The United Bank (EGX:UBEE)

The United Bank Income Statement

Financials in millions EGP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	13,656	13,006	9,949	6,612	4,877	4,683
Interest Income on Investments	233.81	121.15	90.08	66.29	61.35	22.25
Total Interest Income	13,890	13,127	10,039	6,679	4,938	4,705
Interest Paid on Deposits	8,487	8,195	6,675	3,970	2,720	2,680
Net Interest Income	5,403	4,932	3,364	2,709	2,218	2,025
Net Interest Income Growth (YoY)	31.54%	46.60%	24.20%	22.11%	9.55%	-
Income From Trading Activities	-10.22	-	-	101.41	49.31	63.35
Gain (Loss) on Sale of Assets	54.84	53.21	73.24	51.98	16.69	25.12
Gain (Loss) on Sale of Investments	110.92	34.82	42.78	89.37	165.64	83.91
Other Non-Interest Income	844.5	791.25	658.55	328.29	213.77	216.49
Total Non-Interest Income	1,000	879.28	774.57	571.05	445.41	388.87
Non-Interest Income Growth (YoY)	16.98%	13.52%	35.64%	28.21%	14.54%	-
Revenues Before Loan Losses	6,403	5,811	4,139	3,280	2,664	2,414
Provision for Loan Losses	38.46	146.68	199.05	36.49	19.86	-225.06
Revenue	6,365	5,665	3,940	3,243	2,644	2,639
Revenue Growth (YoY)	35.33%	43.78%	21.48%	22.68%	0.19%	-
Salaries and Employee Benefits	-	-	-	722.51	650.94	610.34
Selling, General & Administrative	2,001	1,856	1,524	535.02	480.63	447.08
Other Non-Interest Expense	84.86	66	55.68	30.6	-30.26	-85.63
Total Non-Interest Expense	2,086	1,922	1,580	1,288	1,101	971.78
EBT Excluding Unusual Items	4,279	3,742	2,360	1,955	1,542	1,667
Pretax Income	4,279	3,742	2,360	1,955	1,542	1,667
Income Tax Expense	1,110	909.49	617.61	623.8	396.99	353.27
Earnings From Continuing Operations	3,169	2,833	1,742	1,331	1,145	1,314
Minority Interest in Earnings	-14.89	-12.88	-10.07	-7.05	-6.5	-4.2
Net Income	3,154	2,820	1,732	1,324	1,139	1,309
Preferred Dividends & Other Adjustments	347.99	312.07	190.85	152.61	129.89	147.04
Net Income to Common	2,806	2,508	1,541	1,172	1,009	1,162
Net Income Growth	40.53%	62.80%	30.81%	16.27%	-13.02%	-
Basic Shares Outstanding	1,100	1,100	1,100	500	371	358
Diluted Shares Outstanding	1,100	1,100	1,100	500	371	358
Shares Change (YoY)	-	-	120.00%	34.60%	3.70%	-
EPS (Basic)	2.55	2.28	1.40	2.34	2.72	3.24
EPS (Diluted)	2.55	2.28	1.40	2.34	2.72	3.24
EPS Growth	40.23%	62.71%	-40.20%	-13.74%	-16.29%	-
Dividend Per Share	0.750	0.750	-	-	-	-
Effective Tax Rate	25.94%	24.30%	26.17%	31.91%	25.74%	21.19%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.