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2897

王道銀行 Finance & Insurance As of 2026-06-17 Updated daily after market close

strong quality, fair valuation.

3 active signals
252d high Revenue ≥20% Foreign buy
This page refreshes daily after the close. Add 王道銀行 to your watchlist to track signal changes on your next visit.
Valuation 82Quality 72Growth 80Momentum 58Chips 99

Is 王道銀行 a buy? Fundamentals and valuation first

  • Top-tier profitability.Operating margin beats ~94% of the market. Latest quarterly ROE ≈ 1.9%.

  • Valuation is neutral.PE is in the 28th market percentile; within its own history, PE is around the 58th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 29.1% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 39.9%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as 252-day price high, Revenue YoY ≥ 20%, Foreign net buying 5 straight days are active — see the historical forward returns after each occurrence below.

Chip flow

Bullish +0.91
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 台灣摩根士丹利 holds 25,210 lots
  • sellers have 6,833 lots left, ~36 sessions to clear

Window from 2026-01-17 · Price +16% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 台灣摩根士丹利 has accumulated 25,210 lots since the start (sold 0%), still adding.
  • Main distributor 美林 peaked at 4,796 lots, has sold 33%, 3,220 left, ~36 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +3.58pp, mid holders -42, retail -2.74pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -1,794 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Branch inventory reconstruction
Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.
Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.
Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.
Accumulating
台灣摩根士丹利美商高盛摩根大通元富-新興台新-高雄新加坡商瑞銀
Distributing
美林港商野村兆豐-城中台新證券兆豐-嘉義富邦-敦南
Desks
own scale
華南永昌-東昇凱基彰銀-七賢群益金鼎-大甲
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 台灣摩根士丹利 +25,210
    sold 0%· still adding
  • 美商高盛 +19,868
    sold 0%· still adding
  • 摩根大通 +16,212
    sold 0%· still adding
  • 元富-新興 +15,945
    sold 0%
  • 台新-高雄 +12,489
    sold 0%
  • 新加坡商瑞銀 +9,197
    sold 1%· still adding

Distributing

  • 美林 3,220 left
    sold 33%· ~36 sessions to clear
  • 港商野村 1,573 left
    sold 61%· ~8 sessions to clear
  • 兆豐-城中 890 left
    sold 32%· ~21 sessions to clear
  • 台新證券 173 left
    sold 84%· paused recently
  • 兆豐-嘉義 376 left
    sold 62%· paused recently
  • 富邦-敦南 213 left
    sold 58%· ~7 sessions to clear

Desks

  • 華南永昌-東昇 -7,711
    unclassified
  • 凱基 -6,613
    unclassified
  • 彰銀-七賢 -4,049
    unclassified
  • 群益金鼎-大甲 -3,484
    unclassified
Still selling 6,833 lots ~36 sessions to bottom at most
Recent buy/sell force +35,500 absorbed / -4,270 sold buyers slightly ahead
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

Direction matches: big-holder share rose while retail share fell.

Describes chip flow, not investment advice. Branch data discloses only high-volume branches with ~1-day lag; TDCC is weekly. Inventory is a relative reconstruction from the window start, not absolute holdings.

Historical evidence

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

252-day price high (breakout)

Active

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

13 historical occurrences (since 2019-05-30)
Average forward return after 252-day price high (breakout)。20-day: Win 33.3%, Sample 12, Median -0.98%, Excess -0.37%, Beat mkt rate 50%；60-day: Win 33.3%, Sample 12, Median -0.97%, Excess -5%, Beat mkt rate 33.3%；120-day: Win 36.4%, Sample 11, Median -2.95%, Excess -5.75%, Beat mkt rate 36.4%

120 days after: historical avg -0.17%

20-day -1.19%
60-day -0.81%
120-day -0.17%
20-day
60-day
120-day
Win
33.3%
33.3%
36.4%
Sample
12
12
11
Median
-0.98%
-0.97%
-2.95%
Excess
-0.37%
-5%
-5.75%
Beat mkt rate
50%
33.3%
36.4%

Over 11 occurrences, 120-day forward avg declined 0.17%, lagged the market by 5.75 pts; win rate 36.4%.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 39.86%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

36 historical occurrences (since 2017-05-05)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 69.6%, Sample 23, Median +0.99%, Excess -0.46%, Beat mkt rate 47.8%；60-day: Win 76.2%, Sample 21, Median +2.04%, Excess -3.55%, Beat mkt rate 23.8%；120-day: Win 80%, Sample 20, Median +5.89%, Excess -5.88%, Beat mkt rate 35%

120 days after: historical avg +7.3%

20-day +2.19%
60-day +3.36%
120-day +7.3%
20-day
60-day
120-day
Win
69.6%
76.2%
80%
Sample
23
21
20
Median
+0.99%
+2.04%
+5.89%
Excess
-0.46%
-3.55%
-5.88%
Beat mkt rate
47.8%
23.8%
35%

Over 20 occurrences, 120-day forward avg gained 7.3%, lagged the market by 5.88 pts; win rate 80%.

