DBS 2Q Earnings Beat Forecasts on Strong Fee Growth
By Amanda Lee and P.R. Venkat
DBS Group's second-quarter net profit rose, supported by higher noninterest income, including strong fee income and treasury customer sales, which more than offset a slight decline in net interest income.
Net profit for the three months ended June increased 9%, to 3.08 billion Singapore dollars (US$2.40 billion), Singapore's largest bank said Thursday.
That beat the S$2.84 billion consensus estimate of analysts polled by Visible Alpha.
Total income rose 6%, to S$6.09 billion, as a 25% jump in net fee and commission income to S$1.46 billion offset softer net interest income.
"While the macroeconomic environment continues to evolve, our strong balance sheet, sound asset quality, healthy allowance reserves and capital position leave us well placed to capture growth opportunities and continue delivering sustainable shareholder returns," DBS CEO Tan Su Shan said.
DBS declared a second-quarter dividend of 66 Singapore cents a share.
Write to Amanda Lee at amanda.lee@wsj.com and P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
August 05, 2026 19:14 ET (23:14 GMT)
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