The bank will be maintaining its capital return dividend in FY2026 and FY2027, barring unforeseen circumstances
[SINGAPORE] DBS’ net profit for its fourth quarter ended Dec 31, 2025, fell 10 per cent to S$2.26 billion, compared with S$2.52 billion from the year-ago period.
Excluding the S$100 million set aside for CSR commitments, net profit would have been S$2.36 billion, the bank said on Monday (Feb 9).
The earnings missed the S$2.59 billion consensus forecast in a Bloomberg survey of six analysts.
The lender declared an ordinary dividend of S$0.66 per share and a capital return dividend of S$0.15 per share for the period.
This brings the quarter’s total dividend payout to S$0.81 per share, compared with the S$0.60 per share in the year-ago period.
For the commercial book, total income was down 3 per cent to S$5.18 billion.
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Net interest income for the segment fell 6 per cent to S$3.59 billion, due to lower net interest margin.
Commercial book net fee and commission income was up 14 per cent at S$1.1 billion, led by higher wealth management. Investment banking and loan-related fees were also higher.
Commercial book other non-interest income fell 11 per cent to S$486 million, as a 13 per cent increase in treasury customer sales was offset by lower other income, which had included non-recurring gains a year ago.
Meanwhile, its markets trading income fell 3 per cent to S$154 million.
Overall, group net interest margin (NIM) stood at 1.93 per cent for the quarter, from 2.15 per cent in the previous corresponding period.
The bank’s non-performing loans (NPL) ratio was 1 per cent, down from 1.1 per cent the same-period a year ago.
DBS chief executive Tan Su Shan said: “While rate pressures and geopolitical tensions are expected to persist, the quality of our franchise and strong balance sheet provide a solid foundation for the year ahead.”
For the full year, net profit fell 3 per cent to S$10.93 billion, due to higher tax expenses from the consequential implementation of the 15 per cent global minimum tax.
Ahead of the results, DBS shares closed 0.6 per cent lower at S$59.30 on Friday.
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