$UOB(U11.SG) reported a net profit of S$1.25 billion for the third quarter of 2026 (3Q26), missing analyst forecasts of …
$UOB(U11.SG) reported a net profit of S$1.25 billion for the third quarter of 2026 (3Q26), missing analyst forecasts of about S$1.38 billion.
Key 3Q26 Financial Highlights
• Net Profit: S$1.25 billion (down 15% quarter-on-quarter, though up 182.2% from a low base).
• Net Interest Income (NII): S$2.3 billion (down 1% QoQ), with the Net Interest Margin (NIM) easing to 1.68%.
• Net Fee Income: Reached a record S$733 million (up 10% QoQ), supported by strong wealth management.
• Other Non-Interest Income: Dropped 41% QoQ to S$370 million, primarily due to the absence of non-recurring divestment gains from the previous quarter and lower trading/investment income.
• Total Expenses: S$1.6 billion (down 4% QoQ).
• Asset Quality: Credit costs remained steady at 24 basis points, and the non-performing loan (NPL) ratio improved to 1.5%.
• Capital Adequacy: The fully-loaded Tier 1 ratio stood at 14%.
• 9M26 Performance: For the first nine months of 2026, net profit rose 27% year-on-year.
The official report documents and investor presentations can be assessed via the UOB Investor Relations Financial Results portal:
https://www.uobgroup.com/investor-relations/financial/index.html
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