📊Q1 recap: All 3 beat consens

📊Q1 recap: All 3 beat consensus but NII fell as SORA averaged just 1.07%. The real divide was wealth execution.🏦DBS: Deposit surge + record wealth fees (S$907M), guidance upgraded — cleanest beat.🏦UOB: Profit decline, non‑interest drag, NPL 1.5%—execution lags.🏦OCBC: Record non‑interest income + Indonesia M&A — new CEO strategy emerging.✨My view: DBS remains the standout. No brainer, I hold DBS into year‑end.@JC888 @Barcode @koolgal @Shyon @Aqa @DiAngel @Shernice軒嬣 2000

@Tiger_SG：SG Big 3 Banks Earnings Recap: NII Falls, Who's Winning in Q1?

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The real divide was wealth execution.🏦DBS: Deposit surge + record wealth fees (S$907M), guidance upgraded — cleanest beat.🏦UOB: Profit decline, non‑interest drag, NPL 1.5%—execution lags.🏦OCBC: Record non‑interest income + Indonesia M&amp;A — new CEO strategy emerging.✨My view: DBS remains the standout. No brainer, I hold DBS into year‑end.<a target=\"_blank\" href=\"https://ttm.financial/personal/3570103090255456\">@JC888 </a><a target=\"_blank\" href=\"https://ttm.financial/personal/4171900329979952\">@Barcode </a><a target=\"_blank\" href=\"https://ttm.financial/personal/3559581955535845\">@koolgal </a><a target=\"_blank\" href=\"https://ttm.financial/personal/3581734406950755\">@Shyon </a><a target=\"_blank\" href=\"https://ttm.financial/personal/4091884160412060\">@Aqa </a><a target=\"_blank\" href=\"https://ttm.financial/personal/4100833454173050\">@DiAngel </a><a target=\"_blank\" href=\"https://ttm.financial/personal/3560184106659134\">@Shernice軒嬣 2000 </a>\n<br></body></html>","htmlText":"<html><head></head><body>📊Q1 recap: All 3 beat consensus but NII fell as SORA averaged just 1.07%. The real divide was wealth execution.🏦DBS: Deposit surge + record wealth fees (S$907M), guidance upgraded — cleanest beat.🏦UOB: Profit decline, non‑interest drag, NPL 1.5%—execution lags.🏦OCBC: Record non‑interest income + Indonesia M&amp;A — new CEO strategy emerging.✨My view: DBS remains the standout. No brainer, I hold DBS into year‑end.<a target=\"_blank\" href=\"https://ttm.financial/personal/3570103090255456\">@JC888 </a><a target=\"_blank\" href=\"https://ttm.financial/personal/4171900329979952\">@Barcode </a><a target=\"_blank\" href=\"https://ttm.financial/personal/3559581955535845\">@koolgal </a><a target=\"_blank\" href=\"https://ttm.financial/personal/3581734406950755\">@Shyon </a><a target=\"_blank\" href=\"https://ttm.financial/personal/4091884160412060\">@Aqa </a><a target=\"_blank\" href=\"https://ttm.financial/personal/4100833454173050\">@DiAngel </a><a target=\"_blank\" href=\"https://ttm.financial/personal/3560184106659134\">@Shernice軒嬣 2000 </a>\n<br></body></html>","text":"📊Q1 recap: All 3 beat consensus but NII fell as SORA averaged just 1.07%. The real divide was wealth execution.🏦DBS: Deposit surge + record wealth fees (S$907M), guidance upgraded — cleanest beat.🏦UOB: Profit decline, non‑interest drag, NPL 1.5%—execution lags.🏦OCBC: Record non‑interest income + Indonesia M&A — new CEO strategy emerging.✨My view: DBS remains the standout. No brainer, I hold DBS into year‑end.@JC888 @Barcode @koolgal @Shyon @Aqa @DiAngel @Shernice軒嬣 2000","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/563115812123016","repostId":561953343414736,"repostType":1,"repost":{"magic":2,"id":561953343414736,"tweetId":"561953343414736","gmtCreate":1778228437115,"gmtModify":1778236800147,"author":{"id":4106547232749330,"idStr":"4106547232749330","authorId":4106547232749330,"authorIdStr":"4106547232749330","name":"Tiger_SG","avatar":"https://community-static.tradeup.com/news/9eb57a835b72d997d1941fb6605d80a4","vip":4,"userType":4,"introduction":"[Tiger Broker Singapore Official] ","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":6310,"starInvestorFlag":false},"themes":[{"themeId":"578f5b29dba5411b9fbd556a5fff8e75","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"SG Banks Q1: NII Under Pressure, Who Held Up on Wealth Management?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":578f5b29dba5411b9fbd556a5fff8e75}&rnconfig={\"headerBarHidden\": true}","description":"All three beat Bloomberg consensus, but for different reasons: DBS and OCBC outperformed on wealth management, while UOB defended earnings through lower credit provisions. With SORA averaging 1.07% in Q1 versus 2.54% a year earlier, NII compression across the board is a foregone conclusion. The real question is which bank's wealth management narrative can sustain momentum in the second half — after these three reports, which do you favor?","image":"https://community-static.tradeup.com/news/19f0ec82c5735e7e7940bee488a73a13"}],"images":[{"img":"https://community-static.tradeup.com/news/35216ac44a41e50b5e70ad427069c5ff","width":"1536","height":"1024"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/35216ac44a41e50b5e70ad427069c5ff"}],"title":"SG Big 3 Banks Earnings Recap: NII Falls, Who's Winning in Q1?","html":"<html><head></head><body><p>All three beat Bloomberg consensus but also posted NII declines as SORA averaged just 1.07% in Q1 (vs 2.54% a year ago). The dividing line wasn't credit quality or margins — it was wealth management execution. And on that measure, the gap between the three is wider than the headlines suggest.