Foreign net buying for 5 straight days

Active · now 13%

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

46 historical occurrences (since 2017-06-20)
Average forward return after Foreign net buying for 5 straight days。20-day: Win 48.9%, Sample 45, Median -0.22%, Excess -0.45%, Beat mkt rate 44.4%；60-day: Win 51.2%, Sample 43, Median +0.55%, Excess -1.72%, Beat mkt rate 39.5%；120-day: Win 61.9%, Sample 42, Median +0.91%, Excess -5.01%, Beat mkt rate 35.7%

120 days after: historical avg +3.35%

20-day +0.14%
60-day +2.24%
120-day +3.35%
20-day
60-day
120-day
Win
48.9%
51.2%
61.9%
Sample
45
43
42
Median
-0.22%
+0.55%
+0.91%
Excess
-0.45%
-1.72%
-5.01%
Beat mkt rate
44.4%
39.5%
35.7%

Over 42 occurrences, 120-day forward avg gained 3.35%, lagged the market by 5.01 pts; win rate 61.9%.

Valuation regime and subsequent returns

Each day's PE is converted to its own-history percentile (as of that day), then we look at adjusted-close returns over the next 240 trading days by valuation regime.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 799+10.3% +9.2% 81.9% -10.6%
20-40 186+3.8% +2.9% 57.5% -16.3%
40-60 You are here124+29% +25.8% 94.4% +9.7%
60-80 70+16.9% +15.9% 100% -13.6%
80-100 48+3.2% +3.2% 100% -47.4%

Percentiles use an expanding own-history window (no look-ahead); forward return is 240 trading days on adjusted close. Sample days overlap; distribution is indicative only.

Current PE ≈ 15.51, at the 57.8th percentile of its own history (40-60 band).

Valuation × momentum historical grid

Every day in its own history is bucketed by valuation tercile (own-history PE) and 60-day momentum sign into six cells; we show adjusted-close returns over the next 120 trading days per cell.

Valuation
Momentum
Cheap (own-history bottom 1/3)
Mid
Expensive (own-history top 1/3)
60-day momentum up
+5.7%
Win rate 64.5% Excess -3.5%
677d
Now
+6.4%
Win rate 87.7% Excess -6%
114d
-1.9%
Win rate 23.1% Excess -27.6%
65d
60-day momentum down
+6%
Win rate 68.5% Excess -6.5%
400d
+7.9%
Win rate 100% Excess -21.6%
79d
Insufficient data
(12d)

Currently in “Mid × 60-day momentum up”: across 114 historical days, 120-day forward avg gained 6.4%, win rate 87.7%, lagged the market by 6%.

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

What does 王道銀行 do? Company profile

金融保險業／銀行業 臺灣證券交易所上市

Overview

2897 為王道商業銀行股份有限公司普通股，簡稱王道銀行，於臺灣證券交易所上市，非 ETF、ETN、權證或特別股。王道銀行前身為臺灣工業銀行，成立日期為 1999 年 7 月 27 日，2017 年 1 月改制為商業銀行並更名為王道商業銀行，2017 年 5 月 5 日上市。總部位於臺北市內湖區堤頂大道二段 99 號。董事長為駱怡君，總經理為李芳遠。依 2026 年 6 月可查公開資料，實收資本額約新臺幣 305.54 億元；2025 年報列示截至 2025 年底非主管職全時員工 1,006 人，此數未包含海外分支機構員工，其他公開股市資料顯示集團或銀行及子公司員工約 1,500 人以上，口徑不同。2025 年報列示 2026 年 4 月 14 日主要股東包含明山投資 12.64%、怡昌投資 9.11%、台軒投資 9.01%、亨通機械 4.74%、中國鋼鐵 3.40%、台雅投資 2.94%、三和塑膠 1.99%、辰宇開發 1.71%、鄭重明 1.70%、大台北瓦斯 1.59%、其後尚有奇異投資、台泥、明棋企業、仁和投資、卓成投資等。集團關係企業包括 IBT Holdings Corp.、台灣工銀科技顧問、陽信?（年報列 Infinite Finance）、中華票券、台灣行動支付、北京陽光消費金融、台灣工銀柒創投等；其中王道銀行持有中華票券約 28.37%、日盛台駿／Infinite Finance 約 41.64%、北京陽光消費金融 20%。2025 年合併總資產約新臺幣 7,013 億元，合併淨收益 99.66 億元，合併稅後淨利 31.49 億元；個體總資產約 4,165 億元，個體稅後淨利 18.31 億元，EPS 0.61 元。2026 年股東會普通股現金股利每股 0.52 元，創上市以來新高。

