OCBC posts record quarterly profit of SGD2.2 billion, up 22%

Earnings
โดย GuruFocus·SG·Read original
Summary · why it matters

Oversea-Chinese Banking Corp reported a record quarterly net profit of SGD2.2 billion for the second quarter of 2026, up 22% year on year and marking the first time quarterly profit crossed SGD2 billion. Total income rose 18% to a new high of SGD4.17 billion, driven by a 51% surge in non-interest income, while net interest income slipped 1% to SGD2.26 billion as the net interest margin compressed 6 basis points quarter on quarter to 1.70%. For the first half, net profit reached a record SGD4.19 billion, up 13%, with total income growing 11% to SGD8 billion and non-interest income jumping 36% to SGD3.51 billion, now accounting for 44% of total income. Wealth management income hit a new high of SGD3.29 billion, up 27%, and net new money inflows totaled SGD11 billion in the first half. The bank declared an interim dividend of SGD0.47, a 15% increase, and confirmed it remains on track to complete its SGD2.5 billion capital return plan by fiscal 2026, with about SGD800 million remaining.

Impact on stocks 2

Digital Finance & Tokenization▲ · 1 stocks
Financials▲ · 1 stocks
© 2026 MarketDXNews