JB Financial Group (175330) investor relations material

Executive summary

• 3Q26 net income attributable to controlling interests was KRW210bn, up 0.8% YoY; cumulative net income reached a third-quarter record of KRW596bn, up 2.9% YoY.

• Cumulative ROE was 13.3% and ROA 1.08%; continued RoRWA-focused lending and lower credit costs supported profitability.

Financial highlights

• 3Q26 total operating income was KRW588.4bn, up 2.4% YoY; interest income rose 9.4% to KRW566.5bn, while non-interest income fell 61.6% to KRW21.9bn.

• Operating income was KRW290.9bn, up 3.5% YoY; SG&A rose 4.5% to KRW198.0bn and provisions declined 4.6% to KRW99.4bn.

• Cumulative operating income reached KRW817.9bn, up 6.8% YoY; controlling-interest net income was KRW595.7bn, up 2.9%.

• 3Q26 YTD EPS increased 5.9% YoY to KRW3,167, supported by continued share buybacks and cancellation.

Outlook and guidance

• FY26 net income guidance is KRW750bn; 3Q26 YTD controlling-interest net income of KRW595.7bn was 2.4% above the comparable plan.

• Double-digit ROE for an eighth consecutive year and ROA above 1% for a third consecutive year were considered highly likely.

• Guidance is issued at the start of each year; annual earnings have exceeded guidance every year since 2019, after adjusting for 2023 government financial-support measures.