The company said it reported net income available to common shareholders of $1.1 billion, or $0.81 per diluted share, for Q1 2024. Adjusted net income available to common shareholders was $1.2 billion, or $0.90 per share.

1. 01

   The company said it reported net income available to common shareholders of $1.1 billion, or $0.81 per diluted share, for Q1 2024. Adjusted net income available to common shareholders was $1.2 billion, or $0.90 per share.

2. 02

   The company said taxable-equivalent net interest income for Q1 2024 fell $152 million (4.2%) from the prior quarter, and its net interest margin was 2.89%, down 7 basis points. Noninterest income rose $83 million (6.1%).

3. 03

   Noninterest expense for Q1 2024 decreased $6.6 billion from the prior quarter, and the company cited the goodwill impairment of $6.1 billion in the prior quarter among the factors. Adjusted noninterest expense rose 0.7% $20 million.

4. 04

   The company said its CET1 ratio as of March 31, 2024 was 10.1%, unchanged from December 31, 2023. It also announced the sale of its remaining stake in TIH and said it expects the sale to close in Q2 2024.

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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