Business

王道銀行是以數位金融與企業金融為特色的商業銀行。主要業務包括收受存款、金融債券、放款、貼現及承兌、國內外匯兌及保證、信用狀、代收付款、證券投資與承銷、債券自行買賣、應收帳款承購、財務顧問、財富管理、人身及財產保險代理、簽帳金融卡、外匯存款與外幣貸款、信託、衍生性金融商品及主管機關核准業務。年報將核心業務分為企業金融、個人金融、信託、投資業務與權益法投資。2025 年個體淨收益 66.90 億元，按收益科目看，利息淨收益 31.35 億元占 47%，手續費淨收益 8.86 億元占 13%，透過損益按公允價值衡量金融資產及負債損益 3.13 億元占 5%，出售透過其他綜合損益金融資產利益 3.73 億元占 5%，匯兌淨利益 14.86 億元占 22%，權益法投資收益 3.89 億元占 6%，其他利息以外淨收益約 1.06 億元占 2%。按業務別看，2025 年企業金融服務收入 44.18 億元占 66%，消費金融 10.09 億元占 15%，財務管理 1.08 億元占 2%，股債投資 2.50 億元占 4%，其他投資 9.68 億元占 14%，信託業務約 0.14 億元，權益法及其他為負 0.77 億元。2025 年主要資產與負債結構中，企業金融放款約 1,896.76 億元、個人金融放款約 464.10 億元、企業存款約 2,290.90 億元、個人存款約 855.19 億元、投資約 1,128.59 億元、權益法投資約 232.05 億元。商業模式上，企業金融以聯貸、專案融資、貿易融資、現金管理、外匯與金融商品為核心，個人金融則以數位帳戶、存款、房貸、消費貸款、支付、保險與財富管理切入；銀行並透過中華票券、美國華信銀行、日盛台駿／Infinite Finance、創投與海外據點拓展票券、租賃、消費金融、美國華人金融、香港與亞太企業金融等場景。公司未公開揭露具名主要客戶，年報只揭露授信曝險產業分布：2025 年扣除定存單全額擔保後，金融保險業約 24.80%、個人約 24.41%、不動產業約 20.04%、製造業約 12.32%、批發零售約 5.47%，其餘為電力燃氣、營造、資通訊、住宿餐飲等。

Outlook 2025–2028

2025 年已知營運結果顯示，王道銀行核心本業持續調整結構：一方面因美國關稅、匯率波動及中國經濟影響，採較審慎授信策略，租賃轉投資收益下滑拖累獲利；另一方面，存款結構改善使淨利息收入年增逾 36%，零售存款年底突破新臺幣 1,000 億元、年增逾 40%，存放比改善至 75%，房貸與消費貸款餘額年增約 17%。2026 年公司明確策略為：提高數位與零售存款占比、優化資產負債結構、推展輕資本業務如 TMU、應收帳款、信託與財富管理、申請財管 2.0 與高雄亞灣專區、優化行動銀行與數位平台、建立數位發展委員會、推動 24 小時數位貸款、導入 AI Agent 改善流程效率、關注 Web3 與虛擬資產趨勢、加速雪梨代表處升格分行、以新加坡戰略平台開拓東南亞市場，並透過美國華信銀行服務赴美投資客戶。2026 年第一季法說資料顯示，受惠銀行本業及轉投資獲利挹注，個體稅後淨利約 7.66 億元、年增 42.7%；利息淨收益因存款結構改善年增約 11%，手續費淨收益因放款手續費增加年增約 11%，權益法認列淨收益因華票獲利增加及去年同期日盛台駿虧損基期影響年增約 128%。2027 至 2028 年公司尚未提供具體量化財測；依其公開策略推估，成長動能將集中在數位存款基盤、個人金融、財富管理、TMU／信託／應收帳款等低資本耗用收入、海外分行與東南亞平台、美國華信銀行客群，以及永續金融與 ESG 相關融資。主要風險包括利率循環轉向壓縮利差、金融商品與債券評價波動、臺灣房市與企業授信資產品質、香港或中國相關曝險、租賃轉投資收益波動、銀行業資本與流動性監理、數位金融資安與個資風險、純網銀與大型金控銀行競爭、財富管理與衍生商品銷售適合度風險。整體判斷：2025 是獲利受轉投資拖累但本業結構改善的一年；2026 之後若能維持低成本零售存款成長、提升手續費與輕資本收入占比，ROE 與資本效率有改善空間，但 2027 至 2028 的具體獲利幅度仍需視利率、信用成本、租賃轉投資與海外布局執行而定。

