Financial Ratios Meritz Financial Group Inc.

Equities

A138040

KR7138040001

Investment Holding Companies

End-of-day quote Korea S.E. Other stock markets 15/01/2026			5-day change	1st Jan Change
102,900.00 ^KRW	-1.15%		-4.37%	-9.02%

12-19	Bank of Korea announces temporary measures to boost dollar supply in FX market	RE
12-07	South Korea policy chief says country has the means to respond to won's decline	RE

bb167ce7e766d8865d1c14ebe2.eeR_9whb52nqJoqYPPGe_AzTaifn0looA3BmAoScgRc.OoEcxXlsgVqvFPjKXbDxzl2gBHWzgRxbagkcS7T-7kRM3UmWURm0BqBevg

Published financial data: MERITZ FINANCIAL GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest Income On Loans	720B	666B	1,021B	1,050B	1,163B
Interest Income On Investments	1,165B	1,316B	2,008B	2,917B	3,142B
Interest Income, Total	1,885B	1,982B	3,029B	3,968B	4,306B
Interest On Deposits	5.09B	2.65B	3.84B	417B	455B
Total Interest On Borrowings	505B	471B	960B	1,437B	1,523B
Interest Expense, Total	510B	474B	964B	1,853B	1,977B
Net Interest Income	1,375B	1,508B	2,065B	2,114B	2,328B
Income From Trading Activities	-10,139B	-16,662B	-47,539B	-38,797B	-25,595B
Gain (Loss) on Sale of Loans	11.42B	9.33B	5.41B	10.19B	13.25B
Gain (Loss) on Sale of Assets	-14.88B	-24.2B	-116B	-114B	-37.58B
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-173B	-244B	-422B	-148B	-341B
Income (Loss) on Equity Invest. (Income Block)	32.71B	85.16B	52.21B	45.75B	46.6B
Total Other Non Interest Income	23,717B	30,940B	63,790B	50,856B	38,204B
Non Operating Income (Expenses)	5.63B	37.88B	57.84B	68.12B	57.74B
Non Interest Income, Total	13,440B	14,143B	15,828B	11,921B	12,348B
Revenues Before Provison For Loan Losses	14,815B	15,651B	17,892B	14,035B	14,676B
Provision For Loan Losses	63.92B	45.08B	53.71B	171B	108B
Total Revenues	14,751B	15,606B	17,838B	13,864B	14,569B
Salaries And Other Employee Benefits	669B	974B	930B	439B	542B
Amort. of Goodwill & Intang. Assets	90.16B	78.32B	75.25B	15.13B	14.92B
Occupancy Expense	93.54B	97.75B	96.63B	28.51B	27.54B
Selling General & Admin Expenses, Total	848B	732B	771B	65.09B	83.38B
(Gain) Loss on Sale of Loans	5.98B	217M	21M	52M	9.24B
Total Other Non Interest Expense	11,747B	11,815B	13,704B	10,366B	10,716B
Non Operating (Income) Expenses	4.95B	3.13B	29.74B	33.09B	34.79B
Non Interest Expense, Total	13,458B	13,700B	15,608B	10,947B	11,427B
EBT, Excl. Unusual Items	1,293B	1,906B	2,231B	2,917B	3,141B
Asset Writedown	-3.52B	-2.5B	-3.34B	-72.58B	-3M
EBT, Incl. Unusual Items	1,289B	1,903B	2,227B	2,844B	3,141B
Income Tax Expense	364B	520B	585B	719B	808B
Earnings From Continuing Operations	925B	1,383B	1,642B	2,125B	2,333B
Earnings Of Discontinued Operations	-	-	-1.89B	642M	-
Net Income to Company	925B	1,383B	1,640B	2,125B	2,333B
Minority Interest	-436B	-594B	-580B	-83.63B	-27.34B
Net Income - (IS)	490B	789B	1,060B	2,042B	2,306B
Preferred Dividend and Other Adjustments	14.81B	26.58B	25.46B	26.53B	38.84B
