OCBC's Fourth-Quarter Net Profit Rose on Higher Non-Interest Income
By Megan Cheah and Amanda Lee
Oversea-Chinese Banking Corp.'s net profit rose in the fourth quarter, driven by non-interest income.
Net profit for the three months ended December climbed 3.0% from the same period a year earlier to 1.745 billion Singapore dollars, equivalent to US$1.38 billion, the Singapore lender said Wednesday.
During the quarter, total income rose 6.0% to S$3.62 billion.
Net interest income--the difference between what banks earn on loans and pay on deposits--fell 6.0% to S$2.30 billion for the quarter. This was attributed to asset yields compressing at a faster pace than deposit costs in a declining interest-rate environment.
Quarterly non-interest income grew 37% to S$1.32 billion on broad-based growth across fee, trading and insurance income, said OCBC, Singapore's second-largest lender by assets.
For 2025, net profit dropped 2.0% to S$7.42 billion due to lower net interest income.
The lender proposed an ordinary dividend of S$0.42 a share and a special dividend of S$0.16 a share, bringing its total for 2025 to S$0.99 a share.
"Global conditions are likely to remain uncertain, shaped by geopolitical tensions, evolving trade dynamics and interest rate uncertainty," said OCBC Group Chief Executive Tan Teck Long.
He expects the lender's strong balance sheet and risk management to help it navigate the challenging environment.
OCBC shares closed 1.2% lower at S$21.43 on Tuesday.
Write to Megan Cheah at megan.cheah@wsj.com and Amanda Lee at amanda.lee@wsj.com
(END) Dow Jones Newswires
February 24, 2026 19:03 ET (00:03 GMT)
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