- DBS Group reported a record second-quarter net profit of S$3.08 billion, up 9% year-on-year, significantly exceeding the S$2.88 billion consensus estimates from analysts polled by Bloomberg.
- The bank's total income for the quarter reached S$6.09 billion, marking a 6% increase and setting a new record.
- Assets under management in the wealth division surpassed S$500 billion for the first time, reflecting the strength of DBS's wealth management franchise.
- DBS has raised its full-year 2026 guidance, expecting total income to exceed 2025 levels and group net interest income to close the gap to 2025 levels.
- The bank declared a total dividend of S$0.81 per share for the second quarter of 2026, which includes S$0.66 of ordinary dividends and S$0.15 of capital return dividends.
- DBS's half-year earnings reached S$6.01 billion, a 5% increase year-on-year, with total income at S$12.04 billion, up 3%.
- The bank's return on equity rose to 17.9%, up from 16.7% a year ago, reflecting strong performance despite a challenging interest rate environment.
- DBS shares closed at S$73.55 on August 5, down 1.28% for the day but up 30.41% year to date.
DBS Group Holdings achieved a record net profit of S$3.08 billion for Q2, marking a 9% year-on-year increase and exceeding analyst expectations of S$2.88 billion. The bank's total income rose to S$6.09 billion, a 6% increase from the previous year, driven by strong performance in wealth management and trading.123
CEO Tan Su Shan highlighted the bank's wealth management franchise as a key driver, stating, “We delivered a strong set of results for the first half, anchored by the strength of our wealth management franchise, which drove wealth segment AUM past the half-trillion mark for the first time.” The bank's assets under management in the wealth division surpassed S$500 billion for the first time, reflecting its robust growth in this sector.4
In response to the strong performance, DBS raised its full-year guidance, expecting total income to exceed 2025 levels. The bank anticipates that group net interest income will also improve, despite a decline in net interest margin to 1.87% from 2.05% a year earlier. The bank's interim dividend for the quarter is set at S$0.81 per share, comprising S$0.66 in ordinary dividends and S$0.15 in capital return dividends.6
DBS' results set the tone for the second-quarter earnings season among Singaporean banks, with a focus on how they manage interest-rate pressures and the performance of wealth and transaction banking income.
“The bank declared S$0.81 per share in dividends for the quarter, including a capital return component, and lifted its commercial-book non-interest income growth forecast to the mid-teens. Net interest margin fell to 1.87% from 2.05% a year earlier, offset by strong loan and deposit growth.”
