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OCBC First Half 2026 Results Presentation Goh Chin Yee Group Chief Financial Officer 7 August 2026 OCBC Financial Results
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Agenda 01 Financial Highlights 02 Group Performance Trends Notes: - Certain comparative figures may have been restated to provide meaningful comparisons where necessary; - Amounts less than S$0.5m are shown as “0”; - “nm” denotes not meaningful; - “na” denotes not applicable; - Figures may not sum to stated totals because of rounding.
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▪ Quarterly NPAT crossed S$2b for the first time in 2Q26, underpinned by record total income, up 18% YoY ▪ NII fell 1% YoY; the impact from lower interest rates was largely mitigated by 12% average asset growth ▪ Non-II rose 51% YoY to a new high ➢ Fees up 28%; broad-based growth led by record wealth management ➢ Trading / investment income up 85%; record customer flow income ➢ Insurance income up 68%; robust underlying performance ▪ CIR lower YoY at 37.8% ▪ Continued momentum in loans and deposits ▪ NPL ratio unchanged at 0.9%; credit costs at 14bps ▪ Healthy liquidity, funding and capital positions. Fully phased-in CET1 CAR at 14.0% ▪ Interim dividend of 47 cents declared, up 6 cents or 15% YoY. Dividend payout ratio of 50% Performance highlights 3 2Q26 earnings reached a new high Group Net Profit S$364b unchanged YoY Customer Loans Customer Deposits +13% YoYS$459b NPL Ratio 0.9% +11% YoY (in constant currency terms) ROE (annualised) 14.4% +2.1ppt YoY Dividend 47 cents +15% YoY EPS (annualised) S$1.96 +23% YoY S$2.22b +22% YoY
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Record 2Q26 and 1H26 profit lifted by Non-II growth 4 Performance highlights (S$m) 1H26 YoY 2Q26 YoY QoQ Net Interest Income 4,486 -3% 2,264 -1% +2% Non-Interest Income 3,512 +36% 1,906 +51% +19% Total Income 7,998 +11% 4,170 +18% +9% Operating Expenses 3,080 +10% 1,575 +13% +5% Operating Profit 4,918 +12% 2,595 +20% +12% Allowances 372 +14% 156 +36% -28% Profit before tax 5,174 +13% 2,760 +20% +14% Net Profit 4,195 +13% 2,221 +22% +12% ROE (annualised) 13.7% +1.1ppt 14.4% +2.1ppt +1.4ppt Group Performance
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317 405 1H25 1H26 5 1/ Wealth Management income comprises the consolidated income from private banking, premier private client, premier banking, insurance, asset management and stockbroking. ■ Banking Operations delivered stronger net profit as increased fee and trading / investment income more than compensated for lower NII ■ 1H26 Group WM income up 27%, driven by growth across all segments ■ Strong net new money inflows; Banking WM AUM grew 13% YoY to S$350b ■ Profit contribution from GEH increased 44% YoY , driven by strong underlying insurance and investment performance Diversified franchise delivered strong performance Performance highlights Total Income (S$m)Net Profit (S$m) Customer Loans (S$b) Customer Deposits (S$b) and CASA ratio Banking WM AUM (S$b)Group WM Income (S$m) Profit contribution from GEH (S$m) NBEV (S$m) and Margin 1/ Banking Wealth Management Insurance InsuranceBanking As % of Group income Total Weighted New Sales (S$m) Non-Interest Income Net Interest Income 4,524 4,386 1,857 2,456 6,381 6,842 1H25 1H26 407 444 459 Jun 25 Mar 26 Jun 26 49.8% 50.2% 49.3% 1,772 2,130 820 1,156 2,592 3,286 1H25 1H26 36% 41% 310 342 350 Jun 25 Mar 26 Jun 26 553 794 1H25 1H26 709 813 +13% +2% 325 347 364 Jun 25 Mar 26 Jun 26 (in constant ccy terms) 44.7% 49.8% +7% +8% +11% +13% +3% +44% +15% +28% +27% +5% 3,146 3,401 1H25 1H26
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Broad-based earnings contribution across businesses and markets 6 1/ Operating profit by key businesses excluded associates and the “Others” segment (comprise mainly property holding, investment holding and items not attributable to the key business segments). Operating Profit by Key Businesses 1/ Operating Profit by Geography 53% 14% 6% 20% 7% 51% 15% 5% 21% 8% Singapore Malaysia Indonesia Greater China Others 1H26 1H25 48% 23% 11% 18% 42% 25% 11% 22% Global Wholesale Banking Global Consumer / Private Banking Global Markets Insurance 1H26 1H25 Performance highlights
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Agenda 01 Financial Highlights 02 Group Performance Trends
