KB Financial Group reports Q1 net profit of $1.3 billion, up 12.8% on year

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KB Financial Group reports Q1 net profit of $1.3 billion, up 12.8% on year

Published: 23 Apr. 2026, 17:05 Updated: 23 Apr. 2026, 17:06

KG Financial Group headquarters in western Seoul [KB FINANCIAL GROUP]

KB Financial Group on Thursday reported a first-quarter net profit of 1.91 trillion won ($1.3 billion), up 12.8 percent from a year earlier.

The company said in a regulatory filing that operating income for the January to March period rose 19 percent on year to 2.72 trillion won. Sales increased 55.5 percent to 30.69 trillion won.

The earnings beat market expectations. The average estimate of net profit by analysts stood at 1.81 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Yonhap