Oversea-chinese Banking Corporation Limited · SGX:O39
Oversea-chinese Banking — Q1 2026 Earnings Presentation
20 slides from Oversea-chinese Banking's earnings presentation, May 8, 2026
Slide 1: OCBC First Quarter 2026 Results Highlights
OCBC First Quarter 2026 Results Highlights Goh Chin Yee Group Chief Financial Officer 8 May 2026 OCBC Financial Results
Slide 2: Agenda
Agenda 01 Financial Highlights 02 Group Performance Trends Notes: - Certain comparative figures may have been restated to provide meaningful comparisons where necessary; - Amounts less than S$0.5m are shown as “0”; - “nm” denotes not meaningful; - “na” denotes not applicable; - Figures may not sum t
Slide 3: Performance highlights: Strong 1Q26 performance
Performance highlights Strong 1Q26 performance ▪ NPAT up QoQ and YoY as total income hit a new high +5% YoY Group Net Profit S$1.97b +13% QoQ ▪ NII down 3% QoQ and 5% YoY amid lower interest rates, partly compensated by average asset growth unchanged YoY ▪ Non-II rose 22% QoQ and 23% YoY to an all-t
Slide 4: 1Q26 net profit up 5% YoY and 13% QoQ, driven by strong Non-II
Performance highlights 1Q26 net profit up 5% YoY and 13% QoQ, driven by strong Non-II Group Performance (S$m) 1Q26 1Q25 YoY 4Q25 QoQ Net Interest Income 2,222 2,345 -5% 2,296 -3% Non-Interest Income 1,606 1,310 +23% 1,320 +22% Total Income 3,828 3,655 +5% 3,616 +6% Operating Expenses 1,505 1,415 +6%
Slide 5: Steady growth supported by diversified franchise
Performance highlights Steady growth supported by diversified franchise Banking Wealth Management ■ Banking Operations net profit Net Profit (S$m) Total Income (S$m) Group WM Income (S$m) 1/ Banking WM AUM (S$b) higher YoY as robust fee and +5% 36.7% 35.9% 38.7% trading income growth offset +6% +12%
Slide 6: Diversified earnings streams across businesses and geographies
Performance highlights Diversified earnings streams across businesses and geographies Operating Profit by Key Businesses 1/ Operating Profit by Geography Others Insurance 8% 19% 1Q26 1Q26 7% 20% 1Q25 Greater 1Q25 China 23% 21% Global Global 47% 43% Wholesale 47% Markets 12% 10% Banking 53% Singapore
Slide 7: Group Performance Trends
Agenda 01 Financial Highlights 02 Group Performance Trends
Slide 8: Decline in 1Q26 NII driven by lower interest rates
Net interest income Decline in 1Q26 NII driven by lower interest rates 1Q22 2.04% 1.92% 1.84% 1.86% Net Interest Margin 1.76% YoY YoY -5% +44% 2Q23 1Q26 2,345 2,296 QoQ QoQ +44% -3% 2,283 2,226 2,222 Net Interest Income ■ NII down 3% QoQ mainly (S$m) due to lower SGD, HKD and USD benchmark rates and
Slide 9: 1Q26 Non-II rose by more than 20% to a new high
Non-interest income 1Q26 Non-II rose by more than 20% to a new high YoY YoY +23% +44% 41.4% 41.9% 2Q23 1Q26 QoQ QoQ +44% +22% 35.8% 35.6% 36.5% % of Group Income ■ Non-II up QoQ and YoY, driven by double-digit 1,570 1,606 growth across fee, trading and insurance income, Non-interest Income (S$m) 311
Slide 10: 1Q26 fee income driven by wealth management
Non-interest income 1Q26 fee income driven by wealth management YoY YoY +24% +44% 2Q23 1Q26 QoQ QoQ +44% +12% 683 675 ■ Fee income rose QoQ and YoY, 65 65 led by wealth management 602 580 46 546 47 (WM) fees, and an increase in 75 Net Fees & Commissions (S$m) 76 investment banking and trade- 66 20 O
Slide 11: 1Q26 trading income up 10%
