Abstract

Woori Bank will release its fourth-quarter 2025 results after market close on February 04, 2026; consensus points to higher earnings per share alongside disciplined expense control and stable net interest metrics.

Market Forecast

Market expectations for Woori Bank this quarter center on higher earnings per share at USD 3.45, with EBIT forecast at USD 687.28 million and year-over-year contraction of 12.99%, while the company’s total revenue outlook was not provided in the forecast data; EPS is projected to grow 50.65% year over year. The main business highlight focuses on bank-driven income and credit-related operations, with continued margin discipline expected to sustain profitability; credit cards and investment securities provide diversified fee and interest streams. The segment with the most promising contribution appears to be core banking, supported by deposit repricing and stable credit quality, though explicit quarterly revenue and year-over-year growth projections were not disclosed.

Last Quarter Review

Woori Bank’s previous quarter delivered EBIT at USD 1.21 billion and adjusted EPS at USD 2.63, with net profit attributable to the parent company reported at USD 1.24 billion equivalent, a quarter-on-quarter growth rate of 32.99%; the net profit margin stood at 50.37%, while the gross profit margin was not disclosed. The key operational highlight was a sizable EBIT surprise of USD 401.74 million versus estimate, reflecting resilient core banking income and effective cost management. Main business revenue contributions were led by Banking at USD 7.82 billion, Other at USD 1.53 billion, Credit Cards at USD 0.49 billion, and Capital at USD 0.29 billion; adjustments included Consolidated Adjustments at negative USD 1.66 billion, with no year-over-year segment growth data available.

Current Quarter Outlook

Core Banking Franchise

The central earnings engine remains the bank’s core franchise, encompassing net interest income, corporate lending, and retail deposits. With EPS projected at USD 3.45 and year-over-year expansion of 50.65%, the bank is positioned for an earnings beat if funding costs remain orderly and asset yields hold. The quarter-on-quarter momentum from the prior period’s net profit growth of 32.99% suggests steady throughput from loan books, but the forecasted EBIT decline of 12.99% year over year signals potential pressure from non-interest components or normalized credit costs. Management’s emphasis on deposit mix optimization and loan repricing should support the net interest margin, aligned with the reported net profit margin of 50.37% last quarter, provided credit provisioning does not materially increase.

Credit Cards and Fee-Based Income

Credit cards and fee income are secondary drivers that can cushion core net interest trends. With Credit Cards revenue contribution recorded at USD 0.49 billion last quarter and fee-related lines embedded in the Other segment at USD 1.53 billion, the bank benefits from diversified income streams. In the current quarter, transaction volumes and interchange flows are expected to be sensitive to consumer activity and seasonal effects, while credit risk management will be critical to sustaining profitability. If operating expenses remain contained, these segments should contribute positively to EPS growth, but the lack of explicit year-over-year segment data in forecasts warrants caution in assuming outsized expansion.

Capital Markets and Investment Securities

Investment Securities and capital-related activities add market-linked earnings variability. The Investment Securities line booked USD 0.07 billion last quarter, and the Capital segment contributed USD 0.29 billion, alongside necessary consolidated adjustments of negative USD 1.66 billion that reflect eliminations and internal accounting alignments. For the current quarter, market conditions will influence trading and valuation income, with EBIT guided lower year over year at USD 687.28 million underscoring a more subdued market backdrop. Effective duration positioning and conservative risk-taking should help stabilize mark-to-market effects, limiting volatility in the earnings bridge between EBIT and net profit.

Analyst Opinions

Institutional commentary gathered in the recent period leans cautiously constructive, reflecting a higher EPS setup and disciplined execution despite a year-over-year EBIT downtick. Well-regarded sell-side desks emphasize the probability of earnings resilience backed by core banking stability and cost control, framing the majority stance as moderately bullish for the print. The view coalesces around tempered optimism: consensus EPS at USD 3.45 and prior-quarter EBIT outperformance of USD 401.74 million have set a credible baseline, while the key swing factor is credit cost normalization that could influence the degree of upside. Commentary also highlights that consistent deposit mix improvements and balanced loan growth are likely to offset pockets of market-driven softness, aligning with the cautious constructive majority perspective.