JB Financial Group disclosed on the 23rd that it posted 166.1 billion won in net income for the first quarter. That was up 2.1% from a year earlier.
According to the filing, JB Financial Group recorded a return on equity (ROE) of 11.2% and a return on assets (ROA) of 0.94% in the first quarter of this year. Its common equity Tier 1 ratio (CET1) (provisional) was 12.61%, up 0.03 percentage points from the end of the previous year.
First-quarter results were led by JB Woori Capital. Net income came to 72.7 billion won, up 24.3% from a year earlier. In addition, Kwangju Bank posted 61.1 billion won in net income, and Jeonbuk Bank reported 39.9 billion won.
JB Asset Management and JB Investment reported 1.1 billion won and 3.0 billion won, respectively, while its subsidiary Phnom Penh Commercial Bank (PPCBank) in Cambodia posted net income of 12.4 billion won, up 21% from a year earlier.
On the day, the JB Financial board resolved to pay quarterly cash dividends of 311 won per common share. That is about double the dividend of 160 won per share in the first quarter of last year.