DBS Group Holdings Ltd (DBSDY) Q2 2026 Earnings Call Transcript

SA Transcripts 161.55K Followers Follow DBS Group Holdings Ltd ( DBSDY ) Q2 2026 Earnings Call August 5, 2026 10:30 PM EDT Company Participants Edna Koh - Executive Director of Group Strategic Marketing & Communications Sok Hui Chng - Chief Financial Officer Tan Shan - Group CEO & Executive Director Shee Tse Koon Conference Call Participants Rthvika Suvarna Sheila Chiang Russell Pereira Chanyaporn Chanjaroen Presentation Edna Koh Executive Director of Group Strategic Marketing & Communications Okay. Good morning, everybody, and a very warm welcome to DBS' Second Quarter 2026 Financial Results Briefing. This morning, we announced second quarter net profit rose 9% to a record $3.08 billion as quarterly total income crossed $6 billion for the first time. With us, we have our CEO, Tan Su Shan; and our CFO, Chng Sok Hui to tell us more. So without further ado, Sok Hui, please. Sok Hui Chng Chief Financial Officer Good morning, everyone. So we delivered a record performance in the second quarter. Net profit rose 9% from a year ago to reach a new high of $3.08 billion while return on equity was 17.9% and return on tangible equity was 19.6%. Total income grew 6% and crossed $6 billion for the first time. The increase was driven by higher noninterest income, underpinned by the structural growth of our customer franchise. In particular, robust wealth management momentum was maintained. Fee income was near record levels and treasury customer sales reached a new high. We also mitigated significant interest rate headwinds with balance sheet growth and proactive hedging. Meanwhile, markets trading income strengthened as we benefited from lower funding costs and capitalized on volatile markets. Lower funding costs and capitalize on volatile markets. For the first half, net profit rose 5% to a record $6.01 billion. Total income increased 3% to a new high as record fee income and treasury customer sales more than offset lower net interest income. Asset