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Woori Financial Group Inc.

Woori Financial Group Inc.

NYSE•WF
CEO: Mr. Jong-Yong Yim
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2003-10-01
Woori Financial Group Inc., together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments. The company offers savings, demand, and installment deposits; time deposits, certificates of deposit, and repurchase instruments; and working capital, facilities, general purpose household, mortgage, and home equity loans. It also offers debit and credit cards, cash services, card loans, and related services; lease financing; and securities operation, sale of financial instruments, project financing, and other related solutions. In addition, the company provides credit purchase, cash advance, credit card loans, foreign exchange services and dealing, import and export-related services, offshore lending, syndicated loans and foreign currency securities investment, investment trust products, bancassurance, and private equity funds. Further, it is involved in the real estate, system software development and maintenance, financing, credit information, securities investment and trading, derivatives trading, asset securitization, investment and international banking, money transfer, and other service. Additionally, the company offers automated telephone, Internet, and mobile banking services; and trust management, trustee, and custodian service. Woori Financial Group Inc. was founded in 1899 and is headquartered in Seoul, South Korea.
Contact Information
51, Sogong-ro, Jung-gu, Seoul, 04632, South Korea
82-2-2125-2050
www.woorifg.com
Market Cap
$14.05B
P/E (TTM)
6.5
15.1
Dividend Yield
4.5%
52W High
$60.48
52W Low
$29.44
52W Range
90%
Rank47Top 61.9%
3.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.78B-62.48%
4-Quarter Trend

EPS

$3.57+42.07%
4-Quarter Trend

FCF

$6.28B-130.73%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Income Rises 20.7% Net income grew to 3.17T Won in 2024, driven by strong non-interest income and lower impairment losses compared to 2023 provisions.
Total Loans Grow 7.7% Total net loans reached 386.1T Won by year-end 2024, reflecting 7.7% growth, primarily in domestic corporate and mortgage lending.
Capital Ratios Remain Strong Total capital adequacy ratio stood at 15.71% as of December 31, 2024, exceeding regulatory minimums despite asset growth.
Asset Quality Deteriorates Slightly NPL ratio rose to 0.53% by year-end 2024, up from 0.35% in 2023, driven by stress in corporate credit segments.

Risk Factors

Corporate Credit Quality Decline NPL ratio increased to 0.53% in 2024; significant exposure remains concentrated in SMEs (34.8% of loans) and troubled sectors.
Net Interest Margin Compression NIM fell to 1.82% in 2024, pressured by lower average loan yields and increased funding costs from rising deposit rates.
Regulatory/Sanctions Exposure Risk Continued engagement in limited transactions involving Iran and Russia subjects the Group to potential adverse regulatory actions and reputation harm.
Internal Control Vulnerabilities Past employee misconduct and control failures necessitate ongoing, costly remediation efforts to meet heightened regulatory expectations.

Outlook

NIM Pressure Expected Future NIM trajectory depends on the impact of late 2024 policy rate cuts versus sustained high funding costs from deposits.
Asset Quality Monitoring Critical Delinquency ratios for SMEs may rise further in 2025; continued rigorous credit risk management is essential for asset quality.
Accelerate Value-Up Strategy Focus remains on the mid-to-long-term Value-Up Program goals: enhancing ROE, achieving capital targets, and strengthening governance.
Non-Banking Diversification Push Strategy emphasizes cross-selling synergies and expanding into non-banking sectors, pending regulatory approval for recent life insurance acquisitions.

Peer Comparison

Revenue (TTM)

Woori Financial Group Inc.WF
$15.13B
-4.6%
Fifth Third BancorpFITB
$12.82B
-2.4%
Citizens Financial Group, Inc.CFG
$12.02B
-3.9%

Gross Margin (Latest Quarter)

Banco de ChileBCH
100.0%
+35.5pp
Woori Financial Group Inc.WF
100.0%
+57.5pp
First Horizon CorporationFHN
100.0%
+39.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FITB$32.50B13.611.7%8.9%
CFG$26.12B15.46.8%4.8%
RF$24.78B11.311.5%3.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-26.8%
Growth Under Pressure
4Q Net Income CAGR
43.2%
Profitability Improved
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 5, 2026
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EPS:-
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Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 28, 2025|
    Revenue: $18.92B+171.1%
    |
    EPS: $8.71+22.3%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 29, 2024|
    Revenue: $7.29B-5.2%
    |
    EPS: $7.43-22.9%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 21, 2023|
    Revenue: $7.76B+13.7%
    |
    EPS: $9.74+20.4%
    Meet

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: May 16, 2022|
    Revenue: $7.70B+28.3%
    |
    EPS: $9.12+99.8%
    Beat

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 30, 2021|
    Revenue: $5.83B-11.3%
    |
    EPS: $4.44-36.1%
    Miss