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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	2,681,092	2,639,831	2,337,485	1,073,246	556,737	473,909
Interest Income on Investments	9,216	9,216	74,147	2,101	415	353
Total Interest Income	2,690,308	2,649,047	2,411,632	1,075,347	557,152	474,262
Interest Paid on Deposits	1,035,534	1,030,708	859,162	367,807	177,663	157,551
Net Interest Income	1,654,774	1,618,339	1,552,470	707,540	379,489	316,711
Net Interest Income Growth (YoY)	4.60%	4.24%	119.42%	86.45%	19.82%	22.06%
Gain (Loss) on Sale of Assets	-	-2,291	107	121	21	1,992
Gain (Loss) on Sale of Investments	1,723	1,723	-17,553	-62,583	-22,297	-3,012
Other Non-Interest Income	258,465	237,819	531,844	848,860	213,114	124,291
Total Non-Interest Income	260,188	237,251	514,398	786,398	190,838	123,271
Non-Interest Income Growth (YoY)	-54.29%	-53.88%	-34.59%	312.08%	54.81%	-11.21%
Revenues Before Loan Losses	1,914,962	1,855,590	2,066,868	1,493,938	570,327	439,982
Provision for Loan Losses	331,071	331,071	216,967	144,049	19,671	9,851
Revenue	1,583,891	1,524,519	1,849,901	1,349,889	550,656	430,131
Revenue Growth (YoY)	-17.71%	-17.59%	37.04%	145.14%	28.02%	14.44%
Salaries and Employee Benefits	376,268	376,268	314,660	182,812	113,988	93,244
Occupancy Expenses	66,680	66,680	48,608	36,596	26,218	22,700
Selling, General & Administrative	-	19,853	50,744	18,859	11,022	8,747
Other Non-Interest Expense	761,154	634,248	632,163	353,942	198,863	154,295
Total Non-Interest Expense	1,204,102	1,097,049	1,046,175	592,209	349,780	277,058
EBT Excluding Unusual Items	379,789	427,470	803,726	757,680	200,876	153,073
Legal Settlements	-	-4,070	-	-	-	-
Pretax Income	379,789	423,400	803,726	757,680	200,876	153,073
Income Tax Expense	18,314	18,704	37,158	149,984	30,599	34,395
Earnings From Continuing Operations	361,475	404,696	766,568	607,696	170,277	118,678
Minority Interest in Earnings	-31,042	-31,042	-23,447	-9,411	-4,826	-2,795
Net Income	330,433	373,654	743,121	598,285	165,451	115,883
Net Income to Common	330,433	373,654	743,121	598,285	165,451	115,883
Net Income Growth	-58.20%	-49.72%	24.21%	261.61%	42.77%	9.42%
Basic Shares Outstanding	41,596	38,668	34,199	34,199	34,199	34,199
Diluted Shares Outstanding	41,596	38,668	34,199	34,199	34,199	34,199
Shares Change (YoY)	21.63%	13.07%	-	-	-	-
EPS (Basic)	7.94	9.66	21.73	17.49	4.84	3.39
EPS (Diluted)	7.94	9.66	21.73	17.49	4.84	3.39
EPS Growth	-65.64%	-55.53%	24.21%	261.61%	42.77%	9.42%
Dividend Per Share	0.250	0.250	5.000	2.800	1.100	1.000
Dividend Growth	-95.00%	-95.00%	78.57%	154.54%	10.00%	92.31%
Effective Tax Rate	4.82%	4.42%	4.62%	19.79%	15.23%	22.47%

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