DBS 1Q26 earnings and dividend highlights

DBS has announced its earnings for first quarter of 2026. Key highlights include: 1Q 2026 pre-tax profit: SGD 3.51 billion (+2% year-over-year)1Q 2026 net profit: SGD 2.93 billion (+1% year-over-year), a record start to the yearTotal income: SGD 5.95 billion, a new high (+1% year-over-year, +12% quarter-on-quarter)Return on equity: 17.0%Ordinary dividend of 66 cents per share for 1Q 2026Capital return dividend of 15 cents per share for 1Q 2026 Source: Company data  

What we learnt from DBS 1Q26 earnings

#1 - Total income at record high despite continued rate headwinds

1Q26 net profit rose 1% year-on-year to S$2.93 billion as record fee income, stronger treasury customer sales and higher markets trading income more than offset the impact of lower interest rates and a stronger Singapore dollar.  Compared to the previous quarter, net profit was 24% higher. Group net interest income declined...