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

Shinhan Financial — Q2 2025 Earnings Presentation

32 slides from Shinhan Financial's earnings presentation, Jul 25, 2025

  1. Slide 1: Business Results 2Q 2025

    Business Results 2Q 2025 @ Shinhan Financial Group Creative

  2. Slide 2: 2Q25 Highlight

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix CET1 Ratio (Preliminary) DPS 2Q25 Net Income / EPS 13.59% (+32bp QoQ) KRW 570 (Record Date: August 1 ) st 1.55 Wtn / KRW 12,463 RWA Share Buyback for FY2025 ROE / ROTCE (1H25) 340.6 Wtn (Δ1.2% QoQ) 1.25 Wtn (600 Wbn for 2H25) 11.4% / 12.9% 

  3. Slide 3: Balance Sheet ① Capital

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Balance Sheet_ ① Capital (Wbn) 2025.06 2024.12 2025.03 YTD YTD % QoQ QoQ % (%, %p) CET1 Ratio Risk Weighted Assets 340,595.0 341,378.8 -783.8 -0.2% 344,659.1 -4,064.2 -1.2%  Increase  Decrease  Total Shareholder Return Total Equity 55,180

  4. Slide 4: Balance Sheet ② Assets and Liabilities

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Balance Sheet_ ② Assets and Liabilities (Wbn) 2025.06 2024.12 2025.03 YTD YTD% QoQ QoQ % (Wtn) Group Total Assets Group Total Assets 752,691.5 739,764.3 12,927.2 1.7% 746,222.3 6,469.1 0.9%  Securities*  Loans  Others +0.9% +0.9% Loans 44

  5. Slide 5: Profit and Loss ① Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Profit and Loss _ ① Income (Wbn) 1H25 1H24 2Q25 1Q25 YoY YoY % QoQ QoQ % (Wbn) Operating Income before Expenses / Net Income Operating Income before Expenses 7,923.2 7,752.3 170.9 2.2% 4,129.0 3,794.2 334.8 8.8%  Operating Income before Exp

  6. Slide 6: Profit and Loss ② Interest Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Profit and Loss_ ② Interest Income (Wbn) 1H25 1H24 2Q25 1Q25 YoY YoY % QoQ QoQ % (Wbn) Interest Revenue 14,035.1 14,435.5 -400.3 -2.8% 6,967.2 7,067.9 -100.7 -1.4% Interest Income  Bank  Non-bank Loans 10,772.3 11,153.0 -380.7 -3.4% 5,335.

  7. Slide 7: Profit and Loss ③ Non-interest Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Profit and Loss _ ③ Non-interest Income (Wbn) 1H25 1H24 2Q25 1Q25 YoY YoY % QoQ QoQ % (Wbn, %) Non-interest Income Non-interest Income 2,204.4 2,114.6 89.8 4.2% 1,265.0 939.3 325.7 34.7%  Fees & Commission  Securities & FX/Derivatives-rela

  8. Slide 8: Profit and Loss ④ G&A Expenses and Credit Costs

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Profit and Loss _ ④ G&A Expenses and Credit Costs (Wbn) 1H25 1H24 2Q25 1Q25 YoY YoY % QoQ QoQ % (Wbn, %) G&A / CIR G&A Expenses 2,900.1 2,843.9 56.2 2.0% 1,486.1 1,414.0 72.1 5.1%  G&A Expenses (Group)  CIR (Group) * 45.2 45.3 43.9 41.4 41

  9. Slide 9: Note: Asset Quality

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Note_ Asset Quality (Wbn) 2025.06 2024.12 2025.03 YTD YTD % QoQ QoQ % (Wbn, %) NPL Coverage Ratio Total Loans (Group)* 428,781.5 427,482.5 1,299.0 0.30% 427,464.3 1,317.2 0.31%  NPL Coverage Ratio  Total Substandard & Below Loans  Loan Lo

  10. Slide 10: Note: Loss Absorption Capacity and Write-off/Disposition Status

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Note_ Loss Absorption Capacity and Write-off/Disposition Status (Wbn, %) 2020.12 2021.12 2022.12 2023.12 2024.03 2024.06 2024.09 2024.12 2025.03 2025.06 Group Total Loans 340,971.2 374,557.0 392,401.5 392,611.2 403,772.2 416,108.4 425,534.4

