Financial Ratios Meritz Financial Group Inc.

Equities

A138040

KR7138040001

Investment Holding Companies

End-of-day quote Korea S.E. Other stock markets 17/01/2025			5-day change	1st Jan Change
111,800.00 ^KRW	+0.54%		+7.60%	+7.50%

12-27	Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on September 25, 2024.	CI
12-11	Meritz Financial Subsidiary Meritz Fire Named Preferred Bidder for MG Non-Life Insurance Acquisition	MT

2e3884bb07923a819e7c26.tYTYQkAfkl5CD_Q9vevkPuPgaRUA7O5B1MJriTiIA5A.3M61bxdJ2jc6asdfyL2qVrSUJUxWmtkqjYwSyBWld9rhwpAsD1zhLQtmvQ

Published financial data: MERITZ FINANCIAL GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	803B	720B	666B	1,021B	1,050B
Interest Income On Investments	1,088B	1,165B	1,316B	2,008B	2,917B
Interest Income, Total	1,891B	1,885B	1,982B	3,029B	3,968B
Interest On Deposits	23.11B	5.09B	2.65B	3.84B	417B
Total Interest On Borrowings	532B	505B	471B	960B	1,437B
Interest Expense, Total	555B	510B	474B	964B	1,853B
Net Interest Income	1,336B	1,375B	1,508B	2,065B	2,114B
Income From Trading Activities	-6,808B	-10,139B	-16,662B	-47,539B	-38,797B
Gain (Loss) on Sale of Loans	23.1B	11.42B	9.33B	5.41B	10.19B
Gain (Loss) on Sale of Assets	98.21B	-14.88B	-24.2B	-116B	-114B
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-94.47B	-173B	-244B	-422B	-148B
Income (Loss) on Equity Invest. (Income Block)	24.5B	32.71B	85.16B	52.21B	45.75B
Total Other Non Interest Income	18,290B	23,717B	30,940B	63,790B	50,856B
Non Operating Income (Expenses)	6.92B	5.63B	37.88B	57.84B	68.12B
Non Interest Income, Total	11,541B	13,440B	14,143B	15,828B	11,921B
Revenues Before Provison For Loan Losses	12,877B	14,815B	15,651B	17,892B	14,035B
Provision For Loan Losses	-	63.92B	45.08B	53.71B	171B
Total Revenues	12,877B	14,751B	15,606B	17,838B	13,864B
Salaries And Other Employee Benefits	535B	669B	974B	930B	439B
Amort. of Goodwill & Intang. Assets	102B	90.16B	78.32B	75.25B	15.13B
Occupancy Expense	71.52B	93.54B	97.75B	96.63B	28.51B
Selling General & Admin Expenses, Total	916B	848B	732B	771B	65.09B
(Gain) Loss on Sale of Loans	18M	5.98B	217M	21M	52M
Total Other Non Interest Expense	10,150B	11,747B	11,815B	13,704B	10,366B
Non Operating (Income) Expenses	4.03B	4.95B	3.13B	29.74B	33.09B
Non Interest Expense, Total	11,780B	13,458B	13,700B	15,608B	10,947B
EBT, Excl. Unusual Items	1,097B	1,293B	1,906B	2,231B	2,917B
Asset Writedown	596M	-3.52B	-2.5B	-3.34B	-72.58B
EBT, Incl. Unusual Items	1,098B	1,289B	1,903B	2,227B	2,844B
Income Tax Expense	311B	364B	520B	585B	719B
Earnings From Continuing Operations	787B	925B	1,383B	1,642B	2,125B
Earnings Of Discontinued Operations	-	-	-	-1.89B	642M
Net Income to Company	787B	925B	1,383B	1,640B	2,125B
Minority Interest	-389B	-436B	-594B	-580B	-83.63B
Net Income - (IS)	398B	490B	789B	1,060B	2,042B
Preferred Dividend and Other Adjustments	15.21B	14.81B	26.58B	25.46B	26.53B
Net Income to Common Incl Extra Items	383B	475B	763B	1,035B	2,015B
Net Income to Common Excl. Extra Items	383B	475B	763B	1,037B	2,015B
Per Share Items
Net EPS - Basic	2.8K	3.6K	5.93K	8.41K	11.02K
Basic EPS - Continuing Operations	2.8K	3.6K	5.93K	8.42K	11.02K
Basic Weighted Average Shares Outstanding	137M	132M	129M	123M	183M
