KakaoBank (323410) Q3 2026 earnings summary

Executive summary

• Q3 operating revenue rose 15.2% YoY to KRW 880,881 million and operating profit rose 26.9% to KRW 191,784 million; net profit was KRW 141,734 million.

• Customer base reached 27.94 million; quarter-end deposits were KRW 71.8 trillion and loans KRW 48.6 trillion.

Financial highlights

• Q3 interest revenue rose 20.4% YoY to KRW 739.6 billion; Fee & Platform revenue was KRW 86.8 billion, up 12% YoY.

• Pre-tax profit reached KRW 191.6 billion, up 29.5% YoY; operating margin was 16.1%, up 1.5 percentage points.

• 9M operating profit was KRW 543,375 million versus KRW 504,285 million; net profit was KRW 469,782 million versus KRW 375,073 million.

• 9M provisions for credit losses were KRW 194,343 million versus KRW 174,716 million; adjusted profit after regulatory credit-loss reserve was KRW 463,343 million versus KRW 340,481 million.

• 9M total comprehensive income fell to KRW 230,109 million from KRW 345,913 million, including KRW 239,673 million of OCI losses, mainly FVOCI valuation losses.

Outlook and guidance

• FY2026 NIM growth guidance remains above 10 bps YoY; Q4 pension-related deposit inflows may pressure NIM.

• FY2026 platform revenue growth is expected at 14%–15% YoY, with further growth anticipated in 2027.

• ROE roadmap targets the 10% range in 2028, mid-12% in 2029 and the 15% range in 2030.

• Interim payment loans are planned for 2027 and SME banking for H1 2028; CIR may rise slightly in 2026 before trending down from 2028.

• FY2024–26 shareholder returns may reach 50% if the BIS capital ratio exceeds the prior-year average of major domestic banks; from FY2027, DPS is targeted to remain stable or rise gradually under the same condition.