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Shinhan Financial Group Co Ltd (SHG)
NYSE:SHG
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.98Last Year’s EPS
1.87Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -2.90%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were positive signs of interest income growth, cost management, and stable asset quality, significant challenges were highlighted by large derivative trading losses and a notable decline in noninterest income. Shareholder returns and capital adequacy provided some positive counterbalance, yet the overall sentiment leans towards concern over income volatility.Company Guidance
During Shinhan Financial Group's Q3 2024 earnings call, several key metrics were discussed, reflecting the company's financial performance and strategic actions. The company reported a net income of KRW 1.2386 trillion, representing a decrease of 13.1% quarter-on-quarter (Q-o-Q), primarily due to large losses in the noninterest income segment, particularly a KRW 135.7 billion loss from derivatives trading by Shinhan Securities. Despite this, interest income increased by 1.2% Q-o-Q, driven by a 3.5% growth in bank won loans, contributing to an annual growth rate of 10.2% in this segment. The group's CET1 ratio was noted at 13.13% at the end of September 2024. Additionally, the Board approved a third-quarter dividend of KRW 540 per share and announced a share buyback and cancellation plan totaling KRW 400 billion to enhance shareholder returns. The company's cumulative credit cost ratio improved by 4 basis points, posting 44 basis points, and the cumulative cost-to-income ratio (CIR) improved by 1.2 percentage points year-on-year to 37.9%. These metrics underscore the group's focus on maintaining financial stability while addressing challenges in its securities segment.Interest Income Growth
Interest income increased by 1.2% Q-o-Q, driven by growth in the bank's loan book and efficient asset-liability management.
Cost Management
SG&A expenses were well-managed, increasing only 1.2% Q-o-Q, contributing to an improvement in the group's cumulative CIR by 1.2 percentage points Y-o-Y.
Shareholder Returns
The Board approved a third-quarter dividend of KRW 540 per share and announced a share buyback and cancellation totaling KRW 400 billion.
Asset Quality
Bank delinquency rates remained stable, and card delinquency saw additional improvement due to proactive write-downs and sales of non-performing loans.
Capital Adequacy
The CET1 ratio improved by 7 basis points Q-o-Q, estimated at 13.13% as of September 2024.
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SHG 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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SHG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $35.18 | $34.56 | -1.76% |
| Oct 25, 2024 | $40.82 | $41.32 | +1.22% |
| Jul 26, 2024 | $38.81 | $41.90 | +7.96% |
| Apr 26, 2024 | $31.85 | $34.16 | +7.25% |
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 Shinhan Financial Group Co Ltd (SHG) report earnings?
Shinhan Financial Group Co Ltd (SHG) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Shinhan Financial Group Co Ltd (SHG) earnings time?
Shinhan Financial Group Co Ltd (SHG) earnings time is at Apr 25, 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 SHG EPS forecast?
SHG EPS forecast for the fiscal quarter 2025 (Q1) is 1.98.
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