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8 1Q22 Net interest income Net Interest Income (S$m) Net Interest Margin ■ 2Q26 NII rose 2% QoQ; NIM compression was more than compensated by a 5% increase in average assets, driven by growth in both loans and high-quality assets ■ 2Q26 NIM declined 6bps QoQ, largely due to downward repricing of loans and an increase in wholesale funding costs 2Q26 NII up QoQ despite lower SORA 2Q26 QoQ Analysis 2Q23 QoQ +44% YoY +44% 1.98% 1.73%1.92% 1.84% 1.86% 1.76% 1.70% Interest Earning Assets (S$b) 476 481 490 512 535 472 524 Customer Deposits (S$b) 404 410 418 434 450 398 442 3M SORA (%) 1/ 2.33 1.73 1.29 1.13 1.06 2.57 1.10 SOFR (%) 1/ 4.32 4.33 3.99 3.66 3.62 4.33 3.64 3M HIBOR (%) 1/ 2.65 2.45 3.32 2.66 2.72 3.29 2.69 Average 1/ Source: Bloomberg 1H26 YoY -3% YoY -1% QoQ +2% 2Q26 NII (S$m) NIM Negative on NIM Positive on NIM 1Q26 2Q26 Loan yield Volume / Mix Funding costs Treasury yield Negative on NII Positive on NII Commercial book Non-commercial book 1Q26 2Q26Volume VolumeRate Rate 4,628 4,4862,283 2,226 2,296 2,222 2,264 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26
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35.7% 43.9% 35.6% 41.4% 36.5% 41.9% 45.7% 9 Non-interest income Non-interest Income (S$m) Net fees & commissions Trading / investment income Net gains from sale of investment securities and others 1/ Life & General Insurance % of Group Income 1H26 and 2Q26 non-II rose to a record high 1/ “Others” include disposal of properties, rental and property-related income, and dividends from FVOCI securities. ■ 1H26 non-II up 36% YoY , driven by strong double- digit increases across fee, trading / investment and insurance income ■ Non-II accounted for more than 40% of total income ■ 2Q26 trading / investment income increased, largely due to investment income from GEH 580 683 602 675 739 375 518 395 434 69583 58 97 88 90 226 311 226 409 382 1,264 1,570 1,320 1,606 1,906 1,126 1,414 771 1,129145 178 532 791 2,574 3,512 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 2Q23 QoQ +44% YoY +44%1H26 YoY +36% YoY +51% QoQ +19% 2Q26
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326 431 363 422 470 130 141 144 141 150 48 46 20 47 51 76 65 75 65 68 580 683 602 675 739 641 892 266 291 77 98 142 133 1,126 1,414 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 10 Non-interest income Net Fees & Commissions (S$m) Wealth Management (“WM”) Loan, Trade, Guarantees & Remittances Investment Banking Others 1/ Wealth management comprises mainly income from private banking, sales of unit trusts, bancassurance products, structured deposits and other treasury products to consumer customers, brokerage and fund management. 2/ “Others” includes credit card fees, service charges and other fee and commission income. 1/ 2/ Broad-based fee momentum led by record wealth management ■ 1H26 and 2Q26 fee income expanded YoY , lifted by WM fees, loan & trade-related and investment banking fees ■ 1H26 WM fees up 39% YoY; achieved broad-based growth as customers deployed funds across all wealth product channels 2Q23 QoQ +44% YoY +44%1H26 YoY +26% YoY +28% QoQ +10% 2Q26
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594 873 177 256 771 1,129 288 373 364 412 461 87 145 31 22 234 375 518 395 434 695 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 11 Customer Flow Non-Customer Flow Trading / Investment Income (S$m) Non-interest income 1H26 trading / investment income up 46% YoY ■ 1H26 trading / investment income grew 46% YoY , contributed by record customer flow income ■ 1H26 customer flow income rose 47% YoY , underpinned by both wealth and corporate segments ■ 2Q26 non-customer flow income increased, largely due to investment income from GEH, reflecting the recovery in equity markets post 1Q26 2Q23 QoQ +44% YoY +44%YoY 1Q26 QoQ +22% +10%2Q23 QoQ +44% YoY +44%1H26 YoY +46% YoY +85% QoQ +60% 2Q26
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12 Operating expenses Cost-to-income ratio “CIR” Staff costs Property, plant and equipment Others Operating Expenses (S$m) 1H26 CIR lower at 39% ■ 1H26 expenses up 10%, driven by performance- related remuneration and continued investments to support business growth ■ 2Q26 CIR declined to 37.8% 947 1,007 969 1,050 1,073 279 296 334 298 309163 216 256 157 1931,389 1,519 1,559 1,505 1,575 1,931 2,123 556 607 317 3502,804 3,080 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 38.9% 38.5%39.1% 40.0% 43.1% 39.3% 37.8% 2Q23 QoQ +44% YoY +44%1H26 YoY +10% YoY +13% QoQ +5% 2Q26
