The company reported fourth-quarter net income of $14.0 billion ($4.81 per share) for Q4 2024, compared with $9.3 billion ($3.04 per share) in Q4 2023. The company said it recorded full-year net income of $58.5 billion ($19.75 per share).

1. 01

   The company reported fourth-quarter net income of $14.0 billion ($4.81 per share) for Q4 2024, compared with $9.3 billion ($3.04 per share) in Q4 2023. The company said it recorded full-year net income of $58.5 billion ($19.75 per share).

2. 02

   The company said that, excluding significant items from full-year net income, net income was $54.0 billion ($18.22 per share). The significant items included a net gain on Visa shares of $7.9 billion, a donation of Visa shares of $1.0 billion, net investment securities losses of $546 million and an increase of $725 million to the FDIC special assessment.

3. 03

   The company said managed net revenue for Q4 was $43.7 billion, up 10% from a year earlier, and noninterest expense was $22.8 billion, down 7%. It said the prior-year Q4 included an FDIC special assessment of $2.9 billion.

4. 04

   The company said its provision for credit losses for Q4 was $2.6 billion, reflecting net charge-offs of $2.4 billion and a net reserve build of $267 million. It explained that the increase in net charge-offs of $200 million was driven primarily by Card Services.

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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