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SHG

Shinhan Financial Group Co., Ltd.

SHG

Shinhan Financial Group Co., Ltd. • NYSE
$54.09 ▼ -0.73% (-0.40)
Market Cap $26.45 B
52w High $56.00
52w Low $28.76
Dividend Yield 1.48%
P/E 8.18
Volume 130.17K
Outstanding Shares 489.09M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.994T ▼ $1.518T ▼ $1.424T ▼ 35.645% ▲ $2.849K ▼ $0 ▼
Q2-2025 $8.828T ▲ $2.023T ▲ $1.549T ▲ 17.547% ▲ $3.062K ▲ $2.399T ▲
Q1-2025 $8.56T ▼ $1.923T ▼ $1.488T ▲ 17.388% ▲ $2.917K ▲ $2.337T ▲
Q4-2024 $9.062T ▲ $3.356T ▲ $406.098B ▼ 4.481% ▼ $705.55 ▼ $934.77B ▼
Q3-2024 $8.818T $2.107T $1.297T 14.709% $2.497K $2.098T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $782.94T ▲ $722.363T ▲ $57.871T ▲
Q2-2025 $137.15T ▼ $752.691T ▲ $692.496T ▲ $57.19T ▲
Q1-2025 $137.863T ▲ $746.222T ▲ $686.875T ▲ $56.818T ▲
Q4-2024 $135.478T ▼ $739.764T ▼ $680.943T ▼ $56.054T ▲
Q3-2024 $135.834T $745.396T $686.629T $56.001T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.424T ▼ $-4.072T ▲ $-2.773T ▲ $14.67T ▲ $7.865T ▲ $-4.134T ▲
Q2-2025 $1.577T ▲ $-4.247T ▼ $-2.846T ▼ $4.111T ▲ $-3.065T ▼ $-4.42T ▼
Q1-2025 $1.488T ▲ $6.505T ▲ $522.477B ▲ $-3.872T ▼ $3.152T ▲ $6.346T ▲
Q4-2024 $433.906B ▼ $-4.34T ▼ $-736.386B ▼ $537.206B ▼ $-4.327T ▼ $-4.44T ▼
Q3-2024 $1.325T $6.781T $-191.085B $2.469T $8.979T $6.6T

Five-Year Company Overview

Income Statement

Income Statement Earnings have been consistently solid over the last five years, with profits holding up even as the operating environment changed. Revenue and operating results bounced around more, suggesting shifts in business mix, interest-rate impacts, and changing credit costs. The latest year shows much higher reported revenue but thinner margins, which implies growth came with higher funding or risk costs. Net income, however, has stayed fairly stable at a healthy level, indicating the core franchise is resilient even as underlying drivers move around.

Balance Sheet

Balance Sheet The balance sheet has grown steadily, with total assets rising each year and shareholders’ equity also trending upward. This points to an expanding franchise that is retaining earnings and reinforcing its capital base. Debt levels have also climbed, which is typical for a large financial group but does mean higher leverage and sensitivity to funding conditions. Liquidity looks reasonable, with a meaningful cash position, though the group still relies heavily on broader wholesale and customer funding as is normal for a bank-led financial group.

Cash Flow

Cash Flow Cash generation has been uneven but overall positive over the five-year period. Operating cash flow swung from negative to very strong and then moderated, reflecting the nature of banking cash flows as interest rates, loan growth, and customer behavior shift. Free cash flow has generally been positive except for a weak patch earlier in the period, and investment spending has remained modest and predictable. Overall, the group appears able to fund its operations and investments from internal cash over time, even if year‑to‑year figures are volatile.

Competitive Edge

Competitive Edge Shinhan holds a strong position as one of South Korea’s leading financial groups, backed by a well-known brand and long-standing customer relationships across banking, cards, securities, and insurance. Its integrated platform allows it to cross-sell multiple services and keep customers within the Shinhan ecosystem, which is a key advantage versus smaller or more specialized rivals. The group has also leaned heavily into ESG and responsible finance, which supports its reputation with regulators, institutions, and younger customers. Competition from digital-native players and other major Korean banks remains intense, but Shinhan’s scale, trust, and diversified business lines give it a solid competitive footing.

Innovation and R&D

Innovation and R&D Shinhan stands out in Korea for its aggressive digital and technology strategy. It has created a dedicated AI subsidiary, rolled out AI-driven advisory tools, voice banking, and facial-recognition payments, and is building a large, data-rich ecosystem through its “Super SOL” super-app. The group is experimenting with blockchain, digital assets, and ERP-integrated banking for corporate clients, while also running a startup accelerator to keep a pipeline of new ideas. This sustained push into AI, big data, cloud, and blockchain strengthens its digital moat, though it also brings execution risk and ongoing investment needs as technology and regulations evolve quickly.

Summary

Overall, Shinhan Financial Group combines a solid profit track record and growing balance sheet with an ambitious digital strategy. Earnings have been resilient despite margin pressure and shifts in the operating line, and capital has steadily built up, even as leverage has increased. Cash flows are naturally volatile for a bank but broadly supportive of its growth and investment. Competitively, Shinhan benefits from scale, brand strength, and an integrated financial ecosystem, and is pushing hard to differentiate itself through AI, big data, and blockchain-enabled services. The main watchpoints are how well it manages credit and funding risk in a changing rate environment, and whether its heavy digital investments continue to translate into sustainable, profitable growth.

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