank, a large state-linked commercial bank serving retail and corporate customers.
Taiwan financial holding around Hua Nan Bank, a large state-linked commercial bank serving retail and corporate customers.
Earns mainly from the gap between what it pays depositors and charges borrowers at Hua Nan Bank, with fee income from wealth management and a smaller securities brokerage on the side.
In one line: A state-linked Taiwan commercial bank.
Moat: narrow (scale, distribution, regulatory licence). Long-established, state-linked branch network anchors a stable deposit and lending franchise.
Headquarters: Taipei, Taiwan · Founded: 2001
Size Hua Nan Financial (2880.TW) is a Taiwan Financials company (Regional Banks) with a market value of $20.8B, the 28th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$48.95 on 6 Nov 2026.
Performance Over six months the shares gained 49.9%, against +11.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 37.2% over the last twelve months (peer median +2.4%); the operating margin is 71.2% (peer median 41.6%).
Valuation It trades at 2.85× book value against a peer median of 1.56× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 7.9%; Hua Nan Financial delivers 14.1%, so the price asks less than the business earns today.
Next results Next results expected around 30 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$121B | NT$152B | NT$144B | NT$150B | NT$80.4B |
| Revenue growth | — | +6% | -4% | +87% | — |
| Net income | NT$32.1B | NT$26.4B | NT$23.1B | NT$21.6B | NT$17.3B |
| Free cash flow | -NT$16.4B | NT$27.6B | NT$20.1B | NT$18.3B | NT$40.0B |
| Capital expenditure | NT$1.61B | NT$2.01B | NT$2.11B | NT$2.99B | NT$2.16B |
| Total debt | NT$530B | NT$480B | NT$450B | NT$422B | NT$347B |
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 |
|---|---|---|---|---|---|---|
| Hua Nan Financial 2880.TW | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% |
| First Financial 2892.TW | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% |
| Taiwan Cooperative Financial Hl 5880.TW | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% |
| Chang Hwa Commercial Bank 2801.TW | $10.2B | +34% | +3% | 9% | 1.46× | 4.7% |
| Mega Financial 2886.TW | $24.0B | +37% | +1% | 10% | 1.97× | 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 | 2880.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.8% | +1.3% | 2nd highest of 21 |
| 6-month return | +49.9% | +11.1% | highest of 21 |
| Return on equity | 14.1% | 13.1% | 9th highest of 21 |
| Price / book | 2.85× | 1.56× | 4th most expensive of 21 |
| Trailing P/E | 21.5× | 12.2× | 3rd most expensive of 21 |
| ROE the price implies | 7.9% | 9.3% | 9th least demanding of 20 |
| ROE delivered | 14.1% | 13.1% | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Banque Cantonale Vaudoise BCVN.SW | Switzerland | $14.4B | +20% | -8% | 12% | 3.07× | n/a | 11.6% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Taiwan Cooperative Financial Hl 5880.TW | Taiwan | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% | 8.9% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |