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Financial Highlights

Financial Highlights

Five-Quarter Financial Highlights (Unaudited)

Selected Income Statement Items (S$ million) 4Q24 3Q24 2Q24 1Q24 4Q23
Operating profit 1,882 2,208 1,941 1,952 1,813
Net profit after tax1 1,523 1,610 1,425 1,487 1,403
Selected Balance Sheet Items (S$ billion) 4Q24 3Q24 2Q24 1Q24 4Q23
Gross customer loans 338 334 328 323 321
Customer deposits 404 401 389 388 385
Total assets 538 542 517 515 524
Shareholders' equity1 50 49 47 47 46
Financial Indicators (%) 4Q24 3Q24 2Q24 1Q24 4Q23
Cost/Income ratio2 45.0 41.5 41.8 41.9 43.2
Non-performing loan ratio 1.5 1.5 1.5 1.5 1.5
Return on average ordinary shareholders' equity3, 4 13.0 14.0 12.7 13.3 13.0
Return on average total assets3 1.14 1.23 1.11 1.16 1.08
Return on average risk-weighted assets3 2.39 2.53 2.04 2.16 2.04
Capital adequacy ratios
Common Equity Tier 1 15.5 15.5 13.4 13.9 13.4
Tier 1 16.6 16.6 14.4 14.9 14.4
Total 18.2 18.4 15.9 16.7 16.6
Per ordinary share
Basic earnings (S$)3, 4 3.59 3.79 3.35 3.50 3.30
Net asset value (S$) 28.11 27.42 26.64 26.71 26.00
Net dividend (cents) 92 – 88 – 85

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Excluding one-off expenses.
  3. Computed on an annualised basis.
  4. Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.

Five-Year Financial Highlights

Selected Income Statement Items
(S$ million)		 2024 2023 2022 2021 2020
Operating profit 7,984 7,715 6,294 5,476 4,992
Net profit after tax1 6,045 5,711 4,573 4,075 2,915
Selected Balance Sheet Items
(S$ billion)		 2024 2023 2022 2021 2020
Gross customer loans 338 321 320 311 281
Customer deposits 404 385 369 353 325
Total assets 538 524 504 459 432
Shareholders' equity1 50 46 43 43 41
Financial Indicators (%) 2024 2023 2022 2021 2020
Cost/Income ratio2 42.5 41.5 43.3 44.1 45.6
Non-performing loan ratio 1.5 1.5 1.6 1.6 1.6
Return on average ordinary shareholders' equity3 13.3 13.4 11.2 10.2 7.4
Return on average total assets 1.16 1.12 0.94 0.92 0.69
Return on average risk-weighted assets 2.27 2.16 1.74 1.68 1.27
Capital adequacy ratios
Common Equity Tier 1 15.5 13.4 13.3 13.5 14.7
Tier 1 16.6 14.4 14.4 14.4 15.8
Total 18.2 16.6 16.7 16.6 18.4
Per ordinary share
Basic earnings (S$)3 3.56 3.34 2.69 2.39 1.69
Net asset value (S$) 28.11 26.00 24.24 24.08 23.03
Net dividend (cents) 180 170 135 120 78

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Excluding one-off expenses.
  3. Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.