DBS Group Holdings Ltd (DBSDY) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Dbs Group Holdings Ltd.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.878 Good morning and welcome to DBS's financial results briefing. 00:00:04.878 -- 00:00:09.986 This morning we announced first quarter net profit of $2.93 billion 00:00:09.986 -- 00:00:12.830 as total income reached a new high. 00:00:12.830 -- 00:00:17.998 As per our norm, our CEO Tan Tushan and CFO Cheung Sok Fee will share more 00:00:17.998 -- 00:00:23.406 about the quarter. Both will be speaking to slides which you can see on your screens. 00:00:23.406 -- 00:00:27.212 The slides can also be found on our investor relations website. 00:00:27.212 -- 00:00:31.916 And thereafter we will take questions. So without further ado, Sogdi, please. 00:00:31.916 -- 00:00:34.459 Hi, good morning, everyone. Let 00:00:34.459 -- 00:00:37.563 me start with slide two, the key highlights. 00:00:37.563 -- 00:00:41.147 We delivered a strong set of results for the first quarter. 00:00:41.147 -- 00:00:46.875 Net profit rose 1% year-on-year as total income reached a new high. 00:00:46.875 -- 00:00:49.818 While return on equity was 17%, 00:00:49.818 -- 00:00:54.542 return on tangible equity was 18.7%. 00:00:54.875 -- 00:01:00.620 Total income grew 1% from a year ago to a record $5.95 billion. 00:01:00.964 -- 00:01:06.151 While we continue to face lower rates and a stronger SING dollar, our strong deposit 00:01:06.151 -- 00:01:09.476 growth and hedging mitigated the headwinds. 00:01:09.476 -- 00:01:14.884 Meanwhile, robust wealth management performance drove free income and treasury 00:01:14.884 -- 00:01:19.911 customer sales to new highs, and market trading income strengthened 00:01:19.911 -- 00:01:24.372 from lower funding costs and improved trading editions. 00:01:24.372 -- 00:01:28.436 Compared to the previous quarter, net profit rose 24%, 00:01:28.436 -- ...