Unity Bank Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	40,940	53,722	48,991	43,182	39,119
Interest Paid on Deposits	57,904	36,183	29,647	23,127	21,372
Net Interest Income	-16,964	17,539	19,344	20,055	17,747
Net Interest Income Growth (YoY)	-	-9.33%	-3.55%	13.00%	7.60%
Income From Trading Activities	-55,627	-50,069	-233.84	-1,308	-3,817
Gain (Loss) on Sale of Assets	-	26.5	27.64	25.86	8.92
Gain (Loss) on Sale of Investments	-	28.96	-46.39	102.33	-
Other Non-Interest Income	2,716	5,586	8,178	6,975	7,398
Total Non-Interest Income	-52,911	-44,427	7,925	5,795	3,590
Non-Interest Income Growth (YoY)	-	-	36.76%	61.43%	-44.86%
Revenues Before Loan Losses	-69,876	-26,889	27,269	25,850	21,337
Provision for Loan Losses	191.64	1,701	-1,204	-2,564	-4,127
Revenue	-70,067	-28,590	28,473	28,414	25,464
Revenue Growth (YoY)	-	-	0.21%	11.58%	20.79%
Salaries and Employee Benefits	18,214	14,287	11,161	10,537	10,409
Occupancy Expenses	3,300	3,294	2,466	1,934	1,696
Amortization of Goodwill & Intangibles	361.7	631.21	79.77	50.91	47.22
Selling, General & Administrative	-	1,070	1,253	1,106	904.81
Other Non-Interest Expense	22,649	14,468	12,127	11,454	10,184
Total Non-Interest Expense	44,524	33,750	27,087	25,081	23,241
EBT Excluding Unusual Items	-114,591	-62,340	1,386	3,332	2,223
Pretax Income	-114,591	-62,340	1,386	3,332	2,223
Income Tax Expense	321.33	297.53	444.75	158.88	136.8
Net Income	-114,912	-62,637	941.38	3,173	2,086
Net Income to Common	-114,912	-62,637	941.38	3,173	2,086
Net Income Growth	-	-	-70.33%	52.09%	-38.33%
Basic Shares Outstanding	11,689	11,689	11,689	11,689	11,689
Diluted Shares Outstanding	11,689	11,689	11,689	11,689	11,689
EPS (Basic)	-9.83	-5.36	0.08	0.27	0.18
EPS (Diluted)	-9.83	-5.36	0.08	0.27	0.18
EPS Growth	-	-	-70.33%	52.09%	-38.32%
Effective Tax Rate	-	-	32.09%	4.77%	6.15%

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