BNK Financial Group (138930)

BNK Financial Group (138930) is Korea’s largest regional banking group, built on Busan Bank and Kyongnam Bank in the country’s southeast industrial belt. In ETFpedia it is the regional-bank yield engine of the Korea Financials & Holdings High Dividend concept: Q1 2026 net profit rose 26.9% to ₩211.4 billion, and the quarterly dividend rose 25% to ₩150.

Ticker138930
ExchangeKOSPI
SectorFinancials · Banks (Regional Holding)
CountrySouth Korea
Held by ETFDAISHIN343 금융&지주고배당 ETF (0189Z0)
WikidataQ19939177
Last updated2026-06-10
Financial snapshotas of2026-06-10

Next event:Next report · H1 2026 반기보고서 (semi-annual report), estimated · Estimated from Korea's 45-day semi-annual filing deadline; not company-confirmed. BNK customarily discloses Q2 group results in late July or early August. (source)

Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-04-30)

BNK Financial Group reported Q1 2026 net profit of ₩211.4 billion, up 26.9% year over year, as interest income rose and credit costs fell. Banking subsidiaries earned ₩175.6 billion and non-bank units ₩59.6 billion, CET1 reached 12.30%, and the board declared a ₩150 quarterly dividend, up 25%, with a ₩60 billion first-half buyback-and-cancellation program.

Net profit (controlling interests)₩211.4bn+26.9%YoY
Banking subsidiaries net profit₩175.6bn · Busan Bank +₩22.5bn, Kyongnam Bank -₩1.9bn year over year
Non-bank subsidiaries net profit₩59.6bn · Capital, securities, savings bank, and asset management all improved
CET1 ratio12.30% · Up 5bp year over year
NPL ratio / delinquency rate1.57% / 1.42% · Up 15bp / 28bp from the prior quarter

Primary source

Revenue by segment

Banking subsidiaries (Q1 2026 net profit)₩175.6bn+₩20.6bn YoY
Non-bank subsidiaries (Q1 2026 net profit)₩59.6bn+₩25.3bn YoY

Recent & upcoming events

  • · FY2025 results: ₩815 billion net profit, payout ratio 28.1%.Full-year 2025 net profit rose ₩86.5 billion year over year to ₩815 billion, and the board set the annual dividend at ₩735 a share (₩360 in quarterly dividends plus a ₩375 final), a 28.1% payout ratio, with CET1 at 12.34%. (source)
  • · Q1 2026 results: profit up 26.9%, quarterly dividend up 25%.Net profit reached ₩211.4 billion on stronger interest income and lower credit costs; the board declared a ₩150 quarterly dividend and a ₩60 billion first-half buyback-and-cancellation program, 50% larger than a year earlier. (source)
  • · Constituent universe of the KRX-Akros high-dividend index goes investable.The DAISHIN343 금융&지주고배당 ETF (0189Z0), tracking the KRX-Akros Financial & Holdings High Dividend Index of high-yield, low-PBR Korean financials and holding companies, listed on KRX. (source)

Q1 2026 figures are from BNK's company-distributed earnings release (Newswire) and Korean press coverage; audited detail follows in the DART 분기보고서. Value-up targets are from press and brokerage coverage of the group's disclosed plan.

Figures are as of 2026-06-10 and reflect the most recent public filings/IR releases; they are updated after each earnings report.

What does BNK Financial Group do?

BNK is the holding company for the two dominant banks of Korea’s southeast: Busan Bank and Kyongnam Bank, which lend into the shipbuilding, machinery, and auto-parts economy around Busan, Ulsan, and South Gyeongsang. In Q1 2026 the banking subsidiaries earned ₩175.6 billion (Busan Bank up ₩22.5 billion year over year, Kyongnam Bank down ₩1.9 billion), while the non-bank lineup of BNK Capital, BNK Investment Securities, BNK Savings Bank, and BNK Asset Management added ₩59.6 billion, up ₩25.3 billion (BNK; Insight Korea). The group model mirrors the national holding companies, only concentrated in one regional economy, which is both its franchise and its discount.

Why is BNK a Korea financials high-dividend name?

Because it runs the same payout machinery as Shinhan or Hana from a cheaper valuation. BNK paid ₩735 a share for fiscal 2025, a 28.1% payout ratio on a record ₩815 billion profit, and pays quarterly (In The News). Its value-up plan points the same direction as the national groups: a 12.5% CET1 ratio and a 50% shareholder return ratio by 2027 (Alpha Economy). The 2026 cadence shows the ramp in motion, with the Q1 quarterly dividend up 25% to ₩150 and the first-half buyback-and-cancellation up 50% to ₩60 billion (BNK). The group’s CFO tied the mix explicitly to Korea’s new dividend tax regime:

“We will do our utmost to raise shareholder value by increasing the share of buybacks and cancellations, within a range that stably expands cash dividends so that we can meet the high-dividend company requirements for dividend-income separate taxation.” (translated)

— Park Sung-wook, CFO, BNK Financial Group (Insight Korea, Apr 30, 2026)

What did BNK report most recently?

