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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	13,860	13,006	9,949	6,612	4,877	4,683
Interest Income on Investments	234.37	121.15	90.08	66.29	61.35	22.25
Total Interest Income	14,095	13,127	10,039	6,679	4,938	4,705
Interest Paid on Deposits	8,626	8,195	6,675	3,970	2,720	2,680
Net Interest Income	5,469	4,932	3,364	2,709	2,218	2,025
Net Interest Income Growth (YoY)	19.92%	46.60%	24.20%	22.11%	9.55%	-
Income From Trading Activities	-25.24	-	-	101.41	49.31	63.35
Gain (Loss) on Sale of Assets	-226.11	53.21	73.24	51.98	16.69	25.12
Gain (Loss) on Sale of Investments	105.85	34.82	42.78	89.37	165.64	83.91
Other Non-Interest Income	852.45	791.25	658.55	328.29	213.77	216.49
Total Non-Interest Income	706.96	879.28	774.57	571.05	445.41	388.87
Non-Interest Income Growth (YoY)	-18.89%	13.52%	35.64%	28.21%	14.54%	-
Revenues Before Loan Losses	6,176	5,811	4,139	3,280	2,664	2,414
Provision for Loan Losses	58.48	146.68	199.05	36.49	19.86	-225.06
Revenue	6,117	5,665	3,940	3,243	2,644	2,639
Revenue Growth (YoY)	17.88%	43.78%	21.48%	22.68%	0.19%	-
Salaries and Employee Benefits	-	-	-	722.51	650.94	610.34
Selling, General & Administrative	2,175	1,856	1,524	535.02	480.63	447.08
Other Non-Interest Expense	55.31	66	55.68	30.6	-30.26	-85.63
Total Non-Interest Expense	2,230	1,922	1,580	1,288	1,101	971.78
EBT Excluding Unusual Items	3,887	3,742	2,360	1,955	1,542	1,667
Pretax Income	3,887	3,742	2,360	1,955	1,542	1,667
Income Tax Expense	1,242	909.49	617.61	623.8	396.99	353.27
Earnings From Continuing Operations	2,646	2,833	1,742	1,331	1,145	1,314
Minority Interest in Earnings	-14.37	-12.88	-10.07	-7.05	-6.5	-4.2
Net Income	2,631	2,820	1,732	1,324	1,139	1,309
Preferred Dividends & Other Adjustments	298.48	312.07	190.85	152.61	129.89	147.04
Net Income to Common	2,333	2,508	1,541	1,172	1,009	1,162
Net Income Growth	1.52%	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)	2.12	2.28	1.40	2.34	2.72	3.24
EPS (Diluted)	2.12	2.28	1.40	2.34	2.72	3.24
EPS Growth	0.86%	62.71%	-40.20%	-13.74%	-16.29%	-
Dividend Per Share	0.750	0.750	-	-	-	-
Effective Tax Rate	31.94%	24.30%	26.17%	31.91%	25.74%	21.19%

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