$DBS(D05.SI)$ https://sporesha-To The Moon - Tiger Brokers Online Investing Community - To The Moon

https://sporeshare.blogspot.com/2025/11/dbs-bank-3rd-quarter-results-is-out3q.html

3Q net profit declines 2% YoY to 2.954b.

3Q pre-tax profit up 1% YoY to record $3.48b, ROE at 17.1% and ROTE at 18.9%

 Total income up 3% YoY to new high of $5.93b

o Group NII little changed from strong deposit growth and proactive balance sheet hedging

o Fee income and treasury customer sales reach new highs

o Markets trading income higher due to lower funding cost and more conducive trading environment

9M pre-tax profit up 3% to record $10.3b

 Total income up 5% to new high of $17.6b from growth in commercial book and markets trading

Balance sheet remains strong

 Asset quality resilient. NPL ratio stable at 1.0%, SP at 15bp for 3Q and 13bp for 9M

 Allowance coverage at 139% and 229% after considering collateral

 Transitional CET1 ratio at 16.9%, fully phased-in at 15.1%

3Q total dividend of 75¢ per share, comprising 60¢ ordinary dividend and 15¢ Capital Return dividend

2026 outlook:

Total income to be around 2025 levels despite rate headwinds

 Group net interest income to be slightly below 2025 levels

o Based on Sora around current levels, three Fed rate cuts and stronger SGD

o Full year impact of lower rates mitigated by deposit growth

 Commercial book non-interest income growth to be high-single digits

o Mid-teens growth in wealth management

 Cost-income ratio to be in low-40% range

 SP assumed to normalise to 17-20bp, although not seeing signs of stress so far

o Potential for GP writebacks

 Net profit to be slightly below 2025 levels.

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NPL ratio stable at 1.0%, SP at 15bp for 3Q and 13bp for 9M</p>\n<p> Allowance coverage at 139% and 229% after considering collateral</p>\n<p> Transitional CET1 ratio at 16.9%, fully phased-in at 15.1%</p>\n<p>3Q total dividend of 75¢ per share, comprising 60¢ ordinary dividend and 15¢ Capital Return dividend</p>\n<p>2026 outlook:</p>\n<p>Total income to be around 2025 levels despite rate headwinds</p>\n<p> Group net interest income to be slightly below 2025 levels</p>\n<p>o Based on Sora around current levels, three Fed rate cuts and stronger SGD</p>\n<p>o Full year impact of lower rates mitigated by deposit growth</p>\n<p> Commercial book non-interest income growth to be high-single digits</p>\n<p>o Mid-teens growth in wealth management</p>\n<p> Cost-income ratio to be in low-40% range</p>\n<p> SP assumed to normalise to 17-20bp, although not seeing signs of stress so far</p>\n<p>o Potential for GP writebacks</p>\n<p> Net profit to be slightly below 2025 levels.</p><img src=\"https://community-static.tradeup.com/news/38d41b6262805ffebb40cbf1d9871173\" tg-width=\"720\" tg-height=\"1701\"><img src=\"https://community-static.tradeup.com/news/57699aae51d0daebe230f8c9b20e5b7b\" tg-width=\"1446\" tg-height=\"720\"></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/D05.SI\">$DBS(D05.SI)$ </a>&nbsp;</p>\n<p>https://sporeshare.blogspot.com/2025/11/dbs-bank-3rd-quarter-results-is-out3q.html</p>\n<p>3Q net profit declines 2% YoY to 2.954b.</p>\n<p>3Q pre-tax profit up 1% YoY to record $3.48b, ROE at 17.1% and ROTE at 18.9%</p>\n<p> Total income up 3% YoY to new high of $5.93b</p>\n<p>o Group NII little changed from strong deposit growth and proactive balance sheet hedging</p>\n<p>o Fee income and treasury customer sales reach new highs</p>\n<p>o Markets trading income higher due to lower funding cost and more conducive trading environment</p>\n<p>9M pre-tax profit up 3% to record $10.3b</p>\n<p> Total income up 5% to new high of $17.6b from growth in commercial book and markets trading</p>\n<p>Balance sheet remains strong</p>\n<p> Asset quality resilient. NPL ratio stable at 1.0%, SP at 15bp for 3Q and 13bp for 9M</p>\n<p> Allowance coverage at 139% and 229% after considering collateral</p>\n<p> Transitional CET1 ratio at 16.9%, fully phased-in at 15.1%</p>\n<p>3Q total dividend of 75¢ per share, comprising 60¢ ordinary dividend and 15¢ Capital Return dividend</p>\n<p>2026 outlook:</p>\n<p>Total income to be around 2025 levels despite rate headwinds</p>\n<p> Group net interest income to be slightly below 2025 levels</p>\n<p>o Based on Sora around current levels, three Fed rate cuts and stronger SGD</p>\n<p>o Full year impact of lower rates mitigated by deposit growth</p>\n<p> Commercial book non-interest income growth to be high-single digits</p>\n<p>o Mid-teens growth in wealth management</p>\n<p> Cost-income ratio to be in low-40% range</p>\n<p> SP assumed to normalise to 17-20bp, although not seeing signs of stress so far</p>\n<p>o Potential for GP writebacks</p>\n<p> Net profit to be slightly below 2025 levels.</p><img src=\"https://community-static.tradeup.com/news/38d41b6262805ffebb40cbf1d9871173\" tg-width=\"720\" tg-height=\"1701\"><img src=\"https://community-static.tradeup.com/news/57699aae51d0daebe230f8c9b20e5b7b\" tg-width=\"1446\" tg-height=\"720\"></body></html>","text":"$DBS(D05.SI)$ https://sporeshare.blogspot.com/2025/11/dbs-bank-3rd-quarter-results-is-out3q.html 3Q net profit declines 2% YoY to 2.954b. 3Q pre-tax profit up 1% YoY to record $3.48b, ROE at 17.1% and ROTE at 18.9%  Total income up 3% YoY to new high of $5.93b o Group NII little changed from strong deposit growth and proactive balance sheet hedging o Fee income and treasury customer sales reach new highs o Markets trading income higher due to lower funding cost and more conducive trading environment 9M pre-tax profit up 3% to record $10.3b  Total income up 5% to new high of $17.6b from growth in commercial book and markets trading Balance sheet remains strong  Asset quality resilient. NPL ratio stable at 1.0%, SP at 15bp for 3Q and 13bp for 9M  Allowance coverage at 139% and 229% after considering collateral  Transitional CET1 ratio at 16.9%, fully phased-in at 15.1% 3Q total dividend of 75¢ per share, comprising 60¢ ordinary dividend and 15¢ Capital Return dividend 2026 outlook: Total income to be around 2025 levels despite rate headwinds  Group net interest income to be slightly below 2025 levels o Based on Sora around current levels, three Fed rate cuts and stronger SGD o Full year impact of lower rates mitigated by deposit growth  Commercial book non-interest income growth to be high-single digits o Mid-teens growth in wealth management  Cost-income ratio to be in low-40% range  SP assumed to normalise to 17-20bp, although not seeing signs of stress so far o Potential for GP writebacks  Net profit to be slightly below 2025 levels.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/502125311431568","repostId":0,"isVote":1,"tweetType":1,"viewCount":605,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["D05.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1310,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/502125311431568"}