Net EPS - Diluted	2.72K	3.57K	5.9K	8.36K	10.97K
Diluted EPS - Continuing Operations	2.72K	3.57K	5.9K	8.37K	10.97K
Diluted Weighted Average Shares Outstanding	137M	132M	129M	124M	184M
Normalized Basic EPS	2.17K	2.82K	4.64K	6.61K	9.51K
Normalized Diluted EPS	2.16K	2.82K	4.62K	6.57K	9.47K
Dividend Per Share	550	900	210	105	2.36K
Payout Ratio	44.69	37.78	39.72	11.41	4.26
Supplemental Items
Effective Tax Rate - (Ratio)	28.29	28.22	27.32	26.27	25.29
Normalized Net Income	297B	372B	597B	814B	1,739B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3,115B	3,575B	5,758B	6,514B	4,928B
Investment Securities, Total	1,074B	2,950B	3,160B	3,998B	2,617B
Trading Asset Securities, Total	36,103B	43,211B	48,885B	54,340B	74,829B
Total investments	37,177B	46,161B	52,044B	58,338B	77,446B
Gross Loans	14,905B	12,440B	15,486B	14,022B	13,312B
Allowance For Loan Losses	-199B	-196B	-162B	-181B	-283B
Other Adjustments to Gross Loans	-58M	-47M	-31M	-	-
Net Loans	14,706B	12,243B	15,324B	13,841B	13,029B
Gross Property Plant And Equipment	1,997B	2,014B	2,572B	2,810B	2,729B
Accumulated Depreciation	-190B	-222B	-241B	-269B	-289B
Net Property Plant And Equipment	1,807B	1,792B	2,331B	2,541B	2,440B
Other Intangibles, Total	531B	455B	386B	342B	80.5B
Investment in Real Estate	482B	315B	420B	754B	690B
Accrued Interest Receivable	318B	288B	381B	322B	461B
Other Receivables	500B	765B	1,012B	821B	616B
Other Current Assets, Total	192B	146B	235B	504B	615B
Deferred Tax Assets Long-Term (Collected)	148B	186B	340B	1,158B	14.32B
Deferred Charges Long-Term	24.89B	26.45B	27.94B	26.16B	21.58B
Other Long-Term Assets, Total	2,762B	3,612B	3,772B	7,594B	1,893B
Total Assets	61,764B	69,564B	82,031B	92,757B	102,236B
Liabilities
Accrued Expenses, Total	718B	860B	1,194B	1,447B	1,636B
Interest Bearing Deposits	2,293B	1,946B	2,536B	1,883B	2,083B
Total Deposits	2,293B	1,946B	2,536B	1,883B	2,083B
Short-Term Borrowings	10,051B	14,154B	15,895B	16,144B	17,024B
Long-Term Debt	33,145B	34,847B	41,585B	49,426B	48,138B
Current Income Taxes Payable	204B	316B	392B	299B	205B
Other Current Liabilities - (Bank / Utility Template)	7,287B	7,574B	10,580B	14,579B	19,865B
Unearned Revenue Non Current	275B	277B	357B	429B	444B
Pension & Other Post Retirement Benefits	5.41B	812M	360M	160M	102M
Deferred Tax Liability Non-Current	350B	210B	85.78B	83.4B	371B
Other Non Current Liabilities	1,474B	2,502B	2,522B	2,511B	2,373B
Total Liabilities	55,802B	62,687B	75,148B	86,801B	92,139B
Common Stock, Total	71.44B	71.44B	71.44B	71.44B	113B
Additional Paid In Capital	663B	663B	663B	63.24B	125B
Retained Earnings	1,811B	2,150B	2,808B	4,267B	7,611B
Treasury Stock	-46.3B	-6.28B	-130B	-164B	-547B
Comprehensive Income and Other	249B	471B	309B	-963B	2,279B
Total Common Equity	2,748B	3,349B	3,721B	3,275B	9,582B
Minority Interest	3,213B	3,528B	3,162B	2,681B	515B
Total Equity	5,962B	6,877B	6,883B	5,956B	10,097B
Total Liabilities And Equity	61,764B	69,564B	82,031B	92,757B	102,236B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	135M	132M	126M	121M	190M
ECS Total Common Shares Outstanding	135M	132M	126M	121M	190M
Book Value / Share	20.4K	25.45K	29.59K	27.05K	50.46K
