[Special Stock] Hana Financial Group Hits Record High on Strong Q1 Earnings

[Asia Economy Reporter Song Hwajeong] Hana Financial Group is showing strong performance in the first quarter of this year. It hit a 52-week high during trading.

As of 10:07 AM on the 26th, Hana Financial Group was trading at 43,650 KRW, up 750 KRW (1.75%) from the previous day. During the day, it rose to 44,200 KRW, marking a 52-week high.

Hana Financial Group's first-quarter net income attributable to controlling shareholders was 834.4 billion KRW, a 27% increase compared to the same period last year. This exceeded market expectations (consensus) by 16.8%. Eun Kyungwan, a researcher at Meritz Securities, analyzed, "Considering approximately 90 billion KRW in one-time pre-tax expenses, the recurring profit exceeded 900 billion KRW," and added, "The bank's net interest margin (NIM) showed the largest improvement among commercial banks." Eun also noted, "With the industry's highest capital ratio secured, the company is expected to have an advantage in future mergers and acquisitions (M&A) and shareholder return policies, as well as potential for further valuation expansion."

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