What happened?  DBS reported a record profit of S$8.19b for FY22. It also proposed a higher core dividend of 42 cents and special dividend of 50 cents. This brings its full-year dividend to S$2 per share. During the results briefing, DBS management shared that there is potential for the company to earn S$10 billion of net profit in 2023. However, its share price came down following the results on 13 January. Let’s dive deeper into the results to see what might be driving the share price weakness, and if the S$10 billion target may be achievable. Why did DBS share price fall following its 4Q22 results There were a few developments from DBS’ fourth quarter results that paint a less rosy picture. #1 Full-year loans growth was lacklustre at 4%. In fact, gross loans shrank 3.4% in 4Q22 qoq. Borrowers chose to repay loans earlier as lending rates climbed. Management has guided for a muted mid-single-digit growth in loans for FY23....