Want to see KB full AI Analyst Report?
Top Page
Kb Financial Group
(NYSE:KB)
Select Model
Select Model
Rating:68Neutral
Price Target:
$129.00
â–²(9.85% Upside)
Action:Reiterated
Date:07/28/26
The score is driven mainly by mixed fundamentals (notably negative TTM cash flow, TTM revenue decline, and elevated leverage) balanced by a constructive price trend and supportive valuation (low P/E with a moderate dividend). The latest earnings call adds a positive tilt due to strong first-half profitability, improved ROE, solid capital, and meaningful shareholder return plans, though management’s NIM/provisioning and fee-sustainability cautions keep the score from being higher.
Positive Factors
Strong Capital Position & Shareholder Returns
A CET1 ~13.7% and BIS ~15.9% provide durable loss-absorption and regulatory headroom, enabling the bank to pursue buybacks and dividends while supporting growth. Strong capital cushions credit shocks, preserves lending capacity, and underpins long-term funding and strategic flexibility.
Negative Factors
High Leverage
Sustained elevated leverage raises structural vulnerability to funding stress and credit losses. A higher debt-to-equity ratio limits capital maneuverability, amplifies returns volatility, constrains risk-taking, and may force more conservative lending or capital-raising in adverse macro scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Capital Position & Shareholder Returns
A CET1 ~13.7% and BIS ~15.9% provide durable loss-absorption and regulatory headroom, enabling the bank to pursue buybacks and dividends while supporting growth. Strong capital cushions credit shocks, preserves lending capacity, and underpins long-term funding and strategic flexibility.
Read all positive factors
Kb Financial Group (KB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.70B
Dividend Yield2.59%
Average Volume (3M)340.27K
Price to Earnings (P/E)9.7
Beta (1Y)0.82
Revenue Growth34.27%
EPS Growth11.29%
CountryUS
Employees141
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)16230.04
Shares Outstanding354,687,740
10 Day Avg. Volume304,874
30 Day Avg. Volume340,272
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$162.90Price Target Upside38.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)12.52
Revenue Forecast (FY)$13.10B
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:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The earnings call conveyed a broadly positive performance: strong H1 profit growth (+13.1% YoY), record first-half operating income (above KRW 10 trillion), materially higher fee income (+33.3% YoY) and improved ROE (14.09%), supported by a stronger contribution from securities subsidiaries and solid capital ratios (CET1 13.74%). Management also committed to substantial shareholder returns (KRW 700 billion buyback, target ~KRW 3.7 trillion for 2026). Noted headwinds include modest QoQ NIM compression (bank NIM down ~3 bp, group NIM down ~5 bp), one-off provisioning in Q2, insurance loss ratio pressures, higher G&A driven by compensation and taxes, and macro/FX/ELS-related uncertainties. On balance, positives (profitability, fee growth, capital and shareholder returns, improving credit cost YoY) outweigh the challenges, though management highlighted conservative provisioning and caution on sustainability of fee levels given market volatility.Positive Updates
Strong Profit Growth
Q2 net profit of KRW 1,992.2 billion and H1 net profit of KRW 3,884.6 billion, representing a 13.1% YoY increase in first half net profit.
Negative Updates
Quarterly NIM Pressure
Bank NIM in Q2 recorded ~1.74% (down ~3 bp QoQ) and group NIM 1.94% (down ~5 bp QoQ) due to preemptive funding, higher marketable deposits and intensifying corporate loan competition; slight QoQ NII decline noted despite slight YoY increase (Group NII KRW 6.473 trillion).
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Profit Growth
Q2 net profit of KRW 1,992.2 billion and H1 net profit of KRW 3,884.6 billion, representing a 13.1% YoY increase in first half net profit.
