Deutsche Bank Report Profit Before Tax of $8.94 Billion
- Banking Companies Earnings Eurozone
Global Business Magazine- 5 minutes read
The Berlin headquartered Deutsche Bank, one of the world’s leading financial services providers, on Wednesday has announced profit before tax of $8.94 billion for the first nine months of 2025, up 64% compared to the first nine months of 2024.
If adjusted for the impacts of the Postbank takeover litigation provision in both periods, profit before tax was up 36% y-o-y. Profit growth reflected year on year revenue growth of 7%, together with an 8% year on year reduction in noninterest expenses, driven largely by significantly lower nonoperating expenses due to the non-recurrence of the aforementioned Postbank litigation impact.
Adjusted costs, which exclude nonoperating items, were $17.65 billion, essentially flat in line with guidance. The Nine-month net revenues, at $28.33 billion, were in line with full-year 2025 guidance of around $37.16 billion; nine-month noninterest expenses, at $17.88 billion, were also in line with full-year guidance of around $24.25 billion.
Deutsche Bank’s target ratios improved significantly compared to the first nine months of 2024 and were in line with the bank’s 2025 targets. Post-tax return on average tangible shareholders’ equity (RoTE)1 was 10.9%, up from 6.0% in the prior year period and in line with the bank’s 2025 target of above 10%.
Post-tax return on average shareholders’ equity (RoE)1 was 9.8%, up from 5.4% in the prior year period. The cost/income ratio improved to 63%, down from 73.2% in the prior year period, and in line with the bank’s full-year 2025 target of below 65%.
The bank said that the nine-month diluted earnings per share were $2.73, nearly double the figure of $1.42 in the prior year period.
Bank CEO Christian Sewing said that they have delivered record profits in both the third quarter and first nine months of 2025, demonstrating the value to clients and shareholders of our Global Hausbank in a fast-changing environment.
“We are on track to deliver on our 2025 financial targets and, having increased shareholder distributions by 50% in each of the last three years, we are on course to return over $9.29 billion to shareholders from 2022 to 2026.
Double Digit Profit Growth
In the first nine months of 2025, Deutsche Bank’s businesses contributed to Group profitability and target ratios as follows:
Corporate Bank profit before tax of $2.32 billion, up 16% y-o-y, with RoTE1 of 16%, RoE1 of 14.7%, and a cost/income ratio of 62%. The Investment Bank profit before tax was up 18% y-o-y to $3.83 billion, with RoTE1 of 12.5%, RoE1 of 12%, and a cost/income ratio of 55%.
The profit before tax of Private Bank was $2.09 billion, up 71% y-o-y, with RoTE1 of 10.5%, RoE1 of 10.2%, including record quarterly RoTE1 of 12.6% in the third quarter, and a cost/income ratio of 70% while the Asset Management profit before tax up 48% y-o-y to $773.37 million, with RoTE1 of 25.4%, RoE1 of 11.4%, and a cost/income ratio of 61%.
Q3 Profit
In the third quarter of 2025, profit before tax was $2.79 billion, a record for a third quarter and up 8% over the third quarter of 2024. Excluding the positive impact of around $510.94 million from the partial release of Postbank-related litigation provision in the prior year quarter, profit before tax would have been up by 34% year on year.
The bank’s Chief Financial Officer James von Moltke said that revenue momentum from their well-diversified businesses combined with ongoing cost discipline have delivered strong organic capital generation and a return on tangible equity above 10% in all three quarters of 2025 to date.
