Deutsche Bank AG

Latest Results (01.09.2026):

Deutsche Bank AG reported a record second quarter (Q2 2026) with profit after tax of €1.9 billion, up 10% year‑on‑year, and profit before tax of €2.7 billion, up 11%. Diluted earnings per share were €0.57 (+19% YoY). For the first half of 2026 the bank delivered a record after‑tax profit of €4.1 billion (+9% YoY) and profit before tax of €5.7 billion (+9% YoY). The bank cited revenue and business‑volume growth, disciplined cost control, strong capital (CET1 13.9%) and a newly announced €500 million share buyback from 2026 earnings.

Earnings and per‑share metrics

Q2 2026 profit after tax €1.9bn (+10% YoY); profit before tax €2.7bn (+11% YoY). Diluted EPS €0.57 (+19% YoY). H1 2026 after‑tax profit €4.1bn (+9% YoY); H1 PBT €5.7bn (+9% YoY).

Capital and shareholder returns

CET1 ratio 13.9% at quarter end; management highlighted strong organic capital generation and announced a €500m share buyback from 2026 earnings to increase payouts to shareholders.

Business‑line performance

Investment Bank delivered a very strong quarter (record FIC revenues and strong IBCM) driving highest‑ever Q2 revenues. Corporate Bank, Private Bank and Asset Management showed revenue and volume growth—Asset Management reported record net inflows; Private Bank sustained revenues and client asset growth; Corporate Bank reported strong RoTE and business volume growth.

Revenue, volumes and costs

Group reported revenue and business‑volume growth across key businesses while describing costs as reflecting disciplined execution of strategy.

Credit quality

Overall portfolio quality described as strong, with credit performance in line with management expectations.

Sustainable and transition finance

Cumulative sustainable and transition finance and ESG investment volumes since 1 Jan 2020 rose to €523bn (from €492bn in Q1 2026). Q2 sustainable/transition volumes ex‑DWS were €31bn; transition finance contributed €4.3bn in the quarter.

Accounting items — EU carve‑out impact

Application of the EU carve‑out of IAS 39 had a negative impact in Q2 2026 of €688m on profit before tax and €496m on profit. The carve‑out reduced the CET1 ratio by about 53 basis points as of June 30, 2026.

Outlook and investor engagement

Management reiterated progress toward targets and a constructive 2026 outlook; an analyst call and investor/fixed‑income calls were scheduled to discuss the Q2 results and outlook.