UOB - OCBC Group Research 2026-02-24: Adopt A Long-term Investment Stance

• UOB (SGX:U11) posted FY25 net profit of S$4,682m, slightly better than our estimates of S$4,642m, but down 22.5% y-o-y.
• 4Q25 net profit came in at S$1,410m, an improvement from S$443m in 3Q25 when it took higher provisions for its commercial real estate portfolio in the quarter. 4Q25 net interest margin (NIM) stood at 1.96%, down from 2.02% in 4Q24 but up from 1.82% in 3Q25.
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• See UOB's dividends – a final dividend of S$0.71 was proposed and together with the interim dividend of S$0.85, this brought total ordinary dividend to S$1.56 per share (versus S$1.80 in FY24). Payout ratio was 50%. The final dividend will be paid on 8 May 2026.
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Assets under management (AUM) grew 6% y-o-y to S$201b.

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Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2025-11-06 United Overseas Bank - Price Correction Offers Opportunity To Accumulate.

Price targets by 4 other brokers at UOB Target Prices.

Listing of research reports at UOB Analyst Reports.

Relevant links:
UOB Share Price History,
UOB Announcements,
UOB Dividend Payout Dates & Corporate Actions,
UOB News