On 7th August 2025, DBS announced their 2Q2025 financial results. DBS’s profit before tax increased 5% to S$3.39 billion and net profit was up by 1% to S$2.82 billion as compared to a year ago. DBS Group had delivered a strong set of results in 2Q2025 despite a challenging environment such as heightened macroeconomic uncertainty, sharp declines in Sora and Hibor, significant currency fluctuations, and global minimum tax. A total dividend of 75 cents per share which comprised of 60 cents ordinary dividend and 15 cents capital return dividend was declared.
I believe there are many questions on your mind. What is DBS share price? What is DBS dividend yield? What is DBS dividend payout date? What DBS share price can I buy? What is the outlook for DBS? As I go through the breakdown of DBS latest financial results, you can find your answers below.
In 2Q2025, DBS total income rose 5% to S$5.73 billion year-on-year. The growth in total income was broad-based. Let us take a look at DBS financial performance breakdown year-on-year and quarter-on-quarter.
DBS Financial Performance Year-on-Year
As you can see from the above breakdown, DBS commercial book net interest income falls 4% year-on-year. The impact of lower rates were mitigated by hedging and deposit growth. Fee income rose by 11% led by wealth management. Treasury customer sales also higher. Markets trading income rose more than doubles at +124%.
DBS Financial Performance Quarter-on-Quarter
If we were to look at DBS 2Q2025 on a quarter-on-quarter basis, DBS profit before tax and net profit were 1% and 3% lower respectively. As you can see from the above, DBS total income declined by 3% as compared to the last quarter.
As you can see from the breakdown, DBS commercial book net interest income declined by 3%. The impact was partially offset by stronger markets trading income. Fee income declined 8% or $108 million, largely due to lower wealth management and loan-related fees compared to record first-quarter performances. Treasury customer sales and other income declined 5% or $26 million as compared to the last quarter.
DBS Share Price
What is DBS bank share price? As you can see from the above 6-month price chart, DBS share price hit all time high of S$51.45 before settling down slightly at S$50.32. DBS bank share price is on an uptrend which indicates investors are very bullish on DBS.
DBS Dividend Yield
As highlighted earlier in this post, DBS had declared a total dividend of 75 cents per share which comprised of 60 cents ordinary dividend and 15 cents capital return dividend. DBS dividend payout date will be on 25th August 2025.
A capital return dividend, also known as a return of capital (ROC), is a payment made by a company to its shareholders that comes from the DBS capital base which is not from its earnings or profits.
Below are DBS historical dividend payouts over the last 5 years.
Financial Year: 2024
Dividend Payout: 2.22 SGD per share (Interim: 162 cents, Final: 60 cents)
Financial Year: 2023
Dividend Payout: 1.75 SGD per share (Interim: 126 cents, Final: 49 cents)
Financial Year: 2022
Dividend Payout: 1.82 SGD per share (Interim: 99 cents, Final: 38 cents, Special: 45 cents)
Financial Year: 2021
Dividend Payout: 1.09 SGD per share (Interim: 76 cents, Final: 33 cents)
Financial Year: 2020
Dividend Payout: 0.78 SGD per share (Interim: 62 cents, Final: 16 cents)
Based on DBS FY24 full year distribution of S$2.22 per share and current DBS share price of S$50.32, DBS dividend yield is 4.41%.
What price can I buy DBS? To get a 6% dividend yield, you need to wait for DBS bank share price to drop to S$37. If you are satisfied with a 5% yield, then DBS share price of S$44 is a good entry point.
Summary of DBS 2Q2025 Financial Results
Unlike REITs, it is hard to analyse a bank’s business and financial results. Nevertheless, let me summarize the pros and cons I captured based on DBS financial results.
The pros are:
- Net profit was up by 1% to S$2.82 billion as compared to a year ago.
- Fee income, Treasury customer sales and market trading income were higher year-on-year.
- DBS declared a total dividend of 75 cents per share which comprised of 60 cents ordinary dividend and 15 cents capital return dividend.
- DBS had bought back about $370 million worth of shares under the $3 billion share buyback programme, representing around 12% of the programme. Thus, there is support for DBS share price.
The cons are:
- Despite Net profit increased 1% year-on-year, Net profit was down 3% quarter-on-quarter. This signals a softening environment. Commercial book net interest income fell 3% or $94 million as the impact of sharply lower interest rates.
- With the exception of market trading income, fee income, Treasury customer sales and other income declined quarter-on-quarter.
- DBS current dividend yield is low 4.41% at S$50.32 per share.
At this point of writing, DBS makes up only 1.24% of my stock portfolio. DBS dividend payout date will be on 25th August 2025 and I am looking towards receiving this passive income. In the short term, I doubt I will be adding more of DBS shares into my portfolio unless DBS share price crash. This is because of falling interest rates which impact bank’s interest income and potentially banks may slash their future dividends payout.