Company Overview - Woori Bank is based in Seoul and operates in the Finance sector, with a year-to-date share price change of 23.06% [3] - The current dividend payout is $0.3 per share, resulting in a dividend yield of 3.26%, which is lower than the Banks - Foreign industry's yield of 3.85% and significantly higher than the S&P 500's yield of 1.56% [3] Dividend Performance - The annualized dividend of Woori Bank is $1.21, reflecting an impressive increase of 89.7% from the previous year [4] - Over the past five years, the company has increased its dividend three times, with an average annual increase of 0.01% [4] - The current payout ratio stands at 16%, indicating that Woori Bank distributes 16% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2024, Woori Bank is projected to achieve solid earnings growth, with the Zacks Consensus Estimate predicting earnings of $8.21 per share, which represents a year-over-year growth rate of 10.65% [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [6] - Woori Bank is positioned as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]

tupungato Woori Financial Group (NYSE:WF), Korea's fourth-largest banking group by asset size, is among the cheapest Korean stocks, trading at 0.4 P/B and 4.41 P/E despite being a perfectly healthy bank that is even looking to expand through M&A activity. Furthermore, the bank currently pays a 7.50% dividend yield while having a dividend payout ratio of less than 30%. If WF were located in most developed countries it would be much more expensive, but WF is a Korean bank and is subject to the dreaded Korean ...

| --- | --- | --- | --- | --- | |-------------------------------------------------------|--------------------------------------|---------------------------------|-----------------------------------------|-------------------------------| | Beginning balance | For the \nStage 1 \n(15,846) | six-month \nStage 2 \n — | period ended June \nStage 3 \n— | 30, 2024 \nTotal \n(15,846) | | Transfer to 12-month expected credit losses | — | — | — | — | | Transfer to lifetime expected credit losses | — | — | — | — | | T ...

Woori Financial Group Inc. (NYSE:WF) Q2 2023 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Han Hong Sung - Head of Investor Relations Lee Sung-Wook - Group Chief Financial Officer Conference Call Participants Han Hong Sung Good afternoon, ladies and gentlemen. I'm Han Hong Sung, Head of IR, here at Woori Financial Group. I would like to sincerely thank all of you for taking the time to participate in Woori Financial Group's Earnings Conference Call despite your busy schedules. On to ...

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term pr ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued ...

Table of Contents As filed with the Securities and Exchange Commission on April 29, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 001-31811 Woori Financial Group Inc. (Exact name of Registrant as ...

Woori Financial Group Inc. (NYSE:WF) Q1 2024 Results Conference Call April 26, 2024 8:00 AM ET Company Participants Han Hong Sung - Head of IR Lee Sung-Wook - Group CFO Oak Il-Jin - Group CDO Park Jang-Geun - Group CRO Han Hong Sung Hello. Good afternoon. I am Han Hong Sung, Head of the IR Department at Woori Financial Group. Let me first begin by thanking everyone for taking time to participate in this Earnings Call for Woori Financial Group. On today's call, we have Group CFO, Lee Sung-Wook; Group CDO, Oa ...

Table of Contents Exhibit 99.1 WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2023 Table of Contents WOORI FINANCIAL GROUP INC. | | Page(s) | | --- | --- | | Independent Auditor's Report | 1-4 | | Consolidated Financial Statements | | | Consolidated Statements of Financial Position | 6 | | Consolidated Statements of Comprehensive Income | 7-8 | | Consolidated Statements of Changes in Equity | 9 | | Consolidated Statements of Cash Flows ...

Summary of Woori Financial Group FY2023 Earnings Conference Call Company Overview - **Company**: Woori Financial Group Inc. (NYSE: WF) - **Date of Call**: February 6, 2024 Key Financial Performance - **Net Income**: KRW 2,516.7 billion, a decrease of 19.9% year-over-year due to one-off factors including preemptive provisions and corporate expenses [4][36] - **SG&A Expenses**: KRW 4,443.9 billion, a decrease of 1.9% year-over-year despite inflationary pressures [6][18] - **Cost-Income Ratio**: 43.5%, a decrease of 0.9 percentage points year-over-year, indicating stable operational efficiency [6][19] - **Credit Cost**: Totaled KRW 1,880.7 billion for 2023, approximately double the previous year, reflecting proactive risk management [7][21] - **MPL Ratio**: 0.35% with a coverage ratio of 229%, the highest level to date, indicating strong loss absorption capabilities [8][22] - **CET1 Ratio**: Expected to be 11.9%, a 0.3% increase from the previous year, demonstrating prudent risk management [9][23] Revenue and Income Sources - **Net Interest Income**: KRW 8,742.5 billion, stable compared to the prior year, but with a 2% decrease in Q4 [11][12] - **Non-Interest Income**: KRW 1,094.8 billion, a decrease of 4.7% year-over-year, but core fee income showed a solid growth trend [15][16] Loan and Asset Management - **Total Loans**: KRW 311 trillion, a 5.1% increase year-over-year, with corporate loans growing by 8% [13][14] - **Real Estate Project Finance Loans**: Total of KRW 3.4 trillion, with proactive evaluations and risk management strategies in place [42][43] Capital Management and Shareholder Returns - **Dividends**: Year-end dividend of KRW 641 per share, with a total shareholder return rate of 33.7% [9][27] - **Shareholder Return Policy**: Plans to increase total shareholder return to 35% when CET1 ratio is above 13% [31][29] - **Future Plans**: Focus on enhancing capital adequacy and managing risk-weighted assets to support shareholder returns [32][33] Risk Management Insights - **Delinquency Rates**: Slight increases in delinquency rates for Woori Bank (0.26%) and Woori Card (1.22%), but still among the lowest in the industry [39] - **Proactive Risk Management**: Emphasis on preemptive provisioning and strengthening loss absorption capacity, particularly in vulnerable sectors [40][41] Strategic Outlook - **2024 Focus**: Emphasis on asset soundness and capital adequacy, with plans to improve portfolio quality and manage high-risk assets [45] - **Market Conditions**: Anticipation of continued high interest rates and market instability, necessitating a robust risk management framework [45] Additional Notes - **Corporate Value Program**: Aimed at addressing stock market undervaluation and enhancing shareholder returns [32] - **Future Dividend Plans**: Aiming to restore dividends to 2022 levels and increase in the future [34] This summary encapsulates the key points discussed during the earnings call, highlighting Woori Financial Group's financial performance, strategic initiatives, and risk management efforts.