Asia United Bank Corporation (PSE: AUB)

Asia United Bank Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	14,597	13,949	10,973	10,484	11,633	11,827
Interest Income on Investments	6,125	5,838	3,906	2,222	2,157	2,071
Total Interest Income	20,722	19,787	14,879	12,705	13,791	13,899
Interest Paid on Deposits	4,625	4,519	1,588	1,252	2,060	3,822
Interest Paid on Borrowings	197.59	142.23	392.46	540.03	889.03	660.3
Total Interest Expense	4,823	4,661	1,980	1,792	2,949	4,482
Net Interest Income	15,900	15,126	12,898	10,913	10,841	9,417
Net Interest Income Growth (YoY)	9.39%	17.27%	18.19%	0.66%	15.13%	21.31%
Trust Income	128.47	114.23	121.67	107.93	89.87	71.5
Income From Trading Activities	193.95	513.04	194.21	-43.03	1,231	1,161
Gain (Loss) on Sale of Assets	36.39	36.39	41.55	18.67	46.78	87.62
Gain (Loss) on Sale of Investments	-	-	-0.21	499.96	1,658	-
Other Non-Interest Income	2,671	2,113	1,781	1,523	1,207	1,410
Total Non-Interest Income	3,030	2,777	2,138	2,107	4,232	2,730
Non-Interest Income Growth (YoY)	40.44%	29.88%	1.49%	-50.22%	55.00%	51.39%
Revenues Before Loan Losses	18,930	17,903	15,036	13,020	15,073	12,147
Provision for Loan Losses	243.99	1,118	1,610	2,419	5,428	1,139
Revenue	18,686	16,785	13,426	10,601	9,645	11,008
Revenue Growth (YoY)	27.62%	25.01%	26.65%	9.91%	-12.39%	23.68%
Salaries and Employee Benefits	2,072	1,931	1,813	1,757	1,951	1,716
Occupancy Expenses	753.59	699.98	644.69	665.22	692.12	663.38
Amortization of Goodwill & Intangibles	56.83	68.76	73.1	75.58	53.61	44.5
Selling, General & Administrative	1,232	1,214	1,061	983.35	940.49	903.54
Other Non-Interest Expense	2,583	2,533	2,011	2,019	2,121	2,259
Total Non-Interest Expense	6,697	6,446	5,603	5,500	5,759	5,586
EBT Excluding Unusual Items	11,988	10,339	7,823	5,101	3,886	5,423
Asset Writedown	-68.33	-68.33	-15.31	-2.09	-2.26	-
Legal Settlements	-29.57	-29.57	-49.77	-25.23	-26.57	-16.46
Pretax Income	11,890	10,241	7,758	5,074	3,857	5,406
Income Tax Expense	2,532	1,980	1,479	1,006	829.59	965.25
Earnings From Continuing Operations	9,359	8,261	6,279	4,068	3,028	4,441
Minority Interest in Earnings	-8.15	-8.15	-11.74	-14.03	-4.68	5.95
Net Income	9,351	8,252	6,267	4,054	3,023	4,447
Net Income to Common	9,351	8,252	6,267	4,054	3,023	4,447
Net Income Growth	24.94%	31.68%	54.59%	34.10%	-32.02%	34.21%
Basic Shares Outstanding	728	728	728	728	728	728
Diluted Shares Outstanding	728	728	728	728	728	728
Shares Change (YoY)	-0.00%	-0.00%	-	-	-	-
EPS (Basic)	12.84	11.34	8.61	5.57	4.15	6.11
EPS (Diluted)	12.84	11.34	8.61	5.57	4.15	6.11
EPS Growth	25.15%	31.71%	54.55%	34.10%	-32.02%	34.21%
Dividend Per Share	2.330	1.333	1.333	1.333	1.333	1.200
Dividend Growth	-12.62%	0%	0%	0%	11.11%	12.50%
Effective Tax Rate	21.29%	19.34%	19.07%	19.82%	21.51%	17.85%

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