- DBS Group’s net income for the fourth quarter was S$2.62 billion, slightly below the estimate of S$2.65 billion.
- Total income for the quarter stood at S$5.51 billion, exceeding the expected S$5.48 billion.
- Net interest income from their commercial book was S$3.83 billion.
- The bank earned S$968 million in net fee and commission income from their commercial book.
- Allowances for credit and other losses were S$209 million.
- The net interest margin was 2.15%, higher than the estimated 2.07%.
- Non-performing loans ratio was 1.1%, slightly above the estimated 1.06%.
- Common equity Tier 1 ratio was strong at 17%, surpassing the estimates of 15.2%.
- The cost to income ratio was efficient at 43.5%, better than the estimated 44.4%.
- For the full year 2024, DBS Group reported a net income of S$11.41 billion.
A look at DBS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
DBS Group Holdings Limited, a leading financial services provider, is poised for a positive long-term outlook based on its Smartkarma Smart Scores. With a strong momentum score of 5, DBS demonstrates robust performance potential in the market. Additionally, the company scores well in growth and dividend factors, with scores of 4 for both categories. This indicates a promising trajectory in terms of expansion and returns for investors. However, areas such as value and resilience have room for improvement, scoring 2 in each. Despite this, DBS‘s overall outlook appears favorable, positioning it as a promising investment option in the financial sector.
DBS Group Holdings Limited and its subsidiaries offer a wide range of financial services, including mortgage financing, funds management, and corporate advisory. As the primary dealer in Singapore government securities, DBS plays a pivotal role in the financial landscape. Smartkarma’s ratings highlight the company’s strengths in dividend payouts and growth potential, which bode well for long-term investors seeking stability and profitability. By focusing on enhancing its value and resilience scores, DBS can further solidify its position as a key player in the financial services industry, attracting more investors and driving sustainable growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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