External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>United Bank (UBL) announced its 4Q2024 result today, where the bank recorded highest ever quarterly earnings of Rs21.27 per share, up 93% YoY and 42% QoQ.</li><li>This takes 2024 earnings to record at all time high of Rs61.4 per share, up 36% YoY.</li><li>Earnings were significantly higher than our expectations of Rs13.9/share, owing to lower effective tax rate of 46% in 2024 vs. expected 54% and higher than expected non interest income.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

United Bank (UBL) announced its 4Q2024 result today, where the bank recorded highest ever quarterly earnings of Rs21.27 per share, up 93% YoY and 42% QoQ.This takes 2024 earnings to record at all time high of Rs61.4 per share, up 36% YoY.Earnings were significantly higher than our expectations of Rs13.9/share, owing to lower effective tax rate of 46% in 2024 vs. expected 54% and higher than expected non interest income.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

United Bank (UBL): Recorded highest ever quarterly earnings in 4Q2024

United Bank Ltd

United Bank (UBL): Recorded highest ever quarterly earnings in 4Q2024