Shinhan Financial Group Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Interest Income on Loans	29,081,150	27,579,211	20,092,325	11,925,354	13,943,159	14,878,516	Upgrade
Interest Income on Investments	224,204	181,486	177,569	2,923,407	928,793	911,004	Upgrade
Total Interest Income	29,305,354	27,760,697	20,269,894	14,848,761	14,871,952	15,789,520	Upgrade
Interest Paid on Deposits	17,801,860	16,761,289	9,495,472	2,173,804	4,891,296	5,969,398	Upgrade
Interest Paid on Borrowings	-	-	-	1,781,101	-	-	Upgrade
Total Interest Expense	17,801,860	16,761,289	9,495,472	3,954,905	4,891,296	5,969,398	Upgrade
Net Interest Income	11,503,494	10,999,408	10,774,422	10,893,856	9,980,656	9,820,122	Upgrade
Net Interest Income Growth (YoY)	4.60%	2.09%	-1.10%	9.15%	1.63%	13.29%	Upgrade
Income From Trading Activities	-	-	-	-64,128	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-55,889	79,789	12,574	Upgrade
Gain (Loss) on Sale of Investments	-55,428	-129,324	-161,483	1,052,132	1,133,502	1,036,682	Upgrade
Gain (Loss) on Sale of Equity Investments	-	-	-	198,193	-	-	Upgrade
Other Non-Interest Income	5,657,527	5,557,336	3,928,918	11,449,734	1,776,860	1,491,541	Upgrade
Total Non-Interest Income	5,602,099	5,428,012	3,767,435	13,892,426	2,990,151	2,540,797	Upgrade
Non-Interest Income Growth (YoY)	16.09%	44.08%	-72.88%	364.61%	17.69%	17.69%	Upgrade
Revenues Before Loan Losses	17,105,593	16,427,420	14,541,857	24,786,282	12,970,807	12,360,919	Upgrade
Provision for Loan Losses	2,172,036	2,244,503	1,291,813	959,232	1,382,179	980,692	Upgrade
Revenue	14,933,557	14,182,917	13,250,044	23,827,050	11,588,628	11,380,227	Upgrade
Revenue Growth (YoY)	7.39%	7.04%	-44.39%	105.61%	1.83%	12.91%	Upgrade
Salaries and Employee Benefits	11,862	11,862	9,777	3,782,716	-4,208	37,304	Upgrade
Occupancy Expenses	-	-	-	490,457	-	-	Upgrade
Amortization of Goodwill & Intangibles	-	-	-	155,202	-	-	Upgrade
Selling, General & Administrative	5,723,004	5,686,291	5,480,371	1,127,281	5,216,681	4,899,679	Upgrade
Other Non-Interest Expense	2,306,347	2,186,730	1,700,320	12,024,285	1,370,466	1,384,933	Upgrade
Total Non-Interest Expense	8,519,662	8,020,773	6,729,406	18,201,248	6,792,973	6,307,855	Upgrade
EBT Excluding Unusual Items	6,413,895	6,162,144	6,520,638	5,625,802	4,795,655	5,072,372	Upgrade
Asset Writedown	-	-	-	-42,138	-41,784	-160,864	Upgrade
Pretax Income	6,216,711	5,964,960	6,366,626	5,583,664	4,753,871	4,911,508	Upgrade
Income Tax Expense	1,516,395	1,486,960	1,611,112	1,471,036	1,255,795	1,269,124	Upgrade
Earnings From Continuing Operations	4,700,316	4,478,000	4,755,514	4,112,628	3,498,076	3,642,384	Upgrade
Minority Interest in Earnings	-106,490	-109,965	-89,871	-93,374	-83,481	-238,887	Upgrade
Net Income	4,593,826	4,368,035	4,665,643	4,019,254	3,414,595	3,403,497	Upgrade
Preferred Dividends & Other Adjustments	171,176	189,672	156,277	116,388	85,327	61,993	Upgrade
Net Income to Common	4,422,650	4,178,363	4,509,366	3,902,866	3,329,268	3,341,504	Upgrade
Net Income Growth	9.97%	-6.38%	16.08%	17.71%	0.33%	7.82%	Upgrade
Basic Shares Outstanding	510	519	531	534	500	477	Upgrade
Diluted Shares Outstanding	510	519	531	534	500	477	Upgrade
Shares Change (YoY)	-2.48%	-2.15%	-0.64%	6.74%	4.82%	0.78%	Upgrade
EPS (Basic)	8679.64	8047.57	8498.00	7308.05	6653.97	7000.16	Upgrade
EPS (Diluted)	8679.64	8047.57	8498.00	7308.05	6653.97	7000.16	Upgrade
EPS Growth	13.52%	-5.30%	16.28%	9.83%	-4.95%	6.39%	Upgrade
Dividend Per Share	2145.000	2100.000	2065.000	1960.000	1500.000	1850.000	Upgrade
Dividend Growth	-12.09%	1.69%	5.36%	30.67%	-18.92%	15.63%	Upgrade
Effective Tax Rate	24.39%	24.93%	25.31%	26.35%	26.42%	25.84%	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.