JB Financial Group (175330) Q2 2026 earnings summary

Executive summary

• Net income for 2Q26 reached KRW220bn, up 5.7% year-over-year, marking record highs for both 2Q and 1H periods.

• EPS increased 8.9% year-over-year, supported by earnings growth and ongoing share buybacks.

• ROE remained strong at 13.0%, with ROA at 1.07%, sustaining multi-year double-digit returns.

• Top-line growth was driven by both interest and non-interest income, with non-interest income up 9.3% year-over-year.

Financial highlights

• Total operating income for 2Q26 was KRW639.2bn, up 10.4% year-over-year.

• Interest income rose 10.6% year-over-year to KRW554.7bn, while non-interest income surged 103.2% quarter-over-quarter.

• Cost-income ratio stood at 36.9%, up 1.1 percentage points year-over-year.

• Credit cost ratio was 0.79%, down 9bps quarter-over-quarter.

• NPL ratio increased slightly to 1.43%, with NPL coverage at 91.7%.

Outlook and guidance

• 1H26 net income exceeded annual guidance by 4.0%, positioning the group to surpass its full-year target.

• The board approved a 2Q26 dividend of KRW314 per share and a share buyback of KRW100bn.