Net profit fell 22% to €940 million, or about $1 billion, topping consensus forecasts for €744 million.
Revenue rose 11% but was offset by legal charges and severance costs. A higher tax rate also weighed on earnings.
Corporate-banking revenue rose 25%, while retail gained 11%.
Bad-debt charges rose more than expected but were still contained, said James von Moltke, the bank’s financial chief. It lifted provisions on commercial real estate and German mid-sized companies.
Deutsche Bank will restart buybacks of up to €450 million for 2023, as it tries to appease investors who have seen shares in other banks jump this year.
