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Financial Highlights

Financial Highlights

Five-Quarter Financial Highlights (Unaudited)

Selected Income Statement Items (S$ million) 4Q25 3Q25 2Q25 1Q25 4Q24
Operating profit 1,761 1,863 1,929 2,097 1,882
Net profit after tax1 1,410 443 1,338 1,490 1,523
Selected Balance Sheet Items (S$ billion) 4Q25 3Q25 2Q25 1Q25 4Q24
Gross customer loans 352 351 343 341 338
Customer deposits 426 420 405 401 404
Total assets 572 555 538 538 538
Shareholders' equity1 51 50 50 51 50
Financial Indicators (%) 4Q25 3Q25 2Q25 1Q25 4Q24
Cost/Income ratio 46.4 45.2 44.3 42.6 45.6
Non-performing loan ratio 1.5 1.6 1.6 1.6 1.5
Return on average ordinary shareholders' equity2, 3 11.6 3.5 11.0 12.3 13.0
Return on average total assets2 1.01 0.33 0.99 1.11 1.14
Return on average risk-weighted assets2 2.06 0.66 2.01 2.28 2.39
Capital adequacy ratios
Common Equity Tier 1 15.1 14.6 15.3 15.5 15.5
Tier 1 16.1 15.6 16.3 16.6 16.6
Total 17.7 17.3 17.9 18.2 18.2
Per ordinary share
Basic earnings (S$)2, 3 3.36 1.01 3.15 3.51 3.59
Net asset value (S$)4 29.36 28.34 28.62 29.07 28.11
Net dividend (cents)5 71 – 85 – 92

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Computed on an annualised basis.
  3. Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.
  4. Perpetual capital securities are excluded from the computation.
  5. Excluding special dividends.

Five-Year Financial Highlights

Selected Income Statement Items
(S$ million)		 2025 2024 2023 2022 2021
Operating profit 7,651 7,984 7,715 6,294 5,476
Net profit after tax1 4,682 6,045 5,711 4,573 4,075
Selected Balance Sheet Items
(S$ billion)		 2025 2024 2023 2022 2021
Gross customer loans 352 338 321 320 311
Customer deposits 426 404 385 369 353
Total assets 572 538 524 504 459
Shareholders' equity1 51 50 46 43 43
Financial Indicators (%) 2025 2024 2023 2022 2021
Cost/Income ratio 44.6 44.1 44.6 45.6 44.1
Non-performing loan ratio 1.5 1.5 1.5 1.6 1.6
Return on average ordinary shareholders' equity2 9.6 13.3 13.4 11.2 10.2
Return on average total assets 0.86 1.16 1.12 0.94 0.92
Return on average risk-weighted assets 1.75 2.27 2.16 1.74 1.68
Capital adequacy ratios
Common Equity Tier 1 15.1 15.5 13.4 13.3 13.5
Tier 1 16.1 16.6 14.4 14.4 14.4
Total 17.7 18.2 16.6 16.7 16.6
Per ordinary share
Basic earnings (S$)2 2.76 3.56 3.34 2.69 2.39
Net asset value (S$)3 29.36 28.11 26.00 24.24 24.08
Net dividend (cents)4 156 180 170 135 120

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.
  3. Perpetual capital securities are excluded from the computation.
  4. Excluding special dividends.