Shinhan Financial Group Co., Ltd. · KRX:055550

Shinhan Financial — Q1 2026 Earnings Presentation

31 slides from Shinhan Financial's earnings presentation, Apr 23, 2026

  1. Slide 1: Business Results 1Q 2026

    Business Results 1Q 2026 @ Shinhan Financial Group Creative

  2. Slide 2: Shinhan Value-Up Triple Plus As-Is vs To-Be

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Shinhan Value-Up Triple Plus As-Is vs To-Be + 50% + 13% + 2

  3. Slide 3: Shinhan Value-Up Triple Plus Key Takeaways

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Shinhan Value-Up Triple Plus Key Takeaways Shinhan will pursue projectable and sustainable shareholder returns, alongside swift efforts to strengthen its fundamental profitability(ROE) Swift Improvement of Stable Projectable & Sust

  4. Slide 4: Capital, Dividend and Net Income Highlights

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix CET1 Ratio (Preliminary) Quarterly DPS 1Q26 Net Income 13.19% (Δ16bp YTD) KRW 740 (Record Date : 30 April) 1,622.6Wbn RWA Share Buyback 1Q26 ROE / ROTCE * 365.0Wtn (+3.4% YTD) 404.3Wbn (1H26 KRW 700bn) 11.9% / 13.4%  As of end-1Q

  5. Slide 5: Reference: Shinhan Valuation Index

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Reference_ Shinhan Valuation Index Circulating Shares and EPS / BPS* (1,000 Shares, KRW) Shareholder Return Trend (Wbn)  Circulating Shares  Share Buyback  EPS  BPS  Cash Dividend  Share Buyback  Shareholder Return Ratio 50.

  6. Slide 6: Balance Sheet ① Capital

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Balance Sheet_ ① Capital (Wbn) 2026.03 2025.12 YTD YTD % (%, %p) CET 1 Ratio Risk Weighted Assets 365,001.9 352,907.6 12,094.3 3.4%  Increase  Decrease  Total Shareholders Credit RWA 309,006.7 296,945.5 +12,061.2 4.1% +0.46 Δ0.4

  7. Slide 7: Balance Sheet ② Assets and Liabilities

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Balance Sheet_ ② Assets and Liabilities (Wbn) 2026.03 2025.12 YTD YTD % (Wtn) Group Securities Portfolio Details Group Total Assets 816,711.8 786,013.5 30,698.4 3.9%  Bonds  Non-marketable  Listed Stocks and Others Loans 479,672

  8. Slide 8: Profit and Loss ① Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss_ ① Income (Wbn) 1Q26 1Q25 1Q26 4Q25 YoY YoY % QoQ QoQ % Operating Income before Expenses / Net Income (Wbn) Operating Income  Operating Income before Expenses  Net Income before Expenses 4,212.4 3,794.2 418.2 11.0

  9. Slide 9: Profit and Loss ② Interest Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss_ ② Interest Income (Wbn) 1Q26 1Q25 1Q26 4Q25 YoY YoY % QoQ QoQ % (Wbn) Interest Revenue 7,072.1 7,067.9 4.2 0.1% 7,072.1 7,051.0 21.2 0.3% Interest Income  Bank  Non-bank Loans 5,323.9 5,436.9 Δ113.0 Δ2.1% 5,323.9

  10. Slide 10: Profit and Loss ③ Non-interest Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss_ ③ Non-interest Income (Wbn) 1Q26 1Q25 1Q26 4Q25 YoY YoY % QoQ QoQ % (Wbn, %) Non-interest Income Non-interest Income 1,188.2 939.3 248.9 26.5% 1,188.2 574.9 613.3 106.7%  Fees & Commission  Securities & FX/Deriva

  11. Slide 11: Profit and Loss ④ G&A Expenses and Credit Costs

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss_ ④ G&A Expenses and Credit Costs (Wbn) 1Q26 1Q25 1Q26 4Q25 YoY YoY % QoQ QoQ % (Wbn, %) G&A / CIR G&A Expenses 1,545.4 1,414.0 131.4 9.3% 1,545.4 1,984.2 Δ438.8 Δ22.1%  G&A Expenses (Group)  CIR (Group) * 45.3 Sal