Net Income to Common Incl Extra Items	475B	763B	1,035B	2,015B	2,267B
Net Income to Common Excl. Extra Items	475B	763B	1,037B	2,015B	2,267B
Per Share Items
Net EPS - Basic	3.6K	5.93K	8.41K	11.02K	12.26K
Basic EPS - Continuing Operations	3.6K	5.93K	8.42K	11.02K	12.26K
Basic Weighted Average Shares Outstanding	132M	129M	123M	183M	185M
Net EPS - Diluted	3.57K	5.9K	8.36K	10.97K	12.24K
Diluted EPS - Continuing Operations	3.57K	5.9K	8.37K	10.97K	12.24K
Diluted Weighted Average Shares Outstanding	132M	129M	124M	184M	185M
Normalized Basic EPS	2.82K	4.64K	6.61K	9.51K	10.47K
Normalized Diluted EPS	2.82K	4.62K	6.57K	9.47K	10.45K
Dividend Per Share	900	210	105	2.36K	1.35K
Payout Ratio	37.78	39.72	11.41	4.26	22.13
Supplemental Items
Effective Tax Rate - (Ratio)	28.22	27.32	26.27	25.29	25.71
Normalized Net Income	372B	597B	814B	1,739B	1,936B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3,575B	5,758B	6,514B	4,928B	5,000B
Investment Securities, Total	2,950B	3,160B	3,998B	2,617B	2,380B
Trading Asset Securities, Total	43,211B	48,885B	54,340B	74,829B	70,259B
Total investments	46,161B	52,044B	58,338B	77,446B	72,639B
Gross Loans	12,440B	15,486B	14,022B	13,312B	29,713B
Allowance For Loan Losses	-196B	-162B	-181B	-283B	-301B
Other Adjustments to Gross Loans	-47M	-31M	-	-	-
Net Loans	12,243B	15,324B	13,841B	13,029B	29,413B
Gross Property Plant And Equipment	2,014B	2,572B	2,810B	2,729B	3,099B
Accumulated Depreciation	-222B	-241B	-269B	-289B	-275B
Net Property Plant And Equipment	1,792B	2,331B	2,541B	2,440B	2,823B
Other Intangibles, Total	455B	386B	342B	80.5B	77.95B
Investment in Real Estate	315B	420B	754B	690B	770B
Accrued Interest Receivable	288B	381B	322B	461B	603B
Other Receivables	765B	1,012B	821B	616B	1,043B
Other Current Assets, Total	146B	235B	504B	615B	486B
Deferred Tax Assets Long-Term (Collected)	186B	340B	1,158B	14.32B	243B
Deferred Charges Long-Term	26.45B	27.94B	26.16B	21.58B	17.05B
Other Long-Term Assets, Total	3,612B	3,772B	7,594B	1,893B	2,463B
Total Assets	69,564B	82,031B	92,757B	102,236B	115,578B
Liabilities
Accrued Expenses, Total	860B	1,194B	1,447B	1,636B	1,789B
Interest Bearing Deposits	1,946B	2,536B	1,883B	2,083B	13,316B
Total Deposits	1,946B	2,536B	1,883B	2,083B	13,316B
Short-Term Borrowings	14,154B	15,895B	16,144B	17,024B	20,194B
Long-Term Debt	34,847B	41,585B	49,426B	48,138B	44,966B
Current Income Taxes Payable	316B	392B	299B	205B	457B
Other Current Liabilities - (Bank / Utility Template)	7,574B	10,580B	14,579B	19,865B	20,192B
Unearned Revenue Non Current	277B	357B	429B	444B	389B
Pension & Other Post Retirement Benefits	812M	360M	160M	102M	93.61M
Deferred Tax Liability Non-Current	210B	85.78B	83.4B	371B	281B
Other Non Current Liabilities	2,502B	2,522B	2,511B	2,373B	3,064B
Total Liabilities	62,687B	75,148B	86,801B	92,139B	104,648B
