Samsung Card (029780.KS) Q1 2026: Profit Slumps 15%, G&A Up 30%
Core lending and fee revenues held their growth trajectory, but a ₩56.9 billion spike in administrative expenses — led by a more than fivefold surge in severance pay — dragged Samsung Card's quarterly net profit to its lowest level in recent years.
Source: Q1 2026 Quarterly Report (44th Fiscal Year, January 1–March 31, 2026) — Filed May 15, 2026 with DART | Consolidated Financial Statements | Unit: ₩ billions
“Samsung Card (029780.KS) Q1 2026: Profit Slumps 15%, G&A Up 30%”
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