Top Page
Shinhan Financial Group Co
(NYSE:SHG)
Shinhan Financial Group Co (SHG) vs. SPDR S&P 500 ETF (SPY)
Shinhan Financial Group Co Business Overview & Revenue Model
Shinhan Financial Group Co Earnings Call Summary
Shinhan Financial Group Co Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 39.77T | 35.38T | 33.80T | 24.56T | 25.75T |
| Gross Profit | 21.21T | 15.57T | 14.88T | 13.78T | 20.84T |
| EBITDA | 7.54T | 7.31T | 7.15T | 7.37T | 6.49T |
| Net Income | 5.04T | 4.45T | 4.37T | 4.67T | 4.02T |
Balance Sheet | |||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 27.68T | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Debt | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 53.21T | 56.05T | 53.72T | 50.73T | 47.97T |
Cash Flow | |||||
| Free Cash Flow | 6.20T | 3.85T | -186.39B | 6.65T | 10.19T |
| Operating Cash Flow | 6.46T | 4.63T | 529.85B | 7.59T | 11.08T |
| Investing Cash Flow | -32.62T | 148.53B | -4.27T | -11.03T | -12.03T |
| Financing Cash Flow | 26.24T | -182.65B | 9.76T | 3.39T | 4.96T |
Shinhan Financial Group Co Technical Analysis
Shinhan Financial Group Co Risk Analysis
Shinhan Financial Group Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $25.58B | 11.79 | 19.28% | 4.82% | 8.72% | 27.70% | |
69 Neutral | $36.64B | 8.02 | 9.81% | 2.79% | -4.64% | 24.98% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $29.85B | 18.46 | 8.70% | 2.86% | -4.88% | 4.84% | |
65 Neutral | $16.42B | 6.51 | 9.31% | 3.71% | -2.90% | 16.10% | |
64 Neutral | $33.93B | 8.31 | 13.55% | 2.48% | 5.89% | 34.68% | |
57 Neutral | $20.64B | 8.16 | 11.15% | 4.98% | 1.13% | -11.93% |
Shinhan Financial Group Co Corporate Events
On March 5, 2026, Shinhan Financial Group submitted its 2025 Annual Report on Corporate Governance & Remuneration System to the Korea Exchange, fulfilling a key disclosure requirement for listed companies. The group also stated that an English version of the report will be made available on its website within March 2026, enhancing transparency for global investors and other international stakeholders.
The filing underscores Shinhan Financial Group’s ongoing emphasis on formal governance and executive pay disclosure, which is increasingly scrutinized by regulators and institutional investors. By providing timely public access to its governance and remuneration practices, the company is positioning itself to meet evolving expectations on oversight, accountability and shareholder communication in Korea’s financial sector.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On March 3, 2026, Shinhan Financial Group disclosed the 2025 audit reports for Shinhan Bank, its wholly owned banking subsidiary, prepared under Korean International Financial Reporting Standards as adopted in Korea. The consolidated financial statements for the years ended December 31, 2025 and 2024 received an unqualified opinion from KPMG Samjong, though they remain subject to potential change pending formal approval by the shareholders’ meeting.
The auditor confirmed that Shinhan Bank’s consolidated financial position and performance were fairly presented in all material respects, reinforcing transparency in the group’s financial reporting. This filing provides investors and regulators with audited visibility into the bank’s 2025 results, while noting that subsequent events and the shareholder approval process could still lead to adjustments before the accounts are finalized.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On March 3, 2026, Shinhan Financial Group reported that its wholly owned unit Shinhan Card had filed independent audit reports for its 2025 consolidated and separate financial statements, prepared under Korean IFRS. The statements for the year ended December 31, 2025, audited by KPMG Samjong, are still subject to shareholder approval, signaling a routine but important step in confirming the card unit’s financial position and transparency for investors and regulators.
The unqualified audit opinion indicates the 2025 and 2024 consolidated statements present fairly the financial position and performance of Shinhan Card, although final figures may change during the approval process. This disclosure helps underpin confidence in the group’s risk management and reporting framework at a time when credit quality and capital strength remain key for Korea’s competitive card and consumer finance sector.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
Shinhan Financial Group Co., Ltd., a major South Korean financial services holding company, operates across banking, insurance, securities and asset management, with Shinhan Life serving as its wholly owned life insurance arm. The group plays a central role in Korea’s financial sector, providing diversified financial products to retail and institutional customers and leveraging its subsidiaries to strengthen its market position and earnings base.
On March 3, 2026, Shinhan Financial Group reported that it had disclosed the 2025 audit reports for Shinhan Life, prepared under Korean-adopted International Financial Reporting Standards. The audited consolidated and separate financial statements for the year ended December 31, 2025, remain subject to final approval at the upcoming shareholders’ meeting, indicating that figures could still be adjusted before they become definitive for investors and regulators.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On March 3, 2026, Shinhan Financial Group disclosed its independent audit reports for its 2025 consolidated and separate financial statements prepared under International Financial Reporting Standards as adopted by the Republic of Korea. The audited financial statements, dated as of December 31, 2025, remain subject to potential changes pending formal approval by the shareholders’ meeting, signaling an important step in the group’s annual reporting cycle and providing investors with early visibility into its reviewed financials.
The submission of these audit reports marks a key compliance milestone under U.S. securities regulations for the foreign private issuer while underscoring Shinhan Financial Group’s ongoing commitment to transparent financial reporting for global capital markets. However, stakeholders should note that the figures may still be adjusted through the shareholder approval process, meaning the final reported results for 2025 could differ from the currently disclosed audited statements.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
Shinhan Financial Group has called its 25th annual general meeting of shareholders for March 26, 2026, at Shinhan Bank’s headquarters in central Seoul. The meeting will review and approve the group’s separate and consolidated financial statements for fiscal 2025 and consider a plan to reduce capital reserves and transfer them to retained earnings, signaling an effort to optimize capital structure and potentially enhance balance-sheet flexibility.
Shareholders will also vote on amendments to the articles of incorporation, director remuneration limits, and a broad refresh of the board and audit committee, including the reappointment of CEO Jin Ok-dong as executive director and several outside directors, plus the addition of new independent directors such as former Standard Chartered Bank Korea CEO Park Jong Bok and Kookmin University dean Lim Seungyeon. The company will livestream the meeting and encourage electronic and proxy voting, underscoring a continued focus on corporate governance, board independence, and greater accessibility for domestic and international investors.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On February 26, 2026, Shinhan Bank’s board of directors approved the issuance of write-down contingent capital securities, classified as Basel III-compliant Tier 2 subordinated debt. The instruments have an issuance limit of KRW 200 billion, with final terms, including interest rate and maturity, delegated to the bank’s CEO.
The securities are designed to support Shinhan Bank’s capital adequacy under Basel III by providing loss-absorbing capacity in times of stress. Under Korea’s Act on the Structural Improvement of the Financial Industry, the principal and accrued returns can be fully written off if the bank is designated an insolvent financial institution, underscoring their role in protecting systemic stability and senior creditors.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On February 5, 2026, Shinhan Financial Group reported preliminary, unaudited consolidated results for fiscal 2025 under K-IFRS, showing full-year net income of KRW 5.08 trillion, up 11.6% year-on-year, despite a 12.7% drop in revenue, while fourth-quarter 2025 net income rose 24.0% versus a year earlier but fell sharply quarter-on-quarter amid earnings volatility. Shinhan Bank delivered modest full-year profit growth with KRW 3.78 trillion in net income, though its fourth-quarter profit contracted versus both the prior quarter and year, Shinhan Card’s annual earnings declined despite a stronger fourth quarter year-on-year, and Shinhan Life posted higher annual operating income but a small net loss in the fourth quarter; overall, the figures suggest resilient group profitability in 2025 but highlight pressure on top-line growth and late-year margin and earnings headwinds across key subsidiaries, pending final audit adjustments.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On February 5, 2026, Shinhan Financial Group Co., Ltd., the South Korean financial services holding company, announced that it has set February 20, 2026 as the record date for determining shareholders entitled to receive its annual cash dividend for the fiscal year 2025. The designation of this record date clarifies when shareholders must be on the company’s books to qualify for the upcoming dividend, providing visibility to investors and indicating progress toward the planned distribution of 2025 earnings, though the specific dividend amount was not disclosed in the filing.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On February 5, 2026, Shinhan Financial Group announced that, following a January 21, 2025 amendment to Korea’s Financial Investment Services and Capital Markets Act allowing boards to set profit-dividend record dates, its board has pre-determined the record dates for the first three quarterly cash dividends of fiscal 2026 to improve dividend visibility for investors. For 2026, the group set record dates of April 30 for the first quarter, July 30 for the second quarter and November 3 for the third quarter, with corresponding expected payment dates of May 29, August 28 and November 27, respectively, while confirming that the actual dividend amounts will be decided at board meetings held prior to each record date and that the payment dates may be adjusted in consultation with relevant institutions, underscoring a more structured and predictable dividend policy for shareholders.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On February 5, 2026, Shinhan Financial Group’s board approved a new trust agreement to repurchase up to 5,537,098 common shares on the Korea Exchange for an estimated KRW 500 billion, based on a reference price of KRW 90,300 per share. The buyback is scheduled to run from February 9 to July 10, 2026, with the explicit purpose of cancelling the acquired shares, signalling an intention to enhance capital efficiency and shareholder value. As of February 5, 2026, the group held 10,840,573 treasury shares previously acquired within distributable profits—largely via a 2025 trust contract that is slated for retirement on February 6, 2026—plus a small number of fractional shares from past stock exchange transactions. The new program sits well within legal limits on treasury stock acquisitions under Korean law, leaving substantial remaining headroom under profits available for dividends and underlining the group’s ongoing use of active capital management, which is likely to be closely watched by investors focused on payout and capital return policies.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On February 5, 2026, Shinhan Financial Group’s board of directors approved the cancellation of treasury shares to be acquired under a previously announced buyback, targeting an estimated KRW 500 billion of common stock. The plan envisages purchasing approximately 5.54 million common shares on the Korea Exchange between February 9 and July 10, 2026, funded within profits available for dividends under the Korean Commercial Code, which will reduce the total number of shares outstanding without altering the company’s stated capital, potentially enhancing per-share metrics and signaling continued focus on shareholder returns; the actual number of shares to be cancelled will depend on market prices, and the specific cancellation date will be set and disclosed after the buyback is completed.
