$UBL United Bank Limited (UBL): Result Review — Higher asset base led to earnings increase – By AKD Research
$UBL
United Bank Limited
Rs. 464.79
-2.02%
- United Bank Ltd (UBL) announced its 3QCY25 financial results earlier today, wherein the bank posted NPAT of PkR35.3bn (EPS: PkR14.1) for the quarter, up 93%YoY/24%QoQ. The result is in line with our expectations. In addition to the result, bank announced an interim cash payout of PkR8.0/sh, taking nine month cash payout to PkR21.5/sh.
- NII recorded at PkR92.0bn in 3QCY25, up by 78%YoY/1%QoQ, primarily due to higher investment book, up 37%YoY and advances, up 78%YoY/4%QoQ.
- Mark-up earned decreased by 4%YoY/2%QoQ to PkR298bn, while mark-up expensed was recorded at PkR205bn (down 21%YoY/3%QoQ). Notably, the bank’s estimated NIMs moderated to 3.7% in 3QCY25 compared to 3.9% in the previous quarter.