JB Financial Group (175330) Q2 2025 earnings summary

Executive summary

• Net income for 2Q25 reached KRW208bn, up 5.5% year-over-year, with 1H25 net income at KRW370bn, a 0.1% increase year-over-year, driven by strong top-line growth and reduced expenses.

• ROE for 1H25 was 13.1%, maintaining sector-leading profitability for seven consecutive years, and ROA was 1.11%.

• Cost-to-income ratio improved to 35.8% due to top-line growth and cost control.

• CET1 ratio at 12.41% as of 2Q25, ensuring capital adequacy.

• Board approved a 2Q25 dividend of KRW160 per share and a KRW30bn share buyback.

Financial highlights

• Total operating income for 2Q25 was KRW578.9bn, up 3.1% sequentially but down 1.3% year-over-year.

• Net interest income for H1 2025 was KRW993.0bn; non-interest income increased 10.0% sequentially but fell 20.2% year-over-year.

• Cost-income ratio improved to 35.8%, down 1.7 percentage points year-over-year.

• Credit cost ratio decreased to 0.81%, down 24bp sequentially.

• Total assets reached KRW70.2 trillion, up from KRW66.7 trillion at end-2024.

Outlook and guidance

• Management expects to maintain double-digit ROE for the seventh consecutive year, supported by stable cost efficiency and asset rebalancing.

• Group aims to maintain robust profitability and stable growth despite ongoing market uncertainties.

• Focus remains on expanding core business share, risk-adjusted profitability, and strategic investments in digital and overseas expansion.