United Overseas Bank Limited (UOVEF)

United Overseas Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	22,370	23,259	22,242	12,862	8,204	9,623
Interest Income on Investments	-	-	-	40	40	50
Total Interest Income	22,370	23,259	22,242	12,902	8,244	9,673
Interest Paid on Deposits	12,714	13,585	12,563	4,519	1,816	3,588
Net Interest Income	9,656	9,674	9,679	8,383	6,428	6,085
Net Interest Income Growth (YoY)	0.63%	-0.05%	15.46%	30.41%	5.64%	-8.00%
Income From Trading Activities	1,618	1,689	1,607	1,064	569	594
Gain (Loss) on Sale of Assets	18	18	19	11	16	6
Gain (Loss) on Sale of Investments	338	314	133	-235	216	286
Other Non-Interest Income	2,786	2,599	2,494	2,352	2,560	2,205
Total Non-Interest Income	4,760	4,620	4,253	3,192	3,361	3,091
Non-Interest Income Growth (YoY)	11.45%	8.63%	33.24%	-5.03%	8.73%	-9.51%
Revenues Before Loan Losses	14,416	14,294	13,932	11,575	9,789	9,176
Provision for Loan Losses	1,100	926	921	603	657	1,554
Revenue	13,316	13,368	13,011	10,972	9,132	7,622
Revenue Growth (YoY)	1.76%	2.74%	18.58%	20.15%	19.81%	-20.56%
Salaries and Employee Benefits	3,639	3,612	3,485	2,940	2,543	2,577
Amortization of Goodwill & Intangibles	31	28	24	3	-	-
Selling, General & Administrative	475	473	431	380	373	379
Other Non-Interest Expense	2,005	2,043	1,907	1,961	1,397	1,374
Total Non-Interest Expense	6,066	6,035	5,754	5,187	4,195	4,232
EBT Excluding Unusual Items	7,250	7,333	7,257	5,785	4,937	3,390
Other Unusual Items	-	-	-	-	-	146
Pretax Income	7,068	7,151	6,863	5,785	4,937	3,536
Income Tax Expense	1,096	1,092	1,138	1,202	850	606
Earnings From Continuing Operations	5,972	6,059	5,725	4,583	4,087	2,930
Minority Interest in Earnings	-11	-14	-14	-10	-12	-15
Net Income	5,961	6,045	5,711	4,573	4,075	2,915
Preferred Dividends & Other Adjustments	93	93	114	76	72	91
Net Income to Common	5,868	5,952	5,597	4,497	4,003	2,824
Net Income Growth	4.62%	5.85%	24.88%	12.22%	39.79%	-32.88%
Basic Shares Outstanding	1,663	1,673	1,674	1,674	1,674	1,670
Diluted Shares Outstanding	1,663	1,681	1,681	1,681	1,681	1,677
Shares Change (YoY)	-0.62%	0.01%	0.02%	-0.05%	0.26%	0.21%
EPS (Basic)	3.53	3.56	3.34	2.69	2.39	1.69
EPS (Diluted)	3.53	3.54	3.33	2.68	2.38	1.68
EPS Growth	5.73%	6.31%	24.25%	12.61%	41.67%	-33.86%
Dividend Per Share	1.770	1.800	1.700	1.350	1.200	0.780
Dividend Growth	2.31%	5.88%	25.93%	12.50%	53.85%	-29.09%
Effective Tax Rate	15.51%	15.27%	16.58%	20.78%	17.22%	17.14%

Updated Mar 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.