Deutsche Bank Investor Relations - Q4/FY 2025 results - January 29, 2026

Sep 18, 2026

Uploaded by Blaney

Deutsche Bank Investor Relations presents the Q4 and FY 2025 results dated January 29, 2026, highlighting progress against 2025 goals and strategic execution. The presentation emphasizes €32bn revenue ambition delivered with sustained business momentum, €2.5bn operational efficiencies, positive operating leverage driving profitability, and RWA optimization alongside organic capital generation. Key metrics include 6.0% revenue CAGR (FY 2021-25), 64% cost/income ratio, 10.3% RoTE, and 14.2% CET1 ratio, supported by capital distributions since 2022.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages44

Reading Time1 h 51 min

AccessFree to download

FY 2025 highlights

2025 goals and key financial metrics

Business performance by division

Corporate Bank, Investment Bank, Private Bank, Asset Management

Value creation and capital distribution

Tangible book value, payout details

Strategic agenda and medium-term targets

Scaling the Global Hausbank, growth and resilience

Deutsche Bank Investor Relations Q4/FY 2025 results January 29, 2026 Delivering on 2025 goals sets firm foundation to scale the Global Hausbank FY 2025 Achieved 􀂲 € 32bn revenue ambition achieved with continued business momentum 􀂲 Executed € 2.5bn operational efficiencies and self-funded transformation 􀂲 Achieved sustainable profitability through positive operating leverage 􀂲 Delivered € 31bn RWA optimization alongside organic capital generation 􀂲 Full commitment to deliver the next phase of strategic execution 6.0% Revenue CAGR FY 2021-251 64% Cost/income ratio (CIR) 10.3% Return on tangible equity (RoTE)2 14.2% CET1 ratio € 8.5 bn Capital distribution since 20223 Notes: throughout this presentation totals may not sum due to rounding differences and percentages may not precisely reflect the absolute figures; for footnotes refer to slides 42 and 43 Deutsche Bank Investor Relations Q4/FY 2025 results, January 29, 2026 A transformed bank delivering increasing profitability In € bn, unless stated otherwise Pre-provision profit1 11.4 ~3x FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Specific litigation items2 Positive operating leverage of 17% in FY 2025, driving significant profit growth Revenues 32.1 30.1 +7% 75% More predictab le revenue streams3 +26% FY 2021 FY 2022 FY 2023 FY2024 FY 2025 Continued franchise momentum from diversified and complementary revenue mix Noninterest expenses FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Disciplined cost management to self-fund growth and deliver flat adjusted costs in 2025 Notes: for footnotes refer to slides 42 and 43 Deutsche Bank Investor Relations Q4/FY 2025 results, January 29, 2026 3 Disciplined strategy execution driving higher returns across all businesses Significantly enhanced collaboration across divisions ofthe Global Hausbank Corporate Bank Well-positioned for profitable growth 􀂲 Significantly increased revenues by >40% since FY 2021; well-positioned to further leverage global network and deep client relationships 􀂲 Sustainable growth in 2025 in commission and fee generating businesses coupled with strong deposit base, laying the foundation to accelerate growth RoTE1 4% FY 2021 15% FY 2025 CIR 88% 62% FY 2021 FY 2025 |
Investment Bank Continued focus on supporting client needs | 􀂲
􀂲 | Substantial divisional revenue and profitability increase since FY 2021, while repositioning IBCM for future growth
Supporting clients through continued strength of FIC franchise, with client activity increasing 11% YoY | 9% | 11% | 63% | 58% | | --- | --- | --- | --- | --- | --- | --- | |
Private Bank
Delivering on transformation and growth | 􀂲
􀂲 | Two distinct businesses with leading investment advisory and lending capabilities attracting € 110bn net new assets since FY 2021
Deep business transformation enabling 11% operating leverage in FY 2025, driving significant profitability increase | (2)% | 10% | 96% | 70% | Asset Management Clients’ Gateway to Europe 􀂲 Leading German and European asset manager2, with strengthened position as a Gateway to Europe, supported by global scale across all major asset classes 􀂲 Attracted ~€ 85bn net new assets since FY 2021 with assets under management surpassing € 1 trillion 26% 29%3 62% 59% Notes: IBCM – Investment Banking & Capital Markets, FIC – Fixed Income & Currencies; for footnotes refer to slides 42 and 43 Deutsche Bank Investor Relations Q4/FY 2025 results, January 29, 2026 4 Creating value and returning capital to shareholders Tangible book value per basic share outstanding FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Continuously growing tangible book value per share Payout details € 2 .9 bn Proposed capital distribution in respect of FY 2025, of which: € 1.0bn authorized buyback € 1.00 proposed dividend per share € 8.5bn Cumulative capital distributions since 20221 2.9 2022 2023 2024 2

FAQs

What were the main FY 2025 achievements highlighted in the investor materials?

The presentation states that the €32bn revenue ambition was achieved with continued momentum, €2.5bn operational efficiencies were executed, profitability improved through positive operating leverage, and €31bn RWA optimization was delivered alongside organic capital generation.

Which KPIs are used to describe performance for FY 2025?

Key indicators include 6.0% revenue CAGR for FY 2021-25, 64% cost/income ratio (CIR), 10.3% return on tangible equity (RoTE), and 14.2% CET1 ratio, along with liquidity and funding metrics (LCR and NSFR) referenced for Q4.

What capital distribution information is provided since 2022 and for FY 2025?

The materials mention €8.5bn capital distribution since 2022, and for FY 2025 they provide payout details including €1.0bn authorized buyback and a €1.00 proposed dividend per share, alongside cumulative distributions to date.

Sep 18, 2026

Uploaded by Blaney