Union Bank of the Philippines (PSE: UBP)

PSE: UBP Balance Sheet

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
Cash & Equivalents	50,417	88,790	112,032	137,553	138,630	107,382
Investment Securities	357,462	230,401	220,135	231,144	180,148	138,619
Trading Asset Securities	24,596	5,235	8,172	5,430	15,695	5,117
Total Investments	382,058	235,636	228,307	236,575	195,843	143,737
Gross Loans	523,248	511,776	463,153	325,681	314,443	348,764
Allowance for Loan Losses	-	-19,166	-14,039	-13,435	-10,474	-6,872
Other Adjustments to Gross Loans	-	-2,742	-2,236	-1,417	-1,529	-1,734
Net Loans	523,248	489,868	446,879	310,829	302,440	340,158
Property, Plant & Equipment	10,903	10,193	8,707	6,143	6,249	6,021
Goodwill	53,993	53,993	53,993	14,819	15,349	15,456
Other Intangible Assets	-	22,684	-	6,325	4,851	3,314
Investments in Real Estate	9,356	8,592	8,259	8,673	8,922	9,128
Accrued Interest Receivable	-	11,061	9,970	6,341	6,912	4,652
Other Receivables	-	14,553	11,161	8,316	6,162	6,487
Restricted Cash	68,749	56,967	62,264	46,511	42,730	48,837
Other Current Assets	-	15,668	11,617	14,842	10,234	9,471
Long-Term Deferred Tax Assets	-	9,680	-	6,980	7,358	5,593
Other Long-Term Assets	48,056	126,229	139,699	26,809	28,561	70,478
Total Assets	1,146,779	1,145,143	1,092,886	831,095	774,459	770,788
Accounts Payable	-	14,716	15,399	5,799	5,028	4,906
Accrued Expenses	-	8,707	7,872	4,263	3,809	3,444
Interest Bearing Deposits	652,628	712,568	711,304	570,501	527,785	484,336
Total Deposits	652,628	712,568	711,304	570,501	527,785	484,336
Short-Term Borrowings	191,086	156,214	134,394	51,918	54,971	105,518
Current Portion of Long-Term Debt	-	-	8,097	31,280	-	10,953
Current Income Taxes Payable	-	860.07	1,045	613.12	711	433.53
Accrued Interest Payable	-	3,472	1,802	787.45	757.58	1,214
Other Current Liabilities	-	12,394	11,581	8,021	10,481	17,256
Long-Term Debt	57,629	50,494	43,547	38,574	59,854	38,379
Long-Term Leases	1,498	1,551	1,425	1,383	1,220	1,337
Long-Term Unearned Revenue	-	590.26	715.71	733.33	733.33	733.33
Pension & Post-Retirement Benefits	-	1,572	999.01	1,026	1,182	421.95
Other Long-Term Liabilities	50,876	6,380	6,493	3,982	2,777	3,838
Total Liabilities	953,718	969,518	944,672	718,882	669,307	672,771
Common Stock	33,164	23,538	21,421	12,194	12,185	12,176
Additional Paid-In Capital	64,368	57,769	47,950	14,215	14,215	14,172
Retained Earnings	97,323	91,262	93,252	84,921	79,741	72,453
Treasury Stock	-	-2.1	-	-	-	-
Comprehensive Income & Other	-2,609	2,424	-15,254	106.32	-1,779	-1,304
Total Common Equity	192,246	174,991	147,369	111,436	104,362	97,496
Minority Interest	815.89	634.26	844.71	777.3	790.69	520.56
Shareholders' Equity	193,062	175,625	148,214	112,213	105,152	98,017
Total Liabilities & Equity	1,146,779	1,145,143	1,092,886	831,095	774,459	770,788
Total Debt	250,213	208,259	187,462	123,155	116,044	156,187
Net Cash (Debt)	-175,200	-114,234	-67,258	43,249	55,026	-8,913
Net Cash Growth	-	-	-	-21.40%	-	-
Net Cash Per Share	-56.15	-38.48	-26.41	20.03	28.44	-4.61
Filing Date Shares Outstanding	3,316	2,989	2,989	1,937	1,936	1,934
Total Common Shares Outstanding	3,316	2,989	2,720	1,936	1,934	1,933
Book Value Per Share	57.97	58.54	54.17	57.57	53.95	50.44
Tangible Book Value	138,253	98,315	93,377	90,292	84,162	78,726
Tangible Book Value Per Share	41.69	32.89	34.32	46.64	43.51	40.73

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