DBS Group Q3 Net Profit Declines

rttnews
2025.11.06 05:41
portai
I'm PortAI, I can summarize articles.

DBS Group Holdings reported a decline in third quarter net profit to S$2.95 billion from S$3.03 billion last year. Earnings per share also fell to S$4.12 from S$4.21. However, profit before tax increased by 1% to S$3.48 billion, and total income rose to S$5.93 billion from S$5.75 billion. CEO Tan Su Shan highlighted strong results with record pre-tax profit and a return on equity above 17%, driven by wealth management and deposit growth despite external rate pressures.

DBS Group Holdings reported third quarter net profit of S$2.95 billion compared to S$3.03 billion, last year. Reported earnings per share was S$4.12 compared to S$4.21. Profit before tax was up 1% to S$3.48 billion.

Total income for the period increased to S$5.93 billion from S$5.75 billion, last year. Net interest income was S$3.58 billion compared to S$3.60 billion.

DBS CEO Tan Su Shan said, "We delivered a strong set of results for the third quarter with record pre-tax profit and ROE above 17%. Total income reached a new high as we sustained the strong momentum in wealth management and deposit growth while mitigating external rate pressures through proactive balance sheet hedging."

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

For comments and feedback contact: editorial@rttnews.com

Business News

Source: rttnews The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.