On February 10, DBS reported a record profit jump following the release of its fourth-quarter earnings report. Singapore’s largest bank reported a jump in net profit and also forecasted better net income for 2025. DBS stock gained by 4% in early trade following the increase in net profit on Monday. As per company reports, the net profit rose by $11.4 billion for a full year. DBS Q4 earnings net profit rose by 10% to $1.93 billion more than $1.76 billion of last year.
The company said in a statement that the growth was fueled by increased net interest income and strong results from its wealth management division. Piyush Gupta, DBS CEO said, “Balance sheet management supported net interest income growth while improving investor sentiment drove wealth management fees and treasury customer sales to new highs.”
DBS Dividend Announcement
Along with its strong earnings, DBS declared a final dividend of 60 Singapore cents per share, up from 54 cents last year. The bank also introduced a plan to pay a capital return dividend of 15 Singapore cents per share each quarter in 2025. It said it would continue to return a similar amount of capital over the next two years, either through this plan or other methods.
Analysts noted that the 2025 capital return plan, along with a S$3 billion buyback announced earlier, shows DBS’s dedication to rewarding shareholders while focusing on long-term growth.
DBS Record Profit
The record fee income was largely driven by the wealth management unit, which saw a 45 percent growth, reaching nearly S$2.2 billion. Overall, the wealth business posted a pre-tax profit of S$4.4 billion, up 9 percent, with assets under management growing 17 percent to a record high of S$426 billion.
DBS Earnings Forecast 2025
Looking ahead, DBS expects its net interest income for fiscal 2025 to slightly surpass the S$15.04 billion recorded in 2024, with growth expected despite global economic uncertainties. The bank’s net interest margin, a key measure of profitability, improved to 2.15% from 2.13% in the same quarter last year, reflecting strong management of interest-earning assets.
DBS Stock Surges by 4%
DBS stock performed well last week, especially after the release of its fourth-quarter earnings report. Starting the week at 45.60 SGD, the stock rose to a high of 46.50 SGD before closing at 45.38 SGD. This upward movement was driven by the bank’s strong financial results, which beat market expectations. The positive earnings boosted investor confidence, leading to more buying and pushing the stock price higher.
