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Deutsche Bank Q2 Earnings Rise Y/Y, Expenses & Provision Fall Y/Y

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Key Takeaways

  • DB reported Q2 earnings against a loss in the prior-year quarter.
  • Higher revenues and a 26% drop in non-interest expenses supported DB's bottom line.
  • Profit before tax rose 34% Y/Y when adjusted for Postbank litigation-related impacts.

Deutsche Bank (DB - Free Report) reported second-quarter 2025 earnings attributable to its shareholders of €1.49 billion ($1.75 billion) against the loss attributable to its shareholders of $143 million in the year-ago period.

This Germany-based lender reported a profit before tax of €2.4 billion ($2.8 billion), up from $411 million in the year-ago quarter. This reported figure included the non-recurrence of the Postbank litigation impacts in the prior-year quarter. Excluding the Postbank litigation provision in the prior-year quarter and the provision release in the second quarter of 2025, profit before tax was up 34% year over year.

Results were aided by increased revenues and lower expenses. Lower provision for credit losses was another positive.

Deutsche Bank’s Revenues & Expenses

The bank generated net revenues of €7.8 billion ($9.2 billion), up 3% year over year.

Non-interest expenses of €4.9 billion ($5.8 billion) declined 26% from the prior-year quarter. 

Adjusted non-interest expenses (excluding nonoperating items) were €5 billion ($5.9 billion), down 1% from the prior year quarter.

Provision for credit losses was €423 million ($498.8 million), down 11% from the prior-year quarter.

DB’s Segmental Performance

Corporate Bank: Net revenues from the segment were €1.9 billion ($2.2 billion), down 1% year over year. The results were hurt by a decrease in Business Banking revenues.

Investment Bank: This segment’s net revenues totaled €2.7 billion ($2.8 billion), up 3% year over year. The upside was primarily driven by growth across Fixed Income and Currencies, partially offset by a decline in Equity Origination & Advisory.

Private Bank: Net revenues of €2.4 billion ($2.8 billion) were up 2% year over year.

Asset Management: Net revenues of €725 million ($854.9 million) rose 9% year over year. An increase in performance and transaction fees led to the rise.

Corporate & Other: The segment reported net revenues of €125 million ($147.4 million), surging 69% from the prior-year quarter.

Deutsche Bank’s Capital Position

DB’s Common Equity Tier 1 capital ratio was 14.2% as of June 30, 2025, up from the year-ago quarter’s 13.5%.

The leverage ratio on a fully loaded basis was 4.7%, up from the year-ago quarter's 4.6%.

Our Viewpoint on Deutsche Bank

A strong balance sheet position and a shift toward a capital-light business model will likely support Deutsche Bank's financials. Also, the company’s strong capital position aids sustainable capital distribution moves. Declining expense base will support its bottom-line growth.

Deutsche Bank Aktiengesellschaft Price, Consensus and EPS Surprise

 

The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Another Foreign Bank

ICICI Bank Ltd.’s (IBN - Free Report) net income for the first quarter of fiscal 2025 (ended June 30) was INR127.7 billion ($1.5 billion), up 15.5% from the prior-year quarter.

IBN results were driven by increased net interest income, non-interest income and growth in loans. However, higher operating expenses and declines in deposits and provisions were the headwinds.

Upcoming Foreign Bank Earnings Release

HSBC Holdings plc (HSBC - Free Report) is scheduled to announce second-quarter 2025 numbers on July 30.

The consensus estimate for HSBC’s quarterly earnings has been unchanged at $1.62 per share over the past week. The figure implies a decline of 1.8% from the prior-year quarter’s actual.


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