- OCBC (SGX:O39) reported 3Q25 revenue of S$3,796mil (flat y-o-y, +7% q-o-q), while net profit came in at S$1,978mil (flat y-o-y, +9% q-o-q), marking its highest quarterly earnings over last five quarters.
3Q25 revenue and net profit beat.
- - Read this at SGinvestors.io -
- Capital ratios remained robust, with CET1 at 16.9% (2Q25: 17.0%) and total capital adequacy ratio at 19.4% (2Q25: 19.6%).
Net interest income declined due to compressed NIM
- Net interest income declined to S$2,226mil (-9% y-o-y, -2% q-o-q) as net interest margin (NIM) compressed 8bps q-o-q to 1.84% driven by a downward repricing of loans from the decline of benchmark rates in S$ and other currencies, where the moderation in loan yields outpaced the reduction in deposit costs, offsetting average asset growth.
Non-interest income record quarterly high, improved on all fronts.
- - Read this at SGinvestors.io -
3Q25 saw higher credit costs of 16bps (2Q25: 12bps) driven by allowances for impaired assets.
- Read more at SGinvestors.io.
