DBS Group Holdings (DBSDY)
OTHER OTC:DBSDY
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.08Last Year’s EPS
3.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic tone: management demonstrated strong operational execution (robust deposit growth, successful hedging, resilient NII, SGD 10bn net new money, >SGD 900m in Q1 wealth fees) and rigorous risk management (comprehensive stress testing and conservative provisioning). However, meaningful headwinds remain — notably SORA falling ~150 bps, modest NIM compression (‑4/‑5 bps), remaining hedging rollout (~SGD 60bn) and considerable geopolitical uncertainty that constrains near‑term capital actions (dividend/buyback). On balance the positives around deposit capture, wealth momentum, diversified fee streams and prudent capital posture outweigh the negatives.Company Guidance
Net Interest Income Resilience
Despite a large SORA decline (~150 basis points year‑on‑year), management reported NII remained resilient (guidance: 'slightly down' vs prior year) due to strong deposit inflows and active hedging. Group NIM declined ~4 bps while commercial book NIM declined ~5 bps, but NII and ROE are the primary focus.
Deposit Growth and CASA Momentum
Deposit growth guidance upgraded from mid‑single digit to high‑single digit. Management highlighted strong, broad‑based deposit inflows (retail seasonal bonuses, corporate operating balances, FD campaigns and new operating-account mandates). More low‑cost CASA increased NII potential (but raised SORA sensitivity).
Wealth Management Strength
Wealth revenue was strong in Q1 (management referenced >SGD 900m in wealth fees for the quarter). Net new money of SGD 10 billion (SGD 6 billion from high‑net‑worth/private banking; SGD 4 billion from Treasures). AUM mix: ~58% in investment products. Banca momentum and insurance sales were particularly robust.
Successful Hedging and Liquidity Deployment
Treasury/hedging execution outperformed recent guidance: management said they over‑replaced maturities in Q1, improving expected roll cost (previously ~50 bps below to ~40 bps below). SGD 80 billion of the hedging book matures this year, with ~SGD 60 billion still to replace. Surplus deposits deployed to HQLA at ~1.0–1.2% helps NII.
Strong Fee Diversification and Cross‑Sell
Management emphasized diversified fee engines beyond wealth (GTS/cash management mandates, loan fees, payment fees). Corporate wins, operating‑account mandates and bancassurance are building recurring fee streams and supporting fee resilience in volatile markets.
Robust Credit Risk Management and Stress Testing
DBS described extensive top‑down and bottom‑up stress testing (oil scenarios up to USD 120–200, currency depreciations of 20–30%, demand disruption and inflation shocks). Management stated general provisions/overlays provide ample buffer and remain appropriate for current risks.
Constructive View on Hong Kong Commercial Real Estate
Management is constructive on HK Grade A Central office markets and noted rent recovery (examples cited HKD 90 → HKD 130 per sq ft). DBS’s Hong Kong CRE exposures are described as focused on top blue‑chip names and have seen some repayments improving credit quality.
Capital Allocation Progress — Buyback and Buffer
DBS completed SGD 400 million of buybacks with ~SGD 2.6 billion remaining under the program (available through 2027). Management signaled prudence in deployment and the retained buffer supports flexibility if markets deteriorate.
DBSDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DBSDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $174.44 | $181.28 | +3.92% |
Nov 05, 2025 | $157.09 | $163.40 | +4.02% |
Aug 07, 2025 | $146.39 | $149.37 | +2.03% |
May 07, 2025 | $123.26 | $123.47 | +0.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does DBS Group Holdings (DBSDY) report earnings?
DBS Group Holdings (DBSDY) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is DBS Group Holdings (DBSDY) earnings time?
DBS Group Holdings (DBSDY) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DBSDY EPS forecast?
DBSDY EPS forecast for the fiscal quarter 2026 (Q2) is 3.08.