Asia United Bank Corporation (PSE:AUB)

Asia United Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	15,313	13,949	10,973	10,484	11,633
Interest Income on Investments	6,037	5,838	3,906	2,222	2,157
Total Interest Income	21,351	19,787	14,879	12,705	13,791
Interest Paid on Deposits	4,404	4,519	1,588	1,252	2,060
Interest Paid on Borrowings	167.22	142.23	392.46	540.03	889.03
Total Interest Expense	4,572	4,661	1,980	1,792	2,949
Net Interest Income	16,779	15,126	12,898	10,913	10,841
Net Interest Income Growth (YoY)	10.93%	17.27%	18.19%	0.66%	15.13%
Trust Income	169.49	114.23	121.67	107.93	89.87
Income From Trading Activities	1,927	513.04	194.21	-43.03	1,231
Gain (Loss) on Sale of Assets	-	36.39	41.55	18.67	46.78
Gain (Loss) on Sale of Investments	-	-	-0.21	499.96	1,658
Other Non-Interest Income	2,402	2,113	1,781	1,523	1,207
Total Non-Interest Income	4,499	2,777	2,138	2,107	4,232
Non-Interest Income Growth (YoY)	62.03%	29.88%	1.49%	-50.22%	55.01%
Revenues Before Loan Losses	21,278	17,903	15,036	13,020	15,073
Provision for Loan Losses	516.73	1,118	1,610	2,419	5,428
Revenue	20,762	16,785	13,426	10,601	9,645
Revenue Growth (YoY)	23.69%	25.01%	26.65%	9.91%	-12.39%
Salaries and Employee Benefits	2,149	1,931	1,813	1,757	1,951
Occupancy Expenses	1,115	699.98	644.69	665.22	692.12
Amortization of Goodwill & Intangibles	43.87	68.76	73.1	75.58	53.61
Selling, General & Administrative	894.14	1,214	1,061	983.35	940.49
Other Non-Interest Expense	2,681	2,533	2,011	2,019	2,121
Total Non-Interest Expense	6,883	6,446	5,603	5,500	5,759
EBT Excluding Unusual Items	13,879	10,339	7,823	5,101	3,886
Asset Writedown	-	-68.33	-15.31	-2.09	-2.26
Legal Settlements	-	-29.57	-49.77	-25.23	-26.57
Pretax Income	13,879	10,241	7,758	5,074	3,857
Income Tax Expense	2,525	1,980	1,479	1,006	829.59
Earnings From Continuing Operations	11,354	8,261	6,279	4,068	3,028
Minority Interest in Earnings	-16.32	-8.15	-11.74	-14.03	-4.68
Net Income	11,338	8,252	6,267	4,054	3,023
Net Income to Common	11,338	8,252	6,267	4,054	3,023
Net Income Growth	37.39%	31.68%	54.59%	34.10%	-32.02%
Basic Shares Outstanding	728	728	728	728	728
Diluted Shares Outstanding	728	728	728	728	728
Shares Change (YoY)	0.03%	-	-	-	-
EPS (Basic)	15.57	11.34	8.61	5.57	4.15
EPS (Diluted)	15.57	11.34	8.61	5.57	4.15
EPS Growth	37.35%	31.71%	54.55%	34.10%	-32.02%
Dividend Per Share	-	1.333	1.333	1.333	1.333
Dividend Growth	-	-	-	-	11.11%
Effective Tax Rate	18.19%	19.34%	19.07%	19.82%	21.51%

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.