[Edaily Reporter Kim Se-yeon ] JB Financial Group Co., Ltd.(175330)has set a new record for its highest-ever quarterly net income. It also posted its best-ever cumulative net income for the first three quarters.

JB Financial Group Co., Ltd. announced on the 27th that its cumulative net income attributable to owners of the parent company (on a consolidated basis) for the third quarter of this year reached 595.7 billion won, marking a record high. This represents a 2.9% increase compared to the same period last year. Net income attributable to owners of the parent company for the third quarter was 210.0 billion won, up 0.8% from the third quarter of last year.
Total revenue also increased. JB Financial’s revenue for the third quarter of this year rose 13.0% year-over-year to 1.2703 trillion won, while cumulative revenue—including the first half of the year—increased 9.2% year-over-year to 3.7499 trillion won.
Cumulative operating profit for the year stood at 817.9 billion won, a 6.8% increase compared to the same period last year.
Key third-quarter financial indicators also remained strong. Return on equity (ROE) for controlling interests stood at 13.3%, while consolidated return on assets (ROA) was 1.08%. The cost-to-income ratio (CIR) was 35.8%, and the preliminary common equity Tier 1 (CET1) ratio was 12.39%.
JB Financial Group maintains that it is enhancing asset efficiency by expanding the share of high-profitability businesses. The year-to-date growth rate of risk-weighted assets (RWA) for the third quarter stood at 5.1%, remaining lower than the growth rate of won-denominated loans (10.0%).
Major affiliates also posted net profits. As of the third quarter, Jeonbuk Bank recorded a net profit of 72.5 billion won, Gwangju Bank 82.4 billion won, and JB Woori Capital 66.3 billion won. JB Asset Management and JB Investment posted net profits of 6.6 billion won and 2.8 billion won, respectively. The overseas sub-subsidiary, Phnom Penh Commercial Bank (PPCBank) in Cambodia, also recorded a net profit of 14.3 billion won.
An official from JB Financial Group Co., Ltd. stated, “We will continue to enhance profitability based on stable capital ratios and further expand our shareholder return policies to increase corporate value.”
Meanwhile, the board of directors of JB Financial Group Co., Ltd. approved a quarterly dividend of 317 won per common share on the same day.