Non-interest income 1Q26 trading income up 10% YoY YoY +10% +44% 2Q23 1Q26 QoQ QoQ +44% +10% 518 ■ Trading income rose 10% QoQ and YoY, driven by record customer flow income 145 434 396 395 22 ■ Customer flow income grew 375 35% YoY, driven by wealth- 31 90 related activities and demand Trading Inco
Slide 12: Disciplined cost management, CIR at 39%
Operating expenses Disciplined cost management, CIR at 39% YoY YoY +6% +44% 2Q23 1Q26 43.1% QoQ QoQ +44% -4% 38.7% 39.1% 40.0% 39.3% Cost-to-income ratio “CIR” ■ Expenses grew 6% YoY, driven by increased staff 1,559 costs to support business 1,519 1,505 1,415 growth, and continued 1,389 256 216 157
Slide 13: Continued loan growth momentum
Loans Continued loan growth momentum Loans by Geography Loans by Industry YoY YoY +8% +44% +8% Mar 2Q2326 QoQ QoQ +44% +2% (S$b) +9% in constant ccy terms +2% +2% in constant ccy terms 9% 341 347 322 325 327 7% 21% ■ Corporate, SME and Rest of the world 68 71 72 75 80 7% 9% 21% Consumer/Private Bank
Slide 14: Asset quality resilient, NPL ratio steady at 0.9%
Asset quality Asset quality resilient, NPL ratio steady at 0.9% Non-performing assets (NPAs) 1Q25 4Q25 1Q26 YoY YoY +7% +44% Mar 2Q2326 QoQ QoQ +44% -4% (S$m) At start of period 2,869 2,989 3,243 ■ NPL ratio held at 0.9% for 8 consecutive quarters Corporate/ Commercial Banking and Others New NPAs 23
Slide 15: 1Q26 allowances higher from non-impaired assets
Allowances 1Q26 allowances higher from non-impaired assets YoY YoY +2% +44% Credit costs (bps) 1/ 24 20 23 2Q23 1Q26 16 QoQ QoQ +44% +8% Total 12 23 ■ 1Q26 allowances mostly 11 7 16 Impaired 4 comprised allowances for non-impaired assets ■ Allowances for non-impaired assets driven by heightened macr
Slide 16: NPA coverage ratio rose to 163%
Allowances NPA coverage ratio rose to 163% YoY YoY +7% +44% 162% 160% 163% Mar 2Q2326 156% QoQ QoQ +44% +4% Total NPA coverage 151% Allowances for non-impaired 0.9% 0.9% 0.9% 0.9% 0.9% ■ NPA coverage ratio higher loans / Performing loans QoQ due to decline in NPAs and increase in cumulative allowanc
Slide 17: Deposits grew QoQ and YoY
Deposits Deposits grew QoQ and YoY YoY YoY +10% +44% 78.9% 78.7% 78.6% 78.6% 77.2% Mar 2Q2326 Group LDR QoQ QoQ +44% +4% 78.5% 79.8% 78.8% 79.1% 78.4% ■ Deposits up 10% YoY SGD LDR primarily from 13% increase in CASA deposits 51.8% 49.3% 49.2% 50.7% 47.2% USD LDR ■ Deposits rose 4% QoQ, CASA ratio o
Slide 18: Robust liquidity and funding profile to support growth
Balance sheet Robust liquidity and funding profile to support growth Loans-to-Deposits Ratio Funding Group LDR (%) Composition ■ Diversified funding base Customer deposits 11% comprising about 80% Bank deposits 6% customer deposits Debts issued 4% S$565b Mar 26 79% Capital and reserves ■ Strong cred
Slide 19: Solid capital position
Capital Solid capital position YoY YoY -0.3ppt +44% 17.6 Mar 2Q2326 17.0 16.9 16.9 17.0 Transitional CET1 Fully phased-in QoQ +0.1ppt QoQ +44% CAR1/ 1/ 2.1 15.9 1.7 1.9 1.8 1.8 1.7 ■ CET1 CAR up QoQ, largely CET1 CAR from profit accretion and CET1 CAR (%) 15.5 15.3 Fully phased-in after adjusting fo
Slide 20: Thank you
Thank you Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future business aspirations. This presentation contains “forward-looking statements”, which are ba
Oversea-Chinese Banking Corporation Limited (OCBC) — Q1 2026 Earnings Presentation on 6ix