Deutsche Bank Posts Q1 Profit Growth, Reaffirms FY26 Revenue Ambitions

Deutsche Bank AG has delivered a solid start to the 2026 fiscal year, reporting a first-quarter profit attributable to shareholders of €1.91 billion. This represents an 8% increase compared to the €1.78 billion recorded in the same period last year, with earnings per share rising 7% to €1.06. The bank's leadership indicated that the quarterly results align with internal expectations, providing a stable foundation for the firm's long-term strategic goals. Specifically, the lender remains on track to achieve its full-year 2026 revenue ambition of €33 billion, signaling confidence in its current operating trajectory. Financial performance was bolstered by a 2% rise in total net revenues, which reached €8.67 billion. When excluding the impact of foreign exchange, revenue growth was more pronounced at 6%. Profit before tax also saw a lift, climbing 7% to €3.04 billion. These gains were supported by a 2% reduction in noninterest expenses, which fell to €5.11 billion. However, the report highlighted a slight increase in risk metrics, as provisions for credit losses grew by 10% year-over-year to €519 million. Despite this, the bank's wealth and asset divisions showed strong momentum. Assets under management (AuM) rose to €1.8 trillion, an increase of €146 billion from the previous year, aided by €22 billion in net inflows across the Private Bank and Asset Management segments. Overall, the results reflect a period of focused growth and operational efficiency for the German institution as it navigates the current macroeconomic environment.