United Bank for Africa Plc (NGX:UBA)

United Bank for Africa Income Statement

Financials in millions NGN. 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	2,463,651	2,295,890	1,073,246	556,737	473,909	422,655
Interest Income on Investments	87,769	74,147	2,101	415	353	5,207
Total Interest Income	2,551,420	2,370,037	1,075,347	557,152	474,262	427,862
Interest Paid on Deposits	952,395	839,250	367,807	177,663	157,551	168,395
Net Interest Income	1,599,025	1,530,787	707,540	379,489	316,711	259,467
Net Interest Income Growth (YoY)	16.91%	116.35%	86.45%	19.82%	22.06%	16.94%
Gain (Loss) on Sale of Assets	208	107	121	21	1,992	-168
Gain (Loss) on Sale of Investments	-17,553	-17,553	-62,583	-22,297	-3,012	-4,566
Other Non-Interest Income	427,664	553,530	848,860	213,114	124,291	143,575
Total Non-Interest Income	410,319	536,084	786,398	190,838	123,271	138,841
Non-Interest Income Growth (YoY)	-36.65%	-31.83%	312.08%	54.81%	-11.21%	13.34%
Revenues Before Loan Losses	2,009,344	2,066,871	1,493,938	570,327	439,982	398,308
Provision for Loan Losses	150,379	216,967	144,049	19,671	9,851	22,443
Revenue	1,858,965	1,849,904	1,349,889	550,656	430,131	375,865
Revenue Growth (YoY)	-1.78%	37.04%	145.14%	28.02%	14.44%	14.58%
Salaries and Employee Benefits	360,075	314,660	182,812	113,988	93,244	87,545
Occupancy Expenses	60,284	48,608	36,596	26,218	22,700	20,005
Selling, General & Administrative	48,595	50,744	18,859	11,022	8,747	8,509
Other Non-Interest Expense	610,794	632,166	353,942	198,863	154,295	133,620
Total Non-Interest Expense	1,079,748	1,046,178	592,209	349,780	277,058	248,608
EBT Excluding Unusual Items	779,217	803,726	757,680	200,876	153,073	127,257
Pretax Income	778,840	803,726	757,680	200,876	153,073	127,257
Income Tax Expense	58	37,158	149,984	30,599	34,395	18,095
Earnings From Continuing Operations	778,782	766,568	607,696	170,277	118,678	109,162
Minority Interest in Earnings	-40,291	-23,447	-9,411	-4,826	-2,795	-3,253
Net Income	738,491	743,121	598,285	165,451	115,883	105,909
Net Income to Common	738,491	743,121	598,285	165,451	115,883	105,909
Net Income Growth	9.52%	24.21%	261.61%	42.77%	9.42%	22.84%
Basic Shares Outstanding	36,943	34,199	34,199	34,199	34,199	34,199
Diluted Shares Outstanding	36,943	34,199	34,199	34,199	34,199	34,199
Shares Change (YoY)	8.02%	-	-	-	-	-
EPS (Basic)	19.99	21.73	17.49	4.84	3.39	3.10
EPS (Diluted)	19.99	21.73	17.49	4.84	3.39	3.10
EPS Growth	1.39%	24.21%	261.61%	42.77%	9.42%	22.84%
Dividend Per Share	3.250	5.000	2.800	1.100	1.000	0.520
Dividend Growth	-24.42%	78.57%	154.54%	10.00%	92.31%	-48.00%
Effective Tax Rate	0.01%	4.62%	19.79%	15.23%	22.47%	14.22%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.