DBS announced that net profit for 1Q26 rose 1% YoY to SGD2.93 billion. Supported by strong wealth management performance, fee income and treasury customer sales reached new highs, driving total income to a record SGD5.95 billion.During the period, net interest income fell 5%, mainly due to lower interest rates and a stronger Singapore dollar, which led to a 23 bps narrowing in NIM.The cost-to-income ratio was 39%. Asset quality remained resilient, with the non-performing loan ratio steady at 1.0%, while specific allowances accounted for 14 bps of loans. Return on equity was 17.0%, and return on tangible equity was 18.7%.The board declared a first-quarter ordinary dividend of 66 Singapore cents per share and a capital return dividend of 15 Singapore cents per share. (ha/u)
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