Shinhan 3Q2026 Net Income KRW 1.61T, Down 12.8% QoQ but Up 10.9% YoY
SHG sits 29% above its 52-week low of $50.85.
Summary
Shinhan reported preliminary 3Q2026 net income of KRW 1.61 trillion, down 12.8% from 2Q but up 10.9% year-over-year, with cumulative profit up 12.3%. Insurance and card units weakened while the bank grew.
Key Events · Earnings and Guidance · SHG
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3Q2026 Net Income KRW 1.61 Trillion
Group net income of KRW 1,609,753 million fell 12.83% from 2Q2026's KRW 1,846,651 million but rose 10.85% from KRW 1,452,190 million in 3Q2025.
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Cumulative Profit Up 12.3% YoY
Nine-month net income reached KRW 5,105,552 million versus KRW 4,546,470 million a year earlier; operating income of KRW 6,537,755 million was up 10.56%.
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Insurance and Card Units Weaken
Shinhan Life net income fell 24.34% YoY to KRW 128,751 million and group operating income slipped 2.44% YoY, while Shinhan Card net income jumped 72.83% YoY to KRW 231,809 million.
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Bank Subsidiary Holds Up
Shinhan Bank posted 3Q2026 net income of KRW 1,225,635 million, up 12.50% from KRW 1,089,405 million a year earlier, with cumulative net income up 9.78%.
Analysis · SHG · Finance
Quarterly profit fell sharply from a strong second quarter, but the year-over-year direction is still positive: cumulative net income of KRW 5.11 trillion is up 12.3% from the same period in 2025. The weakness is concentrated in the insurance and card units — Shinhan Life net income dropped 24.3% YoY and group operating income fell 2.4% YoY — while Shinhan Bank held up with 12.5% YoY net income growth. These are preliminary, unaudited figures under K-IFRS and may change on auditor review. The results land alongside the pending KRW 693.3 billion acquisition of a 77.04% stake in Lotte Non-Life Insurance approved on 2026-10-13, and follow the October 1 cybersecurity incident disclosure at Shinhan Bank.
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In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SHG was trading at $65.51 on NYSE in the Finance sector, with a market capitalization of approximately $29.4B. The 52-week trading range was $50.85 to $85.57. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.