United Bank Limited (PSX: UBL)

United Bank Income Statement

Financials in millions PKR. 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	1,014,194	535,212	257,830	152,761	156,079	157,278
Interest Income on Investments	1,629	1,614	1,537	1,571	872.03	1,123
Total Interest Income	1,015,823	536,826	259,366	154,332	156,951	158,401
Interest Paid on Deposits	871,751	386,236	150,086	78,025	79,006	93,937
Net Interest Income	144,072	150,590	109,280	76,307	77,945	64,464
Net Interest Income Growth (YoY)	-0.96%	37.80%	43.21%	-2.10%	20.91%	8.11%
Gain (Loss) on Sale of Assets	242.02	489.7	183.73	36.46	70.36	120.92
Gain (Loss) on Sale of Investments	16,599	-11,581	560.59	3,478	610.23	216.67
Other Non-Interest Income	36,989	33,435	34,723	19,236	17,292	22,097
Total Non-Interest Income	53,830	22,344	35,468	22,750	17,972	22,435
Non-Interest Income Growth (YoY)	48.15%	-37.00%	55.90%	26.58%	-19.89%	-7.78%
Revenues Before Loan Losses	197,902	172,934	144,748	99,057	95,918	86,899
Provision for Loan Losses	-14,627	-11,133	17,599	-1,252	17,256	7,314
Revenue	212,529	184,067	127,149	100,309	78,662	79,585
Revenue Growth (YoY)	25.75%	44.76%	26.76%	27.52%	-1.16%	11.30%
Salaries and Employee Benefits	2,846	2,159	1,353	1,035	873.97	747.86
Selling, General & Administrative	5,276	4,550	3,361	2,739	2,147	2,094
Other Non-Interest Expense	73,402	65,784	53,350	44,907	41,763	41,789
Total Non-Interest Expense	81,020	73,482	58,713	48,338	44,280	43,855
EBT Excluding Unusual Items	131,509	110,585	68,435	51,970	34,382	35,731
Asset Writedown	-	-	-	196.89	-	-
Pretax Income	131,509	110,585	68,435	52,167	34,382	35,731
Income Tax Expense	68,816	54,114	36,375	21,474	13,577	15,457
Earnings From Continuing Operations	62,693	56,471	32,061	30,693	20,805	20,273
Earnings From Discontinued Operations	332.12	-	20.95	-70.68	-16.37	-1,225
Minority Interest in Earnings	-447.85	-1,326	-546.2	-213.12	149.38	46.84
Net Income	62,577	55,145	31,535	30,409	20,938	19,095
Net Income to Common	62,577	55,145	31,535	30,409	20,938	19,095
Net Income Growth	14.31%	74.87%	3.71%	45.23%	9.65%	23.33%
Basic Shares Outstanding	1,224	1,224	1,224	1,224	1,224	1,224
Diluted Shares Outstanding	1,224	1,224	1,224	1,224	1,224	1,224
EPS (Basic)	51.12	45.05	25.76	24.84	17.10	15.60
EPS (Diluted)	51.12	45.05	25.76	24.84	17.10	15.60
EPS Growth	14.31%	74.87%	3.71%	45.23%	9.65%	23.33%
Dividend Per Share	44.000	44.000	22.000	18.000	12.000	12.000
Dividend Growth	4.76%	100.00%	22.22%	50.00%	0%	9.09%
Effective Tax Rate	52.33%	48.93%	53.15%	41.16%	39.49%	43.26%

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