Woori Financial Group posts Q3 2026 net income above KRW 1 trillion amid margin pressure
Woori Financial Group reported third‑quarter 2026 net income of KRW 1.0492 trillion, a 4.4% rise from the prior quarter and the second straight quarter above the KRW 1 trillion mark. The group posted a CET1 ratio of 13.8% and approved a dividend of KRW 221 per share. Operating profit grew year‑over‑year, but the bank’s net interest margin fell 7 basis points to 1.43% as funding costs rose.
Why it matters
The dividend approval and strong net‑income level signal continued shareholder returns, while the NIM compression highlights margin risk that could affect future earnings. Investors will watch whether the group can sustain earnings growth as funding costs remain elevated.
Key facts
- 1Q3 2026 net income was KRW 1.0492 trillion, up 4.4% quarter‑over‑quarter. finance.yahoo.com
- 2CET1 capital ratio improved to 13.8% as of September 2026. finance.yahoo.com
- 3The board approved a cash dividend of KRW 221 per share, payable on 30 November 2026. finance.yahoo.com
- 4Bank‑wide net interest margin declined 7 basis points quarter‑over‑quarter to 1.43%. finance.yahoo.com
- 5Non‑interest income grew 18.8% year‑over‑year to KRW 1.898 trillion for the nine‑month period. finance.yahoo.com
- 6Credit costs fell 28.5% quarter‑over‑quarter, with the YTD credit‑cost ratio at 42 basis points. finance.yahoo.com
Open questions
- Operating income for the nine‑month period is reported as KRW 3.543 trillion (19.5% YoY) in materials 1 and 3, but KRW 3.11 trillion (8.3% YoY) in material 2.
- Year‑to‑date net income is given as KRW 2.658 trillion and KRW 2.40 trillion.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.