DBS Group Holdings Full Year 2024 Earnings: In Line With Expectations

Simply Wall St

March 09, 2025

DBS Group Holdings (SGX:D05) Full Year 2024 Results

Key Financial Results

Revenue: S$21.7b (up 11% from FY 2023).
Net income: S$11.2b (up 12% from FY 2023).
Profit margin: 52% (in line with FY 2023).
EPS: S$3.94 (up from S$3.52 in FY 2023).

D05 Banking Performance Indicators

Net interest margin (NIM): 2.13% (down from 2.15% in FY 2023).
Cost-to-income ratio: 39.9% (no change from 39.9% in FY 2023).
Non-performing loans: 1.09% (down from 1.11% in FY 2023).

revenue-and-expenses-breakdown — SGX:D05 Revenue and Expenses Breakdown March 9th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

DBS Group Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Consumer Banking/Wealth Management segment contributing a total revenue of S$9.71b (45% of total revenue). The largest operating expense was General & Administrative costs, amounting to S$6.05b (58% of total expenses). Explore how D05's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in Asia.

Performance of the market in Singapore.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for DBS Group Holdings you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.