iM Financial Group said on the 27th that it posted 295.6 billion won in cumulative net income attributable to controlling shareholders for the first half of 2026. That was down 4.4% from the first half of last year.
The group noted that changes related to the education tax applied from this year and a higher provision amount due to asset growth led to a slight decline in net income.
However, on the back of iM Bank's growth in loans to corporations and iM Capital's growth in operating assets, interest income rose 4.1% from a year earlier. In addition, with the capital market picking up, non-interest income contributions at iM Securities expanded, lifting total operating income 4.4% year over year.
iM Bank's first-half net income was 245.7 billion won. First-half loans to corporations grew 5.9%, driving asset growth, and as a result the outstanding loan balance in won surpassed 60 trillion won for the first time.
The delinquency rate and the ratio of substandard-or-below loans, which indicate soundness, were managed stably at 0.87% and 0.94%, respectively, and the credit cost ratio also stabilized downward to 0.41%.
iM Capital posted 39.5 billion won in net income for the first half alongside 13.9% growth in operating assets, while iM Securities, supported by a revitalized capital market, saw a sharp increase in fee income and logged 44.9 billion won in net income (separate basis). iM Life recorded 18.2 billion won in net income, up 31.9% from a year earlier.
The iM Financial Group board resolved to additionally buy back and cancel 30 billion won worth of treasury shares. Compared with the 20 billion won in treasury share buybacks and cancellations in the second half of last year, that is an increase of 50%. Upon completion, the cumulative size of treasury share buybacks and cancellations will reach 130 billion won.
iM Financial Group, under the plan to boost corporate value released in Oct. 2024, will carry out a total of 150 billion won in treasury share buybacks and cancellations through 2027.