The company reported net income of $9.3 billion ($3.04 per share) for Q4 2023, compared with $11.0 billion ($3.57 per share) a year earlier. The company said that excluding the $2.9 billion FDIC special assessment and $743 million in net investment securities losses, net income was $12.1 billion ($3.97 per share).

1. 01

   The company reported net income of $9.3 billion ($3.04 per share) for Q4 2023, compared with $11.0 billion ($3.57 per share) a year earlier. The company said that excluding the $2.9 billion FDIC special assessment and $743 million in net investment securities losses, net income was $12.1 billion ($3.97 per share).

2. 02

   The company said managed net revenue for Q4 was $39.9 billion, up 12% from a year earlier, and net interest income (NII) was $24.2 billion. Noninterest expense was $24.5 billion, up 29%, and the company cited the FDIC special assessment and higher compensation as factors.

3. 03

   The company said its provision for credit losses for Q4 was $2.8 billion, reflecting net charge-offs of $2.2 billion and a net reserve build of $598 million. It said the provision a year earlier was $2.3 billion.

4. 04

   The company said its Basel III Standardized ratio was 15.0% and that it paid a common dividend of $3.1 billion ($1.05 per share) in Q4, with net common stock repurchases of $2.0 billion. It said book value per share was $104.45, up 16%.

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

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