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Investors interested in Banks - Foreign stocks are likely familiar with KB Financial (KB) and Nu Holdings Ltd. (NU) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate rev ...

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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

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Table of Contents As filed with the Securities and Exchange Commission on April 25, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...

1Q25 Business Results April 2025 Disclaimer 1. The consolidated financial information of KB Financial Group Inc. (the "Group") presented herein is based on the Korean International Financial Reporting Standards(K- IFRS). It is currently being reviewed by the Group's independent auditor, and accordingly, is subject to change. 2. The consolidated financial information for 2022 and 2023 presented herein have been restated retrospectively based on the FSS's response to inquiry on Korean IFRS17(K-IFRS) 3. From 4 ...

Audit and Financial Reporting - KB Financial Group Inc. disclosed the audit reports of Kookmin Bank for fiscal year 2024, which are based on International Financial Reporting Standards[3]. - The financial statements for Kookmin Bank as of December 31, 2024, and 2023, remain subject to change and have not yet been approved by shareholders[3]. - The independent auditor, Samil PricewaterhouseCoopers, provided an opinion that the consolidated financial statements present fairly the financial position of the Group as of December 31, 2024, and 2023[11]. - The audit was conducted in accordance with Korean Standards on Auditing, ensuring independence and ethical compliance[12]. - Management is responsible for the preparation of the consolidated financial statements and ensuring they are free from material misstatement[14]. - The auditor's report emphasizes the importance of assessing the Group's ability to continue as a going concern[15]. - The audit procedures included evaluating the appropriateness of accounting policies and the reasonableness of estimates made by management[21]. - The audit report is effective as of March 5, 2025, and may need revision if subsequent events impact the financial statements[20]. - The audit findings will be communicated to those charged with governance, highlighting any significant deficiencies in internal control[19]. Financial Performance - Total assets increased to W 562,887,180 million in 2024, up from W 530,012,853 million in 2023, representing a growth of approximately 6.7%[22]. - Net interest income rose to W 10,223,872 million in 2024, compared to W 9,870,067 million in 2023, reflecting an increase of about 3.6%[24]. - Profit for the period was W 3,151,402 million in 2024, slightly up from W 3,149,952 million in 2023, indicating a marginal growth of 0.05%[24]. - Total liabilities increased to W 524,859,860 million in 2024, from W 493,464,126 million in 2023, marking an increase of approximately 6.4%[22]. - Deposits grew to W 421,200,651 million in 2024, up from W 393,246,702 million in 2023, which is an increase of about 7.1%[22]. - Total equity reached W 38,027,320 million in 2024, compared to W 36,548,727 million in 2023, reflecting a growth of approximately 4.1%[26]. - The provision for credit losses decreased significantly to W 680,087 million in 2024 from W 1,608,128 million in 2023, a reduction of about 57.7%[24]. - Comprehensive income for the period was W 3,319,506 million in 2024, down from W 3,760,873 million in 2023, representing a decline of approximately 11.7%[24]. - The bank's capital surplus decreased to W 4,650,118 million in 2024 from W 4,735,404 million in 2023, a decrease of about 1.8%[26]. - The net defined benefit asset decreased to W 163,892 million in 2024 from W 228,565 million in 2023, a decline of approximately 28.3%[22]. Cash Flow and Investments - Net cash inflow from operating activities decreased to W 5,297,103 million in 2024 from W 7,422,240 million in 2023, a decline of 28.6%[28]. - Net cash outflow from investing activities increased to W 1,457,041 million in 2024 from W 350,930 million in 2023, indicating a rise of 314.5%[28]. - Net cash outflow from financing activities decreased to W 5,823,531 million in 2024 from W 7,825,942 million in 2023, a reduction of 25.6%[28]. - Cash and cash equivalents at the end of the period decreased to W 21,489,706 million in 2024 from W 22,561,791 million in 2023, a decline of 4.8%[28]. Operational Overview - The Bank operates 800 domestic branches and 11 overseas branches as of December 31, 2024[33]. - The Bank's paid-in capital as of December 31, 2024, is W 2,021,896 million[32]. Compliance and Accounting Policies - The Group's financial statements are prepared in accordance with Korean IFRS, ensuring compliance with international standards[34]. - The Group expects that amendments to Korean IFRS will not have a significant impact on the consolidated financial statements[44]. - The Group fully consolidates subsidiaries from the date control is transferred and de-consolidates when control is lost[57]. - The Group measures identifiable assets and liabilities in a business combination at acquisition-date fair values[62]. - The Group applies the equity method for investments in associates, adjusting the carrying amount based on the Group's share of profit or loss[66]. - Unrealized gains and losses from transactions between the Group and associates are eliminated to the extent of the Group's share in associates[66]. - The Group recognizes financial assets and liabilities at fair value upon initial recognition, with subsequent measurement based on classification[81][84]. - The fair value of financial