Singapore's OCBC Q3 net interest income rises on loan growth

Oversea-Chinese Banking

05/11/2026 23:12

Overview
Singapore bank's Q3 net profit rose 3% yr/yr to S$2.04 bln
Net interest income for Q3 grew 4% yr/yr to S$2.31 bln
Company reported strong asset quality and lower allowances for impaired assets

Outlook
Company did not provide specific financial guidance for upcoming quarters or full year in its press release

Result Drivers
LOAN GROWTH AND YIELDS - Co said higher net interest income was driven by loan growth and improved yields, partly offset by higher funding costs
LOWER ALLOWANCES - Lower allowances for impaired assets contributed to results, reflecting strong asset quality
STRONG CUSTOMER FEES - Customer-driven fees and trading income remained resilient despite weaker insurance investment performance

Company press release: ID:nSN3KFTTV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
S$2.04 bln
 
Q3 Net Interest Income
 
S$2.31 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Oversea-Chinese Banking Corporation Limited is S$32.75, about 17.3% above its November 5 closing price of S$27.93
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Nov 4 - Singapore's DBS Q3 net profit rises as wealth-management fees boost results
Nov 3 - Singapore's United Overseas Bank Q3 profit falls from previous quarter
Nov 4 - Singapore's DBS names insider Anthony Lim as chairman

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)