Why is OCBC share price so low today?

$OCBC Bank(O39.SG)$ OCBC's share price is lower today due to a combination of factors. In February 2024, the shares dropped by 2.5% to S$12.90, nearing a two-week low. This decline can be attributed to lower-than-anticipated earnings and a smaller-than-expected dividend hike. Additionally, the bank forecasted a drop in the net interest margin (NIM), a key profitability measure. The fourth-quarter net profit increased by 12%, but it missed expectations due to weaker insurance income, contributing to the lower share price.