Tangible Book Value	2,217B	2,894B	3,335B	2,932B	9,501B
Tangible Book Value Per Share	16.45K	21.99K	26.52K	24.22K	50.03K
Total Debt	43,196B	49,001B	57,481B	65,570B	65,162B
Net Debt	3,976B	82.04B	460B	1,644B	-16,200B
Equity Method Investments, Total	1,072B	816B	782B	926B	1,012B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	398B	490B	789B	1,060B	2,125B
Depreciation, Depletion & Amortization	54.6B	63.63B	69.04B	74.4B	71.65B
Amortization of Goodwill and Intangible Assets - (CF)	102B	90.16B	78.31B	75.27B	15.14B
Total Depreciation, Depletion & Amortization	157B	154B	147B	150B	86.78B
(Gain) Loss On Sale of Asset - (CF)	-130B	80.12B	-70.4B	-1.87B	52.03B
(Gain) Loss on Sale of Investments - (CF)	-562B	-406B	228B	172B	-279B
Total Asset Writedown	-596M	3.52B	2.5B	3.34B	72.58B
Provision for Credit Losses	88.36B	71.45B	60.53B	67.12B	178B
Change in Trading Asset Securities	-6,232B	-5,831B	-2,192B	-2,955B	-9,674B
Change in Other Net Operating Assets (Collected)	-1,585B	-2,522B	-4,542B	5,807B	4,751B
Other Operating Activities	3,295B	3,708B	3,074B	3,221B	-1,251B
Cash from Operations	-4,572B	-4,252B	-2,502B	7,525B	-3,939B
Capital Expenditure	-80.57B	-19.49B	-30.77B	-365B	-43.35B
Sale of Property, Plant, and Equipment	210B	158B	26.92B	120M	1.11B
Cash Acquisitions	-	-	-169B	46.75B	901B
Purchase / Sale of Intangible Assets	-13.85B	-11.35B	-9.81B	-27.91B	-10.21B
Investment in Marketable and Equity Securities, Total	-1,577B	-1,093B	-3,739B	-4,889B	-2,966B
Other Investing Activities, Total	-143B	-30.95B	90.21B	-83.85B	-583B
Cash from Investing	-1,605B	-997B	-3,832B	-5,318B	-2,700B
Long-Term Debt Issued, Total	6,592B	5,291B	7,316B	445B	3,062B
Total Debt Issued	6,592B	5,291B	7,316B	445B	3,062B
Long-Term Debt Repaid, Total	-23.89B	-36.79B	-40.31B	-42.7B	-42.18B
Total Debt Repaid	-23.89B	-36.79B	-40.31B	-42.7B	-42.18B
Issuance of Common Stock	-	-	-	10.04M	21.71M
Repurchase of Common Stock	-48.11B	-30.32B	-124B	-183B	-672B
Common & Preferred Stock Dividends Paid	-178B	-185B	-313B	-121B	-86.94B
Common & Preferred Stock Dividends Paid	-178B	-185B	-313B	-121B	-86.94B
Net Increase (Decrease) in Deposit Accounts - (CF)	-84.44B	-90.39B	578B	-594B	2,668B
Other Financing Activities, Total	-23.44B	190B	-554B	-205B	562M
Cash from Financing	6,235B	5,139B	6,862B	-701B	4,930B
Foreign Exchange Rate Adjustments	86.59M	-4.5B	7.57B	38.71B	8.37B
Miscellaneous Cash Flow Adjustments	-	-	-	-11.09B	37.96B
Net Change in Cash	57.73B	-114B	536B	1,533B	-1,663B
Supplemental Items
Cash Interest Paid	536B	480B	492B	963B	1,751B
Cash Income Tax Paid (Refund)	270B	343B	545B	713B	611B
Net Debt Issued / Repaid	6,569B	5,254B	7,275B	402B	3,020B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.38	1.41	1.82	1.88	2.22
Return On Equity %	13.79	14.41	20.1	25.58	22.8
Return on Common Equity	14.67	15.58	21.57	29.65	27.74
Shareholders Value Added	188B	214B	443B	716B	1,185B
Margin Analysis
SG&A Margin	11.83	10.92	11.56	10.08	3.84
Net Interest Income / Total Revenues %	10.37	9.32	9.66	11.57	15.25
EBT Excl. Non-Recurring Items Margin %	8.52	8.76	12.21	12.51	21.04
Income From Continuing Operations Margin %	6.11	6.27	8.86	9.21	15.33
Net Income Margin %	3.09	3.32	5.06	5.94	14.73