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/35216ac44a41e50b5e70ad427069c5ff\" tg-width=\"1536\" tg-height=\"1024\"></p>\n<h2 id=\"id_2483306149\">📊 Q1 2026 Scorecard for <a data-mention-id=\"D05.SI\" class=\"teditor-mention\" data-mention-name=\"DBS\" href=\"https://ttm.financial/S/D05.SI\">$DBS(D05.SI)$</a>, <a data-mention-id=\"U11.SI\" class=\"teditor-mention\" data-mention-name=\"UOB\" href=\"https://ttm.financial/S/U11.SI\">$UOB(U11.SI)$</a> and. <a data-mention-id=\"O39.SI\" class=\"teditor-mention\" data-mention-name=\"OCBC Bank\" href=\"https://ttm.financial/S/O39.SI\">$OCBC Bank(O39.SI)$</a></h2>\n<h3 id=\"id_1419215443\">DBS — Deposit surge + wealth machine, guidance upgraded.</h3>\n<p>Deposits +9% YoY to S$629.9B (two-thirds CASA), wealth fees at a record S$907M, AUM reaching S$492B. FY2026 profit guidance upgraded from \"below 2025\" to \"good shot at 2025 levels.\" The cleanest beat of the three.</p>\n<h3 id=\"id_3065785029\">UOB — The outlier: only bank to post profit decline.</h3>\n<p>Non-interest income was the drag: fee income -8%, trading and investment income -17%. Profit was supported entirely by a 30% drop in credit allowances. CEO Wee Ee Cheong set a 2030 target to double wealth income to S$2.5B — the right direction, but current execution lags DBS and OCBC visibly. NPL at 1.5% remains the highest of the three.</p>\n<h3 id=\"id_100743353\">OCBC — Record non-interest income + Indonesia M&amp;A: two-pronged growth play.</h3>\n<p>Non-interest income +23% to a record S$1.61B, wealth fees +34%. Days before the print, OCBC announced its Indonesia subsidiary would acquire HSBC's retail and wealth operations in Indonesia — the region's largest population market. New CEO Tan Teck Long's strategy is taking shape: wealth expansion plus acquisitive growth.</p>\n<p>Does Middle East tension sustain Singapore's wealth inflow advantage?</p>\n<p>Can UOB close the gap with DBS and OCBC on non-interest income, or is the 2030 target just signalling?</p>\n<p>If OCBC's Indonesia integration runs smoothly, does the wealth franchise re-rate by 2027?</p>\n<h2 id=\"id_538979658\">🗳️ Community Poll — Which Bank Do You Hold Into Year-End?</h2>\n<p>I'd hold: DBS / UOB / OCBC (pick one)</p>\n<p>Which bank is most likely to upgrade its FY2026 guidance in Q2?</p>\n<p>Leave your comments to win tiger coins~</p>\n<h3 id=\"id_3117907371\" style=\"text-align: start;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.</span></h3>\n<p style=\"text-align: start;\"><a href=\"https://ttm.financial/post/507537437684112\" title=\"🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now\" class=\"\">🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now</a></p>\n<ul style=\"\">\n <li>\n  <p>Find out more here.</p></li>\n</ul>\n<blockquote>\n <ul style=\"\">\n  <li>\n   <p>Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.</p></li>\n </ul>\n</blockquote></body></html>","htmlText":"<html><head></head><body><p>All three beat Bloomberg consensus but also posted NII declines as SORA averaged just 1.07% in Q1 (vs 2.54% a year ago). The dividing line wasn't credit quality or margins — it was wealth management execution. And on that measure, the gap between the three is wider than the headlines suggest.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/35216ac44a41e50b5e70ad427069c5ff\" tg-width=\"1536\" tg-height=\"1024\"></p>\n<h2 id=\"id_2483306149\">📊 Q1 2026 Scorecard for <a data-mention-id=\"D05.SI\" class=\"teditor-mention\" data-mention-name=\"DBS\" href=\"https://ttm.financial/S/D05.SI\">$DBS(D05.SI)$</a>, <a data-mention-id=\"U11.SI\" class=\"teditor-mention\" data-mention-name=\"UOB\" href=\"https://ttm.financial/S/U11.SI\">$UOB(U11.SI)$</a> and. <a data-mention-id=\"O39.SI\" class=\"teditor-mention\" data-mention-name=\"OCBC Bank\" href=\"https://ttm.financial/S/O39.SI\">$OCBC Bank(O39.SI)$</a></h2>\n<h3 id=\"id_1419215443\">DBS — Deposit surge + wealth machine, guidance upgraded.</h3>\n<p>Deposits +9% YoY to S$629.9B (two-thirds CASA), wealth fees at a record S$907M, AUM reaching S$492B. FY2026 profit guidance upgraded from \"below 2025\" to \"good shot at 2025 levels.\" The cleanest beat of the three.