The company said it reported net income of $334 million and underlying net income of $395 million for Q1 2024. For 4Q23, the prior quarter, the figures were $189 million and $426 million, respectively.

1. 01

   The company said it reported net income of $334 million and underlying net income of $395 million for Q1 2024. For 4Q23, the prior quarter, the figures were $189 million and $426 million, respectively.

2. 02

   The company said net interest income for Q1 was $1,442 million, down 3% from the prior quarter, and net interest margin on an FTE basis was 2.91%, unchanged from the prior quarter.

3. 03

   The company said notable items for Q1 totaled $82 million pre-tax, or $0.14 per share, of which the FDIC special assessment was $35 million pre-tax.

4. 04

   The company said it repurchased $300 million of common stock and paid $197 million in dividends during Q1, with its CET1 ratio at 10.6% as of March 31, 2024. It also declared a quarterly dividend of $0.42 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.