The Zhitong Finance App learned that Deutsche Bank (DB.US) announced the results for the third quarter of 2026 on Wednesday. According to the data, net revenue for the quarter increased 4% year-on-year to 8.3 billion euros, higher than market expectations of 8.21 billion euros; profit attributable to shareholders after tax was 1.85 billion euros, setting a new historical record for the third consecutive quarter and exceeding analysts' expectations of 1.7 billion euros. Profit before tax increased 8% year over year to 2.6 billion euros, and diluted earnings per share were 0.94 euros, up 6% year over year.
Core metrics improvements
The return on tangible equity (RoTE) for the third quarter was 10.6%, compared to 10.7% in the same period last year (boosted by tax effects); the cost-revenue ratio fell to 62.4%, an improvement of 2 percentage points over the previous year. The CET1 capital ratio is 14.0% and is at the high end of the operating range. The share repurchase of 1.5 billion euros has been completed in 2026.
Net revenue growth was mainly driven by key growth areas, contributing 80% of revenue growth. The volume of assets managed by the private banking and asset management sector increased by 50 billion euros to 2.0 trillion euros during the quarter, driven by a record net inflow of 47 billion euros. Loans increased 5% year over year, and deposits increased 8%.
Segment performance
Investment banking revenue declined slightly year over year, but was offset by growth in private banking, asset management, and corporate banking. Private bank RoTE rose to 13.0% in the third quarter, with customer assets reaching 865 billion euros, with a net inflow of 17 billion euros; asset management RoTE reached 41.7%, with assets under management exceeding 1.2 trillion euros, and a record net inflow of 31 billion euros; corporate bank RoTE rose to 17.6%, with a record revenue increase of 8% and deposits up 13%; investment bank revenue of 2,918 billion euros, and profit before tax increased 12%.
Looking ahead, Deutsche Bank said that “strong” results for the first nine months of 2026 “supported its full-year revenue target of over 33 billion euros.
CEO Christian Sewing said, “We are pleased to announce that we have achieved record profits for the third consecutive quarter in 2026. We achieved excellent results in key growth areas and achieved revenue growth; our asset raising business received record capital inflows; and our loan and deposit business also achieved strong growth.”