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Kb Financial Group
(NYSE:KB)
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Rating:68Neutral
Price Target:
$107.00
â–²(23.70% Upside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by weaker recent fundamentals (TTM revenue contraction and negative TTM operating/free cash flow) and elevated leverage. Offsetting these are strong technical momentum, attractive valuation (low P/E with a solid yield), and a positive earnings-call backdrop highlighting improving profitability, fee-driven growth, and meaningful shareholder returns despite FX-driven capital pressure.
Positive Factors
Record Fee Income
A record noninterest income driven by securities and asset management indicates durable diversification away from pure NII. With nonbanking contributing ~72% of fees, the group gains more stable, fee-driven earnings that support ROE and reduce sensitivity to short-term rate swings over the next several months.
Negative Factors
High Leverage
Elevated leverage versus peers increases sensitivity to funding and credit shocks and constrains strategic flexibility. High debt-to-equity amplifies capital volatility from FX, provisions or market stress and can force more conservative growth or higher capital retention over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Record Fee Income
A record noninterest income driven by securities and asset management indicates durable diversification away from pure NII. With nonbanking contributing ~72% of fees, the group gains more stable, fee-driven earnings that support ROE and reduce sensitivity to short-term rate swings over the next several months.
Read all positive factors
Kb Financial Group (KB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.41B
Dividend Yield2.79%
Average Volume (3M)236.04K
Price to Earnings (P/E)10.3
Beta (1Y)0.81
Revenue Growth1.35%
EPS Growth7.91%
CountryUS
Employees141
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)16230.04
Shares Outstanding354,687,740
10 Day Avg. Volume300,522
30 Day Avg. Volume236,039
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)0.76
Price to Sales (P/S)0.93
P/FCF Ratio12.78
Enterprise Value/Market Cap5.28K
Enterprise Value/Revenue4.38
Enterprise Value/Gross Profit8.39
Enterprise Value/Ebitda19.53
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.03
Revenue Forecast (FY)$12.69B
Kb Financial Group Business Overview & Revenue Model
Company Description
KB Financial Group Inc. is a prominent financial conglomerate offering a diverse array of banking and associated financial services to both individual consumers and corporate entities, both domestically in South Korea and across international mark...
Kb Financial Group Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: record noninterest income and fee growth, improved ROE, modest NII and NIM expansion, robust shareholder returns including large share cancellations, and lower credit costs. These positives were tempered by capital pressure from FX volatility and large shareholder returns, weakened other operating profit (insurance), higher G&A due to taxes/bonuses, and some moderation in NPL coverage. Management emphasized conservative capital and provisioning stances and active RWA management to mitigate risks.Positive Updates
Strong shareholder returns and capital actions
Board approved immediate cancellation of ~14.26 million treasury shares (~3.8% of issued shares) — largest single cancellation in industry by value; total issued shares reduced 15.2% vs 10 years ago. Q1 quarterly cash dividend KRW 1,143/share (KRW 405.4bn) and second round of buybacks/cancellations of KRW 600bn (completed initial KRW 600bn purchase of a KRW 1.2tr H1 plan). Q1 DPS up KRW 231, a 25.3% YoY increase.
Negative Updates
CET1 and capital ratio pressure from FX and shareholder returns
Preliminary CET1 13.63% (BIS 15.75%); CET1 down ~19bps QoQ. Management cited nearly KRW 80 depreciation in KRW/USD during quarter and large-scale shareholder returns as headwinds to CET1; FX sensitivity materially affects capital ratios.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong shareholder returns and capital actions
Board approved immediate cancellation of ~14.26 million treasury shares (~3.8% of issued shares) — largest single cancellation in industry by value; total issued shares reduced 15.2% vs 10 years ago. Q1 quarterly cash dividend KRW 1,143/share (KRW 405.4bn) and second round of buybacks/cancellations of KRW 600bn (completed initial KRW 600bn purchase of a KRW 1.2tr H1 plan). Q1 DPS up KRW 231, a 25.3% YoY increase.
