Shinhan Financial Group Co., Ltd. (SHG) Income Statement Analysis

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Complete financial analysis of Shinhan Financial Group Co., Ltd. (SHG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Shinhan Financial Group Co., Ltd., a leading company in the Banks – Regional industry within the Financial Services sector.

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Shinhan Financial Group Co., Ltd. (SHG)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.shinhangroup.com

About Shinhan Financial Group Co., Ltd.

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Life Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services. The company also provides corporate banking services, such as investment banking, real estate financing, overseas real estate and development project financing, infrastructure and structured financing, equity/venture investments, mergers and acquisitions consulting; securitization and derivatives services comprising securities and derivative products, and foreign exchange trading; and working capital loans and facilities loans. In addition, it is involved in treasury and investment activities in international capital markets consisting of foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations. Further, the company offers trust account management, securities brokerage, and asset management services, as well as leasing and equipment financing, savings banking, loan collection and credit reporting, collective investment administration, private equity investment, and financial system development services. As of December 31, 2021, it operated a network of 784 service centers; 5,234 ATMs; 7 cash dispensers; and 85 digital kiosks. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	14,182.92B	22,605.00B	21,855.99B	20,639.00B	20,429.00B	15,889.55B	14,596.54B	13,492.32B	13,404.65B	12,849.23B	7,759.14B	12,611.93B	9,829.08B	27,183.03B	10,919.38B	10,350.79B	9,914.17B	7,541.64B	6,110.00B	5,474.45B	3,619.17B	2,467.35B	632.00B
Cost of Revenue	-47,149.71B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15,200.27B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	61,332.63B	22,605.00B	21,855.99B	20,639.00B	20,429.00B	15,889.55B	14,596.54B	13,492.32B	13,404.65B	12,849.23B	7,759.14B	12,611.93B	9,829.08B	11,982.75B	10,919.38B	10,350.79B	9,914.17B	7,541.64B	6,110.00B	5,474.45B	3,619.17B	2,467.35B	632.00B
Gross Profit Ratio	432.44%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	44.08%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	14.09B	14.07B	13.44B	11.87B	12.73B	12.45B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	7,092.76B	13,732.00B	11,863.81B	13,064.00B	13,201.00B	8,888.92B	9,179.04B	8,790.75B	8,621.24B	8,345.29B	4,581.87B	8,281.87B	4,135.36B	7,766.88B	5,848.66B	3,973.33B	2,057.51B	1,706.20B	1,464.61B	853.85B	1,150.41B	357.13B	0.00
Selling & Marketing	285.50B	339.96B	280.78B	204.31B	265.74B	287.69B	271.82B	292.55B	255.66B	229.64B	211.30B	188.36B	230.63B	1,509.87B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	7,378.25B	13,732.00B	12,144.59B	13,064.00B	13,201.00B	9,176.61B	9,450.86B	9,083.30B	8,876.90B	8,574.93B	4,581.87B	8,470.23B	4,135.36B	9,276.75B	5,848.66B	3,973.33B	2,057.51B	1,706.20B	1,464.61B	853.85B	1,150.41B	357.13B	0.00
Other Expenses	0.00	339.00B	-454.25B	-335.00B	-188.00B	22.43B	-52.81B	51.84B	146.47B	182.19B	37.27B	11.52B	987.31B	-25.90B	13.31B	-3,193.92B	-1,999.09B	-2,571.27B	-950.48B	-174.97B	-1,077.50B	390.22B	-828.00B
Operating Expenses	5,698.15B	14,071.00B	11,690.34B	12,729.00B	13,013.00B	9,199.04B	9,412.14B	9,149.21B	9,036.81B	8,768.99B	8,363.37B	8,494.19B	4,736.22B	5,397.05B	5,861.97B	779.41B	58.42B	-865.07B	514.13B	678.88B	72.91B	747.35B	-828.00B
