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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,124,082	1,084,641	535,212	257,830	152,761	156,079
Interest Income on Investments	2,238	1,742	1,614	1,537	1,571	872.03
Total Interest Income	1,126,320	1,086,383	536,826	259,366	154,332	156,951
Interest Paid on Deposits	832,381	911,094	386,236	150,086	78,025	79,006
Net Interest Income	293,938	175,290	150,590	109,280	76,307	77,945
Net Interest Income Growth (YoY)	122.74%	16.40%	37.80%	43.21%	-2.10%	20.91%
Gain (Loss) on Sale of Assets	239.17	235.3	489.7	183.73	36.46	70.36
Gain (Loss) on Sale of Investments	32,551	45,487	532.78	560.59	3,478	610.23
Other Non-Interest Income	41,139	36,230	33,435	34,723	19,236	17,292
Total Non-Interest Income	73,929	81,953	34,458	35,468	22,750	17,972
Non-Interest Income Growth (YoY)	61.98%	137.84%	-2.85%	55.90%	26.58%	-19.89%
Revenues Before Loan Losses	367,868	257,242	185,047	144,748	99,057	95,918
Provision for Loan Losses	11,248	12,775	980.16	17,599	-1,252	17,256
Revenue	356,619	244,467	184,067	127,149	100,309	78,662
Revenue Growth (YoY)	83.71%	32.81%	44.77%	26.76%	27.52%	-1.16%
Salaries and Employee Benefits	4,836	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	109,717	89,035	65,784	53,350	44,907	41,763
Total Non-Interest Expense	121,443	99,430	73,482	58,713	48,338	44,280
EBT Excluding Unusual Items	235,176	145,037	110,585	68,435	51,970	34,382
Asset Writedown	-	-	-	-	196.89	-
Pretax Income	235,176	145,037	110,585	68,435	52,167	34,382
Income Tax Expense	127,012	70,198	54,114	36,375	21,474	13,577
Earnings From Continuing Operations	108,164	74,839	56,471	32,061	30,693	20,805
Earnings From Discontinued Operations	938.61	938.61	-	20.95	-70.68	-16.37
Minority Interest in Earnings	-18.03	-621.59	-1,326	-546.2	-213.12	149.38
Net Income	109,085	75,156	55,145	31,535	30,409	20,938
Net Income to Common	109,085	75,156	55,145	31,535	30,409	20,938
Net Income Growth	84.90%	36.29%	74.87%	3.71%	45.23%	9.65%
Basic Shares Outstanding	2,466	2,448	2,448	2,448	2,448	2,448
Diluted Shares Outstanding	2,466	2,448	2,448	2,448	2,448	2,448
EPS (Basic)	44.24	30.70	22.52	12.88	12.42	8.55
EPS (Diluted)	44.24	30.70	22.52	12.88	12.42	8.55
EPS Growth	83.58%	36.29%	74.87%	3.71%	45.23%	9.65%
Dividend Per Share	24.500	22.000	22.000	11.000	9.000	6.000
Dividend Growth	11.36%	-	100.00%	22.22%	50.00%	-
Effective Tax Rate	54.01%	48.40%	48.93%	53.15%	41.16%	39.49%

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