Read all positive updates
Company Guidance
KBFG’s guidance emphasized disciplined capital management and measured growth: Q1 headlines were net income KRW 1,892.4bn, NII KRW 3.3348tr (+2.2% Y‑o‑Y) with group NIM 1.99% and bank NIM 1.77% (↑4bps/↑2bps Q‑o‑Q), noninterest income KRW 1.6509tr (+27.8%, record), net fee income KRW 1.3593tr (+45.5%), ROE 13.94% (↑0.9pp Y‑o‑Y), provisions KRW 493.2bn (‑24.8%) and credit cost ~40bps (‑14bps Y‑o‑Y) with management keeping a conservative provisioning stance; RWA KRW 366tr (+KRW9tr/+2.5% vs YE; ex‑FX +KRW4tr/1.1% Y‑o‑Y), BIS 15.75% and CET1 13.63% (‑19bps Q‑o‑Q) with shareholder returns linked to a ~13% CET1 threshold. Loan book was KRW 379tr (+0.4% vs YE; household ‑0.4%, corporate +1.2%) and guidance targets household loan growth 1–2%, corporate 6–7% and overall bank loan growth ~4%; NIM is expected to be slightly higher than prior plans given base‑rate moves. Capital actions include a Q1 cash dividend KRW 1,143/share (total KRW 405.4bn, +25.3% YoY), an H1 buyback/cancellation program KRW 1.2tr (KRW 600bn initially completed, KRW 600bn additional approved) and immediate cancellation of 14.26m treasury shares (~3.8% of issued shares); nonbanking remains a key earnings driver (≈72% of fee income) with securities and AM AUM up 55.9% and 18.4% Q‑o‑Q.Kb Financial Group Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.88T | 50.69T | 37.77T | 36.41T | 25.64T | 20.97T |
| Gross Profit | 22.91T | 24.86T | 18.06T | 16.30T | 14.56T | 15.81T |
| EBITDA | 9.84T | 9.45T | 7.90T | 6.99T | 6.27T | 7.09T |
| Net Income | 6.12T | 5.85T | 5.08T | 4.59T | 4.11T | 4.41T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 0.00 | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 20.38T | 0.00 | 10.00T> | 10.00T> | 10.00T> | 92.05T |
| Total Debt | 10.00T> | 0.00 | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Liabilities | 10.00T> | -61.37T | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 54.60T | 61.37T | 57.89T | 56.69T | 52.52T | 48.53T |
Cash Flow | ||||||
| Free Cash Flow | -2.54T | 3.67T | 3.39T | 3.43T | 4.26T | -2.50T |
| Operating Cash Flow | -2.12T | 4.23T | 4.02T | 4.11T | 4.76T | -2.03T |
| Investing Cash Flow | -6.03T | -5.54T | -3.83T | -3.52T | -19.64T | -3.86T |
| Financing Cash Flow | 7.62T | 5.80T | -1.98T | -1.24T | 15.18T | 10.82T |
Kb Financial Group Technical Analysis
Positive
86.50
Price Trends
105.48
Positive
105.88
Positive
95.97
Positive
Market Momentum
-0.33
Negative
56.90
Neutral
67.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KB, the sentiment is Positive. The current price of 86.5 is below the 20-day moving average (MA) of 104.79, below the 50-day MA of 105.48, and below the 200-day MA of 95.97, indicating a bullish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 56.90 is Neutral, neither overbought nor oversold. The STOCH value of 67.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KB.
Kb Financial Group Risk Analysis
Kb Financial Group disclosed 44 risk factors in its most recent earnings report. Kb Financial Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kb Financial Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $34.98B | 13.39 | 10.25% | 2.76% | -0.49% | 19.72% | |
72 Outperform | $51.80B | 19.05 | 8.86% | 3.14% | 7.12% | -5.41% | |
68 Neutral | $36.41B | 10.28 | 10.54% | 2.79% | 1.35% | 7.91% | |
68 Neutral | $32.50B | 9.85 | 9.08% | 2.86% | 1.72% | 13.27% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $14.52B | 7.24 | 9.33% | 3.71% | 7.90% | 8.29% | |
53 Neutral | $34.87B | 9.11 | 13.55% | 2.48% | 28.16% | 28.12% |
* Financial Sector Average
KB
Kb Financial Group
109.35
23.65
27.60%
BBD
Banco Bradesco SA
3.45
0.48
16.08%
FITB
Fifth Third Bancorp
57.16
15.18
36.18%
MTB
M&T Bank
238.88
42.15
21.42%
SHG
Shinhan Financial Group Co
66.88
20.59
44.48%
WF
Woori Finance Holdings Co
59.81
9.13
18.01%
Kb Financial Group Corporate Events
KB Financial Group Injects Nearly KRW 1 Trillion into KB Securities via June 26 Capital Increase
Jun 26, 2026
On June 26, 2026, KB Financial Group announced that the board of its wholly owned subsidiary KB Securities had approved a capital increase through the issuance of 56,753,688 new common shares at KRW 17,620 per share, raising roughly KRW 1 trillion...