Cost & Expenses	5,698.15B	14,071.00B	11,690.34B	12,729.00B	13,013.00B	9,199.04B	9,412.14B	9,149.21B	9,036.81B	8,768.99B	8,363.37B	8,494.19B	4,736.22B	5,397.05B	5,861.97B	779.41B	58.42B	-865.07B	514.13B	678.88B	72.91B	747.35B	-828.00B
Interest Income	27,579.21B	20,109.00B	14,724.23B	14,774.00B	15,707.00B	13,572.46B	11,798.65B	11,236.30B	11,129.70B	12,060.51B	12,588.02B	13,857.11B	13,780.71B	14,511.75B	12,597.36B	14,733.94B	12,156.13B	8,482.19B	7,408.22B	7,450.40B	5,590.33B	3,735.11B	3,694.00B
Interest Expense	16,761.29B	7,645.00B	3,954.91B	4,891.00B	5,969.00B	4,992.37B	3,955.70B	4,030.94B	4,436.77B	5,270.71B	5,985.16B	6,882.90B	6,700.74B	6,478.06B	7,376.03B	8,954.57B	6,982.85B	4,685.13B	3,971.38B	3,997.68B	3,143.93B	2,305.01B	2,439.00B
Depreciation & Amortization	1,185.01B	999.68B	902.69B	768.49B	578.87B	318.83B	269.44B	259.94B	278.88B	312.97B	319.73B	298.84B	287.73B	773.58B	839.33B	1,130.85B	812.81B	515.86B	450.46B	519.48B	985.16B	73.28B	3,131.00B
EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.06	-0.24	0.00	0.00	-0.02	2,935.00B
EBITDA Ratio	0.00%	20.54%	29.25%	26.36%	26.19%	61.17%	54.64%	54.93%	58.02%	64.85%	113.80%	81.22%	112.00%	40.01%	89.50%	118.46%	108.79%	95.37%	115.79%	121.89%	129.24%	133.26%	464.40%
Operating Income	8,484.76B	13,904.29B	5,490.29B	4,671.00B	4,673.00B	9,417.43B	7,721.57B	7,151.27B	7,498.56B	8,019.78B	8,510.53B	9,944.58B	10,720.97B	10,271.78B	8,933.91B	11,130.20B	9,972.59B	6,676.56B	6,624.13B	6,153.33B	3,692.09B	3,214.70B	-196.00B
Operating Income Ratio	59.82%	61.51%	25.12%	22.63%	22.87%	59.27%	52.90%	53.00%	55.94%	62.41%	109.68%	78.85%	109.07%	37.79%	81.82%	107.53%	100.59%	88.53%	108.41%	112.40%	102.01%	130.29%	-31.01%
Total Other Income/Expenses	-2,519.80B	-1,410.90B	-12,842.93B	-1,622.16B	-1,531.24B	-1,046.94B	-692.88B	-895.67B	-561.63B	-902.65B	-1,009.93B	11.52B	-6,528.41B	-6,841.97B	-7,366.36B	-8,954.57B	2,984.37B	1,999.12B	-15.91B	-148.23B	-3,143.93B	-2,305.01B	196.00B
Income Before Tax	5,964.96B	6,349.00B	5,583.66B	4,754.00B	4,912.00B	4,466.61B	3,796.26B	3,170.47B	3,140.58B	2,867.58B	2,682.14B	3,233.01B	4,192.56B	3,088.75B	1,567.55B	2,175.63B	2,989.75B	2,001.15B	2,652.75B	2,151.35B	548.15B	909.69B	0.00
Income Before Tax Ratio	42.06%	28.09%	25.55%	23.03%	24.04%	28.11%	26.01%	23.50%	23.43%	22.32%	34.57%	25.63%	42.65%	11.36%	14.36%	21.02%	30.16%	26.53%	43.42%	39.30%	15.15%	36.87%	0.00%
Income Tax Expense	1,486.96B	1,617.00B	1,471.04B	1,256.00B	1,269.00B	1,268.35B	848.13B	345.55B	694.62B	667.97B	622.57B	738.94B	919.93B	717.61B	424.03B	694.93B	1,059.04B	588.99B	932.40B	738.53B	259.44B	320.30B	-3,131.00B
Net Income	4,368.04B	4,665.64B	4,019.25B	3,414.60B	3,404.00B	3,156.72B	2,917.74B	2,774.78B	2,367.17B	2,081.11B	1,902.81B	2,322.73B	3,100.01B	2,371.14B	1,133.85B	1,480.70B	1,930.70B	1,402.44B	1,720.35B	1,417.13B	288.71B	589.39B	496.00B
Net Income Ratio	30.80%	20.64%	18.39%	16.54%	16.66%	19.87%	19.99%	20.57%	17.66%	16.20%	24.52%	18.42%	31.54%	8.72%	10.38%	14.31%	19.47%	18.60%	28.16%	25.89%	7.98%	23.89%	78.48%
EPS	7.70K	8.50K	7.31K	6.65K	7.00K	6.66K	6.12K	5.74K	4.79K	4.20K	3.81K	4.68K	6.20K	5.18K	1.96K	2.99K	4.26K	3.58K	4.88K	3.80K	991.79	1.07K	1.85K
EPS Diluted	8.05K	8.50K	7.31K	6.65K	7.00K	6.66K	6.12K	5.74K	4.79K	4.20K	3.81K	4.68K	6.07K	5.08K	1.96K	2.96K	4.18K	3.58K	4.59K	3.40K	981.81	1.07K	1.58K
Weighted Avg Shares Out	542.78M	530.64M	534.05M	500.34M	477.35M	473.65M	474.20M	474.20M	474.20M	474.20M	474.20M	474.20M	488.92M	474.20M	461.50M	417.67M	402.42M	391.32M	350.57M	307.51M	276.51M	275.98M	267.78M
Weighted Avg Shares Out (Dil)	519.21M	530.64M	534.05M	500.34M	477.35M	473.65M	474.20M	474.20M	474.20M	474.20M	474.20M	474.20M	488.92M	488.92M	476.22M	432.39M	416.88M	391.32M	374.46M	354.84M	294.13M	276.33M	314.61M

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