Read all positive updates
Company Guidance
Management reiterated capital- and shareholder-return-driven guidance: June CET1 was 13.74% (above the 13.5% trigger), the board approved KRW 700bn of buyback/cancellation with ~KRW 180bn remaining, and combined with the KRW 2.82tn first-round return they expect ~KRW 3.7tn total 2026 shareholder returns (Q2 cash dividend KRW 1,155/share); they also approved two paid‑in capital injections totaling KRW 1.7tn to support securities growth. Financial and business targets include Q2 net profit KRW 1,992.2bn and 1H net profit KRW 3,884.6bn (+13.1% YoY) with 1H operating income >KRW 10tn, 1H NII KRW 6.473tn, group ROE 14.09% (1H), preliminary BIS 15.91% / CET1 13.74% with RWA ~KRW 370tn (+1.1% QoQ). Margin, fee and credit guidance: bank NIM ~1.74% (‑3bp QoQ) and group NIM 1.94% (‑5bp QoQ) but expected to improve in 2H (annual Y/Y uptick); 1H non‑interest income KRW 3.6292tn (+33.3% YoY), net fee income ~KRW 3tn 1H (Q2 fee KRW 1.6019tn, +17.8% QoQ) now >31% of revenue; Q2 provisions KRW 519.8bn, Q2 credit cost 38bp and 1H credit cost 39bp (improved 15bp YoY) with full‑year credit cost guidance in the early–mid 40bp range. Loan balances and growth targets: bank loans KRW 385tn (+2% vs end‑2025, +1.6% QoQ) with household loans KRW 184tn and corporate loans KRW 201tn (+2.2% QoQ); medium‑term targets remain ~1–2% household growth and ~6–7% corporate loan growth; group CIR was 36.2% despite 1H G&A +8.9% YoY.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 | -2.56T | 3.67T | 3.39T | 3.43T | 4.26T | -2.50T |
| Operating Cash Flow | -2.14T | 4.23T | 4.02T | 4.11T | 4.76T | -2.03T |
| Investing Cash Flow | -7.14T | -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
117.43
Price Trends
109.67
Positive
107.32
Positive
99.37
Positive
Market Momentum
3.42
Positive
54.75
Neutral
40.91
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 117.43 is below the 20-day moving average (MA) of 117.96, above the 50-day MA of 109.67, and above the 200-day MA of 99.37, indicating a bullish trend. The MACD of 3.42 indicates Positive momentum. The RSI at 54.75 is Neutral, neither overbought nor oversold. The STOCH value of 40.91 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $36.28B | 13.60 | 10.66% | 2.40% | 0.50% | 22.74% | |
71 Outperform | $51.27B | 19.53 | 8.43% | 2.79% | 17.75% | -8.65% | |
71 Outperform | $31.78B | 9.05 | 9.41% | 2.62% | 35.45% | 15.25% | |
71 Outperform | $16.29B | 7.39 | 9.60% | 4.34% | 30.88% | 10.24% | |
68 Neutral | $37.70B | 9.68 | 10.83% | 2.67% | 34.27% | 11.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | $35.76B | 9.11 | 13.55% | 7.75% | 28.16% | 28.12% |
* Financial Sector Average
KB
Kb Financial Group
121.09
43.41
55.88%
BBD
Banco Bradesco SA
3.59
0.93
34.96%
FITB
Fifth Third Bancorp
56.59
17.02
43.02%
MTB
M&T Bank
247.00
67.35
37.49%
SHG
Shinhan Financial Group Co
72.35
25.08
53.06%
WF
Woori Finance Holdings Co
70.30
18.87
36.69%
Kb Financial Group Corporate Events
KB Financial Group Posts Strong H1 2026 Earnings Growth Despite Mixed Bank Revenue
Jul 23, 2026
On July 23, 2026, KB Financial Group reported preliminary consolidated operating results for the first half of 2026, showing strong year-on-year growth under K-IFRS despite only modest quarter-on-quarter changes. Second-quarter consolidated operat...
KB Financial Group Sets August 7 Record Date for Q2 2026 Interim Dividend
Jul 23, 2026
KB Financial Group Inc. has set August 7, 2026 as the record date for interim cash dividends for the second quarter of 2026, in line with Article 60 of its Articles of Incorporation governing quarterly dividends. The company emphasized that shareh...
KB Financial Group Declares KRW 1,155 Quarterly Dividend per Share
Jul 23, 2026
On July 23, 2026, KB Financial Group Inc.’s board approved a quarterly cash dividend of KRW 1,155 per common share, based on an assumed 351,106,111 outstanding shares, for a total planned payout of approximately KRW 405.5 billion. The record...
KB Financial Group Approves KRW 700 Billion Share Buyback via Trust
Jul 23, 2026
On July 23, 2026, KB Financial Group’s board approved a plan to enter a trust agreement with Samsung Securities to repurchase up to KRW 700 billion of its own shares between July 24 and December 16, 2026. The program targets around 3.99 mill...
KB Financial Group to Cancel KRW 700 Billion in Treasury Shares After Buyback Plan
Jul 23, 2026
On July 23, 2026, KB Financial Group’s board approved the cancellation of approximately 3,997,715 common shares, representing part of its issued capital, to be executed after the company acquires them as treasury stock. The estimated value o...
KB Financial Group Updates National Pension Service Stake Following Share Count Change
Jul 21, 2026
On July 21, 2026, KB Financial Group reported a change in the shareholding of its largest investor, the Korean National Pension Service. The pension fund’s holdings fell from 33,460,006 common shares, or 8.97% of 372,850,455 total shares as ...
KB Financial Group Sets December 2026 Date for KRW 600 Billion Treasury Share Cancellation
Jul 17, 2026
KB Financial Group Inc., a leading Korean financial holding company headquartered in Seoul, operates in banking and broader financial services, with common shares accessible to international investors. The group actively manages treasury shares as...
KB Financial Group Completes KRW 600 Billion Share Buyback in July 2026
Jul 17, 2026
On July 16, 2026, KB Financial Group reported that it had completed a previously announced share buyback program, signaling the end of a capital management initiative launched earlier in the year. The move underscores the group’s active appr...
KB Financial Group Schedules First-Half 2026 Earnings Conference for July 23
Jul 9, 2026
KB Financial Group Inc. announced that it will hold its 2026 first-half earnings conference on July 23, 2026, at 16:00 Korea time, providing a live webcast and conference call through its investor relations website in both Korean and English. The ...
KB Financial Group Releases Independently Assured 2025 Sustainability Report
Jun 30, 2026
On June 30, 2026, KB Financial Group published its 2025 sustainability report prepared under the Korea Sustainability Standards Board’s Sustainability Disclosure Standards Nos. 1 and 2, with financial data on a consolidated K-IFRS basis. The...
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...
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.