Common Stock, Total	71.44B	71.44B	71.44B	113B	113B
Additional Paid In Capital	663B	663B	63.24B	125B	125B
Retained Earnings	2,150B	2,808B	4,267B	7,611B	8,791B
Treasury Stock	-6.28B	-130B	-164B	-547B	-769B
Comprehensive Income and Other	471B	309B	-963B	2,279B	1,835B
Total Common Equity	3,349B	3,721B	3,275B	9,582B	10,094B
Minority Interest	3,528B	3,162B	2,681B	515B	836B
Total Equity	6,877B	6,883B	5,956B	10,097B	10,930B
Total Liabilities And Equity	69,564B	82,031B	92,757B	102,236B	115,578B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	132M	126M	121M	190M	180M
ECS Total Common Shares Outstanding	132M	126M	121M	190M	180M
Book Value / Share	25.45K	29.59K	27.05K	50.46K	56.15K
Tangible Book Value	2,894B	3,335B	2,932B	9,501B	10,016B
Tangible Book Value Per Share	21.99K	26.52K	24.22K	50.03K	55.72K
Total Debt	49,001B	57,481B	65,570B	65,162B	65,160B
Net Debt	82.04B	460B	1,644B	-16,200B	-11,733B
Equity Method Investments, Total	816B	782B	926B	1,012B	745B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	490B	789B	1,060B	2,125B	2,306B
Depreciation, Depletion & Amortization	63.63B	69.04B	74.4B	71.65B	69B
Amortization of Goodwill and Intangible Assets - (CF)	90.16B	78.31B	75.27B	15.14B	14.91B
Total Depreciation, Depletion & Amortization	154B	147B	150B	86.78B	83.91B
(Gain) Loss On Sale of Asset - (CF)	80.12B	-70.4B	-1.87B	52.03B	70.69B
(Gain) Loss on Sale of Investments - (CF)	-406B	228B	172B	-279B	151B
Total Asset Writedown	3.52B	2.5B	3.34B	72.58B	3.5M
Provision for Credit Losses	71.45B	60.53B	67.12B	178B	118B
Change in Trading Asset Securities	-5,831B	-2,192B	-2,955B	-9,674B	-4,388B
Change in Other Net Operating Assets (Collected)	-2,522B	-4,542B	5,807B	4,751B	-2,889B
Other Operating Activities	3,708B	3,074B	3,221B	-1,251B	-1,138B
Cash from Operations	-4,252B	-2,502B	7,525B	-3,939B	-5,686B
Capital Expenditure	-19.49B	-30.77B	-365B	-43.35B	-72.05B
Sale of Property, Plant, and Equipment	158B	26.92B	120M	1.11B	103M
Cash Acquisitions	-	-169B	46.75B	901B	7.84B
Purchase / Sale of Intangible Assets	-11.35B	-9.81B	-27.91B	-10.21B	-6.96B
Investment in Marketable and Equity Securities, Total	-1,093B	-3,739B	-4,889B	-2,966B	-2,647B
Other Investing Activities, Total	-30.95B	90.21B	-83.85B	-583B	-24.57B
Cash from Investing	-997B	-3,832B	-5,318B	-2,700B	-2,743B
Long-Term Debt Issued, Total	5,291B	7,316B	445B	3,062B	8,106B
Total Debt Issued	5,291B	7,316B	445B	3,062B	8,106B
Long-Term Debt Repaid, Total	-36.79B	-40.31B	-42.7B	-42.18B	-40.09B
Total Debt Repaid	-36.79B	-40.31B	-42.7B	-42.18B	-40.09B
Issuance of Common Stock	-	-	10.04M	21.71M	-
Repurchase of Common Stock	-30.32B	-124B	-183B	-672B	-858B
Common & Preferred Stock Dividends Paid	-185B	-313B	-121B	-86.94B	-510B
Common & Preferred Stock Dividends Paid	-185B	-313B	-121B	-86.94B	-510B
Net Increase (Decrease) in Deposit Accounts - (CF)	-90.39B	578B	-594B	2,668B	1,768B
