Shinhan Financial Group (NYSE: SHG) Q2 2026 profit rises across key units

Rhea-AI Filing Summary

Shinhan Financial Group reported preliminary consolidated results for 2Q 2026 under Korean International Financial Reporting Standards. Revenue for the specified quarter was 25,063,156 (KRW million), down 12.04% quarter-on-quarter but up 7.92% year-on-year. Operating income reached 2,476,281 (KRW million), rising 14.94% QoQ and 22.94% YoY. Net income was 1,846,651 (KRW million), an increase of 11.98% QoQ and 17.08% YoY, with net income attributable to controlling interest at 1,820,135 (KRW million).

At Shinhan Bank (consolidated), 2Q 2026 net income was 1,301,581 (KRW million), up 12.44% QoQ and 14.28% YoY, despite lower revenue. Shinhan Card delivered net income of 139,097 (KRW million), up 19.22% QoQ and 23.77% YoY. Shinhan Life recorded net income of 187,491 (KRW million), increasing 81.77% QoQ and 4.64% YoY, with revenue up 78.68% YoY. All figures are preliminary, based on fair disclosure materials and subject to change after independent auditor review, with full IR materials available on the group’s website.

Key Figures

Consolidated Revenue 2Q 2026: 25,063,156 (KRW million) Consolidated Net Income 2Q 2026: 1,846,651 (KRW million) Net Income Attributable to Controlling Interest 2Q 2026: 1,820,135 (KRW million) +3 more

6 metrics

Consolidated Revenue 2Q 2026 25,063,156 (KRW million) Specified quarter consolidated revenue; -12.04% QoQ, 7.92% YoY

Consolidated Net Income 2Q 2026 1,846,651 (KRW million) Specified quarter consolidated net income; 11.98% QoQ, 17.08% YoY increase

Net Income Attributable to Controlling Interest 2Q 2026 1,820,135 (KRW million) Specified quarter, up 12.17% QoQ and 17.50% YoY

Shinhan Bank Net Income 2Q 2026 1,301,581 (KRW million) Specified quarter bank consolidated net income; 12.44% QoQ, 14.28% YoY increase

Shinhan Card Net Income 2Q 2026 139,097 (KRW million) Specified quarter; 19.22% QoQ and 23.77% YoY increase

Shinhan Life Net Income 2Q 2026 187,491 (KRW million) Specified quarter; 81.77% QoQ and 4.64% YoY increase

Key Terms

Korean International Financial Reporting Standards, Net Income Attributable to Controlling Interest, preliminary operating results, foreign private issuer

4 terms

Korean International Financial Reporting Standards financial

"information in this report has been prepared in accordance with Korean International Financial Reporting Standards"

Net Income Attributable to Controlling Interest financial

"Net Income Attributable to Controlling Interest | Specified Quarter | 1,820,135"

preliminary operating results financial

"Shinhan Financial Group released its preliminary operating results for 2Q 2026"

foreign private issuer regulatory

"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

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Available on EDGAR 07/23/2026 - 07:40 AM Accepted by SEC EDGAR 07/23/2026 - 07:39 AM Learn about SEC filing dates

FAQ

What were Shinhan Financial Group (SHG)'s consolidated 2Q 2026 results?

Shinhan Financial Group reported 2Q 2026 consolidated revenue of 25,063,156 (KRW million) and net income of 1,846,651 (KRW million). Revenue declined 12.04% quarter-on-quarter but grew 7.92% year-on-year, while net income increased 11.98% QoQ and 17.08% YoY.

How did Shinhan Bank perform in 2Q 2026 within SHG?

Shinhan Bank (consolidated) generated 2Q 2026 net income of 1,301,581 (KRW million), up 12.44% quarter-on-quarter and 14.28% year-on-year. Revenue fell 35.06% QoQ and 23.91% YoY, while operating income rose 15.53% QoQ and 15.07% YoY.

What were Shinhan Card’s key 2Q 2026 results for SHG?

Shinhan Card reported 2Q 2026 net income of 139,097 (KRW million), increasing 19.22% quarter-on-quarter and 23.77% year-on-year. Operating income was 184,538 (KRW million), up 27.79% QoQ and 32.83% YoY, while revenue decreased 7.54% QoQ and 10.46% YoY.

How did Shinhan Life contribute to SHG’s 2Q 2026 performance?

Shinhan Life posted 2Q 2026 net income of 187,491 (KRW million), rising 81.77% quarter-on-quarter and 4.64% year-on-year. Revenue reached 3,992,665 (KRW million), up 46.05% QoQ and 78.68% YoY, while cumulative net income declined 15.60% YoY.

