Shinhan Financial Group (SHG) reported strong Q1 2026 results, beating analyst expectations with EPS of $2.31 vs $2.16 forecast. Revenue reached $2.84 billion, surpassing the $2.71 billion estimate.
Despite strong earnings, the stock fell 2.57% in aftermarket trading to $64, reflecting complex investor sentiment amid macroeconomic uncertainties.
Net income rose to KRW 1,622.6 billion, up 9% YoY, driven by higher non-interest income. Return metrics ROE and ROTCE improved to 11.9% and 13.4% respectively.
CEO Jin Hyun stated: 'Our diversified revenue streams and disciplined capital management position us well to navigate challenges and capitalize on growth opportunities.'
CFO Jang Jonghoon highlighted the commitment to enhancing shareholder value. The company unveiled its 'Shinhan Value Up 3.0 Plus' plan targeting ROE of 10%+, total shareholder return of 50%+, and CET1 ratio of 13%+.
The stock trades at a P/E of 9.49 and PEG of 0.58, with analysts setting a price target of $91.71, implying ~35% upside.
