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Kb Financial Group (KB)
NYSE:KB
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.25Last Year’s EPS
$0.51Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -15.80%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic initiatives for value enhancement and strong capital management, but faced challenges with interest income and net profit declines in Q3. The sentiment leans towards a strategic focus on maintaining high shareholder returns and asset quality, despite short-term financial pressures.Company Guidance
During the Q3 2024 earnings call for KB Financial Group, key guidance metrics were discussed, highlighting the company's commitment to shareholder value and financial strength. KB's CET1 ratio was a focal point, with a reported increase to 13.85% as of September 2024, reflecting a 25 basis point rise quarter-over-quarter. The group announced a quarterly cash dividend of KRW 795 per share and an additional share buyback and cancellation of KRW 100 billion, bringing the total planned buyback and cancellation for the year to KRW 820 billion. This aligns with their strategy to maintain a CET1 ratio of mid-13% and return surplus capital to shareholders. The group's cumulative net profit for Q3 2024 was KRW 4.3953 trillion, up 0.4% year-over-year, while the net interest income stood at KRW 3.165 trillion, down 1.3% quarter-over-quarter. Additionally, the group's credit cost ratio was reported at 0.41%, with a robust capital adequacy reflected in a BIS ratio of 16.75%. The company emphasized its focus on sustainability and predictability in shareholder returns, linking them to the CET1 ratio and aiming for qualitative growth beyond mere quantitative expansion.Sustainable Value-Up Plan
KB Financial Group introduced a Sustainable Value-Up Plan, emphasizing asset quality, profitability, and shareholder returns, with a focus on linking returns to CET1 ratio.
Record Shareholder Returns
The 2023 total shareholder return ratio grew to 37.7%, and additional share buyback and cancellation of KRW 100 billion was approved, totaling KRW 820 billion for 2024.
Strong Capital Adequacy
Group CET1 ratio reported at 13.85% as of September 2024, maintaining industry-leading capital buffer.
Net Profit Growth
Group's Q3 2024 cumulative net profit was KRW 4.3953 trillion, up 0.4% year-over-year, despite economic headwinds.
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KB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $67.58 | $66.96 | -0.92% |
| Jul 23, 2024 | $60.83 | $62.65 | +2.99% |
| Apr 25, 2024 | $49.67 | $50.15 | +0.97% |
| Feb 07, 2024 | $47.28 | $49.33 | +4.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kb Financial Group (KB) report earnings?
Kb Financial Group (KB) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Kb Financial Group (KB) earnings time?
Kb Financial Group (KB) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KB EPS forecast?
KB EPS forecast for the fiscal quarter 2024 (Q4) is $1.25.
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