NH NongHyup Financial Group said on Thursday it posted first-quarter net profit of 868.8 billion won, up 21.7 percent from a year earlier.

By affiliate, NH NongHyup Bank recorded 557.7 billion won, NH Investment & Securities 475.7 billion won, and NongHyup Life and General Insurance 67.1 billion won, with all units showing relatively even results.

In particular, capital markets unit NH Investment & Securities rose 128.5 percent from a year earlier and NH-Amundi Asset Management increased 117.5 percent, leading the group’s overall earnings growth.

Group-wide operating profit rose 25.2 percent from a year earlier and net profit increased 21.7 percent, improving profitability.

Net interest income was tallied at 2.11 trillion won, up 7.3 percent from a year earlier. The improvement reflected a better net interest margin, driven by core deposit growth and a stronger portfolio focused on corporate lending, despite tighter household loan regulations and the impact of fund shifts.

The net interest margin for the bank and card businesses rose to 1.75 percent in March 2026 from 1.67 percent in December 2025, while corporate lending grew 6.1 percent from a year earlier.

Non-interest income was 903.6 billion won, up 51.3 percent from a year earlier. The main factors were higher stock trading brokerage revenue and increased fee income from a larger scale of asset management. Fee income rose 60.5 percent to 763.7 billion won, and gains related to securities and foreign exchange also increased 32.7 percent to 442.5 billion won.

Profitability indicators also improved. ROA and ROE rose from end-2025 to 0.78 percent and 11.85 percent, respectively.

Asset quality indicators also stayed at stable levels. The ratio of substandard or below loans was 0.65 percent and the loan loss reserve coverage ratio was 156.54 percent.