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+5% 43% 8% 5% 20% 24% 22% 29% 8% 10% 10% 5% 7% 9% 21% 27% 9% 11% 11% 5% 7% 9% 139 141 149 152 159 27 27 28 29 3018 17 18 18 1870 70 71 68 71 71 72 75 80 86 325 327 341 347 364 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 13 Loans Notes: Loans by geography are based on where the credit risks reside. 1/ Loans booked in Mainland China, where credit risks reside. 2/ Loans booked outside of Mainland China, but with credit risks traced to China. Singapore Malaysia Indonesia Greater China Rest of the world (S$b) ■ Corporate, SME and Consumer/Private Banking accounted for 58%, 7% and 35% of loan book respectively ■ Loans up YoY and QoQ, led by broad-based growth across corporate and consumer loans ■ YoY corporate loan growth was driven by TMT & Digital Infrastructure, Energy, Power & Utilities and Transport sectors ■ Loan book expanded across both core and international markets on a YoY basis Loan growth momentum robust, up 5% QoQ Housing loans Building & construction FIs, investment & holding cos Professionals & individuals General commerce Manufacturing Others Transport, storage & communication % of Group Loans Singapore Greater China Rest of the world Indonesia Malaysia Jun 26 Jun 25 2Q23 QoQ +44% YoY +44% Jun 26 YoY QoQ Loans by Geography Loans by Industry Hong Kong Offshore 2/ Mainland China 1/ Taiwan Macau (S$b) 71 in constant ccy terms +11% in constant ccy terms +12% +5% S$364b Jun 26 +12% +5% 34 20 10 4 3 Jun 26
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14 Asset quality NPL ratio remained at 0.9% 2Q23 QoQ +44% YoY +44% Jun 26 YoY QoQ Non-performing assets (NPAs) 2Q25 1Q26 2Q26 1H25 1H26 (S$m) At start of period 2,916 3,243 3,120 2,869 3,243 Corporate/ Commercial Banking and Others New NPAs 256 123 300 405 423 Net recoveries/ upgrades (158) (205) (163) (231) (368) Write-offs (64) (36) (103) (42) (139) 34 (118) 34 132 (84) Consumer Banking/ Private Banking 148 (2) (16) 131 (18) Foreign currency translation (89) (3) (6) (123) (9) At end of period 3,009 3,120 3,132 3,009 3,132 NPL Ratio (%) 0.9 0.9 0.9 0.9 0.9 ■ Loan portfolio quality remained sound ■ NPL ratio maintained at 0.9% ■ 2Q26 new NPAs mainly from the downgrades of two Greater China corporate real estate accounts under special mention +4% unchanged
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159 147 167 225 326 372 65 140 236 25 122 49 (1) (36) 191 34114 139 200 216 156 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 15 12 16 20 23 14 18 18 7 16 23 4 12 9 8 Allowances for non-impaired assets Allowances for impaired assets Allowances (S$m) Credit costs (bps) 1/ Total Impaired 1/ Credit costs refer to allowances for loans as a percentage of average loans, on annualised basis. Allowances 2Q26 allowances lower QoQ ■ 2Q26 allowances mostly comprised allowances for impaired assets; total credit costs lower QoQ at 14bps ■ 2Q26 allowances for non-impaired assets include management overlays set aside to cater for macroeconomic uncertainties in Indonesia ■ 1H26 total credit costs at 18bps on annualised basis 2Q23 QoQ +44% YoY +44%1H26 YoY +14% YoY +36% QoQ -28% 2Q26
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16 Allowances Regulatory Loss Allowance Reserve (“RLAR”) Allowances for non-impaired assets Allowances for impaired assets Total NPA coverage Cumulative allowances (S$m) ■ NPA coverage ratio remained high at 163% ■ Performing loans coverage ratio lower at 0.8% mainly due to an increase in loan base NPA coverage ratio remained at 163% 2Q23 QoQ +44% YoY +44% Jun 26 YoY QoQ Allowances for non-impaired loans / Performing loans 156% 160% 151% 163% 163% 0.9% 0.9% 0.9% 0.9% 0.8% 1,332 1,409 1,577 1,563 1,547 2,905 2,922 2,890 3,079 3,114 444 445 445 447 4524,681 4,776 4,912 5,089 5,113 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 +9% unchanged
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203 206 217 223 226 164 165 166 169 175 40 40 45 52 58 407 411 428 444 459 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 17 Deposits Customer Deposits (S$b) CASA Fixed Deposits CASA ratio Others Group LDR SGD LDR USD LDR ■ Deposits increased 13% YoY , supported by a 12% increase in CASA deposits and a 7% rise in fixed deposits ■ Diversified deposit base continued to underpin our resilience and flexibility in supporting strong credit growth Deposits grew QoQ and YoY 78.7% 78.6% 78.6% 77.2% 78.4% 49.8% 50.3% 50.7% 50.2% 49.3% 2Q23 QoQ +44% YoY +44% Jun 26 YoY QoQ 79.8% 78.8% 79.1% 78.4% 81.8% 49.3% 47.2% 49.2% 50.7% 51.0% +13% +3%
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18 Balance sheet ■ Strong credit ratings of Aa1 from Moody’s, and AA- from Fitch and S&P respectively ■ Diversified funding base comprising close to 80% customer deposits ■ Liquidity and funding ratios well above regulatory requirements Customer deposits Bank deposits Debts issued Capital and reserves CompositionGroup LDR (%) Liquidity and funding ratios remained strong 78.7 77.2 78.4 Jun 25 Mar 26 Jun 26 NSFR (%)All-ccy LCR (%) Loans-to-Deposits Ratio Funding Liquidity 78%5% 6% 11% S$589b Jun 26 136 138 131 134 135 2Q25 1Q26 2Q26 1H25 1H26 113 113 109 Jun 25 Mar 26 Jun 26
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15.3 15.0 15.1 15.2 14.0 1.7 1.9 1.8 1.8 1.7 17.0 16.9 16.9 17.0 15.7 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 Fully phased-in CET1 CAR 2/ Transitional CET1 CAR 1/ 19 CapitalCapital ■ CET1 CAR was lower QoQ, as profit accretion was offset by FY2025 final and special dividend payment and RWA growth ■ Solid capital levels and profit accretion continued to support growth and provide buffer for uncertainties ■ Target operating range of 14% Group CET1 CAR on fully phased-in basis Healthy capital position 2Q23 QoQ +44% YoY +44% Jun 26 YoY QoQ CET1 Capital (S$b) RWA (S$b) 1/ Computed based on MAS’ final Basel III reform rules with effect from 1 July 2024. 2/ Assumed the position at period end was subject to the full application of final Basel III reforms, which will take effect on 1 January 2029. CET1 CAR (%) 239 240 249 254 270 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 40.7 40.4 41.9 43.3 42.3 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 Fully phased-in -1.3ppt -1.2ppt
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53% 53% 50% 50% 60% 60% 44% 50% 50% 50% 50% 28 40 44 41 47 40 42 41 42 16 16 68 82 101 99 FY22 FY23 FY24 FY25 1H26 20 Dividend 1H26 interim dividend up 6 cents YoY Final dividend Interim dividend DPS (cents) ■ Interim dividend of 47 cents declared, up 6 cents or 15% YoY ■ Remain committed to completing the remaining S$2.5b capital return plan by FY2026 Dividend payout ratio Full Year Interim Full Year (including special) Special dividend
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Thank you Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future business aspirations. This presentation contains “forward-looking statements”, which are based on current expectations and projections about future events, and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “plans”, “could”, “should”, “predicts”, “projects”, “estimates”, “foresees” or similar expressions or the negative thereof, as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of OCBC, and projections and forecasts of the performance of OCBC, which are not guaranteed. Such forward- looking statements, as well as those included in any other material discussed at the presentation, concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or achievements of OCBC to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions and estimates regarding OCBC and its subsidiaries’ present and future business strategies and the environment in which OCBC or the OCBC Group will operate in the future. Forward- looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the Company or any of its directors, agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any such forward-looking statements to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based or whether in the light of new information, future events or otherwise. Given the aforementioned risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. These statements should not be solely relied upon by investors or potential investors when making an investment decision. OCBC accepts no liability whatsoever with respect to the use of this document or its content.
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Thank you Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future business aspirations. This presentation contains “forward-looking statements”, which are based on current expectations and projections about future events, and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “plans”, “could”, “should”, “predicts”, “projects”, “estimates”, “foresees” or similar expressions or the negative thereof, as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of OCBC, and projections and forecasts of the performance of OCBC, which are not guaranteed. Such forward- looking statements, as well as those included in any other material discussed at the presentation, concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or achievements of OCBC to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions and estimates regarding OCBC and its subsidiaries’ present and future business strategies and the environment in which OCBC or the OCBC Group will operate in the future. Forward- looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the Company or any of its directors, agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any such forward-looking statements to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based or whether in the light of new information, future events or otherwise. Given the aforementioned risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. These statements should not be solely relied upon by investors or potential investors when making an investment decision. OCBC accepts no liability whatsoever with respect to the use of this document or its content.