AI English summary of an SEC filing — figures as filed

The company said net income available to common shareholders for Q3 2024 was $1.3 billion, or $0.99 per diluted share. In 2Q24, the prior quarter, net income was $0.83 billion and diluted EPS was $0.62.

8-KResults of Operations and Financial ConditionFiled Oct 17, 2024Period of report Oct 17, 2024Summary published (UTC) Oct 20, 2026

Key points

AI summary

The company said net income available to common shareholders for Q3 2024 was $1.3 billion, or $0.99 per diluted share. In 2Q24, the prior quarter, net income was $0.83 billion and diluted EPS was $0.62.
The company said taxable-equivalent net interest income for Q3 2024 was $3,657 million, up $77 million (2.2%) from Q2. Net interest margin was 3.12%, up 10 basis points.
The company said its provision for credit losses for Q3 2024 was $448 million, down slightly from $451 million in Q2. The net charge-off ratio was 0.55%, which was 3 basis points lower than 0.58% in Q2. The company also cited additional reserves related to Hurricane Helene.
The company said it repurchased $500 million of common stock in Q3 2024, and that its dividend payout ratio and total payout ratio were 52% and 90%, respectively. As of September 30, 2024, its CET1 ratio was 11.6%, unchanged from June 30, 2024.

Summary

AI-written

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.

Q3 2024 Net Income and Earnings Per Share

The company said net income available to common shareholders for Q3 2024 was $1.3 billion, or $0.99 per diluted share. In 2Q24, the prior quarter, net income was $0.83 billion and diluted EPS was $0.62.

Source · Based on the filing body and exhibits

Net Interest Income and Net Interest Margin

The company said taxable-equivalent net interest income for Q3 2024 was $3,657 million, up $77 million (2.2%) from Q2. Net interest margin was 3.12%, up 10 basis points.

Source · Based on the filing body and exhibits

Credit Quality Indicators

The company said its provision for credit losses for Q3 2024 was $448 million, down slightly from $451 million in Q2. The net charge-off ratio was 0.55%, which was 3 basis points lower than 0.58% in Q2. The company also cited additional reserves related to Hurricane Helene.

Source · Based on the filing body and exhibits

Capital Ratios and Shareholder Returns

The company said it repurchased $500 million of common stock in Q3 2024, and that its dividend payout ratio and total payout ratio were 52% and 90%, respectively. As of September 30, 2024, its CET1 ratio was 11.6%, unchanged from June 30, 2024.

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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