KB Earnings Prediction
The chart below shows how KB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KB sees a -2.60% change in stock price 10 days leading up to the earnings, and a +2.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
KB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.74B
10.92%
-2.57%
Gross Margin
--
--
--
Operating Margin
46.59%
5.57%
6.37%
Net Margin
31.54%
4.02%
-3.07%
EPS
3.02
17.51%
-5.33%
No Data Available
KB Earnings Analysis
KB Financial Group Inc Corporation (KB.N) Earnings Conference Call
Positive
Cumulative Net Profit Growth: The group's Q3 2024 cumulative net profit was KRW 4.3953 trillion, up 0.4% year-over-year.
Other Operating Profit Surge: In Q3, other operating profit reported KRW 398.7 billion, up 23.4% Q-over-Q, driven by significant expansion in returns from security and derivatives.
Credit Cost Improvement: The group's cumulative credit cost in Q3 recorded an improvement of 11 basis points year-over-year, coming in at 0.41%.
Cumulative ROE Performance: The group's Q3 cumulative ROE was 11.26%, coming in above the target ROE of 10%.
CET1 Ratio Stability: The CET1 ratio reported 13.85% as of the end of September, maintaining the industry's top level of capital buffer.
Negative
Q3 Net Profit Decline: Net profit in Q3 reported at KRW 1.614 trillion, down on a Q-over-Q basis, primarily due to the base effect of sizable provisioning last quarter for ELS compensation.
Net Interest Income Decline: Net interest income in Q3 was KRW 3.165 trillion, down 1.3% Q-over-Q due to interest rate cuts and a decline in yields from loan assets.
PCL Decrease in Q3: Third quarter PCL was KRW 498.1 billion, down 9.9% Q-over-Q, mainly due to lessened burden for provisioning at non-bank subsidiaries.
Non-Operating Profit Decline: Non-operating profit in Q3 recorded a decline of KRW 140 billion Q-over-Q due to the base effect of last quarter's sizable provisioning for ELS compensation cost.
ROE Performance Challenges: Q3 cumulative group ROE was 11.26%, which, while above the target ROE of 10%, indicates challenges in maintaining growth amidst upcoming rate cuts.
KB FAQs
How does KB typically perform around its earnings report dates?
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KB Earning Call Sentiment
KB Financial Group Inc. (KB) Q3 2024 Earnings Call Transcript
KB.N
-1.29%Positive
The earnings call reveals strong shareholder returns, a robust CET1 ratio, and improved credit costs, despite economic challenges. Share buybacks and dividends are substantial, and profitability remains strong with a high ROE. However, supply chain challenges and economic factors pose risks. The Q&A section shows some unclear management responses but no major negative sentiment from analysts. Overall, the positive aspects such as shareholder returns and financial health outweigh the concerns, suggesting a positive stock price movement.
