United Overseas Bank Limited · SGX:U11
United Overseas Bank — United Overseas Bank Ord — Q1 2026 Earnings Presentation
21 slides from United Overseas Bank's earnings presentation, May 7, 2026
Slide 1: UOB Group Financial Updates
UOB Group Financial Updates Leong Yung Chee Group Chief Financial Officer For the First Quarter Ended 31 March 2026 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities current at the date of the presentation. It
Slide 2: Executive Summary
Executive Summary Net profit after tax • First quarter 2026 net profit of $1.4 billion, underscoring the resilience of the $1.4b + 2% QoQ Group’s franchise and supported by broad-based income streams - 4% YoY • Net interest income moderated, with net interest margin narrowing to 1.82%, Net Interest
Slide 3: 1Q26 net profit at $1.4 billion
1Q26 net profit at $1.4 billion Supported by resilient franchise amid market volatility 1Q26 4Q25 QoQ 1Q25 YoY $m $m +/(-)% $m +/(-)% Net interest income 2,324 2,346 (1) 2,409 (4) Net fee income 637 625 2 694 (8) Other non-interest income 462 319 45 554 (17) Total income 3,422 3,289 4 3,657 (6) Less
Slide 4: Group Retail
Group Retail Selected income statement data 1Q26 1Q25 YoY Highlights $m $m % • PBT moderated by declining rates and market competition. Increased credit Income 1,288 1,336 (4) costs was in line with asset growth, while portfolio quality remained healthy. Lending, Deposits1 721 813 (11) Wealth 342 32
Slide 5: Group Wholesale Banking
Group Wholesale Banking Selected income statement data Highlights 1Q26 1Q25 YoY • PBT reflected lower rates backdrop alongside continued demand for high quality $m $m % Income 1,470 1,685 (13) assets, while portfolio quality was stable Transaction Banking 684 834 (18) • Close to half of GWB income c
Slide 6: Global Markets
Global Markets Record-high income driven by broad-based treasury demand, as well as liquidity and trading opportunities Total income ($m) +19% +39% 658 623 555 526 474 319 364 Treasury Non-Customer 284 247 214 Treasury Customer1 272 279 303 260 294 1Q25 2Q25 3Q25 4Q25 1Q26 Total Assets2 ($b) 142 143
Slide 7: Net interest income eased due to a shorter quarter
Net interest income eased due to a shorter quarter, while day-adjusted income grew 1% on asset growth 2.40 Loan Margin (%) 2.27 2.17 2.16 2.12 Net Interest Margin (%) 2.00 1.91 1.82 1.84 1.82 Interbank & Securities Margin (%) 1.16 1.16 1.16 1.14 1.14 -1% 2,409 2,336 2,346 2,265 2,324 NII from Interb
Slide 8: Rate pressures moderated through active funding cost management
Rate pressures moderated through active funding cost management Loan Margin (%) 2.40 2.17 2.16 Interbank & Securities 1.14 1.14 Margin (%) Net Interest Margin (%) 1.84 1.82 -0.02 -0.14 0.15 4Q25 Asset Funding Volume/Mix 1Q26 repricing cost SGD +0.03 | 3M SORA average -0.16 HKD -0.02 | 1M HIBOR avera
Slide 9: Gross fees supported by higher capital market activities
Gross fees supported by higher capital market activities and sustained wealth momentum +1% 896 892 847 857 Others ($m) 90 829 96 100 98 82 Credit Card ($m) 281 296 284 284 321 Wealth ($m) 213 218 188 219 203 Loan / Trade Related ($m) 312 274 282 256 223 1Q25 2Q25 3Q25 4Q25 1Q26 Note: Above fees are
Slide 10: Stable cost base supported by investment discipline
Stable cost base supported by investment discipline 45.2 46.4 44.3 44.5 42.6 Cost-to-income Ratio (%) 1,559 1,535 1,535 1,528 1,523 Other expenses1 ($m) 361 397 426 424 353 IT-related expenses ($m) 253 259 280 290 333 Staff costs ($m) 945 880 890 818 771 1Q25 2Q25 3Q25 4Q25 1Q26 1. Includes revenue-