  12. Slide 12: Note: Asset Quality

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Note_ Asset Quality (Wbn) 2026.03 2025.12 YTD YTD % (Wbn, %) NPL Coverage Ratio Total Loans (Group)* 454,177.9 445,098.6 9,079.3 2.0%  NPL Coverage Ratio  Total Substandard & Below Loans  Loan Loss Allowance Normal 446,779.5 438

  13. Slide 13: Note: Loss Absorption Capacity and Write-off Status

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Note_ Loss Absorption Capacity and Write-off/Disposition Status (Wbn, %) 2023.12 2024.03 2024.06 2024.09 2024.12 2025.03 2025.06 2025.09 2025.12 2026.03 Group Total Loans 392,611.2 403,772.2 416,108.4 425,534.4 427,482.5 427,467.3

  14. Slide 14: Profit and Loss ⑤ Net Income by Subsidiaries

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss _ ⑤ Net Income by Subsidiaries (Wbn) 1Q26 1Q25 1Q26 4Q25 YoY YoY % QoQ QoQ % (Wbn,%) Net Income by Business Unit** Bank 1,161.3 1,131.0 30.4 2.7% 1,161.3 420.4 741.0 176.3%  Bank  Capital Markets  Consumer Financ

  15. Slide 15: Profit and Loss ⑥ Overseas Business Net Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss _ ⑥ Overseas Business Net Income (Wbn) 1Q26 1Q25 1Q26 4Q25 YoY YoY % QoQ QoQ % (Wbn,%) Overseas Business Overseas Total NI 221.9 211.6 10.3 4.9% 221.9 174.0 47.9 27.5%  Vietnam  Japan  Overseas Total  Contributi

  16. Slide 16: Digital / SDGs ① Digital, Digital to Value

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Digital / SDGs_ ① Digital, Digital to Value (Wbn) SFG Gross MAU 1 (thousands) Financial Contribution  Finance Platform  Non-finance platform  Digital Operating Profit before Expenses 2  Digital Cost Efficiency3 2,858 733 2,732

  17. Slide 17: Digital / SDGs ② SDGs Initiatives

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Digital / SDGs _ ② SDGs Initiatives CO2 Emissions Green Finance Group-wide SDGs Internalization Activities  Emissions  Green Finance (New)  Green Finance (cumulative) (Wtn) Scope 1+2 Emissions Promotion of the 「SHINGREEN(Shinhan

  18. Slide 18: Appendix

    Appendix

  19. Slide 19: Appendix ① Financial Highlights by Subsidiaries

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ① Financial Highlights by Subsidiaries (Wbn) Ownership Total Assets Shareholder’s Equity Net Income* ROA ROE Bank (a) 625,222.2 38,394.8 1,161.3 Shinhan Bank 100.0% 616,860.9 37,752.7 1,157.1 0.77% 12.32% Jeju bank 64.0%

  20. Slide 20: Appendix ② SFG Subsidiaries Asset

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ② SFG Subsidiaries Asset 2026.03 (Wbn) 2026.03 2025.12 2025.12 YTD YTD % QoQ QoQ % Weight % Bank 625,222.2 604,987.2 20,235.0 3.3% 76.6% Shinhan Bank 616,860.9 596,967.3 19,893.6 3.3% 75.5% Jeju bank 8,361.3 8,019.9 341.4

  21. Slide 21: Appendix ③ Shinhan Bank Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ③ Shinhan Bank Income (Wbn) 1Q26 1Q25 1Q26 4Q25 1Q25 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Income 2,604.1 2,475.2 128.8 5.2% 2,604.1 2,406.6 197.4 8.2% Interest Income 2,403.5 2,230.1 173.4 7.8% 2,403.5 2,395.4 8.0 0.3%

  22. Slide 22: Appendix ④ Shinhan Card Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ④ Shinhan Card Income (Wbn) 1Q26 1Q25 1Q26 4Q25 1Q25 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Revenue 1,706.1 1,475.4 230.7 15.6% 1,706.1 1,378.3 327.8 23.8% Card Business 834.7 796.0 38.7 4.9% 834.7 833.8 1.0 0.1% Install

