Shinhan Financial preliminary Q3 profit rises 10.85%

Shinhan Life’s quarterly net income declined 24.34% year over year even as group net income increased 10.85%.

Rhea-AI Filing Summary

Shinhan Financial Group (SHG) reported preliminary consolidated 3Q 2026 revenue of KRW 18,640.834 billion, up 95.91% year over year, and net income of KRW 1,609.753 billion, up 10.85% year over year but down 12.83% from 2Q 2026. Revenue represents interest revenues, fees and commissions revenues, and other operating revenues.

Results varied across subsidiaries: Shinhan Bank’s net income rose 12.50% year over year to KRW 1,225.635 billion, and Shinhan Card’s rose 72.83% to KRW 231.809 billion; Shinhan Life’s net income fell 24.34% to KRW 128.751 billion. The preliminary figures were prepared under Korean International Financial Reporting Standards and are subject to independent auditor review and change during that process.

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0 major · 2 points

How the balance works

Positive

• Moderate pointGroup revenue rose 95.91% year over year in 3Q 2026.
• Moderate pointGroup net income rose 10.85% year over year in 3Q 2026.

Negative

• Minor pointShinhan Life net income fell 24.34% year over year in 3Q 2026.
• Minor pointShinhan Life operating income fell 26.98% year over year in 3Q 2026.

Filing Explained

In the preliminary 3Q 2026 results, Shinhan Financial Group reported consolidated revenue of KRW 18,640,834 million, down 25.62% from 2Q 2026.

Key Figures

Consolidated revenue: KRW 18,640.834 billion Consolidated net income: KRW 1,609.753 billion Consolidated net income: KRW 1,225.635 billion +3 more

6 metrics

Consolidated revenue KRW 18,640.834 billion Shinhan Financial Group, 3Q 2026; up 95.91% year over year

Consolidated net income KRW 1,609.753 billion Shinhan Financial Group, 3Q 2026; up 10.85% year over year and down 12.83% quarter over quarter

Consolidated net income KRW 1,225.635 billion Shinhan Bank, 3Q 2026; up 12.50% year over year

Consolidated net income KRW 231.809 billion Shinhan Card, 3Q 2026; up 72.83% year over year

Consolidated net income KRW 128.751 billion Shinhan Life, 3Q 2026; down 24.34% year over year

Consolidated operating income KRW 171.069 billion Shinhan Life, 3Q 2026; down 26.98% year over year

Key Terms

Korean International Financial Reporting Standards, fair disclosure, Net Income Attributable to Controlling Interest

3 terms

Korean International Financial Reporting Standards technical

"prepared in accordance with Korean International Financial Reporting Standards"

fair disclosure regulatory

"announced through a fair disclosure"

Net Income Attributable to Controlling Interest financial

"Net Income Attributable to Controlling Interest"

FAQ

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What was SHG’s consolidated net income in 3Q 2026?

Shinhan Financial Group reported preliminary consolidated net income of KRW 1,609.753 billion for 3Q 2026, up 10.85% year over year and down 12.83% from 2Q 2026. The results were prepared under Korean International Financial Reporting Standards.

How did Shinhan Life perform in 3Q 2026?

Shinhan Life reported consolidated net income of KRW 128.751 billion for 3Q 2026, down 24.34% year over year. Its operating income was KRW 171.069 billion, down 26.98% year over year.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 10/27/2026 - 06:10 AM EDT Accepted by SEC EDGAR 10/27/2026 - 06:09 AM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

———————————

FORM 6-K

———————————

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of October 2026

Commission File Number: 001-31798

———————————

SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

———————————

20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)

———————————

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  Form 40-F 

3Q2026 Preliminary Operating Results of Shinhan Financial Group

On October 27, 2026, Shinhan Financial Group Co., Ltd. released its preliminary operating results for 3Q 2026. The following tables reflect the key figures we announced through a fair disclosure. The full IR presentation materials are available at our website (www.shinhangroup.com).

The financial information in this report has been prepared in accordance with Korean International Financial Reporting Standards and is to be reviewed by our independent auditor. As figures provided have not yet been fully reviewed by our independent auditor, contents are subject to change in the due course of the reviewing process.

