Overview
- DBS posted Q3 net profit of S$2.95 billion, down 2% year on year yet above estimates, with a total dividend of 75 Singapore cents per share including a 15-cent capital return and an expected payout of S$2.13 billion.
- DBS guided that 2026 net profit will be slightly below 2025 with total income roughly flat, group net interest income slightly lower, and projected commercial-book non-interest income growth in high single digits with wealth income rising by mid-teens.
- DBS reported a net interest margin of 1.96% versus 2.11% a year earlier, noting a 6% drop in commercial-book net interest income partially cushioned by hedging and deposit growth.
- UOB’s Q3 net profit fell 72% to S$443 million after S$1.36 billion in allowances, including S$615 million in pre-emptive general provisions that lifted general allowance coverage to 1% of performing loans, with dividend plans unchanged.
- UOB forecast 2026 full-year NIM of 1.75%–1.80% versus this year’s 1.85%–1.90% and reported Q3 NIM of 1.82% from 2.05% a year earlier, while OCBC reported flat Q3 profit at S$1.98 billion with NIM at 1.84% and stronger non-interest income.