Company Overview - Woori Bank is based in Seoul and operates in the Finance sector, with a year-to-date share price change of 16.41% [3] - The current dividend payout is $0.3 per share, resulting in a dividend yield of 3.45%, which is lower than the Banks - Foreign industry's yield of 3.86% 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 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 is 16%, indicating that Woori Bank paid out 16% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Woori Bank's earnings in 2024 is $8.21 per share, with an expected increase of 10.65% from the previous year [5] Investment Considerations - Woori Bank is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]

Company Overview - Woori Bank is based in Seoul and operates in the Finance sector, with shares experiencing a price change of 18.1% this year [3] - The current dividend payout is $0.3 per share, resulting in a dividend yield of 3.4%, which is lower than the Banks - Foreign industry's yield of 3.85% and higher than the S&P 500's yield of 1.58% [3] Dividend Analysis - The annualized dividend of Woori Bank is $1.21, reflecting an increase of 89.7% from the previous year [4] - Over the past five years, the bank has increased its dividend three times year-over-year, with an average annual increase of 0.01% [4] - The current payout ratio is 16%, indicating that Woori Bank paid out 16% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Woori Bank's earnings in 2024 is $8.21 per share, which represents a year-over-year earnings growth rate of 10.65% [5] Investment Considerations - Woori Bank is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The bank's dividend appeal is enhanced by the potential tax advantages and reduced overall portfolio risk associated with dividend-paying stocks [6]

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]

