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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	14,524	13,949	10,973	10,484	11,633	11,827
Interest Income on Investments	6,481	5,838	3,906	2,222	2,157	2,071
Total Interest Income	21,005	19,787	14,879	12,705	13,791	13,899
Interest Paid on Deposits	4,447	4,519	1,588	1,252	2,060	3,822
Interest Paid on Borrowings	161.46	142.23	392.46	540.03	889.03	660.3
Total Interest Expense	4,608	4,661	1,980	1,792	2,949	4,482
Net Interest Income	16,396	15,126	12,898	10,913	10,841	9,417
Net Interest Income Growth (YoY)	11.02%	17.27%	18.19%	0.66%	15.13%	21.31%
Trust Income	145.27	114.23	121.67	107.93	89.87	71.5
Income From Trading Activities	523.49	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	3,108	2,113	1,781	1,523	1,207	1,410
Total Non-Interest Income	3,813	2,777	2,138	2,107	4,232	2,730
Non-Interest Income Growth (YoY)	47.31%	29.88%	1.49%	-50.22%	55.00%	51.39%
Revenues Before Loan Losses	20,210	17,903	15,036	13,020	15,073	12,147
Provision for Loan Losses	63.51	1,118	1,610	2,419	5,428	1,139
Revenue	20,146	16,785	13,426	10,601	9,645	11,008
Revenue Growth (YoY)	28.90%	25.01%	26.65%	9.91%	-12.39%	23.68%
Salaries and Employee Benefits	2,138	1,931	1,813	1,757	1,951	1,716
Occupancy Expenses	775.22	699.98	644.69	665.22	692.12	663.38
Amortization of Goodwill & Intangibles	47.13	68.76	73.1	75.58	53.61	44.5
Selling, General & Administrative	1,251	1,214	1,061	983.35	940.49	903.54
Other Non-Interest Expense	2,507	2,533	2,011	2,019	2,121	2,259
Total Non-Interest Expense	6,718	6,446	5,603	5,500	5,759	5,586
EBT Excluding Unusual Items	13,428	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	13,330	10,241	7,758	5,074	3,857	5,406
Income Tax Expense	2,577	1,980	1,479	1,006	829.59	965.25
Earnings From Continuing Operations	10,753	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	10,745	8,252	6,267	4,054	3,023	4,447
Net Income to Common	10,745	8,252	6,267	4,054	3,023	4,447
Net Income Growth	38.82%	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)	14.76	11.34	8.61	5.57	4.15	6.11
EPS (Diluted)	10.59	11.34	8.61	5.57	4.15	6.11
EPS Growth	-0.40%	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	74.75%	0%	0%	0%	11.11%	12.50%
Effective Tax Rate	19.33%	19.34%	19.07%	19.82%	21.51%	17.85%

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