Woori Financial Group Inc. (KRX:316140)

Woori Financial Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	20,285,389	20,494,906	19,450,053	13,915,236	9,467,132	9,037,714
Interest Income on Investments	1,876,999	1,828,755	1,431,794	899,295	736,828	624,682
Total Interest Income	22,162,388	22,323,661	20,881,847	14,814,531	10,203,960	9,662,396
Interest Paid on Deposits	12,908,901	13,127,005	11,899,014	5,957,970	2,909,028	3,525,341
Net Interest Income	9,253,487	9,196,656	8,982,833	8,856,561	7,294,932	6,137,055
Net Interest Income Growth (YoY)	3.05%	2.38%	1.43%	21.41%	18.87%	2.26%
Gain (Loss) on Sale of Assets	4,831	4,831	3,394	52,675	47,729	6,998
Gain (Loss) on Sale of Investments	128,510	115,730	-5,106	-24,589	103,386	26,943
Other Non-Interest Income	3,274,217	3,578,953	2,208,967	1,948,672	1,796,424	1,436,413
Total Non-Interest Income	3,668,129	3,986,399	2,411,197	2,050,962	2,054,856	1,514,797
Non-Interest Income Growth (YoY)	32.18%	65.33%	17.56%	-0.19%	35.65%	22.22%
Revenues Before Loan Losses	12,921,616	13,183,055	11,394,030	10,907,523	9,349,788	7,651,852
Provision for Loan Losses	1,785,284	1,716,295	1,894,916	885,272	536,838	784,371
Revenue	11,136,332	11,466,760	9,499,114	10,022,251	8,812,950	6,867,481
Revenue Growth (YoY)	14.16%	20.71%	-5.22%	13.72%	28.33%	0.01%
Salaries and Employee Benefits	27,629	27,629	12,946	9,632	17,774	7,495
Selling, General & Administrative	4,513,308	4,238,803	4,240,153	4,362,353	3,994,622	3,818,782
Other Non-Interest Expense	2,599,119	2,921,197	1,711,057	1,170,158	1,022,416	950,342
Total Non-Interest Expense	7,162,290	7,211,927	5,928,912	5,501,651	4,987,298	4,700,639
EBT Excluding Unusual Items	3,974,042	4,254,833	3,570,202	4,520,600	3,825,652	2,166,842
Asset Writedown	-3,480	-3,480	101	50	-490	-8,591
Other Unusual Items	-28,506	-28,506	-52,850	-35,276	-75,921	-157,000
Pretax Income	3,942,056	4,222,847	3,517,453	4,485,374	3,749,241	2,001,251
Income Tax Expense	955,994	1,051,378	890,559	1,161,392	941,870	486,002
Earnings From Continuing Operations	2,986,062	3,171,469	2,626,894	3,323,982	2,807,371	1,515,249
Minority Interest in Earnings	-108,429	-85,474	-120,598	-182,302	-219,435	-207,983
Net Income	2,877,633	3,085,995	2,506,296	3,141,680	2,587,936	1,307,266
Preferred Dividends & Other Adjustments	158,682	158,682	131,148	91,756	66,250	48,915
Net Income to Common	2,718,951	2,927,313	2,375,148	3,049,924	2,521,686	1,258,351
Net Income Growth	19.08%	23.13%	-20.22%	21.40%	97.97%	-30.18%
Basic Shares Outstanding	744	741	735	728	724	722
Diluted Shares Outstanding	744	741	735	728	724	722
Shares Change (YoY)	0.42%	0.80%	1.05%	0.46%	0.30%	5.37%
EPS (Basic)	3656.88	3949.03	3229.77	4191.09	3480.98	1742.22
EPS (Diluted)	3656.88	3949.03	3229.77	4191.09	3480.98	1742.22
EPS Growth	18.72%	22.27%	-22.94%	20.40%	99.80%	-36.06%
Dividend Per Share	1020.000	1200.000	1000.000	1130.000	900.000	360.000
Dividend Growth	-13.56%	20.00%	-11.50%	25.56%	150.00%	-48.57%
Effective Tax Rate	24.25%	24.90%	25.32%	25.89%	25.12%	24.29%

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.