- UOB (SGX:U11) delivered 1Q26 net profit of S$1,437m, better than Bloomberg consensus estimate of S$1,400m. As anticipated, net interest margin (NIM) came off from 2.00% in 1Q25 and 1.84% in 4Q25 to 1.82% in 1Q26. This led to a slight moderation in its net interest income, down 4% y-o-y and 1% q-o-q.
- - Read this at SGinvestors.io -
Allowances have stabilised.
- UOB took a S$1,361m allowance charge in 3Q25, which then impacted its FY25 performance as well as its share price. Since then, allowances have eased back to more normalised levels.
- - Read this at SGinvestors.io -
- Management also shared that UOB has limited exposure to the Middle East.
NIM guidance of 1.75% to 1.80%.
- Read more at SGinvestors.io.
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/.
Carmen Lee OCBC Group Research | https://www.iocbc.com/ 2026-05-07
Previous report by OCBC:
2026-02-24 UOB - Adopt A Long-term Investment Stance.
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
