Shinhan Financial Group reported second-quarter 2026 net income attributable to shareholders of KRW 1.820 trillion, up 12.2% quarter on quarter, taking first-half net income to KRW 3,442.7 billion, an increase of 13.3% on the same period a year earlier.
The Seoul-based group also disclosed a preliminary common equity tier 1 capital ratio of 13.43%, down from 13.59% a year earlier.
BALANCED GROWTH IN INTEREST AND FEE INCOME
Second-quarter interest income rose 9.4% year on year to KRW 3.13 trillion and non-interest income rose 14.6% to KRW 1.45 trillion, according to Korea JoongAng Daily. Among subsidiaries, Shinhan Bank's second-quarter net income rose 12.5% quarter on quarter to KRW 1.30 trillion, Shinhan Card's rose 19.5% to KRW 138.0 billion and Shinhan Life's rose 81.8% to KRW 187.5 billion.
Second-quarter net income attributable to shareholders of KRW 1.820 trillion compared with KRW 1.623 trillion in the first quarter and KRW 1.549 trillion a year earlier, a 17.5% year-on-year increase. First-half net income of KRW 3,442.7 billion is the aggregate of the two quarterly outturns.
Second-quarter net income beat market expectations by 7.9%, according to Korea JoongAng Daily. The group set consecutive quarterly profit records in the first and second quarters.
CET1 AT 13.43% ANCHORS CAPITAL POSITION
Risk-weighted assets rose 4.2% from the end of 2025 to about KRW 367 trillion.
Shinhan Financial Group is one of the largest financial services groups in South Korea, encompassing Shinhan Bank, Shinhan Card, Shinhan Securities and life insurance operations, among other subsidiaries.
Full investor presentation materials were published on the group's website alongside the preliminary results.
Bank news that matters, every weekday.
Follow The Global Banker on LinkedIn