By Justina Lee 



  DBS Group Holdings Ltd. reported earnings for the second quarter. Here's what you need to know: 


  NET PROFIT: The group posted net profit of 1.25 billion Singapore dollars (US$$912.4 million) for the quarter, down from S$1.60 billion a year ago. The bank was expected to post a net profit of S$1.17 billion, according to a consensus estimate by FactSet. 


  TOTAL INCOME: DBS's total income was S$3.73 billion for the quarter, marginally higher than a year earlier. That beat the S$3.54 billion forecast provided by FactSet. 


  WHAT WE WATCHED: 


  --DIVIDEND: DBS says it will pay a dividend of 18 Singapore cents in the second quarter, in line with central bank guidance asking local lenders to moderate dividend payouts. That equals an estimated payout of S$457 million, DBS said. 


  --CREDIT LOSSES: For the first half, the bank has set aside S$1.26 billion for expected credit losses, taking total allowances to S$1.94 billion. 


  Write to Justina Lee at justina.lee@wsj.com