Deutsche Bank surpasses Q1 profit expectations, with net profit up 39%; revenue up as well.

From CNBC: 2025-04-29 01:22:00

Germany’s largest lender, Deutsche Bank, exceeded analysts’ expectations with a first-quarter net profit of 1.775 billion euros, up 39% from the previous year. Revenues rose to 8.524 billion euros, marking the bank’s best quarterly profit in fourteen years. CEO Christian Sewing hailed the results as progress towards their 2025 targets.

The profit before tax for Deutsche Bank in the first quarter was 2.837 billion euros, a 39% increase from the previous year. The CET 1 capital ratio remained steady at 13.8%, and the post-tax return on tangible equity (ROTE) rate was 11.9%, surpassing the 10% target for 2025. Overall, the bank is on track to meet its goals.



Read more at CNBC:: Deutsche Bank (DBK) Q1 earnings 2025