Seeking Alpha·Oct 27, 2026
Shinhan Financial Group Co., Ltd. (SHG) Q3 2026 Earnings Call TranscriptShinhan Financial Group Co., Ltd. (SHG) Q3 2026 Earnings Call Transcript
Shinhan Financial Group's Q2 2026 results show accelerating EPS growth of 27.7% year-over-year, driven by a surge in non-interest income to 45.9% of revenue, which appears to mask underlying net interest income growth of 9.4% that is not yet strong enough to drive sustainable earnings expansion.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Net interest income growth accelerated to 9.4% year-over-year in Q2 2026, but the impressive 27.7% EPS growth was heavily supported by a one-time surge in non-interest income to 45.9% of total revenue, suggesting core earnings momentum may be weaker than headline figures imply.
Shinhan Financial Group is forecast to grow earnings by 16.08% next year, raising EPS from $5.97 to $6.93. This upward trajectory reflects robust profitability and operational efficiency.
Shinhan commits to return 50% of earnings to shareholders through dividends and buybacks by 2027, with a current dividend yield of 2.79%. The payout ratio of 20.64% signals sustainability of this policy.
Short‑ and long‑term moving averages are bullish, and a hammer chart pattern suggests support after recent declines. These signals point to a potential trend reversal and upward price movement.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 27, 2026 | $2.53+4.1% vs $2.43 | $3.0B-3.3% vs $3.1B |
Q3 2026 Jul 23, 2026 | $2.50+7.3% vs $2.33 | $3.1B+9.3% vs $2.9B |
Q2 2026 Apr 24, 2026 | $2.33+2.6% vs $2.27 | $2.8B+0.0% vs $2.8B |
Q1 2026 Feb 5, 2026 | $0.68-17.4% vs $0.82 | $2.5B+2.9% vs $2.4B |
Shinhan Financial Group Co., Ltd. (SHG) Q3 2026 Earnings Call Transcript
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Shinhan Financial (SHG) have what it takes?
Investors looking for stocks in the Banks - Foreign sector might want to consider either Shinhan Financial (SHG) or Erste Group Bank AG (EBKDY). But which of these two companies is the best option for those looking for undervalued stocks?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Benchmark SHG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Shinhan Financial Group Co., Ltd. (SHG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $63.52 | $30.02B | 7.48 | 3.42% | 32.53% | 9.09% | 3.01% | |
| $111.20 | $39.04B | 8.26 | 87.09% | 15.72% | 10.86% | 2.25% | |
| $69.06 | $16.76B | 7.63 | -67.4% | 75.27% | 7.89% | 3.9% | |
| $25.14 | $128.95B | 15.06 | 37.53% | 25.27% | 17.24% | 1.79% | |
| $33.89 | $123.06B | 19.54 | 8.53% | 27.03% | 15.21% | 0.68% | |
| $9.40 | $114.51B | 13.05 | 30.2% | 30.97% | 12.28% | 2.11% |
Shinhan Financial Group Co., Ltd. (SHG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Shinhan Financial Group Co., Ltd. (SHG) stock FAQ — growth, dividends, profitability & financials explained
Shinhan Financial Group Co., Ltd. (SHG) revenue fell by 5.3% over the trailing twelve months, compared with the twelve months before.
Yes. Shinhan Financial Group Co., Ltd. (SHG) earned $5.58T in net income over the trailing twelve months (a 32.5% net margin).
Yes. Shinhan Financial Group Co., Ltd. (SHG) pays a dividend that yields 3.01% at the current price, a moderate yield.
Shinhan Financial Group Co., Ltd. (SHG) had a return on equity (ROE) of 9.1% over the trailing twelve months. That is below the market's typical 10-15%.
Shinhan Financial Group Co., Ltd. (SHG) has a net interest margin (NIM) of 1.5%. NIM has been under pressure due to interest rate environment.
Shinhan Financial Group Co., Ltd. (SHG) has an efficiency ratio of 52.4%. This is excellent, indicating strong cost control.