KB Financial Group to Receive KRW 1.4 Trillion Interim Dividend from Kookmin Bank
Jun 18, 2026
On June 17, 2026, the board of directors of Kookmin Bank, a wholly owned unit of KB Financial Group, approved an interim cash dividend of KRW 3,460 per common share, totaling KRW 1,399.15 billion. The dividend will be paid entirely to KB Financial...
KB Financial Group Discloses Slight Change in National Pension Service Shareholding
May 18, 2026
On May 18, 2026, KB Financial Group reported a change in the shareholding of its largest shareholder, the Korean National Pension Service, based on the shareholder registry as of May 8, 2026. The pension fund’s stake shifted from 33,505,649 ...
KB Financial Group Files Reviewed Q1 2026 Results and Business Report
May 15, 2026
On May 15, 2026, KB Financial Group filed its Korean first-quarter 2026 business report and related interim financial statements, providing investors with an English summary prepared under Korean IFRS. The filing covers results of operations, capi...
KB Financial Group Sets KRW 600 Billion Treasury Share Cancellation Plan
Apr 23, 2026
On April 23, 2026, KB Financial Group’s board approved the cancellation of 3,811,944 common shares, representing part of its issued stock, in a move grounded in Article 343-1 of the Korean Commercial Code. The shares, with an estimated value...
KB Financial Group to Cancel KRW 1.4 Trillion in Treasury Shares After Board Approval
Apr 23, 2026
On April 23, 2026, KB Financial Group’s board approved the cancellation of 14,262,733 previously acquired common treasury shares, out of a total 372,850,455 common shares issued, with an estimated book value of about KRW 1.4 trillion. The ca...
KB Financial Group Posts Strong Earnings Rebound in Q1 2026
Apr 23, 2026
On April 23, 2026, KB Financial Group released preliminary consolidated results for the first quarter of 2026, reporting operating revenue of KRW 30.7 trillion, up 55.5% year-on-year, and profit attributable to shareholders of KRW 1.89 trillion, a...
KB Financial Group Declares KRW 1,143 Quarterly Dividend Tied to Ongoing Share Buybacks
Apr 23, 2026
On April 23, 2026, KB Financial Group’s board approved a quarterly cash dividend of KRW 1,143 per common share, implying a total payout of about KRW 405.4 billion based on 354.7 million outstanding shares. The record date was set for May 8, ...
KB Financial Group Sets May 8, 2026 Record Date for Q1 Interim Dividend
Apr 23, 2026
KB Financial Group Inc. has set May 8, 2026 as the record date for determining shareholders eligible to receive interim cash dividends for the first quarter of 2026. The decision follows Article 60 of the company’s Articles of Incorporation,...
KB Financial Group Launches KRW 600 Billion Share Buyback to Boost Shareholder Returns
Apr 23, 2026
On April 23, 2026, KB Financial Group’s board approved a plan to buy back up to 3,811,944 common shares, with an estimated outlay of KRW 600 billion funded from profits available for dividends. The purchases, to be executed on the Korea Exch...
KB Financial Group Reports Increased Stake by National Pension Service
Apr 17, 2026
On April 17, 2026, KB Financial Group Inc. disclosed that its largest shareholder, the Korean National Pension Service, modestly increased its stake in the company. The pension fund’s holdings rose from 33,379,901 common shares, or 8.95% as ...
KB Financial Group Sets April 23, 2026 Date for First-Quarter Earnings Conference
Apr 9, 2026
KB Financial Group Inc. has scheduled its 2026 first-quarter earnings conference for Thursday, April 23, 2026, at 16:00 Korea time. The event will be delivered via live webcast and conference call, with materials and audio offered in both Korean a...
KB Financial Group Completes KRW 600 Billion Share Buyback Program
Apr 9, 2026
On April 9, 2026, KB Financial Group Inc. reported the completion of its treasury share buyback program that had been launched on February 6, 2026. Over the acquisition period, the group repurchased 3,899,988 common shares at an average price of K...
KB Financial Group Confirms KRW 600 Billion Treasury Share Cancellation Plan
Apr 9, 2026
On April 9, 2026, KB Financial Group updated investors on its previously announced plan to cancel a portion of its treasury shares, confirming that 3,899,988 common shares with an estimated book value of about KRW 600 billion are designated for ca...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.