Oversea-Chinese Banking's (SGX:O39) attributable profit to equity holders rose to SG$3.66 billion during the second half of 2024 from SG$3.43 billion a year earlier, according to a filing with the Singapore Exchange on Wednesday.
Earnings per share grew to SG$0.80 compared with SG$0.76 in the comparable period. Analysts polled by Visible Alpha had projected EPS of SG$0.81 for the period.
Net interest income, however, declined to SG$4.89 billion from SG$4.92 billion a year earlier, mainly due to the tightening of loan yields. Analysts polled by Visible Alpha estimated net interest income of SG$4.83 billion for the period.
For the year ended Dec. 31, 2024, the bank recommended a final dividend of SG$0.41 per share, and a special dividend of SG$0.16 per share.
Shares of the lender were down over 1% in recent trading.
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