Slide 11: NPL ratio unchanged at 1.5%
NPL ratio unchanged at 1.5% 1.6 1.6 1.6 1.5 1.5 NPL ratio (%) Non-Performing 5,809 Assets 5,361 5,386 5,440 5,276 914 ($m) Rest of the world 609 736 739 461 Greater China 1,387 1,330 1,509 1,498 1,730 ASEAN-4 2,440 2,441 2,503 2,313 2,253 Singapore 925 879 883 890 832 1Q25 2Q25 3Q25 4Q25 1Q26 Non-in
Slide 12: Total credit costs within expectations at 26bps
Total credit costs within expectations at 26bps 134 35 32 Total credit costs (bps) 55 26 29 Specific credit costs (bps) 32 26 19 19 1,166 687 290 274 1 172 231 General allowance on loans ($m) 133 479 273 231 249 Specific allowance on loans ($m) 156 (59) (18) 1Q25 2Q25 3Q25 4Q25 1Q26 12
Slide 13: Stable and adequate provision coverage
Stable and adequate provision coverage 30 30 30 Specific allowance/NPA (%) 26 24 General allowance on loans include 0.8 0.8 1.0 1.0 1.0 RLAR/Performing loans (%) 5,787 379 5,268 5,251 4,829 4,765 379 379 RLAR ($m) 379 379 3,664 General allowance ($m) 2,833 2,776 3,557 3,506 Specific allowance ($m) 1
Slide 14: Customer loans up 4% YoY, with modest QoQ growth
Customer loans up 4% YoY, with modest QoQ growth By Industry By Geography ($b) +4% +0% 5% 5% 341 343 351 352 354 Rest of the world 49 51 53 53 52 24% 25% Greater China 51 48 48 45 49 74 74 75 77 77 ASEAN-4 $354b Mar-26 Singapore 167 170 175 177 176 9% 9% Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Note: Loan
Slide 15: Liquidity and Funding Strength Maintained
Liquidity and Funding Strength Maintained 143 147 144 143 141 All-currency LCR (%) 116 118 116 116 115 Net Stable Fund Ratio (NSFR) (%) 84.0 83.7 82.5 81.7 81.9 Loan/Deposit Ratio (LDR) (%) 487 502 501 467 465 67 76 75 Wholesale Funding ($b) 1 66 60 180 177 183 FD & others ($b) 180 176 CASA ($b) 221
Slide 16: Strong capital position underpinned by healthy CET1 of 15.3%
Strong capital position underpinned by healthy CET1 of 15.3% 15.5 15.3 CET1 ratio (%) 15.3 14.6 15.1 CET1 ratio (%) – Fully Loaded 15.4 15.2 15.1 14.5 14.9 269 273 276 278 266 RWA ($b) Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Leverage ratio (%) 7.3 7.1 6.6 6.7 7.0 16
Slide 17: In Summary
In Summary 2026 outlook Consistent execution Steady performance towards strategic priorities Loans Low single-digit growth Full-year NIM Steady growth in Retail CASA, wealth 1.75% - 1.80% 1Q26 NPAT of $1.4b, underscored by and cards; double-digit momentum in a diversified and resilient franchise Who
Slide 18: Appendix
Appendix ▪ Exposure to Greater China ▪ Exposure to United States 18
Slide 19: Exposure to Greater China
Exposure to Greater China 2.3 2.1 1.9 1.2 1.6 General allowance on loans/Performing loans (%) 51 49 48 48 45 Customer Loans ($b) Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 NPL ratio (%) 2.7 2.7 3.1 3.3 3.5 NPA coverage (%) 47 57 78 60 57 Unsecured NPA coverage (%) 193 228 299 259 272 Note: Classification is
Slide 20: Exposure to United States
Exposure to United States 4.7 4.8 General allowance on 1.3 2.2 1.0 loans/Performing loans (%) 17 17 15 14 13 Customer Loans ($b) Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 NPL ratio (%) 3.7 4.2 4.0 3.0 1.5 NPA coverage (%) 93 67 69 106 233 Unsecured NPA coverage (%) 148 129 147 235 978 Note: Classification
Slide 21: Right By You
@ Right By You
United Overseas Bank Ord — Q1 2026 Earnings Presentation on 6ix