Union Bank of India (NSE: UNIONBANK)

Union Bank of India Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	1,049,860	1,003,756	811,632	682,297	693,115	374,792
Interest Paid on Deposits	679,252	633,637	480,328	401,785	441,124	258,368
Net Interest Income	375,191	370,119	331,303	280,512	251,991	116,424
Net Interest Income Growth (YoY)	6.41%	11.72%	18.11%	11.32%	116.44%	11.76%
Gain (Loss) on Sale of Assets	21.69	21.69	-14.86	-3.49	205.85	-39.45
Gain (Loss) on Sale of Investments	21,219	21,219	11,198	33,901	47,373	14,200
Other Non-Interest Income	179,828	156,887	147,971	101,347	95,489	43,732
Total Non-Interest Income	201,069	178,128	159,154	135,244	143,067	57,893
Non-Interest Income Growth (YoY)	13.60%	11.92%	17.68%	-5.47%	147.12%	14.83%
Revenues Before Loan Losses	576,259	548,247	490,457	415,756	395,058	174,317
Provision for Loan Losses	76,290	68,106	134,118	133,067	169,262	133,950
Revenue	499,969	480,141	356,338	282,690	225,795	40,367
Revenue Growth (YoY)	15.85%	34.74%	26.05%	25.20%	459.36%	2.90%
Salaries and Employee Benefits	154,634	145,932	125,240	102,637	94,910	34,639
Occupancy Expenses	23,549	23,549	22,002	21,653	23,950	11,729
Amortization of Goodwill & Intangibles	-14.12	-14.12	-	-	-	-
Selling, General & Administrative	9,334	9,334	8,257	7,042	6,506	3,917
Other Non-Interest Expense	90,507	86,257	79,374	65,695	72,149	31,594
Total Non-Interest Expense	276,977	264,177	234,060	196,458	197,161	82,679
EBT Excluding Unusual Items	222,993	215,964	122,279	86,232	28,634	-42,313
Pretax Income	222,993	215,964	122,279	86,232	28,634	-42,313
Income Tax Expense	69,529	77,993	37,162	33,578	-	-11,104
Earnings From Continuing Operations	153,464	137,971	85,117	52,653	28,634	-31,209
Net Income	153,464	137,971	85,117	52,653	28,634	-31,209
Net Income to Common	153,464	137,971	85,117	52,653	28,634	-31,209
Net Income Growth	28.76%	62.10%	61.66%	83.88%	-	-
Basic Shares Outstanding	7,551	7,203	6,835	6,773	6,407	2,321
Diluted Shares Outstanding	7,551	7,203	6,835	6,773	6,407	2,321
Shares Change (YoY)	9.61%	5.39%	0.92%	5.71%	176.06%	97.50%
EPS (Basic)	20.32	19.15	12.45	7.77	4.47	-13.45
EPS (Diluted)	20.32	19.15	12.45	7.77	4.47	-13.45
EPS Growth	17.47%	53.82%	60.23%	73.85%	-	-
Dividend Per Share	-	3.600	3.000	1.900	-	-
Dividend Growth	-	20.00%	57.89%	-	-	-
Effective Tax Rate	31.18%	36.11%	30.39%	38.94%	-	-

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