  23. Slide 23: Appendix ⑤ Shinhan Securities Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑤ Shinhan Securities Income (Wbn) 1Q26 1Q25 1Q26 4Q25 1Q25 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Revenue 701.5 368.9 332.6 90.2% 701.5 362.6 338.9 93.4% Fee & Commission 407.4 192.5 215.0 111.7% 407.4 276.1 131.3 47.6%

  24. Slide 24: Appendix ⑥ Shinhan Life Insurance Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑥ Shinhan Life Insurance Income (Wbn) 1Q26 1Q25 1Q26 4Q25 1Q25 YoY YoY % QoQ QoQ % Q/Q Q/Q % APE* 356.4 357.6 Δ1.3 Δ0.4% 356.4 481.1 Δ124.7 Δ25.9% Protection 297.8 333.1 Δ35.2 Δ10.6% 297.8 405.3 Δ107.4 Δ26.5% Savings, Ann

  25. Slide 25: Appendix ⑦ Shinhan Capital Income

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑦ Shinhan Capital Income (Wbn) 1Q26 1Q25 1Q26 4Q25 1Q25 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Income before Expenses 138.3 75.4 62.9 83.4% 138.3 140.5 Δ2.2 Δ1.5% Interest Income 112.5 118.6 Δ6.1 Δ5.2% 112.5 113.9 Δ1.5 Δ

  26. Slide 26: Appendix ⑧ Shinhan Bank Loans and Deposits

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑧ Shinhan Bank Loans & Deposits 2026.03 (Wbn) 2026.03 2025.12 2025.12 YTD YTD % QoQ QoQ % Weight % Loans in KRW 338,822.7 334,216.2 4,606.5 1.4% 100.0% Retail 145,467.5 146,410.6 Δ943.2 Δ0.6% 42.9% Mortgage 73,673.1 74,18

  27. Slide 27: Appendix ⑨ Shinhan Bank Loans (Retail & Large Corporates)

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑨ Shinhan Bank Loans (Retail & Large Corporates) Delinquency Rate (Wbn) 2026.03 Weight % 2025.12 2025.12 YTD YTD % QoQ QoQ % 2025.03 2025.06 2025.09 2025.12 2026.03 Mortgage Loans 73,673.1 50.6% 74,187.5 Δ514.3 Δ0.7% 0.22

  28. Slide 28: Appendix ⑨ Shinhan Bank Loans (SME)

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑨ Shinhan Bank Loans (SME) Delinquency Rate (Wbn) 2026.03 Weight % 2025.12 2025.12 YTD YTD % QoQ QoQ % 2025.03 2025.06 2025.09 2025.12 2026.03 SME Total 148,058.7 100.0% 145,107.8 2,950.9 2.0% 0.49% 0.46% 0.45% 0.42% 0.46

  29. Slide 29: Appendix ⑩ Shinhan Card Assets and Funding

    Shinhan Value-Up +++ 1Q 2026 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑩ Shinhan Card Assets and Funding 2026.03 (Wbn, %) 2026.03 2025.12 2025.12 YTD YTD % QoQ QoQ % Weight % Earning Assets 38,703.4 39,206.2 Δ502.8 Δ1.3% 100.0% Credit Purchase 18,702.6 18,907.5 Δ204.8 Δ1.1% 48.3% Cash Advanc

  30. Slide 30: Disclaimer

    Disclaimer The financial information contained herein has not been reviewed by independent auditors. Therefore, no assurance is given that the financial information is accurate or complete, and such financial information may differ from the financial information to be contained in our financial stat

  31. Slide 31: Additional Notes

    Additional Notes Notes on ‘Digital, Digital to Value’ (p.16) Note1) SFG Gross MAU’ is the sum of the MAU of Shinhan’s financial platforms and the MAU of Shinhan’s non-financial platforms. The MAU figures are based on managed data. * The MAU figures for financial platform represent the sum of MAUs of

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