---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000459946.md"
description: "$DBS(D05.SG) just dropped its Q4/FY2025 results, and it’s a mixed bag that‘s got everyone talking. It was a tough quarter. Net profit fell 10% YoY to S$2.26B, missing street estimates. The main culprit? That squeezed Net Interest Margin (NIM), which dropped to 1.93% from 2.15% a year ago, thanks to lower rates. But it’s not all bad news. The wealth management machine is still humming, with assets under management up 19% to a record S$488B. Also, they‘re sharing the spoils with a total dividend of S$0.81 per share for the quarter (up from S$0.60 last year). Looking ahead, the guidance is cautious. CEO Tan Su Shan expects 2026 net interest income and net profit to be slightly below 2025 levels, given the ongoing rate pressures. So, the big picture question is this: Is the strong fee income (especially from wealth) and solid capital return enough to offset the clear pressure from falling interest margins, especially with a cautious outlook?"
datetime: "2026-02-09T07:55:48.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000459946.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000459946.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000459946.md)
author: "[Crazy rich](https://longbridge.com/en/profiles/17942174.md)"
generator: "portal-rs"
---

# $DBS(D05.SG) just dropped its Q4/FY2025 results, a…


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## Comments (7)

- **ToHelpAndServeOthers · 2026-02-10T02:54:12.000Z**: I think our money can be used harder on other stocks for now. Cannot be too sentimental.
- **MAS · 2026-02-09T21:22:45.000Z**: Holding for yield.
- **Dividends Lover · 2026-02-09T09:03:42.000Z · 👍 1**: Just bought 2 lots *points to my username*
- **greeeedy options · 2026-02-09T08:29:19.000Z · 👍 1**: Comparing to global peers, DBS still shows fee resilience. But the NIM guide for 2026 is a real buzzkill for re-rating hopes.
- **Big_Angel · 2026-02-09T08:26:15.000Z**: 1.93% NIM vs 2.15% in the same period last year – this is a steeper contraction than expected. Fortunately, expense revenue held up.
- **markypots · 2026-02-09T08:24:20.000Z**: Dividend up, NIM down… Mixed feelings man. But that wealth mgmt growth is 🔥
  - **ToHelpAndServeOthers** (2026-02-10T02:55:00.000Z): Time to move on first, Bro.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**