Union Bank of Colombo PLC (COSE:UBC.N0000)

Union Bank of Colombo Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	15,975	22,493	18,681	10,699	12,714
Interest Paid on Deposits	10,358	15,319	11,919	5,514	8,177
Net Interest Income	5,617	7,174	6,762	5,185	4,538
Net Interest Income Growth (YoY)	-21.71%	6.10%	30.42%	14.27%	-13.30%
Gain (Loss) on Sale of Assets	2.88	1.36	2.54	3.21	4.08
Gain (Loss) on Sale of Investments	129.45	55.84	52.73	435.41	1,146
Other Non-Interest Income	2,152	1,946	2,028	1,365	1,000
Total Non-Interest Income	2,285	2,003	2,083	1,803	2,151
Non-Interest Income Growth (YoY)	14.03%	-3.84%	15.54%	-16.15%	27.84%
Revenues Before Loan Losses	7,901	9,178	8,845	6,988	6,688
Provision for Loan Losses	178.17	1,735	2,968	1,129	947.24
Revenue	7,723	7,443	5,878	5,859	5,741
Revenue Growth (YoY)	3.76%	26.63%	0.31%	2.07%	-9.40%
Salaries and Employee Benefits	2,774	2,681	2,293	2,065	2,141
Occupancy Expenses	895.38	832.77	787.28	737.05	724.67
Selling, General & Administrative	222.57	123.77	97.16	55.79	60.32
Other Non-Interest Expense	3,094	2,899	2,173	1,754	1,745
Total Non-Interest Expense	6,986	6,536	5,350	4,612	4,671
EBT Excluding Unusual Items	737.31	906.46	527.44	1,248	1,070
Asset Writedown	-	-	-	-	-1.05
Pretax Income	733.41	900.87	525.28	1,240	1,069
Income Tax Expense	433.69	436.98	102.34	389.68	445.92
Earnings From Continuing Operations	299.73	463.89	422.94	850.18	622.75
Minority Interest in Earnings	-2.05	-7.6	11.13	-13.35	9.96
Net Income	297.67	456.29	434.07	836.83	632.71
Net Income to Common	297.67	456.29	434.07	836.83	632.71
Net Income Growth	-34.76%	5.12%	-48.13%	32.26%	-17.31%
Basic Shares Outstanding	1,084	1,084	1,084	1,084	1,084
Diluted Shares Outstanding	1,102	1,091	1,090	1,084	1,084
Shares Change (YoY)	1.08%	0.08%	0.58%	-0.01%	-0.51%
EPS (Basic)	0.27	0.42	0.40	0.77	0.58
EPS (Diluted)	0.27	0.42	0.40	0.77	0.58
EPS Growth	-35.71%	5.00%	-48.05%	32.76%	-17.14%
Dividend Per Share	-	-	-	-	0.130
Dividend Growth	-	-	-	-	-7.14%
Effective Tax Rate	59.13%	48.51%	19.48%	31.43%	41.73%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.