OCBC revenue rises by 4% and broadcasts particular dividend: Our Fast Take

OCBC 4Q24 earnings highlights

OCBC introduced its earnings for the fourth quarter of 2024 (4Q24). Key highlights embrace: 

• Web revenue of S$1.69 billion in 4Q24, 4% increased in comparison with the earlier 12 months, however beneath consensus forecasts of S$1.78 billion. Web revenue reached file S$6.0 billion in FY24, up 6% year-on-year

• Ultimate dividend of S$0.41 per share, barely decrease in comparison with the earlier 12 months. Particular dividend of S$0.16 per share.

• Introduced plans to return S$2.5 billion of capital to shareholders over two years through particular dividends and share buybacks.

Supply: OCBC OCBC’s complete earnings for the fourth quarter of 2024 rose to S$3.42 billion, marking a 4% enhance from the identical interval final 12 months. 

Web Curiosity Earnings barely decreased by 1% year-over-year to S$2.46 billion. The decline is attributed to elevated funding prices, which offset the advantages from increased mortgage quantities.  OCBC’s internet curiosity margin fell to 2.15%…