JB Financial posts 3.2% rise in Q1 net profit with $116M, short of projections

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JB Financial posts 3.2% rise in Q1 net profit with $116M, short of projections

Published: 23 Apr. 2026, 17:47

The JB Financial Group headquarters in Yeouido, Yeongdeungpo District, western Seoul [JB FINANCIAL GROUP]

JB Financial Group on Thursday reported a first quarter net profit of 172.3 billion won ($116.3 million), up 3.2 percent from a year earlier.

Operating income for the January to March period was 221.3 billion won, up 1.8 percent from a year ago, the company said in a regulatory filing. Sales rose 8.2 percent to 1.21 trillion won.

The earnings failed to meet market expectations. The average analyst estimate of net profit stood at 189.7 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Yonhap