instruments is determined using quoted prices in active markets or valuation techniques when no active market exists[86][87]. - The Group derecognizes financial assets when contractual rights to cash flows expire or when it transfers substantially all risks and rewards of ownership[96]. - The Group recognizes exchange differences arising from foreign currency transactions in profit or loss, except for certain net investments[75]. - The Group translates the results of foreign operations into the presentation currency using average exchange rates for the period[77]. - The Group's Fair Value Evaluation Committee reviews and approves the appropriateness of valuation models used for fair value measurement[92]. Credit Risk and Financial Assets - The Group recognizes expected credit losses for financial assets at amortized cost and fair value through other comprehensive income, with a focus on significant increases in credit risk since initial recognition[110]. - As of December 31, 2024, the expected credit loss allowances under the deterioration scenario amount to 2,152,009 million Korean won, while the crisis situation scenario amounts to 4,323,709 million Korean won[122]. - The Group measures expected credit losses based on a range of macroeconomic variables, including benchmark interest rates and unemployment rates, to assess credit risk[118]. - Financial assets at fair value through profit or loss are measured at fair value, with gains or losses recognized in profit or loss[105]. - The Group applies a general approach for measuring expected credit losses, differentiating based on whether credit risk has increased significantly after initial recognition[111]. Derivative Instruments and Risk Management - Derivative financial instruments are initially recognized at fair value and subsequently measured at fair value, with changes recognized in profit or loss[133]. - The Group's derivative financial instruments business focuses on managing interest rate and currency risks for corporate clients[130]. - The Group hedges interest rate risk entirely and only hedges foreign currency risk related to the proportional part of the notional amount[141]. - The Group uses interest rate swaps to avoid cash flow variability of floating rate debt securities, which may create hedge ineffectiveness due to different payment dates[144]. Asset Measurement and Impairment - The Group measures property and equipment at cost less accumulated depreciation, with buildings depreciated over 20 to 40 years[153]. - Investment properties are measured initially at cost and depreciated using a straight-line method over 40 years[156]. - Intangible assets are initially measured at cost and amortized over their estimated useful life, with software amortized over 4 to 5 years[158]. - Goodwill from business combinations after January 1, 2010, is measured as the excess of consideration transferred over the fair value of net identifiable assets acquired[161]. - The Group assesses non-financial assets for impairment at each reporting period, with impairment losses recognized immediately in profit or loss if the recoverable amount is less than the carrying amount[170]. - Non-current assets held for sale are measured at the lower of carrying amount and fair value less costs to sell, with no depreciation while classified as held for sale[172]. Financial Liabilities and Provisions - Financial liabilities are classified as either at fair value through profit or loss or other financial liabilities, with the latter measured at amortized cost after initial recognition[177]. - The Group recognizes financial liabilities in the consolidated statement of financial position when it becomes a party to the contractual provisions[174]. - Provisions are recognized when there is a present obligation, and a reliable estimate can be made of the amount required to settle the obligation[179]. - Provisions for confirmed and unconfirmed acceptances and guarantees are reviewed at the end of each reporting period and adjusted to reflect the current best estimate[180]. - An onerous contract is recognized when the unavoidable costs exceed the expected economic benefits, measured as provisions[181]. - Financial guarantee contracts are initially recognized at fair value and amortized over the contractual term[183]. Revenue Recognition - Interest income and expense are recognized using the effective interest method, which discounts estimated future cash flows[188]. - Revenue recognition follows a five-step process, including identifying contracts and performance obligations[190]. - Fees related to performance obligations satisfied over time are recognized over the period of performance obligations[195]. - Net gains or losses on financial instruments at fair value through profit or loss include changes in fair value and dividends[199]. - Employee contributions to defined contribution plans are recognized as post-employment benefits for the period[200].

KB Financial Group Inc. (NYSE:KB) Q4 2024 Earnings Conference Call February 7, 2023 2:00 AM ET Company Participants Peter Kweon - Head of Investor Relations Jae Kwan Kim - CFO and SEVP Conference Call Participants Unknown Analyst – SK Securities Jun Jeong - HSBC Jeong Tae Joon - Yuanta Securities Kim Jae-Woo - Samsung Securities Kim Do-ha - Hanwha Securities Cho Jihyun - JP Morgan Peter Kweon Greetings. I am Peter Kweon, the head of IR at KBFG. We will now begin the 2023 full year business results presentat ...

Group 1 - KB Financial Group is one of the largest financial institutions globally and the largest bank conglomerate in South Korea [1] - The group consists of several subsidiaries primarily engaged in banking, credit card services, and financial advisory [1]