Are SHG’s 2Q 2026 figures final and what standards are applied?

The 2Q 2026 figures for Shinhan Financial Group are preliminary and prepared under Korean International Financial Reporting Standards. They are based on fair disclosure materials and remain subject to review by an independent auditor, so the contents may change during that process.

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 July 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 

2Q2026 Preliminary Operating Results of Shinhan Financial Group

On July 23, 2026, Shinhan Financial Group released its preliminary operating results for 2Q 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		2Q 2026	1Q 2026	QoQ Change (%)	2Q 2025	YoY Change (%)
Revenue*	Specified Quarter	25,063,156	28,492,432	-12.04	23,224,017	7.92
	Cumulative	53,555,588	28,492,432	-	39,340,056	36.14
Operating Income	Specified Quarter	2,476,281	2,154,453	14.94	2,014,257	22.94
	Cumulative	4,630,734	2,154,453	-	3,958,471	16.98
Income before Income Taxes	Specified Quarter	2,515,975	2,221,382	13.26	2,072,124	21.42
	Cumulative	4,737,357	2,221,382	-	4,077,682	16.18
Net Income	Specified Quarter	1,846,651	1,649,148	11.98	1,577,234	17.08
	Cumulative	3,495,799	1,649,148	-	3,094,280	12.98
Net Income Attributable to Controlling Interest	Specified Quarter	1,820,135	1,622,594	12.17	1,549,053	17.50
	Cumulative	3,442,729	1,622,594	-	3,037,399	13.34

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

. Preliminary Operating Results of Shinhan Bank (Consolidated)

					(KRW million)
Item		2Q 2026	1Q 2026	QoQ Change (%)	2Q 2025	YoY Change (%)
Revenue*	Specified Quarter	11,790,413	18,156,749	-35.06	15,495,332	-23.91
	Cumulative	29,947,162	18,156,749	-	25,185,766	18.91
Operating Income	Specified Quarter	1,693,081	1,465,475	15.53	1,471,353	15.07
	Cumulative	3,158,556	1,465,475	-	2,931,486	7.75
Income before Income Taxes	Specified Quarter	1,729,299	1,497,439	15.48	1,479,398	16.89
	Cumulative	3,226,738	1,497,439	-	2,957,954	9.09
Net Income	Specified Quarter	1,301,581	1,157,576	12.44	1,138,961	14.28
	Cumulative	2,459,157	1,157,576	-	2,267,245	8.46
Net Income Attributable to Controlling Interest	Specified Quarter	1,301,383	1,157,131	12.47	1,138,742	14.28
	Cumulative	2,458,514	1,157,131	-	2,266,815	8.46

* 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		2Q 2026	1Q 2026	QoQ Change (%)	2Q 2025	YoY Change (%)
Revenue*	Specified Quarter	1,569,249	1,697,189	-7.54	1,752,589	-10.46
	Cumulative	3,266,439	1,697,189	-	3,221,746	1.39
Operating Income	Specified Quarter	184,538	144,409	27.79	138,924	32.83
	Cumulative	328,946	144,409	-	317,314	3.67
Income before Income Taxes	Specified Quarter	182,336	152,638	19.46	139,947	30.29
	Cumulative	334,973	152,638	-	320,485	4.52
Net Income	Specified Quarter	139,097	116,673	19.22	112,388	23.77
	Cumulative	255,770	116,673	-	249,266	2.61
Net Income Attributable to Controlling Interest	Specified Quarter	137,974	115,449	19.51	110,938	24.37
	Cumulative	253,422	115,449	-	246,640	2.75

* 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		2Q 2026	1Q 2026	QoQ Change (%)	2Q 2025	YoY Change (%)
Revenue*	Specified Quarter	3,992,665	2,733,789	46.05	2,234,585	78.68
	Cumulative	6,726,454	2,733,789	-	3,980,327	68.99
Operating Income	Specified Quarter	266,348	144,643	84.14	235,933	12.89
	Cumulative	410,991	144,643	-	467,307	-12.05
Income before Income Taxes	Specified Quarter	258,090	139,307	85.27	231,847	11.32
	Cumulative	397,397	139,307	-	455,358	-12.73
Net Income	Specified Quarter	187,491	103,145	81.77	179,176	4.64
	Cumulative	290,636	103,145	-	344,348	-15.60
Net Income Attributable to Controlling Interest	Specified Quarter	187,491	103,145	81.77	179,176	4.64
	Cumulative	290,636	103,145	-	344,348	-15.60

* 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: July 23, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer