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Woori Finance Holdings Co (WF)
NYSE:WF
Holding WF?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.15Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jul 27, 2020
|% Change Since: -11.29%
|Next Earnings Date:Apr 27, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Positive highlights included significant net income growth, strong asset and noninterest income growth, and a stable cost management strategy. However, challenges such as a decline in net interest margin, increased credit costs, and slow growth in core deposits were noted. Despite these challenges, the company showed resilience in maintaining profitability and shareholder returns.Company Guidance
During the Woori Financial Group Q3 2024 earnings call, the company provided detailed guidance on various financial metrics. The group's cumulative net income increased by 9.1% year-on-year, reaching KRW 2,659.1 billion, while the Q3 net income was KRW 903.6 billion. The group maintained a return on equity (ROE) of 10.82% and a cost-to-income ratio below 40% for the second consecutive quarter. The net operating revenue grew by 6.6% year-on-year to KRW 7,992.7 billion. Credit costs totaled KRW 1,254.6 billion, with a credit cost ratio of 0.44%, and the non-performing loan (NPL) ratio stood at 0.55% for the group. The CET1 ratio was projected to remain around 12%, with plans to increase it to 12.5% by early 2025. The group also declared a cash dividend of KRW 181 per share, emphasizing its commitment to shareholder returns and capital management.Significant Net Income Growth
Financial cumulative net income increased by 9.1% year-on-year, reaching KRW 2659.1 billion, surpassing last year's total annual performance by approximately KRW 150 billion in just 3 quarters.
Stable Cost Management
The group's cost-to-income ratio remained below 40% for the second consecutive quarter, demonstrating strong cost control.
Robust Asset Growth
Total loans increased by 5% from end of June, with corporate loans up 4.3% and household loans up 6.2% for Q3, driven by strong demand for mortgages.
Noninterest Income Surge
Noninterest income up to Q3 was KRW 1378.1 billion, a 53.2% year-on-year increase, driven by favorable market conditions and significant profit growth from marketable securities.
Dividend Declaration
The Board approved a cash dividend of KRW 181 per share, aligning with market expectations.
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WF 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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WF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $36.22 | $36.79 | +1.57% |
| Jul 25, 2024 | $31.75 | $32.66 | +2.87% |
| Apr 26, 2024 | $30.56 | $31.05 | +1.60% |
| Feb 06, 2024 | $32.11 | $30.27 | -5.73% |
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 Woori Finance Holdings Co (WF) report earnings?
Woori Finance Holdings Co (WF) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Woori Finance Holdings Co (WF) earnings time?
Woori Finance Holdings Co (WF) earnings time is at Feb 05, 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 WF EPS forecast?
WF EPS forecast for the fiscal quarter 2024 (Q4) is 1.15.
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