Introduction

Singapore's largest bank, DBS Group Holdings, saw its shares surge to an all-time high on Monday after reporting a strong Q4 profit and unveiling a capital return plan. The bank also upgraded its 2025 net interest income (NII) forecast, reinforcing investor confidence.

Key Financial Highlights

• Net Profit: S$2.62 billion ($1.9 billion) in Q4 2023, up from S$2.39 billion a year ago.
• Net Interest Income (NII) Forecast:
  • Now expected to exceed last year's S$15.04 billion ($11.1 billion).
  • Upgraded from the earlier projection of remaining flat at 2024 levels.
• Net Interest Margin (NIM):
  • Increased to 2.15% from 2.13% in the previous year.
• Dividend Growth:
  • Final dividend: 60 Singapore cents per share, up from 54 cents a year ago.

Stock Performance & Market Reaction

• DBS stock hit a record S$46.5, pushing the Straits Times Index (STI) to its highest-ever level.
• The bank's resilient performance helped Singapore's benchmark index outperform broader Asian markets, which were under pressure from Trump's tariff warnings on steel and aluminum.

CEO's Outlook: Strong Fundamentals Despite Global Uncertainty

DBS CEO Piyush Gupta highlighted that despite macroeconomic and geopolitical risks, the bank's digital and franchise transformation over the past decade ensures it remains well-positioned for strong returns.

For a deeper analysis of financial metrics and valuation trends, explore:
📌 Key Metrics (TTM) API
📌 Financial Growth API