Far Eastern International Bank (2845) AI Stock Analysis

Far Eastern International Bank

(TWSE:2845)

Select Model

Rating:58Neutral

Price Target:TWD 13.00▲(3.17% Upside)

Action:initiatedcoverage

Date:11/09/26

Far Eastern International Bank earns a middling score. Financial fundamentals dominate the result: steady long-term revenue and earnings growth and a visibly strengthened capital base (equity +43%, leverage cut roughly in half) are offset by persistent margin compression, a modest and declining ~6% ROE, and highly erratic cash generation that turned negative in the latest year. Technicals are a drag, with the price below its 20-, 50- and 100-day averages and negative MACD, though oversold RSI and Stochastic readings suggest selling pressure may be stretched. Valuation provides the main support, with a reasonable 12.3x P/E and a 4.06% dividend yield that appeals to income-focused investors. Key items to watch are whether margin pressure stabilizes and whether operating cash flow returns to positive territory.

Positive Factors

Revenue GrowthPositive revenue growth indicates the bank continues to expand its business base and customer activity. If maintained, this provides a foundation for recurring interest and fee income, supports operating scale, and helps preserve earnings capacity over the coming quarters.

Negative Factors

Cash-Flow VolatilityThe sharp reversal to negative operating and free cash flow weakens confidence in the durability of cash generation. Continued volatility could constrain internally funded growth, reduce financial flexibility, and make reported earnings less dependable as a measure of available resources.

Far Eastern International Bank (2845) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 62.53B
Dividend Yield: 4.08%
Average Volume (3M): 10.67M
Price to Earnings (P/E): 12.4
Beta (1Y): 0.10
Revenue Growth: -13.12%
EPS Growth: 18.06%
Country: TW
Employees: 2,533
Sector: General
Sector Strength: 55
Industry: Banks - Regional

Far Eastern International Bank Business Overview & Revenue Model

Company Description

Far Eastern International Bank Ltd. (FEIB) serves both individual and corporate clients with a comprehensive suite of banking services. Its operational footprint extends across Taiwan, the wider Asia Pacific region, and internationally. For its indiv...

Far Eastern International Bank Financial Statement Overview

Summary

A mixed but reasonably sound profile. The income statement (66) shows multi-year growth, with revenue rising from about NT$15.5bn in 2020 to NT$26.1bn and net income from NT$2.52bn to NT$4.17bn, though margins have compressed sharply (gross margin from 78% to 48.6%, net margin from 21.8% to 16.0%) and the latest year saw revenue and profit edge lower. The balance sheet (64) is the relative strength: assets grew to NT$874bn, equity strengthened 43% to NT$69.8bn, and debt-to-equity fell to 0.49 from roughly 0.98, although ROE is modest at about 6% and total debt rose back to NT$34.1bn. Cash flow (41) is the clear weak spot, with operating cash flow swinging to -NT$6.88bn from +NT$15.56bn and free cash flow at -NT$7.24bn, repeating the volatility seen in 2022. Capital spending is light at about NT$364m, so free cash flow tracks operations closely, but the inconsistency weighs on earnings quality.

Income Statement

66Positive

Balance Sheet

64Positive

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.61B	26.14B	26.63B	24.22B	16.89B	13.60B
Gross Profit	14.02B	12.69B	12.71B	12.70B	11.63B	10.65B
EBITDA	6.00B	5.41B	5.62B	5.45B	4.92B	4.01B
Net Income	4.91B	4.17B	4.30B	4.17B	3.68B	2.94B
Balance Sheet
Total Assets	900.26B	873.71B	853.46B	792.50B	740.54B	723.05B
Cash, Cash Equivalents and Short-Term Investments	39.86B	44.37B	64.29B	47.87B	43.83B	50.89B
Total Debt	35.02B	34.09B	25.29B	52.15B	53.68B	47.98B
Total Liabilities	828.52B	803.86B	792.21B	733.63B	685.57B	673.35B
Stockholders Equity	71.74B	69.85B	61.25B	58.87B	54.97B	49.70B
Cash Flow
Free Cash Flow	-8.49B	-7.24B	15.19B	14.97B	-20.68B	6.49B
Operating Cash Flow	-8.16B	-6.88B	15.56B	15.65B	-18.60B	6.78B
Investing Cash Flow	7.89B	-31.93B	-647.73M	-2.37B	-2.45B	381.78M
Financing Cash Flow	16.60B	28.92B	-684.43M	-8.87B	6.24B	-3.55B

Far Eastern International Bank Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2845 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2849	63Neutral	TWD 28.48B	14.95	―	3.46%	9.63%	40.11%
TW:6005	63Neutral	TWD 66.78B	5.70	―	1.45%	80.75%	158.29%
TW:2838	59Neutral	TWD 88.70B	14.20	―	2.35%	-6.39%	27.60%
TW:2845	58Neutral	TWD 61.30B	12.45	―	4.08%	-13.12%	18.06%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2889	55Neutral	TWD 57.76B	13.10	―	3.13%	65.79%	174.93%
TW:2897	52Neutral	TWD 28.84B	12.26	―	5.05%	―	20.11%

* General Sector Average

Performance Comparison

TW:2845 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2845	Far Eastern International Bank	12.60	0.52	4.33%
TW:2838	Union Bank of Taiwan	19.60	2.04	11.59%
TW:2849	Entie Commercial Bank	14.75	2.01	15.78%
TW:2889	IBF Financial Holdings Co., Ltd.	15.95	0.68	4.49%
TW:2897	O-Bank Co. Ltd.	10.30	1.62	18.70%
TW:6005	Capital Securities Corp.	27.60	6.02	27.90%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Far Eastern International Bank AI Stock Analysis