German lender Deutsche Bank reported a weaker-than-expected net loss of 3.15 billion euros ($3.51 billion) for the second quarter of 2019.

Analysts polled by research firm Refinitiv had estimated a net loss of 1.7 billion euros for the period, due to the bank's massive restructuring program announced earlier this month. The German bank itself had previously said it expected to report a net loss of 2.8 billion euros for the quarter.

The embattled German lender saw a net profit of 401 million euros for the same quarter last year, but has since endured a tumbling share price and a fresh round of scandals. Deutsche Bank shares fell more than 5% in early trade Wednesday as investors digested the news.

Here are some of the key highlights for the quarter:

Net revenue hit 6.2 billion euros, versus 6.59 billion euros a year ago.

Common equity tier 1 capital ratio of 13.4%, versus 14.7% a year ago

Substantial strategic transformation charges of 3.4 billion euros.

Earlier this month, Deutsche Bank announced that it would exit its global equities business and slash 18,000 jobs by 2022. First to go were senior executives Garth Ritchie, Sylvie Matherat and Frank Strauss, who will leave the bank at the end of this month.

"We have already taken significant steps to implement our strategy to transform Deutsche Bank," Christian Sewing, the bank's CEO said in a statement Wednesday.

"These are reflected in our results. A substantial part of our restructuring costs is already digested in the second quarter. Excluding transformation charges the bank would be profitable and in our more stable businesses revenues were flat or growing."

Deutsche Bank also revealed that over 900 employees have so far been given notice or told that their roles will be terminated. It further clarified that excluding the strategic transformation charges, net income would have been 231 million euros, versus 401 million euros over the same period last year.