Union Bank of the Philippines (PSE:UBP)

PSE:UBP Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	64,078	64,511	60,587	36,831	27,696	28,947
Interest Income on Investments	20,065	19,229	17,975	13,694	8,631	9,631
Total Interest Income	84,143	83,740	78,562	50,525	36,328	38,578
Interest Paid on Deposits	9,651	12,493	15,788	6,022	2,968	5,617
Interest Paid on Borrowings	11,521	13,218	10,798	5,602	3,545	4,231
Total Interest Expense	21,172	25,712	26,586	11,623	6,512	9,847
Net Interest Income	62,972	58,028	51,976	38,901	29,815	28,730
Net Interest Income Growth (YoY)	9.98%	11.64%	33.61%	30.48%	3.78%	28.63%
Income From Trading Activities	578.7	1,536	918.65	-181.4	217.94	3,830
Gain (Loss) on Sale of Assets	1,203	1,203	751.94	466.39	-25.58	220.51
Gain (Loss) on Sale of Investments	-	-	-	100.22	8,615	5,112
Other Non-Interest Income	18,844	18,782	17,132	12,914	6,493	4,180
Total Non-Interest Income	20,626	21,521	18,802	13,299	15,301	13,342
Non-Interest Income Growth (YoY)	20.47%	14.46%	41.38%	-13.08%	14.68%	-6.99%
Revenues Before Loan Losses	83,598	79,549	70,778	52,200	45,116	42,072
Provision for Loan Losses	22,933	19,599	14,041	4,068	5,811	8,382
Revenue	60,664	59,951	56,737	48,132	39,304	33,690
Revenue Growth (YoY)	5.67%	5.66%	17.88%	22.46%	16.66%	-3.25%
Salaries and Employee Benefits	15,104	14,120	13,558	10,003	8,647	7,809
Occupancy Expenses	3,387	2,842	2,666	1,860	1,624	1,407
Selling, General & Administrative	6,106	6,058	6,271	3,452	2,099	1,731
Other Non-Interest Expense	21,467	20,620	21,172	15,474	11,029	9,832
Total Non-Interest Expense	46,064	43,640	43,668	30,790	23,398	20,779
EBT Excluding Unusual Items	14,600	16,311	13,069	17,342	15,906	12,912
Asset Writedown	-308.71	-308.71	-916.62	-374.54	-318.64	-181.41
Legal Settlements	-319.27	-319.27	-303.58	-183.73	-73.38	-189.84
Other Unusual Items	-	-	-	-	-	25.29
Pretax Income	13,972	15,683	11,849	16,784	14,985	12,342
Income Tax Expense	4,028	3,653	2,644	4,039	2,407	781.38
Earnings From Continuing Operations	9,944	12,030	9,205	12,745	12,578	11,561
Minority Interest in Earnings	-55.79	-99.77	-132.34	-143.97	-52.36	-7.57
Net Income	9,888	11,930	9,072	12,601	12,525	11,553
Net Income to Common	9,888	11,930	9,072	12,601	12,525	11,553
Net Income Growth	3.73%	31.50%	-28.00%	0.60%	8.41%	-17.63%
Basic Shares Outstanding	3,316	3,180	2,968	2,547	2,160	1,935
Diluted Shares Outstanding	3,316	3,180	2,968	2,547	2,160	1,935
Shares Change (YoY)	7.04%	7.13%	16.55%	17.93%	11.64%	0.05%
EPS (Basic)	2.98	3.75	3.06	4.95	5.80	5.97
EPS (Diluted)	2.98	3.75	3.06	4.95	5.80	5.97
EPS Growth	-3.09%	22.75%	-38.23%	-14.70%	-2.89%	-17.67%
Dividend Per Share	1.000	1.000	0.800	1.575	2.205	2.205
Dividend Growth	25.00%	25.00%	-49.20%	-28.57%	-	-
Effective Tax Rate	28.83%	23.30%	22.32%	24.07%	16.06%	6.33%

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