OCBC Q4 profit falls 14% to S$973m; pays S$0.28 in dividends
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OCBC's O39 fourth quarter profit came in at S$973 million, down 14 per cent from S$1.13 billion a year ago, but its top executives reiterated during an earnings call on Wednesday (Feb 23) that the banking group's profitability is back to pre-pandemic levels.
Annualised earnings per share stood at S$0.85 for the quarter ended Dec 31, 2021, down from S$0.99 a year ago.
The bank's earnings missed the S$1.18 billion average estimate based on 4 analysts polled by Refinitiv.
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