</p>\n<h3 id=\"id_3065785029\">UOB — The outlier: only bank to post profit decline.</h3>\n<p>Non-interest income was the drag: fee income -8%, trading and investment income -17%. Profit was supported entirely by a 30% drop in credit allowances. CEO Wee Ee Cheong set a 2030 target to double wealth income to S$2.5B — the right direction, but current execution lags DBS and OCBC visibly. NPL at 1.5% remains the highest of the three.</p>\n<h3 id=\"id_100743353\">OCBC — Record non-interest income + Indonesia M&amp;A: two-pronged growth play.</h3>\n<p>Non-interest income +23% to a record S$1.61B, wealth fees +34%. Days before the print, OCBC announced its Indonesia subsidiary would acquire HSBC's retail and wealth operations in Indonesia — the region's largest population market. New CEO Tan Teck Long's strategy is taking shape: wealth expansion plus acquisitive growth.</p>\n<p>Does Middle East tension sustain Singapore's wealth inflow advantage?</p>\n<p>Can UOB close the gap with DBS and OCBC on non-interest income, or is the 2030 target just signalling?</p>\n<p>If OCBC's Indonesia integration runs smoothly, does the wealth franchise re-rate by 2027?</p>\n<h2 id=\"id_538979658\">🗳️ Community Poll — Which Bank Do You Hold Into Year-End?</h2>\n<p>I'd hold: DBS / UOB / OCBC (pick one)</p>\n<p>Which bank is most likely to upgrade its FY2026 guidance in Q2?</p>\n<p>Leave your comments to win tiger coins~</p>\n<h3 id=\"id_3117907371\" style=\"text-align: start;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.</span></h3>\n<p style=\"text-align: start;\"><a href=\"https://ttm.financial/post/507537437684112\" title=\"🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now\" class=\"\">🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now</a></p>\n<ul style=\"\">\n <li>\n  <p>Find out more here.</p></li>\n</ul>\n<blockquote>\n <ul style=\"\">\n  <li>\n   <p>Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.</p></li>\n </ul>\n</blockquote></body></html>","text":"All three beat Bloomberg consensus but also posted NII declines as SORA averaged just 1.07% in Q1 (vs 2.54% a year ago). The dividing line wasn't credit quality or margins — it was wealth management execution. And on that measure, the gap between the three is wider than the headlines suggest. 📊 Q1 2026 Scorecard for $DBS(D05.SI)$, $UOB(U11.SI)$ and. $OCBC Bank(O39.SI)$ DBS — Deposit surge + wealth machine, guidance upgraded. Deposits +9% YoY to S$629.9B (two-thirds CASA), wealth fees at a record S$907M, AUM reaching S$492B. FY2026 profit guidance upgraded from \"below 2025\" to \"good shot at 2025 levels.\" The cleanest beat of the three. UOB — The outlier: only bank to post profit decline. Non-interest income was the drag: fee income -8%, trading and investment income -17%. Profit was supported entirely by a 30% drop in credit allowances. CEO Wee Ee Cheong set a 2030 target to double wealth income to S$2.5B — the right direction, but current execution lags DBS and OCBC visibly. NPL at 1.5% remains the highest of the three. OCBC — Record non-interest income + Indonesia M&A: two-pronged growth play. Non-interest income +23% to a record S$1.61B, wealth fees +34%. Days before the print, OCBC announced its Indonesia subsidiary would acquire HSBC's retail and wealth operations in Indonesia — the region's largest population market. New CEO Tan Teck Long's strategy is taking shape: wealth expansion plus acquisitive growth. Does Middle East tension sustain Singapore's wealth inflow advantage? Can UOB close the gap with DBS and OCBC on non-interest income, or is the 2030 target just signalling? If OCBC's Indonesia integration runs smoothly, does the wealth franchise re-rate by 2027? 🗳️ Community Poll — Which Bank Do You Hold Into Year-End? I'd hold: DBS / UOB / OCBC (pick one) Which bank is most likely to upgrade its FY2026 guidance in Q2? Leave your comments to win tiger coins~ For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.","highlighted":2,"essential":2,"paper":2,"link":"https://ttm.financial/post/561953343414736","repostId":0,"isVote":1,"tweetType":1,"commentLimit":10,"symbols":["D05.SI","O39.SI","U11.SI"],"verified":2,"subType":2,"readableState":1,"subTypeObject":{"tweetId":561953343414736,"totalAmount":500,"balance":500,"end":false,"deadline":1779308437115,"remainingNumber":100},"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":true,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1991,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"isVote":1,"tweetType":1,"viewCount":1403,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["RJAW.SI","D05.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":412,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/563115812123016"}