1. Preliminary Operating Results of Shinhan Financial Group (Consolidated)

					(KRW million)
Item		3Q 2026	2Q 2026	QoQ Change (%)	3Q 2025	YoY Change (%)
Revenue*	Specified Quarter	18,640,834	25,063,156	-25.62	9,514,830	95.91
	Cumulative	72,196,422	-	-	48,854,886	47.78
Operating Income	Specified Quarter	1,907,021	2,476,281	-22.99	1,954,623	-2.44
	Cumulative	6,537,755	-	-	5,913,094	10.56
Income before Income Taxes	Specified Quarter	2,111,207	2,515,975	-16.09	1,950,623	8.23
	Cumulative	6,848,564	-	-	6,028,305	13.61
Net Income	Specified Quarter	1,609,753	1,846,651	-12.83	1,452,190	10.85
	Cumulative	5,105,552	-	-	4,546,470	12.30
Net Income Attributable to Controlling Interest	Specified Quarter	1,584,629	1,820,135	-12.94	1,423,544	11.32
	Cumulative	5,027,358	-	-	4,460,943	12.70

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

2. Preliminary Operating Results of Shinhan Bank (Consolidated)

					(KRW million)
Item		3Q 2026	2Q 2026	QoQ Change (%)	3Q 2025	YoY Change (%)
Revenue*	Specified Quarter	12,028,356	11,790,413	2.02	4,649,798	158.69
	Cumulative	41,975,518	-	-	29,835,564	40.69
Operating Income	Specified Quarter	1,591,702	1,693,081	-5.99	1,466,074	8.57
	Cumulative	4,750,258	-	-	4,397,561	8.02
Income before Income Taxes	Specified Quarter	1,629,676	1,729,299	-5.76	1,459,760	11.64
	Cumulative	4,856,414	-	-	4,417,714	9.93
Net Income	Specified Quarter	1,225,635	1,301,581	-5.83	1,089,405	12.50
	Cumulative	3,684,792	-	-	3,356,650	9.78
Net Income Attributable to Controlling Interest	Specified Quarter	1,225,211	1,301,383	-5.85	1,089,241	12.48
	Cumulative	3,683,725	-	-	3,356,056	9.76

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

3. Preliminary Operating Results of Shinhan Card (Consolidated)

				(KRW million)
Item		3Q 2026	2Q 2026	QoQ Change (%)	3Q 2025	YoY Change (%)
Revenue*	Specified Quarter	1,453,628	1,569,249	-7.37	1,310,727	10.90
	Cumulative	4,720,067	-	-	4,532,472	4.14
Operating Income	Specified Quarter	129,608	184,538	-29.77	177,990	-27.18
	Cumulative	458,555	-	-	495,303	-7.42
Income before Income Taxes	Specified Quarter	301,788	182,336	65.51	176,994	70.51
	Cumulative	636,762	-	-	497,478	28.00
Net Income	Specified Quarter	231,809	139,097	66.65	134,123	72.83
	Cumulative	487,580	-	-	383,389	27.18
Net Income Attributable to Controlling Interest	Specified Quarter	232,350	137,974	68.40	133,764	73.70
	Cumulative	485,773	-	-	380,403	27.70

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

4. Preliminary Operating Results of Shinhan Life (Consolidated)

				(KRW million)
Item		3Q 2026	2Q 2026	QoQ Change (%)	3Q 2025	YoY Change (%)
Revenue*	Specified Quarter	1,730,726	3,992,665	-56.65	1,716,267	0.84
	Cumulative	8,457,180	-	-	5,696,594	48.46
Operating Income	Specified Quarter	171,069	266,348	-35.77	234,264	-26.98
	Cumulative	582,060	-	-	701,571	-17.03
Income before Income Taxes	Specified Quarter	171,954	258,090	-33.37	231,953	-25.87
	Cumulative	569,351	-	-	687,311	-17.16
Net Income	Specified Quarter	128,751	187,491	-31.33	170,167	-24.34
	Cumulative	419,387	-	-	514,515	-18.49
Net Income Attributable to Controlling Interest	Specified Quarter	128,751	187,491	-31.33	170,167	-24.34
	Cumulative	419,387	-	-	514,515	-18.49

* Represents the sum of ‘insurance revenues’ and ‘insurance finance income and investment income’.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				Shinhan Financial Group Co., Ltd.
				(Registrant)
Date: October 27, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer