United Bank Limited (PSX:UBL)

United Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,102,586	1,084,641	535,212	257,830	152,761	156,079
Interest Income on Investments	2,131	1,742	1,614	1,537	1,571	872.03
Total Interest Income	1,104,717	1,086,383	536,826	259,366	154,332	156,951
Interest Paid on Deposits	872,916	911,094	386,236	150,086	78,025	79,006
Net Interest Income	231,801	175,290	150,590	109,280	76,307	77,945
Net Interest Income Growth (YoY)	61.26%	16.40%	37.80%	43.21%	-2.10%	20.91%
Gain (Loss) on Sale of Assets	235.3	235.3	489.7	183.73	36.46	70.36
Gain (Loss) on Sale of Investments	39,432	45,487	532.78	560.59	3,478	610.23
Other Non-Interest Income	37,442	36,230	33,435	34,723	19,236	17,292
Total Non-Interest Income	77,109	81,953	34,458	35,468	22,750	17,972
Non-Interest Income Growth (YoY)	124.36%	137.84%	-2.85%	55.90%	26.58%	-19.89%
Revenues Before Loan Losses	308,910	257,242	185,047	144,748	99,057	95,918
Provision for Loan Losses	12,885	12,775	980.16	17,599	-1,252	17,256
Revenue	296,025	244,467	184,067	127,149	100,309	78,662
Revenue Growth (YoY)	52.85%	32.81%	44.77%	26.76%	27.52%	-1.16%
Salaries and Employee Benefits	3,961	3,146	2,159	1,353	1,035	873.97
Selling, General & Administrative	8,145	8,145	4,550	3,361	2,739	2,147
Other Non-Interest Expense	95,051	89,035	65,784	53,350	44,907	41,763
Total Non-Interest Expense	106,030	99,430	73,482	58,713	48,338	44,280
EBT Excluding Unusual Items	189,995	145,037	110,585	68,435	51,970	34,382
Asset Writedown	-	-	-	-	196.89	-
Pretax Income	189,995	145,037	110,585	68,435	52,167	34,382
Income Tax Expense	95,184	70,198	54,114	36,375	21,474	13,577
Earnings From Continuing Operations	94,812	74,839	56,471	32,061	30,693	20,805
Earnings From Discontinued Operations	938.61	938.61	-	20.95	-70.68	-16.37
Minority Interest in Earnings	-464.94	-621.59	-1,326	-546.2	-213.12	149.38
Net Income	95,285	75,156	55,145	31,535	30,409	20,938
Net Income to Common	95,285	75,156	55,145	31,535	30,409	20,938
Net Income Growth	67.47%	36.29%	74.87%	3.71%	45.23%	9.65%
Basic Shares Outstanding	1,226	1,224	1,224	1,224	1,224	1,224
Diluted Shares Outstanding	1,226	1,224	1,224	1,224	1,224	1,224
EPS (Basic)	77.74	61.39	45.05	25.76	24.84	17.10
EPS (Diluted)	77.74	61.39	45.05	25.76	24.84	17.10
EPS Growth	67.26%	36.29%	74.87%	3.71%	45.23%	9.65%
Dividend Per Share	44.000	44.000	44.000	22.000	18.000	12.000
Dividend Growth	-	-	100.00%	22.22%	50.00%	-
Effective Tax Rate	50.10%	48.40%	48.93%	53.15%	41.16%	39.49%

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