A signs stands above the entrance to a Deutsche Bank AG bank branch in Frankfurt, Germany, on Monday, July 4, 2016.

Deutsche Bank reported stronger-than-anticipated first-quarter net profit on Friday, less than 24 hours after abandoning merger talks with Commerzbank.

Germany's 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."