OCBC Q4 profit falls 14% to S$973m; pays S$0.28 in dividends

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.