DBS Q1 Net Profit Up 1% Beats Forecast

DBS reported Q1 2026 net profit of S$2.93bn, a 1% YoY increase, surpassing the S$2.88bn consensus.
Profit before tax rose 2% to S$3.51bn and total income hit a record S$5.95bn.
Wealth management fees reached a record S$907m, while net interest income fell 7% to S$3.48bn amid tighter monetary conditions.
The bank declared a quarterly dividend of S$0.81 per share, reflecting its commitment to shareholder returns despite modest profit growth.