United Bank for Africa Plc (NGX: UBA)

United Bank for Africa Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	4,602,836	2,953,944	1,131,025	785,910	794,594	559,471
Investment Securities	14,845,561	6,859,300	4,120,160	3,212,660	2,445,719	1,143,513
Trading Asset Securities	350,348	532,673	54,793	46,436	192,447	132,446
Total Investments	15,195,909	7,391,973	4,174,953	3,259,096	2,638,166	1,275,959
Gross Loans	8,157,036	5,794,179	3,525,639	2,933,574	2,745,716	2,257,406
Allowance for Loan Losses	-374,200	-244,598	-85,511	-99,010	-113,322	-88,048
Net Loans	7,782,836	5,549,581	3,440,128	2,834,564	2,632,394	2,169,358
Property, Plant & Equipment	309,365	267,148	208,039	178,117	153,191	128,499
Goodwill	-	29,303	14,830	11,131	10,718	9,558
Other Intangible Assets	82,242	14,552	18,638	19,319	18,182	8,113
Other Receivables	747,973	662,653	226,824	128,922	87,812	122,657
Restricted Cash	2,822,838	2,686,563	1,283,163	969,869	1,103,888	832,108
Other Current Assets	151,696	553,382	314,612	293,170	175,697	427,955
Long-Term Deferred Tax Assets	21,227	9,741	23,603	43,329	40,602	43,054
Other Real Estate Owned & Foreclosed	-	-	-	-	2,755	-
Other Long-Term Assets	84,437	534,357	21,756	17,891	35,378	44,175
Total Assets	31,801,359	20,653,197	10,857,571	8,541,318	7,693,377	5,620,907
Accrued Expenses	128,435	81,735	51,497	30,767	25,316	18,447
Interest Bearing Deposits	11,703,848	7,873,376	4,466,977	3,238,472	2,900,403	2,138,142
Non-Interest Bearing Deposits	14,795,640	9,482,345	4,528,152	3,784,928	3,193,765	1,961,812
Total Deposits	26,499,488	17,355,721	8,995,129	7,023,400	6,094,168	4,099,954
Short-Term Borrowings	441,316	418,972	256,753	21,739	285,355	202,276
Current Portion of Long-Term Debt	-	24,591	8	111,690	-	188,711
Current Portion of Leases	-	8,760	5,756	882	3,506	794
Current Income Taxes Payable	18,553	42,671	20,281	21,415	9,982	9,164
Other Current Liabilities	95,250	92,864	49,690	42,906	36,355	22,253
Long-Term Debt	691,163	417,061	279,054	322,441	409,508	398,595
Long-Term Leases	8,414	21,794	14,321	15,878	3,423	836
Long-Term Unearned Revenue	863	4,775	902	1,305	677	462
Long-Term Deferred Tax Liabilities	51,951	50,805	959	19,617	16,992	16,974
Other Long-Term Liabilities	280,479	103,253	261,117	124,471	88,549	64,463
Total Liabilities	28,215,912	18,623,002	9,935,467	7,736,511	6,973,831	5,022,929
Common Stock	17,100	17,100	17,100	17,100	17,100	17,100
Additional Paid-In Capital	98,715	98,715	98,715	98,715	98,715	98,715
Retained Earnings	1,621,483	1,194,767	641,126	509,590	412,517	337,527
Comprehensive Income & Other	1,727,893	651,580	130,356	150,769	163,319	125,231
Total Common Equity	3,465,191	1,962,162	887,297	776,174	691,651	578,573
Minority Interest	120,256	68,033	34,807	28,633	27,895	19,405
Shareholders' Equity	3,585,447	2,030,195	922,104	804,807	719,546	597,978
Total Liabilities & Equity	31,801,359	20,653,197	10,857,571	8,541,318	7,693,377	5,620,907
Total Debt	1,140,893	891,178	555,892	472,630	701,792	791,212
Net Cash (Debt)	5,494,850	3,024,428	769,367	422,721	336,486	-76,573
Net Cash Growth	220.35%	293.11%	82.00%	25.63%	-	-
Net Cash Per Share	160.67	88.44	22.50	12.36	9.84	-2.24
Filing Date Shares Outstanding	34,199	34,199	34,199	34,199	34,199	34,199
Total Common Shares Outstanding	34,199	34,199	34,199	34,199	34,199	34,199
Book Value Per Share	101.32	57.37	25.94	22.70	20.22	16.92
Tangible Book Value	3,382,949	1,918,307	853,829	745,724	662,751	560,902
Tangible Book Value Per Share	98.92	56.09	24.97	21.81	19.38	16.40

Source: S&P Capital IQ. Banks template. Financial Sources.