The most recent analyst rating on (SHG) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On January 30, 2026, Shinhan Financial Group Co., Ltd. announced the termination of a trust agreement originally entered into on July 31, 2025 for the acquisition of its own shares. The agreement, concluded with NH Investment & Securities and totaling KRW 800 billion before termination, expired in line with the original contract term, and therefore did not require a separate board resolution under Korean capital markets regulations. Upon termination, a total of 10,840,573 common treasury shares, representing 2.23% of Shinhan’s issued shares and acquired from profits available for dividend, are being held directly in the group’s corporate account, with trust property returned in the form of cash and treasury shares. This move consolidates ownership of the repurchased shares on Shinhan’s balance sheet and may provide the group with greater flexibility for future capital management or shareholder-return initiatives.
The most recent analyst rating on (SHG) stock is a Hold with a $62.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
Shinhan Financial Group Co., Ltd., a leading South Korean financial services holding company active in banking, securities, insurance and asset management, serves both retail and corporate clients in Korea and increasingly targets international investors through multilingual disclosures.
On January 21, 2026, Shinhan Financial Group announced it will hold its FY2025 earnings release conference on February 5, 2026, at 14:00 Seoul time, via live internet streaming in both Korean and English with a Q&A session open to investors. The group also declared a blackout period for insider trading and related activities from January 22 to February 5, 2026, underscoring its adherence to disclosure and governance standards as it prepares to present detailed FY2025 business results and engage directly with stakeholders through the webcast and accompanying presentation materials posted on its website and YouTube channel.
The most recent analyst rating on (SHG) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On January 21, 2026, Shinhan Financial Group disclosed that Korea’s National Pension Service (NPS), its largest shareholder, modestly reduced its stake based on the shareholder registry as of December 31, 2025. NPS’s holdings fell from 44,159,384 common shares (9.10% as of November 4, 2025) to 43,846,070 shares (9.03%), marking a slight decrease in ownership that leaves the pension fund still firmly in a major shareholder position and signals only a minor shift in Shinhan’s ownership structure rather than a fundamental change in control or governance dynamics.
The most recent analyst rating on (SHG) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
On December 30, 2025, Shinhan Financial Group announced a change in its external auditor, signaling an adjustment to its financial reporting and oversight arrangements. The group will replace Samjong KPMG, which served as its external auditor for fiscal years 2023 to 2025, with Samil PricewaterhouseCoopers for fiscal years 2026 through 2028, a move that may influence its audit approach and governance framework over the next three years.
The most recent analyst rating on (SHG) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
Shinhan Financial Group has announced that shareholders registered as of December 31, 2025, will be eligible to exercise their voting rights at the Annual General Meeting of Shareholders for the fiscal year 2025. This announcement is significant as it sets the record date for shareholders to participate in the decision-making process of the company, potentially impacting its governance and future strategic directions.
The most recent analyst rating on (SHG) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
Shinhan Financial Group announced an amendment to its Articles of Incorporation, allowing the Board of Directors to set the record date for dividends, aligning with global standards. This change was approved at the Annual General Meeting on March 23, 2023. For fiscal year 2025, the year-end dividend record date will be set after mid-February 2026, impacting shareholders’ eligibility for dividends. This strategic move may enhance operational flexibility and align shareholder interests with global practices.
The most recent analyst rating on (SHG) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.