Supply Chain

Upstream
  • 存款戶與金融市場資金提供者 銀行主要資金來源為企業與個人存款、同業及資本市場資金；此為客群與市場類別，非單一掛牌公司。
  • 財金資訊股份有限公司 臺灣金融支付與跨行清算基礎設施供應者，王道銀行電子支付、跨行交易與支付服務依賴此類金融基礎設施；未上市。
  • 台灣票據交換所 提供 ACH／eACH 等收付款與交換清算服務，王道銀行年報提及企業收付款與 eACH 服務；未上市。
  • 財團法人金融聯合徵信中心 提供授信徵信與信用資料查詢基礎設施，支援個人及企業授信風控；非上市櫃公司。
  • 中國信託商業銀行股份有限公司 擔任王道銀行股務代理機構；中國信託商業銀行本身非單獨上市，其母公司中信金控為上市公司 2891。
  • 勤業眾信聯合會計師事務所 財務報告簽證會計師事務所；非上市櫃公司。
Downstream
  • 企業金融客戶 王道銀行主要下游客群之一，涵蓋聯貸、專案融資、貿易融資、外匯、現金管理與金融商品；公司未揭露具名主要客戶。
  • 個人金融與數位銀行客戶 下游客群之一，使用數位帳戶、存款、房貸、消費貸款、支付、保險與財富管理服務；非單一公司。
  • 中華票券金融股份有限公司 2820 王道銀行持股約 28.37% 的重要轉投資與集團金融服務平台，提供票券金融與證券相關業務，對集團獲利有重大貢獻。
  • 日盛台駿國際租賃股份有限公司／Infinite Finance Co., Ltd. 6958 王道銀行持股約 41.64% 的租賃與分期金融轉投資，提供車輛、設備、企業與綠能相關融資；2025 年受中國經濟與租賃事業因素影響轉投資收益。
  • 美國華信商業銀行 EverTrust Bank 由 IBT Holdings 持有的美國銀行子公司，服務美國華人與赴美投資客戶；美國當地銀行，非台股掛牌。
  • 北京陽光消費金融股份有限公司 王道銀行持股 20% 的中國消費金融轉投資，屬海外消費金融布局；非台股掛牌。

Competitors

  • 臺灣中小企業銀行 2834 同屬臺灣上市銀行，企業金融與中小企業授信客群重疊。
  • 遠東國際商業銀行 2845 臺灣上市商業銀行，企業金融、個金、財富管理與數位金融均與王道銀行競爭。
  • 台中商業銀行 2812 臺灣上市銀行，在中小企業金融、個人金融、區域型銀行服務與王道銀行競爭。
  • 京城商業銀行 2809 臺灣上市銀行，存放款、財富管理與企業金融業務具競爭關係。
  • 高雄銀行 2836 臺灣上市銀行，區域企金、個金與財富管理服務具部分競爭。
  • 中國信託金融控股 2891 大型金控旗下中信銀行在個人金融、支付、信用卡、財富管理與企業金融均具規模優勢。
  • 玉山金融控股 2884 大型金控旗下玉山銀行在數位金融、財富管理、信用卡與企金均為主要競爭者。
  • 永豐金融控股 2890 旗下永豐銀行在數位帳戶、證券銀行整合、企金與財富管理具競爭關係。
  • LINE Bank 連線商業銀行 臺灣純網銀，未上市；在數位帳戶、個人貸款與年輕客群爭奪上與王道銀行競爭。
  • 樂天國際商業銀行 臺灣純網銀，未上市；在數位存款、貸款與支付生態圈服務上競爭。
  • 將來商業銀行 臺灣純網銀，未上市；與王道銀行在數位金融、線上開戶、個金與創新金融服務上競爭。
Sources（15）

This company profile is compiled from public sources (annual reports, filings, news and analyst reports), not finlab backtest data; the 2025–2028 outlook contains forward-looking estimates and is for reference only.

Method and limitations

  • All returns use adjusted close (etl:adj_close), already adjusted for dividends and splits.
  • Excess return is measured against the TAIEX total-return index (dividends included).
  • Valuation regime and percentile stats use an expanding own-history window (no future data).
  • Revenue-signal event dates align to the first trading day after the filing deadline, avoiding look-ahead.
  • Event samples may overlap in time; stats describe historical distribution only and are less reliable when samples are few.

This page is historical statistics for educational purposes and is not investment advice. Investing involves risk; past performance does not indicate future results. Assess and bear the risk yourself before trading.