The company said net income for Q1 2024 was $214.7 million, and diluted earnings per share were $0.96. In the prior quarter, net income was $113.1 million and earnings per share were $0.52. In the prior-year quarter, net income was $334.6 million and earnings per share were $1.51.

1. 01

   The company said net income for Q1 2024 was $214.7 million, and diluted earnings per share were $0.96. In the prior quarter, net income was $113.1 million and earnings per share were $0.52. In the prior-year quarter, net income was $334.6 million and earnings per share were $1.51.

2. 02

   The company said it sold available-for-sale debt securities in Q1 as part of a portfolio repositioning, recognizing a pre-tax loss of $189.4 million ($141.5 million after tax) in Investment Security Gains (Losses), net. The loss in the prior quarter was $176.4 million.

3. 03

   The company said Trust, Investment and Other Servicing Fees for Q1 rose to $1,142.9 million, up 5% from the prior quarter and 7% from the prior-year quarter. It cited favorable markets as the main driver of the increase.

4. 04

   The company said it returned about $285.4 million to common shareholders in Q1 through dividends and share repurchases. Of this, common dividends declared totaled $153.4 million, and it repurchased 1,647,526 shares for a total of $132.0 million ($80.11 average price 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

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