Credit Card Accounts and Impairment - The beginning balance for Stage 1 credit card accounts was 11,287,068, with an ending balance of 10,532,145, reflecting a net decrease of 754,923[7]. - The total credit impairment model showed a beginning balance of 768,487 and an ending balance of 1,287,639, indicating an increase of 519,152[7]. - For the six-month period ended June 30, 2023, the net increase in credit card receivables was 866,202, while the total credit impairment model increased by 10,777,517[8]. - The company reported a net reversal of allowance for credit losses of 12,570 in Stage 1, while Stage 3 experienced a net provision of (167,464)[6]. - The ending balance for total credit card receivables was 3,128,939, with a net decrease of 877,876 during the period[3]. - The company recorded a charge-off of 158,963 in Stage 3 credit card accounts during the six-month period[6]. - The total credit impairment for Stage 1 was (80,098) at the end of the period, with a beginning balance of (71,139)[6]. - The ending balance for credit impairment model in Stage 2 was (110,146), showing a decrease from the beginning balance of (127,814)[6]. Financial Assets and Liabilities - Total financial assets at FVTPL amounted to 21,544,756 million KRW, with debt securities contributing 6,307,238 million KRW and equity securities at 421,989 million KRW[13]. - Financial assets at FVTOCI totaled 37,891,495 million KRW, primarily driven by debt securities valued at 36,694,111 million KRW[13]. - The total financial liabilities reached 6,291,320 million KRW, with derivative liabilities accounting for 5,943,024 million KRW[13]. - The total financial assets as of June 30, 2024, were 5,875,156 million KRW, with a significant portion from capital contributions at 2,659,555 million KRW[19]. - The total financial liabilities at amortized cost amounted to 455,790,838 million Korean Won, with derivative liabilities at 6,096,031 million Korean Won[27]. - The total financial liabilities as of June 30, 2024, amounted to 32,808,479 million Won, compared to 26,918,902 million Won at the end of 2023, marking an increase of approximately 21.5%[120]. Income and Revenue - The net income for the six-month period ended June 30, 2024, was 93,273 million KRW, with total purchases/issuances amounting to 1,067,174 million KRW[19]. - The company reported a capital contribution increase of 54,051 million KRW during the six-month period, with total capital contributions reaching 2,659,555 million KRW[19]. - The net income for the six-month period ended June 30, 2024, was 1,800,420 million Won, compared to 1,613,812 million Won in 2023, showing an increase of 11.6%[114]. - Operating income for the three-month period ended June 30, 2024, reached 1,253,320 million Won, up from 895,438 million Won in the same period of 2023, representing a significant increase of 40%[114]. - Fees and commissions income for the six-month period ended June 30, 2024, was 1,433,183 million Won, an increase from 1,261,278 million Won in 2023, marking a growth of 13.6%[114]. Investment Funds and Performance - The company is actively involved in various private equity funds, with ownership percentages ranging from 2.1% to 47.8% across different funds, showcasing its diversified investment strategy[29]. - NH Woori Newdeal Growth Alpha Private Equity Fund 1 reported an operating revenue of 40,663 million Won, with a comprehensive income of 38,993 million Won[33]. - Woori General Private Securities Investment Trust No. 5 (Bond) achieved an operating revenue of 6,917 million Won, with a comprehensive income of 5,154 million Won[33]. - Woori Smart General Private Equity Investment Trust 1 reported an operating revenue of 7,373 million and a net income of 3,973 million for the period ending December 31, 2023[34]. - KTBN Venture Fund No.13 achieved an operating revenue of 21,662 million with a net income of 18,507 million[34]. Assets and Property Management - The net carrying value of investment properties as of June 30, 2024, was 2,759,112 million Korean Won, reflecting a decrease from 2,793,077 million Korean Won as of December 31, 2023[40]. - The total acquisition cost of investment properties was 4,578,335 million Korean Won as of June 30, 2024[40]. - The total for accumulated amortization of intangible assets was 85,108 million Korean Won for the six-month period ended June 30, 2024[44]. - The total right-of-use assets at the end of June 2024 were 547,843 million Korean Won, an increase from 370,081 million Korean Won at the end of June 2023[42]. - The total carrying value of investment properties is 3,306,955 million Won, compared to 3,176,759 million Won on December 31, 2023, reflecting an increase of 4.1%[68]. Equity and Capital Structure - As of June 30, 2024, total equity reached 35,147,614 million Won, an increase from 32,691,264 million Won on June 30, 2023, reflecting a growth of approximately 7.5%[116]. - The total amount of hybrid securities increased to 4,409,042 million Won as of June 30, 2024, compared to 3,611,129 million Won at the end of 2023[161]. - The company reported a net defined benefit asset of 107,224 million Won as of June 30, 2024, compared to a net defined benefit asset of 232,321 million Won as of December 31, 2023, indicating a decrease of approximately 53.8%[117]. - The total amount of retained earnings as of June 30, 2024, was 25,916,022 million Won, up from 24,986,470 million Won as of December 31, 2023[161]. - The company issued hybrid securities worth 797,913 million Won during the first half of 2024, contributing to its capital structure[118]. Borrowings and Interest Rates - The interest rate for borrowings from the Bank of Korea (BOK) was 2.0%, with total borrowings in local currency amounting to 14,176,485 million Won[50]. - The total amount of borrowings in foreign currencies was 13,726,098 million Won, with interest rates ranging from 0.0% to 10.6%[50]. - The total amount of borrowings in local currency reached 14,768,494 million Won as of June 30, 2024, reflecting a stable financing structure[80]. - The average interest rate for interest rate swaps (USD) is fixed at 3.60% for receipts and (C.SOFR) + 1.47% for payments[148]. - The total nominal amount for interest rate swaps (USD) is 2,675,000,000, while for KRW it is 300,000[125]. Foreign Operations and Currency Management - The Group's foreign currency exposure arises from investments in Woori America Bank and Woori Bank (Cambodia) PLC, which use USD as their functional currency[124]. - The Group's cash flow hedge strategy aims to mitigate risks from fluctuations in cash flow due to variable interest rates and foreign exchange rates[123]. - The total accumulated profit on foreign currency denominated debentures is 166,906 million KRW, while the accumulated loss on local currency debentures is 2,601 million KRW as of June 30, 2024[153]. - The Group recognized a net operating expense of 46,906 million Won for the six-month period ended June 30, 2024[176]. - The company reported a gain on foreign currency translation of foreign operations amounting to 216,431 million Won for the first half of 2024[116]. Regulatory and Compliance - The Group's financial statements as of December 31, 2023, received an unqualified opinion from auditors, confirming their accuracy and compliance with Korean Standards on Auditing[55]. - The regulatory reserve for credit losses in retained earnings was 2,392,542 million Won as of June 30, 2024[179]. - The Group's credit risk is assessed by adjusting the credit spread based on the Group's credit rating, impacting the fair value of customer deposits[48]. - The Group's total borrowings and debentures details are yet to be fully disclosed, indicating ongoing financial management strategies[106]. - The company recognized changes in the value of hedging instruments amounting to 27,858 million Won in other net operating income for the six-month period ended June 30, 2024[157].

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 ...

Core Viewpoint - The Zacks rating system is a valuable tool for investors, particularly due to its focus on earnings estimate revisions, which are closely linked to stock price movements [1][2][3]. Earnings Estimate Revisions - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [2][3]. - The Zacks rating system effectively utilizes earnings estimate revisions to provide a reliable stock rating [3][6]. Woori Bank Analysis - Woori Bank is projected to earn $8.21 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 10.7% [4]. - The recent upgrade of Woori Bank to a Zacks Rank 2 indicates it is in the top 20% of Zacks-covered stocks based on estimate revisions, suggesting potential for stock price appreciation [10][11]. - Analysts have raised their earnings estimates for Woori Bank, with the Zacks Consensus Estimate increasing by 2.1% over the past three months [15]. Zacks Rating System - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings across over 4000 stocks, with only the top 20% receiving favorable ratings [5][14]. - The system's track record shows that Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, highlighting its effectiveness [14].

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 ...