  11. Slide 11: Profit and Loss ⑤ Net Income by Subsidiaries and Overseas Business

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Profit and Loss _ ⑤ Net Income by Subsidiaries and Overseas Business* (Wbn) 1H25 1H24 2Q25 1Q25 YoY YoY % QoQ QoQ % (Wbn,%) Net Income by Business Unit** Bank 2,274.9 2,059.6 215.2 10.4% 1,143.9 1,131.0 12.9 1.1%  Bank  Consumer Finance 

  12. Slide 12: Digital / SDGs ① Digital, Digital to Value

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Digital / SDGs_ ① Digital, Digital to Value (Wbn) SFG Gross MAU 1 (in thousand persons) Financial Contribution  Finance Platform  Non-finance platform Digital Operating Profit before Expenses 2 Digital Cost Efficiency3 27,240 27,500 1,147

  13. Slide 13: Digital / SDGs ② SDGs Initiatives

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Digital / SDGs _ ② SDGs Initiatives CO2 Emissions Green Finance (Wtn) Inclusive Finance (Wtn) Scope 1+2 Emissions  Target  Emissions  Green Finance (New)  Green Finance (cumulative)  Inclusive Finance (New) (thousand tCO2eq) 101.2 100.1

  14. Slide 14: Digital / SDGs ② SDGs Initiatives

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Digital / SDGs _ ② SDGs Initiatives ① Bring-up & Value-up ② Find-up & Value-up  New (Wbn)  Cumulative Facilitated credit score improvement and interest rate Enhancing customer asset value by identifying and guiding untapped reduction for m

  15. Slide 15: Enhancing ROE·ROTCE Based on Stable CET1 Ratio

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix ①_ Enhancing ROE·ROTCE Based on Stable CET1 Ratio (Wtn) (Wtn) (Wtn) ROE * Group ROTCE * CET1 Ratio *  Common Equity(Avg.)  Common Net Income  ROE  Common Equity(Avg., excluding intangible assets)  RWA  CET1 Capital  CET1 Ratio  Commo

  16. Slide 16: Accelerating Shareholder Returns

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix ②_ Accelerating Shareholder Returns Shareholder Return Policy Shareholder Return Trend (Wbn)  Cash Dividend  Share Buyback  Shareholder Return Rate Consistent Policy 40.2% • Continuous enhancement • Simultaneous cash dividends and 36.0% o

  17. Slide 17: Improving TBPS by reducing number of shares

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix ③_ Improving TBPS by reducing number of shares (Thousand Shares) (KRW) Share Buyback and Cancellations TBPS  Shares Outstanding  Number of Treasury Shares Acquired  TBPS (BPS) * Target +7,453 +5,422 130,000 +7,278 (+8.0%) (+5.4%) (+8.5%)

  18. Slide 18: Key takeaways 2025 Plan

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Key takeaways _ 2025 Plan Committed to the full-scale execution of our 'Value-Up Plan’ based on robust fundamental capabilities to boost ROE and swift implementation of shareholder return measures ROE Shareholder Return Ratio Total Shares CE

  19. Slide 19: Appendix

    Appendix

  20. Slide 20: Appendix ① Financial Highlights by Subsidiaries

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ① Financial Highlights by Subsidiaries (Wbn) Ownership Total Assets Shareholder’s Equity Net Income* ROA ROE Bank 575,189.9 37,976.0 2,274.9 Shinhan Bank 100.0% 567,584.9 37,327.1 2,266.8 0.81% 12.28% Jeju bank 64.0% 7,605.0 648.9

  21. Slide 21: Appendix ② SFG Subsidiaries Asset

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ② SFG Subsidiaries Asset 2025.06 (Wbn) 2025.6 2024.12 2025.03 YTD YTD % QoQ QoQ % Weight % Bank 575,189.9 564,135.9 11,054.0 2.0% 571,124.0 4,066.0 0.7% 76.5% Shinhan Bank 567,584.9 556,691.2 10,893.8 2.0% 563,515.4 4,069.5 0.7% 75

