After reporting a blockbuster set of earnings for fiscal 2021 (FY2021), DBS Group (SGX: D05) has once again impressed with its latest set of earnings. The lender released its business update for fiscal 2022’s first quarter (1Q2022) and reported a net profit of S$1.8 billion, its second-highest on record. DBS managed this performance despite growing macroeconomic headwinds such as slower global growth, higher inflation and supply chain disruptions brought about by the Russia-Ukraine war. Here are five highlights from the bank’s latest results. A creditable financial performance Net interest income for 1Q2022 came in at S$2.19 billion, up 4% year on year from S$2.11 billion. However, net fee and commission income dipped by 7% year on year due to lower wealth management and investment banking fees. As a result, the bank’s total income dipped 3% year on year to S$3.75 billion. Expenses rose 4% year on year to S$1.64 billion, and profit before allowances declined by 7% year on year to S$2.1 billion....