United Overseas Bank Full Year 2024 Earnings: In Line With Expectations
United Overseas Bank (SGX:U11) Full Year 2024 Results
Key Financial Results
Revenue: S$13.4b (up 2.7% from FY 2023).
Net income: S$6.05b (up 8.0% from FY 2023).
Profit margin: 45% (up from 43% in FY 2023). The increase in margin was primarily driven by higher revenue.
EPS: S$3.56 (up from S$3.34 in FY 2023).
SGX:U11 Earnings and Revenue Growth February 19th 2025
All figures shown in the chart above are for the trailing 12 month (TTM) period
United Overseas Bank Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in Asia.
Performance of the market in Singapore.
The company's shares are up 2.9% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for United Overseas Bank that you need to be mindful of.
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