[Featured Stock] JB Financial Group Rises on Expectations of Expanded Shareholder Returns

Up 6.14% from the Previous Trading Day

JB Financial Group is showing strong performance amid expectations of improved soundness indicators and expanded shareholder returns.

As of 3:14 PM on the 21st, JB Financial Group is trading at 19,350 KRW, up 6.14% from the previous trading day.

According to SK Securities, JB Financial's controlling net profit for the fourth quarter of last year is projected to be 94.6 billion KRW, a 2.1% increase compared to the previous year. From this year onward, performance improvement is expected to accelerate due to the easing of credit costs. Seol Yong-jin, a researcher at SK Securities, stated, “Since the third quarter of last year, overall soundness indicators have improved, and through value-up disclosures, the company has presented plans to continuously pursue share buybacks and cancellations regardless of the major shareholder’s stake,” adding, “Stable future performance and a steep expansion in shareholder returns can be anticipated.” The scale of share cancellations this year is expected to be about 100 billion KRW, and the total shareholder return ratio, reflecting a dividend payout ratio of 28%, is expected to reach approximately 40%.

In September of last year, JB Financial announced a 'Corporate Value Enhancement Plan' focusing on profitability improvement and expanded shareholder returns. The company aims to maintain a return on equity (ROE) of over 13% based on a stable common equity tier 1 ratio by 2026, with a target shareholder return ratio of 45%.