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Germany's flagship lender posted 201 million euros ($223 million) in net income for the first three months of the year.
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Revenues for the quarter were down 9%, with the bank's full-year target cut to "essentially flat" from 2018.
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Shares of the lender slipped 3% on the news.
Deutsche Bank DBK-DE reported stronger-than-anticipated first-quarter net profit on Friday, less than 24 hours after abandoning merger talks with Commerzbank CBK-DE .
Germany flagship lender posted 201 million euros ($223 million) in net income for the first three months of the year. This was a rise of 67% from the same period a year ago and better than the 29 million euro figure given by Reuters in an analyst poll.
Revenues for the quarter were down 9%, with the bank's full-year target cut to "essentially flat" from 2018. Last month, Deutsche Bank had projected a slight increase in 2019 revenues.
Shares of the lender slipped 3% on the news.
"Our first-quarter results demonstrate the strength of our franchise and our continued progress in executing our plans in a very challenging market environment," CEO Christian Sewing said in statement.
"We have made progress on key business drivers: growth in loans and deposits, a recovery in assets under management and market share improvements in corporate finance."
Decision supported by the German government
Deutsche Bank had pre-released some of its expected first-quarter earnings on Thursday morning.
The detailed figures published Friday come shortly after Deutsche Bank and Commerzbank formally ended merger talks , saying the deal would have been too risky.
"This is a decision that has to be respected by everybody," German Economy Minister, Peter Altmaier, told CNBC's Eunice Yoon in Beijing, China on Friday.
"The fact that both banks agreed that such a merger is not the right thing to do means that is accepted and supported by the German government," Altmaier said.
Its common equity tier-1 ratio, which indicates a bank's strength, stood at 13.7% at the end of the first quarter.
In the past few years, Deutsche Bank has made headlines for all the wrong reasons — from settlements with the U.S. Department of Justice, to management reshuffles, weak earnings, constant restructuring and steep stock price falls.
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