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Kb Financial Group (KB)
NYSE:KB
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.98Last Year’s EPS
1.91Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -7.42%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced sentiment with strong net profit growth and shareholder return initiatives, but offset by challenges from economic volatility, declining net interest margins, and conservative provisioning. The overall financial health is upheld by strategic diversification and cost efficiency improvements.Company Guidance
During the 2024 full-year earnings call for KB Financial Group, the CFO, Na Sang-Rok, provided detailed guidance on several key financial metrics. The group's net profit amounted to KRW 5,078.2 billion, marking a 10.5% year-over-year increase, while pre-provisioning operating profit rose by 5.9% to KRW 10,089.6 billion. The return on equity (ROE) improved to 9.72%, up 0.59 percentage points from the previous year, and earnings per share (EPS) increased by 12.2% to KRW 12,881. The company also focused on shareholder returns, announcing a total cash payout of KRW 300 billion with a dividend per share (DPS) of KRW 804, contributing to a total shareholder return (TSR) of 39.8% for the fiscal year. In terms of capital adequacy, the group's CET1 ratio stood at 13.51%, and they emphasized maintaining this through prudent asset management. Additionally, KBFG reported a group net interest margin (NIM) of 2.03%, with a slight year-over-year decrease, and a credit cost of 43 basis points, reflecting a conservative provisioning stance amidst economic uncertainties. The call also highlighted the group's strategic emphasis on asset quality, profitability, and sustainable growth as core components of their Value-Up Plan.Solid Net Profit Growth
KBFG's FY '24 net profit was KRW 5,078.2 billion, driven by balanced top line expansion, reporting a 10.5% year-over-year increase.
Improved Return on Equity (ROE)
ROE for 2024 recorded 9.72%, improving 0.59 percentage points year-over-year.
Shareholder Return Initiatives
The Board of Directors decided on a total of KRW 300 billion cash payout with DPS of KRW 804, and an additional KRW 520 billion of share buyback and cancellation.
Increase in Credit Card Fee Income
Credit card fee income posted a KRW 99.7 billion increase year-on-year.
Cost Efficiency Improvement
2024 Group CIR posted 40.7%, declining 0.4 percentage points year-over-year, showing an improvement in cost efficiency.
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KB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $62.65 | $60.21 | -3.89% |
| Oct 24, 2024 | $67.58 | $66.96 | -0.92% |
| Jul 23, 2024 | $60.83 | $62.65 | +2.99% |
| Apr 25, 2024 | $49.67 | $50.15 | +0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kb Financial Group (KB) report earnings?
Kb Financial Group (KB) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Kb Financial Group (KB) earnings time?
Kb Financial Group (KB) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KB EPS forecast?
KB EPS forecast for the fiscal quarter 2025 (Q1) is 2.98.
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