Shinhan Financial Group Q3 net profit up 10.9% to $1.2 bil.
Interest income rose 8.3% to 3.2 trillion won, helping offset an 18.1% drop in commission income, the company said.
- On Tuesday, Shinhan Financial Group reported a third-quarter net income of 1.6 trillion won , up 10.9 percent from a year earlier.
- Revenue surged 95.9 percent to 18.64 trillion won, though operating profit for the July-September period fell 2.4 percent to 1.9 trillion won, the financial conglomerate said in a regulatory filing.
- Flagship unit Shinhan Bank logged a net profit of 1.2 trillion won, up 12.5 percent, as interest income rose 8.3 percent to 3.2 trillion won while commission income declined 18.1 percent to 790.2 billion won.
- Nine-Month net profit reached 5.03 trillion won, a 12.7 percent increase that already outpaces the group's total annual net profit of 4.97 trillion won for 2025.
- Earnings met market expectations, as the result closely aligned with the 1.61 trillion won average estimate from a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
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Shinhan Financial Group recorded a record-high net profit exceeding 5 trillion won through the first three quarters of this year. This is attributed to a steady increase in interest income as the Net Interest Margin (NIM) improved amidst a period of rising interest rates. The interest income (interest revenue minus interest expenses) earned by its main affiliate, Shinhan Bank alone, reached 7.4 trillion won during the first three quarters.
Shinhan Financial Group Q3 net profit up 10.9% to $1.2 bil.
Shinhan Financial Group on Tuesday reported a third-quarter net income of 1.6 trillion won ($1.2 billion), up 10.9 percent from a year earlier. Operating profit for the July-September period stood at 1.9 trillion won, down 2.4 percent from a year ago, the financial conglomerate said in a regulatory filing. Revenue rose 95.9 percent to 18.64 trillion won. The earnings met market expectations. The average estimate of net profit by analysts stood a…
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