Other Financing Activities, Total	190B	-554B	-205B	562M	318B
Cash from Financing	5,139B	6,862B	-701B	4,930B	8,783B
Foreign Exchange Rate Adjustments	-4.5B	7.57B	38.71B	8.37B	30.71B
Miscellaneous Cash Flow Adjustments	-	-	-11.09B	37.96B	-
Net Change in Cash	-114B	536B	1,533B	-1,663B	385B
Supplemental Items
Cash Interest Paid	480B	492B	963B	1,751B	1,898B
Cash Income Tax Paid (Refund)	343B	545B	713B	611B	418B
Net Debt Issued / Repaid	5,254B	7,275B	402B	3,020B	8,066B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.41	1.82	1.88	2.22	2.14
Return On Equity %	14.41	20.1	25.58	22.8	22.19
Return on Common Equity	15.58	21.57	29.65	27.74	23.05
Shareholders Value Added	214B	443B	716B	1,185B	1,140B
Margin Analysis
SG&A Margin	10.92	11.56	10.08	3.84	4.48
Net Interest Income / Total Revenues %	9.32	9.66	11.57	15.25	15.98
EBT Excl. Non-Recurring Items Margin %	8.76	12.21	12.51	21.04	21.56
Income From Continuing Operations Margin %	6.27	8.86	9.21	15.33	16.02
Net Income Margin %	3.32	5.06	5.94	14.73	15.83
Net Avail. For Common Margin %	3.22	4.89	5.81	14.53	15.56
Normalized Net Income Margin	2.52	3.83	4.56	12.54	13.29
Asset quality
Allowance for Credit Losses / Total Loans %	1.58	1.05	1.29	2.12	1.01
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.64	4.66	4	7.6	9.03
Total Average Equity / Total Average Assets %	9.78	9.08	7.35	9.75	9.65
Total Equity + Allowance for Loan Losses / Total Loans %	28.5	25.07	24.64	74.1	34.98
Gross Loans / Total Deposits %	639.38	610.58	744.74	639.23	223.15
Net Loans / Total Deposits %	629.3	604.19	735.14	625.65	220.89
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	3.55	5.04	3.32	2.98	3.06
EBT + Interest Expense / Interest Expense	3.53	5.01	3.31	2.53	2.59
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	2.95	9.66	36.92	3.73	10.13
Non Interest Income, 1 Yr. Growth %	16.58	5.23	12.11	-5.07	3.58
Provision For Loan Losses, 1 Yr. Growth %	-20.46	-29.48	19.14	218.04	-37.1
Total Revenues, 1 Yr. Growth %	15.39	5.79	14.49	-4.66	5.08
Earnings From Cont. Operations, 1 Yr. Growth %	17.56	49.49	19.13	-0.49	9.82
Net Income, 1 Yr. Growth %	22.93	61.16	34.37	46.71	12.95
Normalized Net Income, 1 Yr. Growth %	25.38	60.37	37.87	60.8	11.31
Diluted EPS Before Extra, 1 Yr. Growth %	31.5	65.31	42.66	-0.71	11.59
Gross Loans, 1 Yr. Growth %	-7.36	24.72	-9.46	27.56	15.35
Allowance For Loan Losses, 1 Yr. Growth %	-1.27	-17.29	11.44	56.85	6.32
Net Loans, 1 Yr. Growth %	-7.45	25.4	-9.68	27.04	15.45
Total Assets, 1 Yr. Growth %	12.63	17.92	13.08	14.9	13.05
Total Deposits, 1 Yr Growth %	-15.16	30.36	-25.77	10.61	16.57
Tangible Book Value, 1 Yr. Growth %	30.54	15.24	-12.08	95.37	5.42
Common Equity, 1 Yr. Growth %	21.86	11.1	-12	93.81	5.35
Total Equity, 1 Yr. Growth %	15.35	0.09	-13.47	18.21	8.25
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	8.13	6.25	22.52	18.41	6.88
Non Interest Income, 2 Yr. CAGR %	20.05	10.76	8.52	-8.11	-0.84
