KB Financial Group Inc.
KB · NYSE
Company research
KB Financial Group Inc. (NYSE: KB) is South Korea's leading financial services conglomerate, headquartered in Seoul and founded in 2008 through the restructuring of Kookmin Bank into a holding company. The Group operates through 11 major subsidiaries — including KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Asset Management — offering a comprehensive suite of financial products and services spanning retail and corporate banking, investment banking, brokerage, life and non-life insurance, credit card services, asset management, and more. Recognized as one of South Korea's domestically systemically important banks (D-SIBs), KB Financial Group serves over 21 million retail customers alongside a vast base of corporate clients, generating the majority of its revenues from net interest income while diversifying through fee-based financial services. Under the leadership of Chairman & CEO Jong Hee Yang, the Group maintains a strong domestic franchise and an expanding international presence, with total assets exceeding USD 508 billion and a market capitalization of approximately USD 43.7 billion.
Research reports
Mirae Asset maintains a Buy rating with a W216,000 target price, emphasizing KBFG’s industry-leading capital position and substantial planned share buybacks that underpin strong shareholder returns. The report expects 2Q26 net profit to exceed consensus, supported by stable NIM, robust non-interest income and an improving CET1 ratio, while acknowledging execution risks around credit costs and market volatility.
Mirae Asset Securities (Equity Research) · April 24, 2026KB Financial Group – A dependable market leaderThis note characterizes KBFG as a dependable market leader, maintaining a Buy rating and W216,000 target price based on its strong capital ratios and sector‑leading capacity to deliver shareholder returns. It highlights 1Q26 earnings that were in line with the analyst’s forecast yet above consensus, projects a shareholder return ratio above 60%, and notes regulatory changes that should support sustained capital strength and productive finance expansion.
Metrobank Wealth Insights / CreditSights · September 19, 2025KB Financial Group (105560 KS) – Fundamental view and credit qualityThe Metrobank tear sheet presents KBFG as a well‑diversified, systemically important financial group with a leading retail banking franchise, strong customer base, high CET1 ratio and attractive NIM relative to other major Korean financial groups. It underscores growth potential from overseas expansion in Indonesia and Cambodia while cautioning that elevated credit costs, rising NPL ratios and emerging‑market risks remain important factors for investors to monitor.
Mirae Asset Securities (Equity Research) · July 25, 2025KB Financial Group – Annual shareholder return ratio likely to reach 53%Mirae Asset maintains a Buy rating and W167,000 target price, forecasting a full‑year shareholder return ratio of 53% as KBFG implements an W850bn share buyback and cancellation plan that sets a new benchmark for returns in the Korean banking sector. The report notes that 2Q25 earnings beat consensus, with strong non‑interest income and a CET1 ratio around 13.7%, while flagging higher credit costs from preemptive provisioning on real estate exposures as a key risk.