Woori Financial Group Inc. (WF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is Han Hong-Sung, Head of IR at Woori Financial Group. Thank you for attending today's earnings call for Woori Financial Group despite your busy schedules. Joining us today on the call are Group CFO Kwak Sung-Min, Group CDO Ok Il-Jin, Group CRO Park Jang-Geun, and Head of Business Growth Support Yang Ki-Hyun. We will begin with the group CFO's presentation, which will be followed by a Q&A session. Please note that the session is being simultaneously interpreted for the benefit of overseas investors. With that, we will now hear from the CFO the earnings result presentation of URI Financial Group's first half 2026. Good afternoon, this is Kwak Seong-Min, Woori Financial Group CFO. Let me go over the group's earnings result for first half 2026. Please refer to page two of our earnings result material available on the website. First, the group's net income. Woori Financial Group's net income for Q2 2026 outperformed market expectations coming in at 1 trillion 4.6 billion won Up 66% QOQ. It has thus regained the quarterly net income of 1 trillion won level. This brings the half-year net income, YTD, to 1 trillion and 609 billion won, up 3.7% YOY. Our common equity ROE was 9.0%, excluding one of items, including the impact of changes in actual assumptions that are insurance subsidiaries. ROE was 10.3%. Our Q2 results demonstrate that the group has the foundation to take its recurring earnings capacity to the next level, potentially generating quarterly earnings of more than $1 trillion. This was driven by our strengthened capital position, which improved by 80 bps year-to-date, enabling us to focus on asset growth and productive finance, strengthening the core competitiveness of our subsidiaries, enhancing cost efficiency and risk management. The group...