Shinhan Financial Group stock: Q3 profit rises 10.9%

Shinhan Financial Group reported stronger year-on-year earnings for the third quarter on Tuesday, October 27, 2026. Yonhap News Agency said net profit reached 1.6 trillion won, up 10.9 percent from the same period a year earlier.

Interest income leads the quarter

The banking group benefited from an 8.3 percent increase in interest income to 3.2 trillion won. Operating profit nevertheless declined 2.4 percent to 1.9 trillion won, while revenue rose 95.9 percent to 18.64 trillion won.

The result was broadly in line with market expectations. Analysts surveyed by Yonhap Infomax had expected net profit of 1.61 trillion won.

Fees remain a pressure point

Commission income fell 18.1 percent to 790.2 billion won, highlighting weaker momentum outside the core lending business. The result leaves the group exposed to the performance of securities and other fee-generating operations as market activity changes.

For the first nine months, net profit rose 12.7 percent to 5.03 trillion won, already exceeding Shinhan Financial Group's full-year profit of 4.97 trillion won in 2025. Shinhan Bank, the group's flagship bank, increased third-quarter net profit by 12.5 percent to 1.2 trillion won.

What investors should watch next

The earnings mix points to continued support from lending alongside a less even contribution from non-interest businesses. The next focus for investors is whether interest-income growth can offset weaker commission revenue across the group's broader financial operations.

South Korean financial stocks remain part of the wider market backdrop tracked by the KOSPI.

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