Overview
- Woori Financial posted 1.24 trillion won in third-quarter net profit, up 37.6% year on year, largely from incorporating an insurance unit, topping the 990.8 billion won analyst estimate.
- Despite the headline gain, Woori’s operating profit fell 16.1% to 987.7 billion won, while cumulative January–September net profit reached a record 2.79 trillion won.
- KB Financial reported third-quarter net profit of 1.65 trillion won, up 3.3% from a year earlier and above the 1.56 trillion won consensus from Yonhap Infomax.
- KB’s net interest income rose 4.7% to 3.34 trillion won as non‑interest income fell 23.4% to 1.02 trillion won, with operating profit down 1.3% to 2.33 trillion won.
- Both groups said nine‑month net profits set all‑time highs, with KB at 5.12 trillion won and Woori at 2.79 trillion won, underscoring strong overall earnings through September.