The company said net income available to common shareholders for 2Q24 was $477M, diluted earnings per share was $0.52, and the efficiency ratio was 57.6%.

8-KRegulation FD DisclosureFiled Aug 19, 2024Period of report Aug 19, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said net income available to common shareholders for 2Q24 was $477M, diluted earnings per share was $0.52, and the efficiency ratio was 57.6%.
The company said NII for 2Q24 was +$2M versus 1Q24, and NIM was -4 basis points, at 3.51%. It said NII for 2024 is expected to be at the upper end of the $4.7 to $4.8B range, and NIM is expected to be in the low 3.50% range.
The company said it sold a total of $3.19B of securities across three repositioning transactions in 2024, realizing a loss of $150M. It said that in 2Q24 it sold $980M and realized a loss of $50M.
The company said noninterest income was $576M in 2Q23, $613M in 1Q24, and $595M in 2Q24. It said adjusted noninterest income for 2024 is expected to be at the upper end of the $2.3 to $2.4B range.

Summary

AI-written

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

2Q24 Net Income, EPS and Efficiency Ratio

The company said net income available to common shareholders for 2Q24 was $477M, diluted earnings per share was $0.52, and the efficiency ratio was 57.6%.

Source · Based on the filing body and exhibits

NII and NIM Trends and 2024 NII Outlook

The company said NII for 2Q24 was +$2M versus 1Q24, and NIM was -4 basis points, at 3.51%. It said NII for 2024 is expected to be at the upper end of the $4.7 to $4.8B range, and NIM is expected to be in the low 3.50% range.

Source · Based on the filing body and exhibits

Securities Repositioning Activity

The company said it sold a total of $3.19B of securities across three repositioning transactions in 2024, realizing a loss of $150M. It said that in 2Q24 it sold $980M and realized a loss of $50M.

Source · Based on the filing body and exhibits

2Q24 Noninterest Income Changes and Full-Year Outlook

The company said noninterest income was $576M in 2Q23, $613M in 1Q24, and $595M in 2Q24. It said adjusted noninterest income for 2024 is expected to be at the upper end of the $2.3 to $2.4B range.

Source · Based on the filing body and exhibits

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.

View the original filing on SEC EDGAR ↗

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