United Bank Limited (PSX: UBL)

United Bank Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	186,769	250,008	109,080	258,071	157,020	158,705
Investment Securities	6,081,292	4,376,853	1,506,791	1,495,957	1,164,794	812,751
Trading Asset Securities	89,558	83,450	31,257	79,045	6,357	78,527
Total Investments	6,170,850	4,460,303	1,538,048	1,575,003	1,171,151	891,277
Gross Loans	1,044,736	993,082	1,189,063	849,874	713,437	774,357
Allowance for Loan Losses	-108,559	-103,662	-92,275	-82,432	-79,351	-67,506
Other Adjustments to Gross Loans	-	-11.22	-21.37	-23.6	-22.48	-58.34
Net Loans	936,177	889,409	1,096,767	767,418	634,064	706,792
Property, Plant & Equipment	92,309	85,072	79,403	76,194	57,476	58,276
Other Intangible Assets	2,339	2,552	2,518	2,433	2,026	2,071
Accrued Interest Receivable	139,250	124,663	51,599	27,900	23,287	31,348
Other Receivables	7,440	2,596	5,761	1,805	1,763	3,208
Restricted Cash	237,979	60,778	50,641	45,854	130,703	127,624
Other Current Assets	30,832	25,404	24,269	19,490	17,890	38,519
Long-Term Deferred Tax Assets	1,495	-	16,751	3,041	4,682	1,724
Other Real Estate Owned & Foreclosed	40.46	42.08	40.8	213.34	236.08	997.18
Other Long-Term Assets	2,409	3,847	3,527	3,808	1,387	2,278
Total Assets	7,807,890	5,904,675	2,978,406	2,781,228	2,201,685	2,022,819
Accrued Expenses	22,824	27,342	16,745	15,279	13,185	12,271
Interest Bearing Deposits	1,820,352	1,499,918	1,140,053	1,083,881	1,055,434	957,366
Non-Interest Bearing Deposits	1,420,261	1,134,798	897,957	801,891	708,959	600,629
Total Deposits	3,240,613	2,634,716	2,038,010	1,885,772	1,764,392	1,557,995
Short-Term Borrowings	4,073,218	2,791,651	509,052	530,666	96,672	117,373
Current Portion of Long-Term Debt	-	1,792	27,866	9,378	9,968	37,380
Current Portion of Leases	311.24	7.79	5.61	6.18	5.11	4.35
Current Income Taxes Payable	10,389	7,275	-	-	-	-
Accrued Interest Payable	56,453	48,661	40,784	15,964	12,958	11,160
Other Current Liabilities	49,272	40,943	59,051	43,349	41,909	48,492
Long-Term Debt	42,858	43,241	39,984	36,690	38,564	32,649
Long-Term Leases	11,352	10,467	9,609	8,579	7,961	7,842
Long-Term Unearned Revenue	3,405	2,230	1,857	1,229	1,336	1,288
Pension & Post-Retirement Benefits	22.2	2,590	2,674	2,330	3,343	2,677
Long-Term Deferred Tax Liabilities	-	2,079	-	-	-	-
Other Long-Term Liabilities	10,976	5,806	3,575	3,672	3,759	2,816
Total Liabilities	7,521,693	5,618,802	2,749,214	2,552,914	1,994,053	1,831,947
Common Stock	12,242	12,242	12,242	12,242	12,242	12,242
Retained Earnings	146,739	144,257	137,842	128,336	122,930	110,627
Comprehensive Income & Other	111,586	114,469	69,983	79,124	64,952	60,789
Total Common Equity	270,567	270,968	220,067	219,702	200,125	183,658
Minority Interest	15,630	14,904	9,125	8,612	7,507	7,214
Shareholders' Equity	286,197	285,873	229,192	228,314	207,632	190,872
Total Liabilities & Equity	7,807,890	5,904,675	2,978,406	2,781,228	2,201,685	2,022,819
Total Debt	4,127,739	2,847,158	586,518	585,319	153,171	195,249
Net Cash (Debt)	-3,836,412	-2,491,752	-360,884	-196,602	10,206	51,433
Net Cash Growth	-	-	-	-	-80.16%	-
Net Cash Per Share	-3133.86	-2035.45	-294.80	-160.60	8.34	42.01
Filing Date Shares Outstanding	1,224	1,224	1,224	1,224	1,224	1,224
Total Common Shares Outstanding	1,224	1,224	1,224	1,224	1,224	1,224
Book Value Per Share	221.02	221.35	179.77	179.47	163.48	150.03
Tangible Book Value	268,228	268,416	217,549	217,269	198,099	181,587
Tangible Book Value Per Share	219.11	219.26	177.71	177.48	161.82	148.33

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