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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,119,961	1,084,641	535,212	257,830	152,761	156,079
Interest Income on Investments	2,258	1,742	1,614	1,537	1,571	872.03
Total Interest Income	1,122,219	1,086,383	536,826	259,366	154,332	156,951
Interest Paid on Deposits	784,362	911,094	386,236	150,086	78,025	79,006
Net Interest Income	337,857	175,290	150,590	109,280	76,307	77,945
Net Interest Income Growth (YoY)	128.90%	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	27,569	45,487	532.78	560.59	3,478	610.23
Other Non-Interest Income	44,542	36,230	33,435	34,723	19,236	17,292
Total Non-Interest Income	72,346	81,953	34,458	35,468	22,750	17,972
Non-Interest Income Growth (YoY)	8.82%	137.84%	-2.85%	55.90%	26.58%	-19.89%
Revenues Before Loan Losses	410,203	257,242	185,047	144,748	99,057	95,918
Provision for Loan Losses	9,537	12,775	980.16	17,599	-1,252	17,256
Revenue	400,665	244,467	184,067	127,149	100,309	78,662
Revenue Growth (YoY)	84.99%	32.81%	44.77%	26.76%	27.52%	-1.16%
Salaries and Employee Benefits	5,311	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	120,161	89,035	65,784	53,350	44,907	41,763
Total Non-Interest Expense	132,627	99,430	73,482	58,713	48,338	44,280
EBT Excluding Unusual Items	268,038	145,037	110,585	68,435	51,970	34,382
Asset Writedown	-	-	-	-	196.89	-
Pretax Income	268,038	145,037	110,585	68,435	52,167	34,382
Income Tax Expense	141,894	70,198	54,114	36,375	21,474	13,577
Earnings From Continuing Operations	126,144	74,839	56,471	32,061	30,693	20,805
Earnings From Discontinued Operations	606.49	938.61	-	20.95	-70.68	-16.37
Minority Interest in Earnings	-629.22	-621.59	-1,326	-546.2	-213.12	149.38
Net Income	126,121	75,156	55,145	31,535	30,409	20,938
Net Income to Common	126,121	75,156	55,145	31,535	30,409	20,938
Net Income Growth	101.55%	36.29%	74.87%	3.71%	45.23%	9.65%
Basic Shares Outstanding	2,480	2,448	2,448	2,448	2,448	2,448
Diluted Shares Outstanding	2,480	2,448	2,448	2,448	2,448	2,448
EPS (Basic)	50.86	30.70	22.52	12.88	12.42	8.55
EPS (Diluted)	50.86	30.70	22.52	12.88	12.42	8.55
EPS Growth	99.01%	36.29%	74.87%	3.71%	45.23%	9.65%
Dividend Per Share	27.000	22.000	22.000	11.000	9.000	6.000
Dividend Growth	22.73%	-	100.00%	22.22%	50.00%	-
Effective Tax Rate	52.94%	48.40%	48.93%	53.15%	41.16%	39.49%

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