Provision For Loan Losses, 2 Yr. CAGR %	-	-25.11	-8.34	94.86	41.43
Total Revenues, 2 Yr. CAGR %	18.52	10.49	9.97	-5.67	0.09
Earnings From Cont. Operations, 2 Yr. CAGR %	20.23	32.57	33.23	24.14	4.54
Net Income, 2 Yr. CAGR %	24.85	40.75	47.16	60.84	28.72
Normalized Net Income, 2 Yr. CAGR %	29.9	41.8	47.89	71.6	33.79
Diluted EPS Before Extra, 2 Yr. CAGR %	31.41	47.44	53.1	36.71	5.26
Gross Loans, 2 Yr. CAGR %	-4.71	7.39	6.27	-7.28	68.74
Allowance For Loan Losses, 2 Yr. CAGR %	3.73	-9.63	-3.99	32.07	29.13
Net Loans, 2 Yr. CAGR %	-4.83	7.63	6.42	-7.79	69.35
Total Assets, 2 Yr. CAGR %	15.43	15.24	15.47	11.64	13.97
Total Deposits, 2 Yr CAGR %	-9.72	5.17	-1.63	-9.39	165.94
Tangible Book Value, 2 Yr. CAGR %	25.14	22.65	0.66	68.78	43.52
Common Equity, 2 Yr. CAGR %	16.36	16.35	-1.12	60.47	42.89
Total Equity, 2 Yr. CAGR %	12.29	7.45	-6.94	21.12	13.12
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	13.12	8.64	15.62	15.41	15.58
Non Interest Income, 3 Yr. CAGR %	15.48	14.89	11.14	-3.92	-4.37
Provision For Loan Losses, 3 Yr. CAGR %	-	-	-12.57	38.86	33.67
Total Revenues, 3 Yr. CAGR %	15.09	14.12	11.75	-2.05	-2.21
Earnings From Cont. Operations, 3 Yr. CAGR %	6.98	29.29	27.78	31.93	19.17
Net Income, 3 Yr. CAGR %	9.79	35.94	38.59	60.95	42.96
Normalized Net Income, 3 Yr. CAGR %	13.49	39.35	39.97	67.17	48.54
Diluted EPS Before Extra, 3 Yr. CAGR %	11.31	41.86	45.53	45.35	27.76
Gross Loans, 3 Yr. CAGR %	-0.17	4.17	1.45	2.35	24.26
Allowance For Loan Losses, 3 Yr. CAGR %	11.21	-3.81	-3.09	12.99	22.86
Net Loans, 3 Yr. CAGR %	-0.32	4.27	1.52	2.16	24.28
Total Assets, 3 Yr. CAGR %	18.27	16.26	14.52	13.69	12.11
Total Deposits, 3 Yr CAGR %	-15.04	2.04	-6.36	2.29	73.8
Tangible Book Value, 3 Yr. CAGR %	29.71	21.75	9.77	48.62	44.28
Common Equity, 3 Yr. CAGR %	17.63	14.58	6.01	41.96	39.47
Total Equity, 3 Yr. CAGR %	12.49	8.06	-0.03	13.66	16.67
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	14.54	12.45	16.79	12.44	11.75
Non Interest Income, 5 Yr. CAGR %	13.09	11.96	12.65	5.03	1.38
Provision For Loan Losses, 5 Yr. CAGR %	-	-	-	-	6.02
Total Revenues, 5 Yr. CAGR %	13.12	11.94	13.01	5.71	2.65
Earnings From Cont. Operations, 5 Yr. CAGR %	15.92	21.52	16.79	27.12	24.28
Net Income, 5 Yr. CAGR %	19.17	25.58	23.44	45.4	42.08
Normalized Net Income, 5 Yr. CAGR %	20.43	29.87	26.17	51.12	45.49
Diluted EPS Before Extra, 5 Yr. CAGR %	19.76	26.83	26.44	39.61	35.13
Gross Loans, 5 Yr. CAGR %	5.11	6.05	2.32	-0.57	17.22
Allowance For Loan Losses, 5 Yr. CAGR %	1.3	2.66	4.86	9.19	8.65
Net Loans, 5 Yr. CAGR %	5.18	6.09	2.29	-0.73	17.33
Total Assets, 5 Yr. CAGR %	16.78	16.92	17.14	14.39	13.35
Total Deposits, 5 Yr CAGR %	-10.98	-4.45	-9.91	-2.69	42.16
Tangible Book Value, 5 Yr. CAGR %	39.45	29.96	17.2	38.75	35.2
Common Equity, 5 Yr. CAGR %	16.56	16.17	9.74	31.11	29.72
Total Equity, 5 Yr. CAGR %	13.64	11.54	4.27	13.11	12.89