Net Avail. For Common Margin %	2.98	3.22	4.89	5.81	14.53
Normalized Net Income Margin	2.31	2.52	3.83	4.56	12.54
Asset quality
Allowance for Credit Losses / Total Loans %	1.33	1.58	1.05	1.29	2.12
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.58	4.64	4.66	4	7.6
Total Average Equity / Total Average Assets %	10.02	9.78	9.08	7.35	9.75
Total Equity + Allowance for Loan Losses / Total Loans %	19.77	28.5	25.07	24.64	74.1
Gross Loans / Total Deposits %	649.98	639.38	610.58	744.74	639.23
Net Loans / Total Deposits %	641.32	629.3	604.19	735.14	625.65
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	3.06	3.55	5.04	3.32	2.98
EBT + Interest Expense / Interest Expense	2.98	3.53	5.01	3.31	2.53
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	13.57	2.95	9.66	36.92	3.73
Non Interest Income, 1 Yr. Growth %	23.77	16.58	5.23	12.11	-5.07
Provision For Loan Losses, 1 Yr. Growth %	-	-20.46	-29.48	19.14	218.04
Total Revenues, 1 Yr. Growth %	22.62	15.39	5.79	14.49	-4.66
Earnings From Cont. Operations, 1 Yr. Growth %	22.96	17.56	49.49	19.13	-0.49
Net Income, 1 Yr. Growth %	26.8	22.93	61.16	34.37	46.71
Normalized Net Income, 1 Yr. Growth %	34.58	25.38	60.37	37.87	60.8
Diluted EPS Before Extra, 1 Yr. Growth %	31.33	31.5	65.31	42.66	-0.71
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Gross Loans, 1 Yr. Growth %	8.79	-7.36	24.72	-9.46	27.56
Allowance For Loan Losses, 1 Yr. Growth %	8.98	-1.27	-17.29	11.44	56.85
Net Loans, 1 Yr. Growth %	8.79	-7.45	25.4	-9.68	27.04
Total Assets, 1 Yr. Growth %	18.31	12.63	17.92	13.08	14.9
Total Deposits, 1 Yr Growth %	-3.95	-15.16	30.36	-25.77	10.61
Tangible Book Value, 1 Yr. Growth %	19.97	30.54	15.24	-12.08	95.37
Common Equity, 1 Yr. Growth %	11.12	21.86	11.1	-12	93.81
Total Equity, 1 Yr. Growth %	9.3	15.35	0.09	-13.47	18.21
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	18.58	8.13	6.25	22.52	18.41
Non Interest Income, 2 Yr. CAGR %	15	20.05	10.76	8.52	-8.11
Provision For Loan Losses, 2 Yr. CAGR %	-	-	-25.11	-8.34	94.86
Total Revenues, 2 Yr. CAGR %	15.36	18.52	10.49	9.97	-5.67
Earnings From Cont. Operations, 2 Yr. CAGR %	2.05	20.23	32.57	33.23	24.14
Net Income, 2 Yr. CAGR %	3.75	24.85	40.75	47.16	60.84
Normalized Net Income, 2 Yr. CAGR %	7.98	29.9	41.8	47.89	71.6
Diluted EPS Before Extra, 2 Yr. CAGR %	2.41	31.41	47.44	53.1	36.71
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Gross Loans, 2 Yr. CAGR %	9.18	-4.71	7.39	6.27	-7.28
Allowance For Loan Losses, 2 Yr. CAGR %	18.03	3.73	-9.63	-3.99	32.07
Net Loans, 2 Yr. CAGR %	9.07	-4.83	7.63	6.42	-7.79
Total Assets, 2 Yr. CAGR %	21.19	15.43	15.24	15.47	11.64
Total Deposits, 2 Yr CAGR %	-14.98	-9.72	5.17	-1.63	-9.39
Tangible Book Value, 2 Yr. CAGR %	29.3	25.14	22.65	0.66	68.78
Common Equity, 2 Yr. CAGR %	15.58	16.36	16.35	-1.12	60.47
Total Equity, 2 Yr. CAGR %	11.08	12.29	7.45	-6.94	21.12
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	16.78	13.12	8.64	15.62	15.41
Non Interest Income, 3 Yr. CAGR %	12.8	15.48	14.89	11.14	-3.92
Provision For Loan Losses, 3 Yr. CAGR %	-	-	-	-12.57	38.86
Total Revenues, 3 Yr. CAGR %	13.19	15.09	14.12	11.75	-2.05
Earnings From Cont. Operations, 3 Yr. CAGR %