In Q1 2026 (quarter ended March 31, 2026), net profit attributable to controlling interests was ₩211.4 billion, up 26.9% year over year, as interest income grew and credit costs fell even with non-interest income softer and expenses higher (BNK). Capital strengthened, with CET1 at 12.30%, up 5 basis points year over year. The caveat sits in asset quality: the NPL ratio rose 15 basis points from the prior quarter to 1.57% and the delinquency rate rose 28 basis points to 1.42%, a reminder that a regional SME book feels the credit cycle early (Insight Korea).

What are the risks for BNK Financial Group?

  • Regional concentration. The loan book lives where Korea’s shipbuilding, machinery, and auto-parts industries live; a downturn in the southeast hits BNK harder than a diversified national group.
  • Asset quality. The 1.57% NPL ratio and 1.42% delinquency rate both rose in Q1 2026; provisioning eats directly into the profit that funds the payout (BNK).
  • Capital below target. CET1 of 12.30% still trails the 12.5% level the value-up plan ties to the 50% return ratio, so the payout ramp depends on capital build (Alpha Economy).
  • Rate cycle. Falling policy rates compress the net interest margin that produced the Q1 profit growth, the same lever working in reverse.

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Frequently asked questions about BNK Financial Group

What does BNK Financial Group do?

BNK Financial Group is Korea's largest regional banking group, anchored by Busan Bank and Kyongnam Bank in the southeast industrial belt around Busan, Ulsan, and South Gyeongsang. In Q1 2026 its banking subsidiaries earned ₩175.6 billion and its non-bank units, spanning capital finance, securities, savings banking, and asset management, earned ₩59.6 billion (BNK; Insight Korea).

What did BNK Financial Group report in Q1 2026?

Net profit attributable to controlling interests of ₩211.4 billion, up 26.9% year over year, as interest income grew and credit costs fell. Asset quality weakened at the margin, with the NPL ratio at 1.57% (+15bp) and the delinquency rate at 1.42% (+28bp), while CET1 stood at 12.30%. The board declared a ₩150 quarterly dividend and a ₩60 billion first-half buyback-and-cancellation program (BNK; Insight Korea).

Why is BNK Financial Group considered a high-dividend stock?

Because it pays like the national holding groups from a cheaper starting point. BNK paid ₩735 a share for fiscal 2025, a 28.1% payout ratio, pays dividends quarterly, and raised the Q1 2026 quarterly dividend 25% to ₩150 while expanding its first-half buyback-and-cancellation 50% to ₩60 billion (In The News; BNK). Its value-up plan targets a 50% shareholder return ratio with a 12.5% CET1 ratio by 2027 (Alpha Economy).

What are BNK's value-up targets?

A CET1 ratio of 12.5% and a shareholder return ratio of 50% by 2027, with cash dividends expanded steadily and the buyback-and-cancellation share maximized within that range (Alpha Economy). CET1 stood at 12.30% at the end of Q1 2026, so capital build remains the gating variable for the payout ramp (BNK).

When does BNK Financial Group report its next earnings?

Korean issuers do not pre-announce earnings dates. BNK customarily discloses second-quarter group results in late July or early August, and the regulatory H1 2026 반기보고서 (semi-annual report) is due around August 14, 2026 under Korea's 45-day deadline; both dates are estimated. It last released Q1 2026 results on April 30, 2026 (BNK).

Sources & references

  1. BNK금융그룹, 2026년 1분기 실적 발표 (보도자료) · BNK Financial Group (via Newswire), 2026-04-30
  2. BNK금융, 1분기 순이익 2114억원…전년比 26.9% 증가 · Insight Korea (인사이트코리아), 2026-04-30
  3. [2025 연간실적] BNK금융그룹, 2025년 순이익 8150억원 · In The News (인더뉴스), 2026-02-06
  4. [전망] BNK금융, 내년 최대 순이익...2027년 주주환원율 50% 기대 · Alpha Economy (알파경제)
  5. BNK금융그룹 (corporate site) · BNK Financial Group
  6. 대신자산운용, 'DAISHIN343 금융&지주고배당 ETF' 신규 상장 · Newspim, 2026-06-09