OCBC’s net profit rose 5% to S$1.88b in Q1 2025

Earnings per share is S$1.68 for the quarter.

Oversea-Chinese Banking Corporation (OCBC) reported a net profit of S$1.88b for Q1 2025, 5% lower than in Q1 2024, its latest performance highlights report showed.

Compared to Q4 2024, the Singapore-headquartered bank’s net profit is higher by 12%.

Banking operations net profit fell 9% to S$1.56b.

Earnings per share (EPS) is S$1.68, which is 5% lower than the EPS in Q1 2024 and unchanged from Q4 2024.

Total income inched up 1% to S$3.66b compared to a year earlier. Non-interest income rose 10% to S$1.31b over the same period, whilst net interest income fell 4% to S$2.35b.

Net interest margin (NIM) fell 23 basis points to 2.04% in Q1.

Operating expenses rose 5% to S$1.42b.

The nonperforming loan (NPL) ratio is 0.9%, which is 0.1 percentage point lower than in Q1 2024.