DBS dividend

Earnings for the full year surged by 20 per cent to $8.19 billion – also a new high. Read more at straitstimes.com.

However, its non-interest income rose 12 per cent to $329 million. This brings the total payout for the full year to $2 a share. Its results mark the start of earnings season for Singapore’s local lenders. It also wrote back, or restored to profit, $116 million of general allowances that it previously set aside for potential bad loans. It also blew past the $2.17 billion forecast by analysts in a Bloomberg poll. Other non-interest income rose 13 per cent from a year ago to $320 million from an increase in treasury customer sales.

Singapore's largest bank pays out a bumper dividend even as it guides for single-digit loan growth this year.

And we think dividends could be the answer to rising inflation and market uncertainty in 2023. Our team has spent decades scouring SGX for stocks. Elsewhere, the wealth management division saw its total income rise 20% year on year to a record high of S$3.3 billion. The bank’s fee income, however, dipped by 8.9% year on year to S$3.7 billion for FY2022 due to wealth management fees falling by a quarter. Total income almost touched S$4.6 billion, up 41% year on year while net profit for the quarter soared 68% year on year to S$2.3 billion. Loan and transacted-related fees also improved year on year to offset some of the declines from wealth management. However, card fees jumped 20% year on year to S$858 million in line with the increase in spending on overseas holidays as borders reopened. Despite the lower fee income, total income saw a 16% year on year uplift to a record S$16.5 billion. Net profit for FY2022 climbed 20% year on year to S$8.2 billion. Fee income for the segment, however, dipped by 12% year on year to S$3.1 billion. With total expenses rising just 10% year on year, the lender’s profit before allowances jumped 22% year on year to S$9.4 billion. For FY2022, net interest income (NII) for DBS’ commercial book segment surged 40% year on year to S$10.7 billion as the bank benefitted from rising interest rates.

(Bloomberg) -- DBS Group Holdings Ltd.'s fourth-quarter profit topped estimates, helped by lending gains as a strong capital base allowed the bank to ...

Q4 net profit surges to S$2.34 billion, beats estimates · Annual profit soars 20% to record S$8.2 billion · Total net interest margin 2.05%, up from 1.43% ...

[(.STI)](https://www.reuters.com/quote/.STI) fell to 20-month lows. [(OCBC.SI)](https://www.reuters.com/companies/OCBC.SI) and UOB [(OCBC.SI)](https://www.reuters.com/companies/OCBC.SI), which report results next week, are also expected to post a sharp rise in annual profits, but quarter-on-quarter earnings are seen as being flat to slightly lower. "Our business pipelines are healthy and asset quality robust. [(.STI)](https://www.reuters.com/quote/.STI). DBS, the first Singapore bank to report this season, said October-December net profit rose to a record S$2.34 billion ($1.76 billion) compared with an average estimate of S$2.16 billion from three analysts, according to Refinitiv data, and S$1.39 billion in the same period a year earlier. DBS reported a total net interest margin, a key gauge of profitability, of 2.05% for the latest quarter, up from 1.43% in the same period a year earlier. Register for free to Reuters and know the full story Analysts at Citi said in a note that while the market is likely to welcome the special dividend, softer guidance on net interest margins could be a focus during a management conference call later on Monday. We expect confidence to return to markets in the coming year as interest rate increases ease and China reopens," Gupta said. [(DBSM.SI)](https://www.reuters.com/companies/DBSM.SI) reported a higher-than-expected 68% rise in quarterly profit as rising interest rates boosted its net interest margins and Southeast Asia's largest bank by assets retained its full-year outlook for mid-single-digit loan growth. Singapore lenders are set to report their highest quarterly net interest margins in more than a decade on rising interest rates but as the cycle peaks and economic growth falters, profit growth will be curbed, analysts said. The Singapore-based bank warned that there was a downside risk of 5 to 7 basis points to the group's peak net interest margin guidance of 2.25% due to factors including outflows to treasury bills and a strengthening Singapore dollar.

(Bloomberg) -- DBS Group Holdings Ltd.'s fourth-quarter profit topped estimates, helped by lending gains as a strong capital base allowed the bank to ...

Despite a volatile year for markets, DBS managed to capitalize on higher interest rates to register improved profits from record revenues.

This brings the total payout for the financial full year to S$2.00 per share,» said DBS chief executive Piyush Gupta. The bank’s cost-income ratio also improved from 46 percent to 43 percent. A boost in net interest income from higher rates more than offset a decline in non-interest income due to market volatility.

DBS will likely continue to post strong results in 2023 as the lender rides on its strong asset quality and sustained loan momentum, said its chief ...