  22. Slide 22: Appendix ③ Shinhan Bank Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ③ Shinhan Bank Income (Wbn) 1H25 1H24 2Q25 1Q25 2Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Income 5,138.4 4,785.9 352.4 7.4% 2,663.2 2,475.2 187.9 7.6% 2,380.6 282.6 11.9% Interest Income 4,465.2 4,379.8 85.4 1.9% 2,235.1 2,230.1

  23. Slide 23: Appendix ④ Shinhan Card Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ④ Shinhan Card Income (Wbn) 1H25 1H24 2Q25 1Q25 2Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Revenue 3,235.7 3,082.5 153.3 5.0% 1,760.3 1,475.4 284.9 19.3% 1,552.5 207.8 13.4% Card Business 1,634.9 1,613.7 21.2 1.3% 839.0 796.0 43.

  24. Slide 24: Appendix ⑤ Shinhan Securities Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ⑤ Shinhan Securities Income (Wbn) 1H25 1H24 2Q25 1Q25 2Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Revenue 835.3 776.4 58.9 7.6% 465.5 369.8 95.6 25.9% 459.7 5.8 1.3% Fee & Commission 416.6 394.2 22.3 5.7% 212.3 204.3 8.0 3.9% 203.

  25. Slide 25: Appendix ⑥ Shinhan Life Insurance Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ⑥ Shinhan Life Insurance Income (Wbn) 1H25 1H24 2Q25 1Q25 2Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % APE* 687.0 804.2 -117.2 -14.6% 329.4 357.6 -28.3 -7.9% 288.8 +40.6 +14.0% Protection 625.6 770.7 -145.1 -18.8% 292.5 333.1 -40.5 -12.2% 27

  26. Slide 26: Appendix ⑦ Shinhan Capital Income

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ⑦ Shinhan Capital Income (Wbn) 1H25 1H24 2Q25 1Q25 2Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Opearting Income before Expenses 199.1 250.3 -51.1 -20.4% 123.7 75.4 48.3 64.1% 122.6 1.2 0.9% Interest Income 234.7 283.8 -49.1 -17.3% 116.1 118

  27. Slide 27: Appendix ⑧ Shinhan Bank Loans & Deposits

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ⑧ Shinhan Bank Loans & Deposits 2025.06 (Wbn) 2025.06 2024.12 2025.03 YTD YTD % QoQ QoQ % Weight % Loans in KRW 322,827.0 320,223.3 2,603.7 0.8% 321,525.1 1,301.9 0.4% 100.0% Retail 142,128.1 139,473.9 2,654.2 1.9% 139,442.2 2,685.

  28. Slide 28: Appendix ⑨ Shinhan Bank Loans (Retail & Large Corporates)

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ⑨ Shinhan Bank Loans (Retail & Large Corporates) Delinquency Rate (Wbn) 2025.06 Weight % 2024.12 2025.03 YTD YTD % QoQ QoQ % 2024.6 2024.9 2024.12 2025.03 2025.06 Mortgage Loans 71,778.2 50.5% 71,503.0 275.2 0.4% 70,909.6 868.5 1.2

  29. Slide 29: Appendix ⑨ Shinhan Bank Loans (SME)

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ⑨ Shinhan Bank Loans (SME) Delinquency Ratio (Wbn) 2025.06 Weight % 2024.12 2025.03 YTD YTD % QoQ QoQ % 2024.6 2024.9 2024.12 2025.03 2025.06 SME Total 141,120.7 100.0% 140,618.1 502.6 0.4% 141,744.1 -623.4 -0.4% 0.36% 0.39% 0.37%

  30. Slide 30: Appendix ⑩ Shinhan Card Assets and Funding

    2Q25 Highlight B/S P&L Digital/SDGs Value-up Plan Appendix Appendix_ ⑩ Shinhan Card Assets and Funding 2025.06 (Wbn, %) 2025.6 2024.12 2025.03 YTD YTD % QoQ QoQ % Weight % Earning Assets 39,530.4 40,199.2 -668.7 -1.7% 39,612.6 -82.2 -0.2% 100.0% Credit Purchase 18,424.8 18,586.6 -161.8 -0.9% 18,231.

  31. Slide 31: 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

  32. Slide 32: Additional Notes

    Additional Notes Notes on ‘Digital, Digital to Value’ (p.12) 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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