$DBS(D05.SI)$ reports Q1 2026 results this Thursday, April 30. The stock has pulled back from its record highs since the FY2025 earnings miss in February — when DBS posted net profit of S$11.033B, falling short of the Bloomberg consensus of S$11.375B and down 3% YoY. 4Q FY2025 net profit of S$2.358B also came in 10% below the prior year.Now heading into Q1, the bar has been set lower. But can DBS clear it?What analysts expect for Q1 FY2026Net profit consensus: S$2.78B (−4.0% YoY) — Visible Alpha pollTotal income: S$5.85B (−1.0% YoY)Three things to watchNIM compression continues.CGS International forecasts a −3 bps sequential NIM decline, driven by falling SORA and HIBOR. 3-month SORA dropped sharply since the start of the year. DBS had already g
DBS Earnings: Will Safe Haven Demand Support NII?
DBS will fire the first shot on April 30, followed by $UOB(U11.SI)$ (May 7) and $OCBC Bank(O39.SI)$ (May 8). Singapore’s three local lenders – DBS, OCBC and UOB – could see first-quarter net interest income supported by safe-haven deposit inflows linked to the ongoing Middle East war, analysts said. How do you expect DBS earnings? Can DBS sprint to 60 this time?
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