<div id="readability-page-1"><div><p>[SINGAPORE] DBS’ net profit for its first quarter rose due to strong wealth management performance, it said on Thursday (Apr 30).</p><p>Net profit for the three months ended Mar 31, 2026, stood at S$2.93 billion, up 1 per cent from the S$2.90 billion in the year-ago period.</p><p>The earnings beat the S$2.88 billion consensus forecast in a Bloomberg survey of analysts.</p><p>Profit before tax was up 2 per cent on the year to S$3.51 billion, as total income reached a new high of S$5.95 billion.</p><p>The lender declared a total dividend of S$0.81 per share for Q1, comprising an ordinary dividend of S$0.66 and a capital return dividend of S$0.15, up from S$0.75 per share in the year-ago period.</p><p>For the commercial book, total income flat on the year at S$5.56 billion.</p><div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p>Net interest income for the segment fell 7 per cent to S$3.48 billion, as net interest margin (NIM) posted a 39-basis-point decline to 2.29 per cent.</p><p>Commercial book net fee and commission income was up 16 per cent at S$1.48 billion, as wealth management fees reached a record S$907 million, driven by higher investment product sales and bancassurance.</p><p>Treasury customer sales and other income for the segment rose 10 per cent to S$602 million.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="3407" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/91cf7b45aa28b8246fb6e47179c1eff984aa90bca41a5715953f49f59acab781/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="5183" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/91cf7b45aa28b8246fb6e47179c1eff984aa90bca41a5715953f49f59acab781/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Safe-haven flows, no Q1 Fed cut support positive earnings outlook for DBS, OCBC, UOB: analysts</span></h3><p></p></div></div><div><div><div><p><img height="4082" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/e84559b563f2d241637fbf7da1b47e7ee5f479073057ac485a980e3b22b7a2a2/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="6123" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/e84559b563f2d241637fbf7da1b47e7ee5f479073057ac485a980e3b22b7a2a2/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>DBS, OCBC, UOB shed nearly 3,000 jobs in 2025 amid restructuring, productivity push</span></h3><p></p></div></div><div><div><div><p></p></div><p></p><h3><span>Singapore banks rival JPMorgan, Goldman Sachs  in long-term shareholder returns</span></h3><p></p></div></div></div></div></div></div><p>Meanwhile, its markets trading income rose 7 per cent to S$389 million, on lower funding costs and improved trading conditions.</p><p>Overall, group NIM fell to 1.89 per cent for the quarter, from 2.12 per cent in the previous corresponding period.</p><p>Its non-performing loans ratio was lower at 1 per cent, from 1.1 per cent previously.</p><p>Chief executive Tan Su Shan said: “We had a strong start to the year, with record total income and a return on equity of 17 per cent despite continued rate headwinds and heightened geopolitical uncertainty.</p><p>“The quarter was anchored by record wealth management performance, alongside robust deposit growth, record transaction services fees and stronger markets trading income.”</p><p>DBS was the first of Singapore’s three lenders to report quarterly results. UOB is scheduled to release earnings on May 7, while OCBC is expected to report on May 8.</p><p>Shares of  DBS  closed down 0.3 per cent or S$0.19 at S$56.56 on Wednesday.</p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

DBSDY

<p>DBS reported a 1% increase in Q1 net profit to S$2.93 billion, surpassing forecasts. Total income reached a record S$5.95 billion, with profit before tax up 2% to S$3.51 billion. The bank declared a dividend of S$0.81 per share. Wealth management fees hit a record S$907 million, contributing to strong performance despite a decline in net interest income and margin. The non-performing loans ratio improved to 1%. CEO Tan Su Shan highlighted robust deposit growth and strong trading income as key factors for the quarter's success.</p>

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DBS Q1 net profit up 1% to S$2.93 billion on record wealth management fees, beating forecasts